SM RØRSERVICE AS

6014 ÅLESUND

Finances

Return on Equity

22,43 %

Current Ratio

7,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	613 000	1 081 000	756 000	710 000
Net Income	203 000	217 000	−36 000	128 000
Total Assets	1 043 000	870 000	691 000	658 000
Total Equity	905 000	703 000	527 000	563 000

Income (NOK)	2022	2021	2020	2019
Revenue	613 000	1 081 000	756 000	710 000
Expenditure	525 000	921 000	633 000	576 000
Operating Profit	87 000	160 000	123 000	155 000
Financial Income	181 000	121 000	31 000	11 000
Financial Costs	0	1 000	143 000	1 000
Financial Balance	181 000	120 000	−112 000	10 000
Earnings Before Tax	268 000	280 000	11 000	164 000
Tax	65 000	63 000	47 000	37 000
Net Income	203 000	217 000	−36 000	128 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	24 000	0
Total Current Assets	1 043 000	870 000	667 000	658 000
Total Assets	1 043 000	870 000	691 000	658 000
Total Retained Equity	875 000	673 000	497 000	533 000
Total Equity	905 000	703 000	527 000	563 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	137 000	168 000	164 000	95 000
Total Equity and Debt	1 043 000	870 000	691 000	658 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	613 000	1 081 000	756 000	710 000
Other Income	0	0	0	0
Revenue	613 000	1 081 000	756 000	710 000
Cost of Goods Sold	394 000	802 000	508 000	440 000
Salary Costs	0	2 000	4 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	525 000	921 000	633 000	576 000
Operating Profit	87 000	160 000	123 000	155 000
Financial Income	181 000	121 000	31 000	11 000
Financial Costs	0	1 000	143 000	1 000
Financial Balance	181 000	120 000	−112 000	10 000
Dividends	0	0	0	0
Net Income	203 000	217 000	−36 000	128 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	23 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	1 000	0
Total Tangible Assets	0	0	1 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	24 000	0
Stock	43 000	61 000	79 000	107 000
Total Investments	617 000	525 000	401 000	473 000
Cash, Bank	357 000	283 000	146 000	76 000
Total Current Assets	1 043 000	870 000	667 000	658 000
Total Assets	1 043 000	870 000	691 000	658 000
Total Equity	905 000	703 000	527 000	563 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	23 000	40 000	48 000	37 000
Unpaid Taxes	49 000	65 000	59 000	50 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	137 000	168 000	164 000	95 000
Total Equity and Debt	1 043 000	870 000	691 000	658 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,43 %	30,87 %	−6,83 %	22,74 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,19 %	14,8 %	16,27 %	21,83 %
Current Ratio	7,61	5,18	4,07	6,93
Quick Ratio	11,1	8,13	7,85	−54,83
Equity Ratio	0,87	0,81	0,76	0,86
Gross Profit Margin	35,73 %	25,81 %	32,8 %	38,03 %