SMARTWAVES AS

1615 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

8,67 %

Current Ratio

7,48

Debt-to-Equity Ratio

−1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	163 000	176 000	167 000	226 000
Net Income	−52 000	−20 000	97 000	−785 000
Total Assets	171 000	219 000	225 000	280 000
Total Equity	−600 000	−948 000	−928 000	−1 025 000

Income (NOK)	2022	2021	2020	2019
Revenue	163 000	176 000	167 000	226 000
Expenditure	169 000	158 000	60 000	1 012 000
Operating Profit	−7 000	18 000	107 000	−785 000
Financial Income	0	1 000	0	0
Financial Costs	46 000	39 000	10 000	0
Financial Balance	−46 000	−38 000	−10 000	0
Earnings Before Tax	−52 000	−20 000	97 000	−785 000
Tax	0	0	0	0
Net Income	−52 000	−20 000	97 000	−785 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	18 000	0	0
Total Current Assets	157 000	201 000	225 000	280 000
Total Assets	171 000	219 000	225 000	280 000
Total Retained Equity	−1 042 000	−990 000	−970 000	−1 067 000
Total Equity	−600 000	−948 000	−928 000	−1 025 000
Total Long-Term Debt	750 000	1 150 000	1 145 000	1 145 000
Total Current Debt	21 000	17 000	8 000	161 000
Total Equity and Debt	171 000	219 000	225 000	280 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	163 000	176 000	167 000	226 000
Other Income	0	0	0	0
Revenue	163 000	176 000	167 000	226 000
Cost of Goods Sold	3 000	11 000	8 000	13 000
Salary Costs	115 000	102 000	2 000	937 000
Depreciation	4 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	169 000	158 000	60 000	1 012 000
Operating Profit	−7 000	18 000	107 000	−785 000
Financial Income	0	1 000	0	0
Financial Costs	46 000	39 000	10 000	0
Financial Balance	−46 000	−38 000	−10 000	0
Dividends	0	0	0	0
Net Income	−52 000	−20 000	97 000	−785 000

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	0	0	0	0
Fixtures	14 000	18 000	0	0
Total Tangible Assets	14 000	18 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	18 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	157 000	201 000	225 000	263 000
Total Current Assets	157 000	201 000	225 000	280 000
Total Assets	171 000	219 000	225 000	280 000
Total Equity	−600 000	−948 000	−928 000	−1 025 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	750 000	1 150 000	1 145 000	1 145 000
Creditors	0	2 000	2 000	0
Unpaid Taxes	5 000	2 000	6 000	62 000
Dividends	0	0	0	0
Other Current Debt	17 000	13 000	0	98 000
Total Current Debt	21 000	17 000	8 000	161 000
Total Equity and Debt	171 000	219 000	225 000	280 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,67 %	2,11 %	−10,45 %	76,59 %
Debt-to-Equity Ratio	−1,25	−1,21	−1,23	−1,12
Operating Profit Margin	−4,29 %	10,23 %	64,07 %	−347,35 %
Current Ratio	7,48	11,82	28,13	1,74
Quick Ratio	7,48	11,82	28,13	1,74
Equity Ratio	−3,51	−4,33	−4,12	−3,66
Gross Profit Margin	98,16 %	93,75 %	95,21 %	94,25 %