SMART SEA SYSTEM AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

0,18 %

Current Ratio

5,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 305 000	1 667 000	1 434 000	1 644 000
Net Income	3 000	465 000	233 000	9 000
Total Assets	1 972 000	1 842 000	1 401 000	1 135 000
Total Equity	1 637 000	1 634 000	1 169 000	936 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 305 000	1 667 000	1 434 000	1 644 000
Expenditure	1 321 000	1 205 000	1 210 000	1 640 000
Operating Profit	−16 000	461 000	223 000	5 000
Financial Income	19 000	4 000	10 000	4 000
Financial Costs	0	0	0	0
Financial Balance	19 000	4 000	10 000	4 000
Earnings Before Tax	3 000	465 000	233 000	9 000
Tax	0	0	0	0
Net Income	3 000	465 000	233 000	9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	117 000	187 000	257 000	327 000
Total Current Assets	1 855 000	1 655 000	1 145 000	808 000
Total Assets	1 972 000	1 842 000	1 401 000	1 135 000
Total Retained Equity	1 537 000	1 534 000	1 069 000	836 000
Total Equity	1 637 000	1 634 000	1 169 000	936 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	334 000	208 000	232 000	199 000
Total Equity and Debt	1 972 000	1 842 000	1 401 000	1 135 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 305 000	1 667 000	1 434 000	1 644 000
Other Income	0	0	0	0
Revenue	1 305 000	1 667 000	1 434 000	1 644 000
Cost of Goods Sold	0	13 000	26 000	2 000
Salary Costs	761 000	663 000	583 000	665 000
Depreciation	70 000	70 000	70 000	23 000
Impairment	0	0	0	0
Expenditure	1 321 000	1 205 000	1 210 000	1 640 000
Operating Profit	−16 000	461 000	223 000	5 000
Financial Income	19 000	4 000	10 000	4 000
Financial Costs	0	0	0	0
Financial Balance	19 000	4 000	10 000	4 000
Dividends	0	0	0	0
Net Income	3 000	465 000	233 000	9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	117 000	187 000	257 000	327 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	117 000	187 000	257 000	327 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 461 000	1 286 000	820 000	424 000
Total Current Assets	1 855 000	1 655 000	1 145 000	808 000
Total Assets	1 972 000	1 842 000	1 401 000	1 135 000
Total Equity	1 637 000	1 634 000	1 169 000	936 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	66 000	13 000	29 000	60 000
Unpaid Taxes	107 000	100 000	65 000	73 000
Dividends	0	0	0	0
Other Current Debt	161 000	95 000	139 000	66 000
Total Current Debt	334 000	208 000	232 000	199 000
Total Equity and Debt	1 972 000	1 842 000	1 401 000	1 135 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,18 %	28,46 %	19,93 %	0,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,23 %	27,65 %	15,55 %	0,3 %
Current Ratio	5,55	7,96	4,94	4,06
Quick Ratio	5,55	7,96	4,94	4,06
Equity Ratio	0,83	0,89	0,83	0,82
Gross Profit Margin	100 %	99,22 %	98,19 %	99,88 %