SMART ENERGY SYSTEMS AS

1610 FREDRIKSTAD

Finances

Return on Equity

−16,11 %

Current Ratio

1,94

Debt-to-Equity Ratio

0,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 566 000	1 765 000	760 000	0
Net Income	−900 000	−3 891 000	−1 376 000	0
Total Assets	17 302 000	4 371 000	4 683 000	408 000
Total Equity	5 586 000	1 089 000	2 979 000	400 000

Income (NOK)	2022	2021	2020
Revenue	38 566 000	1 765 000	760 000
Expenditure	40 788 000	5 372 000	2 143 000
Operating Profit	−2 222 000	−3 607 000	−1 383 000
Financial Income	2 182 000	3 000	28 000
Financial Costs	859 000	286 000	20 000
Financial Balance	1 323 000	−283 000	8 000
Earnings Before Tax	−900 000	−3 891 000	−1 376 000
Tax	0	0	0
Net Income	−900 000	−3 891 000	−1 376 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 248 000	970 000	350 000	0
Total Current Assets	16 055 000	3 401 000	4 333 000	408 000
Total Assets	17 302 000	4 371 000	4 683 000	408 000
Total Retained Equity	−6 166 000	−5 266 000	−1 376 000	0
Total Equity	5 586 000	1 089 000	2 979 000	400 000
Total Long-Term Debt	3 423 000	2 238 000	231 000	0
Total Current Debt	8 293 000	1 044 000	1 473 000	8 000
Total Equity and Debt	17 302 000	4 371 000	4 683 000	408 000

Cash flow (NOK)	2022	2021	2020
Sales Income	37 983 000	1 555 000	360 000
Other Income	583 000	210 000	400 000
Revenue	38 566 000	1 765 000	760 000
Cost of Goods Sold	32 349 000	1 425 000	609 000
Salary Costs	4 398 000	2 400 000	998 000
Depreciation	258 000	126 000	0
Impairment	0	0	0
Expenditure	40 788 000	5 372 000	2 143 000
Operating Profit	−2 222 000	−3 607 000	−1 383 000
Financial Income	2 182 000	3 000	28 000
Financial Costs	859 000	286 000	20 000
Financial Balance	1 323 000	−283 000	8 000
Dividends	0	0	0
Net Income	−900 000	−3 891 000	−1 376 000

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	954 000	628 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	954 000	628 000	0	0
Total Fiancial Fixed Assets	294 000	342 000	350 000	0
Total Fixed Assets	1 248 000	970 000	350 000	0
Stock	2 907 000	1 307 000	1 720 000	0
Total Investments	0	0	0	0
Cash, Bank	183 000	104 000	22 000	408 000
Total Current Assets	16 055 000	3 401 000	4 333 000	408 000
Total Assets	17 302 000	4 371 000	4 683 000	408 000
Total Equity	5 586 000	1 089 000	2 979 000	400 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 423 000	2 238 000	231 000	0
Creditors	1 659 000	392 000	273 000	2 000
Unpaid Taxes	3 551 000	243 000	143 000	0
Dividends	0	0	0	0
Other Current Debt	1 566 000	205 000	101 000	6 000
Total Current Debt	8 293 000	1 044 000	1 473 000	8 000
Total Equity and Debt	17 302 000	4 371 000	4 683 000	408 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,11 %	−357,3 %	−46,19 %	0 %
Debt-to-Equity Ratio	0,61	2,06	0,08	0
Operating Profit Margin	−5,76 %	−204,36 %	−181,97 %	-
Current Ratio	1,94	3,26	2,94	51
Quick Ratio	2,98	−12,93	−17,54	51
Equity Ratio	0,32	0,25	0,64	0,98
Gross Profit Margin	16,12 %	19,26 %	19,87 %	-