SMITEK AS

2850 LENA

Finances

Share Ownership

Return on Equity

65,81 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	33 124 000	18 624 000	13 406 000	17 948 000
Net Income	2 443 000	637 000	162 000	346 000
Total Assets	8 910 000	7 384 000	5 143 000	5 519 000
Total Equity	3 712 000	2 969 000	2 332 000	2 170 000

Income (NOK)	2022	2021	2020	2019
Revenue	33 124 000	18 624 000	13 406 000	17 948 000
Expenditure	29 984 000	17 979 000	13 155 000	17 423 000
Operating Profit	3 140 000	645 000	251 000	524 000
Financial Income	0	150 000	1 000	1 000
Financial Costs	8 000	26 000	38 000	80 000
Financial Balance	−8 000	124 000	−37 000	−79 000
Earnings Before Tax	3 132 000	769 000	214 000	445 000
Tax	690 000	132 000	51 000	99 000
Net Income	2 443 000	637 000	162 000	346 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 943 000	1 113 000	845 000	864 000
Total Current Assets	6 967 000	6 271 000	4 298 000	4 656 000
Total Assets	8 910 000	7 384 000	5 143 000	5 519 000
Total Retained Equity	3 312 000	2 569 000	1 932 000	1 770 000
Total Equity	3 712 000	2 969 000	2 332 000	2 170 000
Total Long-Term Debt	5 000	519 000	667 000	828 000
Total Current Debt	5 193 000	3 896 000	2 144 000	2 521 000
Total Equity and Debt	8 910 000	7 384 000	5 143 000	5 519 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 089 000	17 910 000	13 406 000	17 948 000
Other Income	35 000	714 000	0	0
Revenue	33 124 000	18 624 000	13 406 000	17 948 000
Cost of Goods Sold	18 709 000	8 983 000	6 171 000	10 348 000
Salary Costs	7 277 000	5 527 000	4 420 000	4 733 000
Depreciation	275 000	193 000	174 000	168 000
Impairment	0	0	0	0
Expenditure	29 984 000	17 979 000	13 155 000	17 423 000
Operating Profit	3 140 000	645 000	251 000	524 000
Financial Income	0	150 000	1 000	1 000
Financial Costs	8 000	26 000	38 000	80 000
Financial Balance	−8 000	124 000	−37 000	−79 000
Dividends	500 000	0	0	0
Net Income	2 443 000	637 000	162 000	346 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	28 000	40 000	53 000	66 000
Total Intangible Assets	28 000	40 000	53 000	66 000
Real Eastate	738 000	0	0	0
Machinery and Plant Facilities	768 000	563 000	367 000	448 000
Fixtures	279 000	363 000	125 000	46 000
Total Tangible Assets	1 785 000	926 000	492 000	494 000
Total Fiancial Fixed Assets	131 000	147 000	300 000	305 000
Total Fixed Assets	1 943 000	1 113 000	845 000	864 000
Stock	439 000	411 000	407 000	1 267 000
Total Investments	0	0	0	0
Cash, Bank	1 299 000	1 970 000	1 231 000	934 000
Total Current Assets	6 967 000	6 271 000	4 298 000	4 656 000
Total Assets	8 910 000	7 384 000	5 143 000	5 519 000
Total Equity	3 712 000	2 969 000	2 332 000	2 170 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	519 000	667 000	828 000
Creditors	1 634 000	1 313 000	645 000	1 385 000
Unpaid Taxes	1 245 000	1 281 000	677 000	508 000
Dividends	500 000	0	0	0
Other Current Debt	1 117 000	1 182 000	769 000	531 000
Total Current Debt	5 193 000	3 896 000	2 144 000	2 521 000
Total Equity and Debt	8 910 000	7 384 000	5 143 000	5 519 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,81 %	21,46 %	6,95 %	15,94 %
Debt-to-Equity Ratio	0	0,17	0,29	0,38
Operating Profit Margin	9,48 %	3,46 %	1,87 %	2,92 %
Current Ratio	1,34	1,61	2	1,85
Quick Ratio	1,47	1,8	2,47	3,71
Equity Ratio	0,42	0,4	0,45	0,39
Gross Profit Margin	43,52 %	51,77 %	53,97 %	42,34 %