SMARTORG AS

4841 ARENDAL

Finances

Share Ownership

Return on Equity

−101,57 %

Current Ratio

4,22

Debt-to-Equity Ratio

1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	477 000	106 000	236 000	222 000
Net Income	−1 873 000	−1 631 000	15 000	34 000
Total Assets	4 562 000	2 730 000	2 168 000	271 000
Total Equity	1 844 000	367 000	920 000	175 000

Income (NOK)	2022	2021	2020	2019
Revenue	477 000	106 000	236 000	222 000
Expenditure	2 349 000	1 732 000	211 000	183 000
Operating Profit	−1 872 000	−1 627 000	25 000	39 000
Financial Income	16 000	2 000	1 000	0
Financial Costs	17 000	6 000	7 000	0
Financial Balance	−1 000	−4 000	−6 000	0
Earnings Before Tax	−1 873 000	−1 631 000	19 000	39 000
Tax	0	0	4 000	5 000
Net Income	−1 873 000	−1 631 000	15 000	34 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 111 000	1 002 000	645 000	89 000
Total Current Assets	3 452 000	1 728 000	1 523 000	182 000
Total Assets	4 562 000	2 730 000	2 168 000	271 000
Total Retained Equity	−3 464 000	−1 591 000	40 000	25 000
Total Equity	1 844 000	367 000	920 000	175 000
Total Long-Term Debt	1 900 000	1 900 000	880 000	0
Total Current Debt	818 000	463 000	368 000	96 000
Total Equity and Debt	4 562 000	2 730 000	2 168 000	271 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	477 000	106 000	36 000	22 000
Other Income	0	0	200 000	200 000
Revenue	477 000	106 000	236 000	222 000
Cost of Goods Sold	208 000	29 000	0	0
Salary Costs	993 000	1 060 000	70 000	3 000
Depreciation	494 000	338 000	0	3 000
Impairment	0	0	0	0
Expenditure	2 349 000	1 732 000	211 000	183 000
Operating Profit	−1 872 000	−1 627 000	25 000	39 000
Financial Income	16 000	2 000	1 000	0
Financial Costs	17 000	6 000	7 000	0
Financial Balance	−1 000	−4 000	−6 000	0
Dividends	0	0	0	0
Net Income	−1 873 000	−1 631 000	15 000	34 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 111 000	1 002 000	645 000	89 000
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	1 111 000	1 002 000	645 000	89 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 792 000	1 272 000	1 192 000	97 000
Total Current Assets	3 452 000	1 728 000	1 523 000	182 000
Total Assets	4 562 000	2 730 000	2 168 000	271 000
Total Equity	1 844 000	367 000	920 000	175 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 900 000	1 900 000	880 000	0
Creditors	170 000	70 000	107 000	0
Unpaid Taxes	92 000	44 000	18 000	0
Dividends	0	0	0	0
Other Current Debt	556 000	348 000	243 000	91 000
Total Current Debt	818 000	463 000	368 000	96 000
Total Equity and Debt	4 562 000	2 730 000	2 168 000	271 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−101,57 %	−444,41 %	1,63 %	19,43 %
Debt-to-Equity Ratio	1,03	5,18	0,96	0
Operating Profit Margin	−392,45 %	−1 534,91 %	10,59 %	17,57 %
Current Ratio	4,22	3,73	4,14	1,9
Quick Ratio	4,22	3,73	4,14	1,9
Equity Ratio	0,4	0,13	0,42	0,65
Gross Profit Margin	56,39 %	72,64 %	100 %	100 %