SMART PACKAGING INDUSTRIES HOLDING AS

0283 OSLO

Finances

Return on Equity

−128,33 %

Current Ratio

0,05

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2021	2020	2019	2018
Revenue	50 000	75 000	0	105 000
Net Income	−5 150 000	−9 660 000	−6 813 000	−4 098 000
Total Assets	9 409 000	8 888 000	7 774 000	7 858 000
Total Equity	4 013 000	493 000	−2 853 000	−342 000

Income (NOK)	2021	2020	2019	2018
Revenue	50 000	75 000	0	105 000
Expenditure	501 000	1 161 000	664 000	1 355 000
Operating Profit	−451 000	−1 086 000	−664 000	−1 250 000
Financial Income	0	0	0	0
Financial Costs	4 699 000	8 574 000	6 149 000	2 848 000
Financial Balance	−4 699 000	−8 574 000	−6 149 000	−2 848 000
Earnings Before Tax	−5 150 000	−9 660 000	−6 813 000	−4 098 000
Tax	0	0	0	0
Net Income	−5 150 000	−9 660 000	−6 813 000	−4 098 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	9 123 000	8 365 000	7 677 000	7 206 000
Total Current Assets	285 000	523 000	97 000	652 000
Total Assets	9 409 000	8 888 000	7 774 000	7 858 000
Total Retained Equity	−25 739 000	−20 589 000	−10 928 000	−4 115 000
Total Equity	4 013 000	493 000	−2 853 000	−342 000
Total Long-Term Debt	46 000	1 046 000	1 110 000	110 000
Total Current Debt	5 349 000	7 349 000	9 518 000	8 090 000
Total Equity and Debt	9 409 000	8 888 000	7 774 000	7 858 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	50 000	75 000	0	105 000
Other Income	0	0	0	0
Revenue	50 000	75 000	0	105 000
Cost of Goods Sold	10 000	142 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	501 000	1 161 000	664 000	1 355 000
Operating Profit	−451 000	−1 086 000	−664 000	−1 250 000
Financial Income	0	0	0	0
Financial Costs	4 699 000	8 574 000	6 149 000	2 848 000
Financial Balance	−4 699 000	−8 574 000	−6 149 000	−2 848 000
Dividends	0	0	0	0
Net Income	−5 150 000	−9 660 000	−6 813 000	−4 098 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	9 043 000	8 285 000	7 597 000	7 126 000
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	80 000	80 000	80 000	80 000
Total Fixed Assets	9 123 000	8 365 000	7 677 000	7 206 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 000	100 000	4 000	426 000
Total Current Assets	285 000	523 000	97 000	652 000
Total Assets	9 409 000	8 888 000	7 774 000	7 858 000
Total Equity	4 013 000	493 000	−2 853 000	−342 000
Short-Term Group Debt	95 000	95 000	95 000	80 000
Total Long-Term Debt	46 000	1 046 000	1 110 000	110 000
Creditors	1 398 000	1 937 000	1 593 000	3 358 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 856 000	5 317 000	7 830 000	4 652 000
Total Current Debt	5 349 000	7 349 000	9 518 000	8 090 000
Total Equity and Debt	9 409 000	8 888 000	7 774 000	7 858 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−128,33 %	−1 959,43 %	238,8 %	1 198,25 %
Debt-to-Equity Ratio	0,01	2,12	−0,39	−0,32
Operating Profit Margin	−902 %	−1 448 %	-	−1 190,48 %
Current Ratio	0,05	0,07	0,01	0,08
Quick Ratio	0,05	0,07	0,01	0,08
Equity Ratio	0,43	0,06	−0,37	−0,04
Gross Profit Margin	80 %	−89,33 %	-	100 %