SMESTAD & VANGSØY RØRSERVICE AS

0576 OSLO

Finances

Return on Equity

−1,28 %

Current Ratio

2,12

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 627 000	14 602 000	15 551 000	14 237 000
Net Income	−34 000	220 000	1 135 000	530 000
Total Assets	4 759 000	5 282 000	5 679 000	4 763 000
Total Equity	2 650 000	2 684 000	3 064 000	2 129 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 627 000	14 602 000	15 551 000	14 237 000
Expenditure	12 688 000	14 490 000	14 128 000	13 603 000
Operating Profit	−62 000	113 000	1 423 000	634 000
Financial Income	31 000	150 000	32 000	49 000
Financial Costs	11 000	12 000	0	0
Financial Balance	20 000	138 000	32 000	49 000
Earnings Before Tax	−42 000	251 000	1 455 000	683 000
Tax	−9 000	31 000	320 000	153 000
Net Income	−34 000	220 000	1 135 000	530 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	646 000	759 000	324 000	207 000
Total Current Assets	4 113 000	4 522 000	5 355 000	4 556 000
Total Assets	4 759 000	5 282 000	5 679 000	4 763 000
Total Retained Equity	2 597 000	2 631 000	3 011 000	2 076 000
Total Equity	2 650 000	2 684 000	3 064 000	2 129 000
Total Long-Term Debt	173 000	225 000	0	0
Total Current Debt	1 936 000	2 373 000	2 615 000	2 634 000
Total Equity and Debt	4 759 000	5 282 000	5 679 000	4 763 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 464 000	14 516 000	15 533 000	14 237 000
Other Income	163 000	85 000	18 000	0
Revenue	12 627 000	14 602 000	15 551 000	14 237 000
Cost of Goods Sold	5 181 000	6 607 000	6 002 000	5 959 000
Salary Costs	5 590 000	5 707 000	5 906 000	5 815 000
Depreciation	172 000	89 000	77 000	51 000
Impairment	0	0	0	0
Expenditure	12 688 000	14 490 000	14 128 000	13 603 000
Operating Profit	−62 000	113 000	1 423 000	634 000
Financial Income	31 000	150 000	32 000	49 000
Financial Costs	11 000	12 000	0	0
Financial Balance	20 000	138 000	32 000	49 000
Dividends	0	0	200 000	0
Net Income	−34 000	220 000	1 135 000	530 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	35 000	26 000	47 000	31 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	606 000	727 000	271 000	170 000
Total Tangible Assets	606 000	727 000	271 000	170 000
Total Fiancial Fixed Assets	6 000	6 000	6 000	6 000
Total Fixed Assets	646 000	759 000	324 000	207 000
Stock	15 000	15 000	15 000	15 000
Total Investments	41 000	41 000	457 000	275 000
Cash, Bank	2 968 000	3 277 000	3 231 000	2 681 000
Total Current Assets	4 113 000	4 522 000	5 355 000	4 556 000
Total Assets	4 759 000	5 282 000	5 679 000	4 763 000
Total Equity	2 650 000	2 684 000	3 064 000	2 129 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	173 000	225 000	0	0
Creditors	598 000	690 000	427 000	517 000
Unpaid Taxes	785 000	811 000	1 012 000	832 000
Dividends	0	0	200 000	0
Other Current Debt	553 000	661 000	641 000	1 137 000
Total Current Debt	1 936 000	2 373 000	2 615 000	2 634 000
Total Equity and Debt	4 759 000	5 282 000	5 679 000	4 763 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,28 %	8,2 %	37,04 %	24,89 %
Debt-to-Equity Ratio	0,07	0,08	0	0
Operating Profit Margin	−0,49 %	0,77 %	9,15 %	4,45 %
Current Ratio	2,12	1,91	2,05	1,73
Quick Ratio	2,14	1,92	2,06	1,74
Equity Ratio	0,56	0,51	0,54	0,45
Gross Profit Margin	58,97 %	54,75 %	61,4 %	58,14 %