SMITH SADDLE COMPANY AS

4336 SANDNES

Finances

Share Ownership

Return on Equity

−14,77 %

Current Ratio

1,86

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 265 000	8 022 000	7 573 000	5 264 000
Net Income	−197 000	740 000	−23 000	397 000
Total Assets	2 323 000	2 748 000	2 548 000	1 671 000
Total Equity	1 334 000	1 531 000	791 000	814 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 265 000	8 022 000	7 573 000	5 264 000
Expenditure	7 432 000	7 026 000	7 612 000	4 773 000
Operating Profit	−166 000	997 000	−39 000	491 000
Financial Income	32 000	39 000	11 000	0
Financial Costs	63 000	83 000	39 000	9 000
Financial Balance	−31 000	−44 000	−28 000	−9 000
Earnings Before Tax	−197 000	953 000	−67 000	482 000
Tax	0	213 000	−44 000	85 000
Net Income	−197 000	740 000	−23 000	397 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	849 000	917 000	1 003 000	704 000
Total Current Assets	1 474 000	1 831 000	1 545 000	967 000
Total Assets	2 323 000	2 748 000	2 548 000	1 671 000
Total Retained Equity	1 304 000	1 501 000	761 000	784 000
Total Equity	1 334 000	1 531 000	791 000	814 000
Total Long-Term Debt	195 000	268 000	338 000	88 000
Total Current Debt	794 000	950 000	1 420 000	769 000
Total Equity and Debt	2 323 000	2 748 000	2 548 000	1 671 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 265 000	8 022 000	7 539 000	5 264 000
Other Income	0	0	34 000	0
Revenue	7 265 000	8 022 000	7 573 000	5 264 000
Cost of Goods Sold	2 953 000	2 841 000	3 775 000	2 643 000
Salary Costs	2 580 000	2 455 000	1 910 000	811 000
Depreciation	129 000	134 000	121 000	41 000
Impairment	0	0	0	0
Expenditure	7 432 000	7 026 000	7 612 000	4 773 000
Operating Profit	−166 000	997 000	−39 000	491 000
Financial Income	32 000	39 000	11 000	0
Financial Costs	63 000	83 000	39 000	9 000
Financial Balance	−31 000	−44 000	−28 000	−9 000
Dividends	0	0	0	0
Net Income	−197 000	740 000	−23 000	397 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	821 000	917 000	1 003 000	677 000
Total Tangible Assets	821 000	917 000	1 003 000	677 000
Total Fiancial Fixed Assets	0	0	0	27 000
Total Fixed Assets	849 000	917 000	1 003 000	704 000
Stock	913 000	1 281 000	446 000	596 000
Total Investments	0	0	0	0
Cash, Bank	410 000	329 000	604 000	203 000
Total Current Assets	1 474 000	1 831 000	1 545 000	967 000
Total Assets	2 323 000	2 748 000	2 548 000	1 671 000
Total Equity	1 334 000	1 531 000	791 000	814 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	195 000	268 000	338 000	88 000
Creditors	59 000	180 000	88 000	17 000
Unpaid Taxes	474 000	309 000	677 000	418 000
Dividends	0	0	0	0
Other Current Debt	262 000	248 000	599 000	117 000
Total Current Debt	794 000	950 000	1 420 000	769 000
Total Equity and Debt	2 323 000	2 748 000	2 548 000	1 671 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,77 %	48,33 %	−2,91 %	48,77 %
Debt-to-Equity Ratio	0,15	0,18	0,43	0,11
Operating Profit Margin	−2,28 %	12,43 %	−0,51 %	9,33 %
Current Ratio	1,86	1,93	1,09	1,26
Quick Ratio	−12,39	−5,53	1,59	5,59
Equity Ratio	0,57	0,56	0,31	0,49
Gross Profit Margin	59,35 %	64,58 %	50,15 %	49,79 %