SMEC INVEST AS

4022 STAVANGER

Finances

Return on Equity

72,23 %

Current Ratio

2,47

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019
Revenue	2 401 000	479 000	99 000
Net Income	999 000	293 000	62 000
Total Assets	1 557 000	426 000	92 000
Total Equity	1 383 000	385 000	92 000

Income (NOK)	2021	2020	2019
Revenue	2 401 000	479 000	99 000
Expenditure	1 058 000	71 000	13 000
Operating Profit	1 343 000	408 000	86 000
Financial Income	46 000	1 000	0
Financial Costs	2 000	1 000	0
Financial Balance	44 000	0	0
Earnings Before Tax	1 387 000	407 000	86 000
Tax	388 000	114 000	24 000
Net Income	999 000	293 000	62 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	1 127 000	0	0
Total Current Assets	430 000	426 000	92 000
Total Assets	1 557 000	426 000	92 000
Total Retained Equity	999 000	293 000	62 000
Total Equity	1 383 000	385 000	92 000
Total Long-Term Debt	0	0	0
Total Current Debt	174 000	41 000	0
Total Equity and Debt	1 557 000	426 000	92 000

Cash flow (NOK)	2021	2020	2019
Sales Income	2 401 000	479 000	99 000
Other Income	0	0	0
Revenue	2 401 000	479 000	99 000
Cost of Goods Sold	411 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 058 000	71 000	13 000
Operating Profit	1 343 000	408 000	86 000
Financial Income	46 000	1 000	0
Financial Costs	2 000	1 000	0
Financial Balance	44 000	0	0
Dividends	0	0	0
Net Income	999 000	293 000	62 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	1 127 000	0	0
Total Fixed Assets	1 127 000	0	0
Stock	0	171 000	0
Total Investments	0	0	0
Cash, Bank	140 000	80 000	89 000
Total Current Assets	430 000	426 000	92 000
Total Assets	1 557 000	426 000	92 000
Total Equity	1 383 000	385 000	92 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	1 000	0
Unpaid Taxes	174 000	39 000	0
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	174 000	41 000	0
Total Equity and Debt	1 557 000	426 000	92 000

Financial indicators	2021	2020	2019
Return on Equity	72,23 %	76,1 %	67,39 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	55,94 %	85,18 %	86,87 %
Current Ratio	2,47	10,39	-
Quick Ratio	2,47	−3,28	-
Equity Ratio	0,89	0,9	1
Gross Profit Margin	82,88 %	100 %	100 %