SMART CHOICE AS

3086 HOLMESTRAND

Finances

Return on Equity

1,73 %

Current Ratio

1,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 695 000	15 296 000	13 567 000	12 125 000
Net Income	29 000	427 000	494 000	257 000
Total Assets	5 386 000	5 002 000	3 751 000	3 528 000
Total Equity	1 676 000	1 648 000	1 221 000	727 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 695 000	15 296 000	13 567 000	12 125 000
Expenditure	15 211 000	14 759 000	13 571 000	11 788 000
Operating Profit	484 000	537 000	−4 000	337 000
Financial Income	11 000	195 000	539 000	4 000
Financial Costs	308 000	152 000	6 000	6 000
Financial Balance	−297 000	43 000	533 000	−2 000
Earnings Before Tax	187 000	581 000	529 000	335 000
Tax	158 000	154 000	36 000	77 000
Net Income	29 000	427 000	494 000	257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	840 000	605 000	864 000	757 000
Total Current Assets	4 546 000	4 397 000	2 887 000	2 771 000
Total Assets	5 386 000	5 002 000	3 751 000	3 528 000
Total Retained Equity	1 646 000	1 618 000	1 191 000	697 000
Total Equity	1 676 000	1 648 000	1 221 000	727 000
Total Long-Term Debt	0	0	11 000	20 000
Total Current Debt	3 710 000	3 354 000	2 519 000	2 782 000
Total Equity and Debt	5 386 000	5 002 000	3 751 000	3 528 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 695 000	15 296 000	69 000	339 000
Other Income	0	0	13 498 000	11 786 000
Revenue	15 695 000	15 296 000	13 567 000	12 125 000
Cost of Goods Sold	8 000	162 000	13 000	28 000
Salary Costs	13 029 000	13 230 000	12 397 000	10 984 000
Depreciation	360 000	316 000	247 000	153 000
Impairment	0	0	0	0
Expenditure	15 211 000	14 759 000	13 571 000	11 788 000
Operating Profit	484 000	537 000	−4 000	337 000
Financial Income	11 000	195 000	539 000	4 000
Financial Costs	308 000	152 000	6 000	6 000
Financial Balance	−297 000	43 000	533 000	−2 000
Dividends	0	0	0	0
Net Income	29 000	427 000	494 000	257 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	403 000	0	0	0
Fixtures	437 000	605 000	864 000	757 000
Total Tangible Assets	840 000	605 000	864 000	757 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	840 000	605 000	864 000	757 000
Stock	0	0	0	0
Total Investments	1 792 000	1 139 000	225 000	0
Cash, Bank	1 298 000	2 414 000	1 325 000	2 180 000
Total Current Assets	4 546 000	4 397 000	2 887 000	2 771 000
Total Assets	5 386 000	5 002 000	3 751 000	3 528 000
Total Equity	1 676 000	1 648 000	1 221 000	727 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	11 000	20 000
Creditors	69 000	29 000	26 000	45 000
Unpaid Taxes	1 376 000	1 337 000	1 288 000	950 000
Dividends	0	0	0	0
Other Current Debt	2 107 000	1 823 000	1 161 000	1 714 000
Total Current Debt	3 710 000	3 354 000	2 519 000	2 782 000
Total Equity and Debt	5 386 000	5 002 000	3 751 000	3 528 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,73 %	25,91 %	40,46 %	35,35 %
Debt-to-Equity Ratio	0	0	0,01	0,03
Operating Profit Margin	3,08 %	3,51 %	−0,03 %	2,78 %
Current Ratio	1,23	1,31	1,15	1
Quick Ratio	1,23	1,31	1,15	1
Equity Ratio	0,31	0,33	0,33	0,21
Gross Profit Margin	99,95 %	98,94 %	99,9 %	99,77 %