SMARTWAYS AS

1481 HAGAN

Finances

Share Ownership

Return on Equity

111,15 %

Current Ratio

0,58

Debt-to-Equity Ratio

−3,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 468 000	4 153 000	3 175 000	713 000
Net Income	−299 000	65 000	−98 000	303 000
Total Assets	1 757 000	1 274 000	467 000	348 000
Total Equity	−269 000	30 000	24 000	365 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 468 000	4 153 000	3 175 000	713 000
Expenditure	3 714 000	4 000 000	3 341 000	337 000
Operating Profit	−246 000	153 000	−167 000	377 000
Financial Income	0	0	0	0
Financial Costs	24 000	21 000	5 000	0
Financial Balance	−24 000	−21 000	−5 000	0
Earnings Before Tax	−270 000	132 000	−172 000	377 000
Tax	29 000	67 000	−74 000	73 000
Net Income	−299 000	65 000	−98 000	303 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 093 000	823 000	365 000	297 000
Total Current Assets	664 000	451 000	103 000	51 000
Total Assets	1 757 000	1 274 000	467 000	348 000
Total Retained Equity	−294 000	6 000	0	341 000
Total Equity	−269 000	30 000	24 000	365 000
Total Long-Term Debt	885 000	219 000	0	7 000
Total Current Debt	1 142 000	1 025 000	443 000	−25 000
Total Equity and Debt	1 757 000	1 274 000	467 000	348 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 468 000	4 113 000	3 175 000	713 000
Other Income	0	40 000	0	0
Revenue	3 468 000	4 153 000	3 175 000	713 000
Cost of Goods Sold	0	112 000	89 000	0
Salary Costs	1 952 000	2 177 000	2 347 000	125 000
Depreciation	186 000	137 000	69 000	20 000
Impairment	15 000	0	0	0
Expenditure	3 714 000	4 000 000	3 341 000	337 000
Operating Profit	−246 000	153 000	−167 000	377 000
Financial Income	0	0	0	0
Financial Costs	24 000	21 000	5 000	0
Financial Balance	−24 000	−21 000	−5 000	0
Dividends	0	59 000	243 000	0
Net Income	−299 000	65 000	−98 000	303 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	11 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 048 000	544 000	341 000	297 000
Total Tangible Assets	1 048 000	544 000	341 000	297 000
Total Fiancial Fixed Assets	45 000	269 000	24 000	0
Total Fixed Assets	1 093 000	823 000	365 000	297 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	76 000	53 000	27 000	25 000
Total Current Assets	664 000	451 000	103 000	51 000
Total Assets	1 757 000	1 274 000	467 000	348 000
Total Equity	−269 000	30 000	24 000	365 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	885 000	219 000	0	7 000
Creditors	103 000	106 000	89 000	7 000
Unpaid Taxes	346 000	240 000	319 000	113 000
Dividends	0	59 000	243 000	0
Other Current Debt	692 000	543 000	−208 000	−221 000
Total Current Debt	1 142 000	1 025 000	443 000	−25 000
Total Equity and Debt	1 757 000	1 274 000	467 000	348 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,15 %	216,67 %	−408,33 %	83,01 %
Debt-to-Equity Ratio	−3,29	7,3	0	0,02
Operating Profit Margin	−7,09 %	3,68 %	−5,26 %	52,88 %
Current Ratio	0,58	0,44	0,23	−2,04
Quick Ratio	0,58	0,44	0,23	−2,04
Equity Ratio	−0,15	0,02	0,05	1,05
Gross Profit Margin	100 %	97,3 %	97,2 %	100 %