SMART OCEAN AS

4876 GRIMSTAD

Finances

Return on Equity

−36 %

Current Ratio

2,74

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 682 000	7 441 000	320 000	526 000
Net Income	−16 047 000	−7 005 000	−1 245 000	−1 408 000
Total Assets	61 646 000	35 486 000	28 139 000	12 242 000
Total Equity	44 570 000	18 740 000	4 946 000	3 117 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 682 000	7 441 000	320 000	526 000
Expenditure	29 812 000	15 494 000	1 677 000	2 190 000
Operating Profit	−19 909 000	−8 054 000	−1 358 000	−1 663 000
Financial Income	53 000	53 000	0	0
Financial Costs	784 000	999 000	238 000	138 000
Financial Balance	−731 000	−946 000	−238 000	−138 000
Earnings Before Tax	−20 640 000	−9 000 000	−1 595 000	−1 800 000
Tax	−4 593 000	−1 995 000	−350 000	−393 000
Net Income	−16 047 000	−7 005 000	−1 245 000	−1 408 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 822 000	16 001 000	8 750 000	7 949 000
Total Current Assets	34 824 000	19 485 000	19 389 000	4 293 000
Total Assets	61 646 000	35 486 000	28 139 000	12 242 000
Total Retained Equity	0	0	0	0
Total Equity	44 570 000	18 740 000	4 946 000	3 117 000
Total Long-Term Debt	4 374 000	4 077 000	1 515 000	3 500 000
Total Current Debt	12 703 000	12 669 000	21 678 000	5 625 000
Total Equity and Debt	61 646 000	35 486 000	28 139 000	12 242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 887 000	6 248 000	320 000	526 000
Other Income	2 795 000	1 193 000	0	0
Revenue	9 682 000	7 441 000	320 000	526 000
Cost of Goods Sold	9 408 000	5 445 000	226 000	436 000
Salary Costs	6 455 000	2 111 000	422 000	866 000
Depreciation	2 809 000	1 998 000	36 000	18 000
Impairment	0	0	0	0
Expenditure	29 812 000	15 494 000	1 677 000	2 190 000
Operating Profit	−19 909 000	−8 054 000	−1 358 000	−1 663 000
Financial Income	53 000	53 000	0	0
Financial Costs	784 000	999 000	238 000	138 000
Financial Balance	−731 000	−946 000	−238 000	−138 000
Dividends	0	0	0	0
Net Income	−16 047 000	−7 005 000	−1 245 000	−1 408 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 280 000	11 592 000	8 468 000	7 877 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 179 000	500 000	0	0
Fixtures	3 314 000	3 859 000	232 000	22 000
Total Tangible Assets	4 493 000	4 359 000	232 000	22 000
Total Fiancial Fixed Assets	50 000	50 000	50 000	50 000
Total Fixed Assets	26 822 000	16 001 000	8 750 000	7 949 000
Stock	501 000	3 647 000	1 015 000	0
Total Investments	0	0	0	0
Cash, Bank	9 530 000	12 832 000	17 651 000	3 408 000
Total Current Assets	34 824 000	19 485 000	19 389 000	4 293 000
Total Assets	61 646 000	35 486 000	28 139 000	12 242 000
Total Equity	44 570 000	18 740 000	4 946 000	3 117 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 374 000	4 077 000	1 515 000	3 500 000
Creditors	5 869 000	3 620 000	1 909 000	2 071 000
Unpaid Taxes	1 099 000	626 000	295 000	248 000
Dividends	0	0	0	0
Other Current Debt	5 134 000	8 423 000	12 474 000	3 307 000
Total Current Debt	12 703 000	12 669 000	21 678 000	5 625 000
Total Equity and Debt	61 646 000	35 486 000	28 139 000	12 242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−36 %	−37,38 %	−25,17 %	−45,17 %
Debt-to-Equity Ratio	0,1	0,22	0,31	1,12
Operating Profit Margin	−205,63 %	−108,24 %	−424,38 %	−316,16 %
Current Ratio	2,74	1,54	0,89	0,76
Quick Ratio	2,85	2,16	0,94	0,76
Equity Ratio	0,72	0,53	0,18	0,25
Gross Profit Margin	2,83 %	26,82 %	29,38 %	17,11 %