SMART SYSTEMS AS

2074 EIDSVOLL VERK

Finances

Share Ownership

Return on Equity

100,38 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 355 000	3 740 000	2 045 000	2 625 000
Net Income	526 000	505 000	192 000	285 000
Total Assets	1 604 000	1 710 000	1 215 000	1 461 000
Total Equity	524 000	524 000	559 000	667 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 355 000	3 740 000	2 045 000	2 625 000
Expenditure	2 680 000	3 095 000	1 800 000	2 250 000
Operating Profit	675 000	645 000	246 000	373 000
Financial Income	2 000	10 000	4 000	1 000
Financial Costs	2 000	8 000	3 000	8 000
Financial Balance	0	2 000	1 000	−7 000
Earnings Before Tax	675 000	647 000	246 000	366 000
Tax	148 000	142 000	54 000	81 000
Net Income	526 000	505 000	192 000	285 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	136 000	107 000	115 000	123 000
Total Current Assets	1 469 000	1 603 000	1 100 000	1 337 000
Total Assets	1 604 000	1 710 000	1 215 000	1 461 000
Total Retained Equity	212 000	212 000	247 000	355 000
Total Equity	524 000	524 000	559 000	667 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 080 000	1 186 000	656 000	793 000
Total Equity and Debt	1 604 000	1 710 000	1 215 000	1 461 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 355 000	3 740 000	2 045 000	2 625 000
Other Income	0	0	0	0
Revenue	3 355 000	3 740 000	2 045 000	2 625 000
Cost of Goods Sold	708 000	1 227 000	393 000	522 000
Salary Costs	1 589 000	1 488 000	1 125 000	1 436 000
Depreciation	2 000	9 000	9 000	9 000
Impairment	0	0	0	0
Expenditure	2 680 000	3 095 000	1 800 000	2 250 000
Operating Profit	675 000	645 000	246 000	373 000
Financial Income	2 000	10 000	4 000	1 000
Financial Costs	2 000	8 000	3 000	8 000
Financial Balance	0	2 000	1 000	−7 000
Dividends	526 000	300 000	300 000	300 000
Net Income	526 000	505 000	192 000	285 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	3 000	2 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	30 000	0	9 000	19 000
Fixtures	0	0	0	0
Total Tangible Assets	30 000	0	9 000	19 000
Total Fiancial Fixed Assets	103 000	103 000	103 000	103 000
Total Fixed Assets	136 000	107 000	115 000	123 000
Stock	230 000	226 000	244 000	250 000
Total Investments	0	0	0	0
Cash, Bank	727 000	900 000	560 000	656 000
Total Current Assets	1 469 000	1 603 000	1 100 000	1 337 000
Total Assets	1 604 000	1 710 000	1 215 000	1 461 000
Total Equity	524 000	524 000	559 000	667 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	54 000	143 000	30 000	66 000
Unpaid Taxes	213 000	220 000	164 000	213 000
Dividends	526 000	300 000	300 000	300 000
Other Current Debt	140 000	380 000	106 000	133 000
Total Current Debt	1 080 000	1 186 000	656 000	793 000
Total Equity and Debt	1 604 000	1 710 000	1 215 000	1 461 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100,38 %	96,37 %	34,35 %	42,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,12 %	17,25 %	12,03 %	14,21 %
Current Ratio	1,36	1,35	1,68	1,69
Quick Ratio	1,73	1,67	2,67	2,46
Equity Ratio	0,33	0,31	0,46	0,46
Gross Profit Margin	78,9 %	67,19 %	80,78 %	80,11 %