SMECO AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

91,07 %

Current Ratio

2,69

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	617 000	51 000	500 000
Net Income	255 000	82 000	92 000
Total Assets	446 000	237 000	191 000
Total Equity	280 000	199 000	117 000

Income (NOK)	2022	2021	2020
Revenue	617 000	51 000	500 000
Expenditure	289 000	−54 000	373 000
Operating Profit	327 000	105 000	127 000
Financial Income	0	0	0
Financial Costs	0	0	10 000
Financial Balance	0	0	−10 000
Earnings Before Tax	327 000	105 000	117 000
Tax	72 000	23 000	24 000
Net Income	255 000	82 000	92 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	446 000	237 000	191 000
Total Assets	446 000	237 000	191 000
Total Retained Equity	256 000	174 000	92 000
Total Equity	280 000	199 000	117 000
Total Long-Term Debt	0	0	0
Total Current Debt	166 000	39 000	74 000
Total Equity and Debt	446 000	237 000	191 000

Cash flow (NOK)	2022	2021	2020
Sales Income	617 000	51 000	0
Other Income	0	0	500 000
Revenue	617 000	51 000	500 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	289 000	−54 000	373 000
Operating Profit	327 000	105 000	127 000
Financial Income	0	0	0
Financial Costs	0	0	10 000
Financial Balance	0	0	−10 000
Dividends	174 000	0	0
Net Income	255 000	82 000	92 000

Balance details (NOK)	2022	2021	2020
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	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	429 000	236 000	191 000
Total Current Assets	446 000	237 000	191 000
Total Assets	446 000	237 000	191 000
Total Equity	280 000	199 000	117 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	5 000	4 000	0
Unpaid Taxes	0	0	37 000
Dividends	174 000	0	0
Other Current Debt	89 000	12 000	12 000
Total Current Debt	166 000	39 000	74 000
Total Equity and Debt	446 000	237 000	191 000

Financial indicators	2022	2021	2020
Return on Equity	91,07 %	41,21 %	78,63 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	53 %	205,88 %	25,4 %
Current Ratio	2,69	6,08	2,58
Quick Ratio	2,69	6,08	2,58
Equity Ratio	0,63	0,84	0,61
Gross Profit Margin	100 %	100 %	100 %