SMØRHOLM OLJEPRODUKTER AS

6494 VEVANG

Finances

Share Ownership

Return on Equity

15,21 %

Current Ratio

2,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 865 000	1 634 000	1 401 000	1 505 000
Net Income	108 000	57 000	−31 000	57 000
Total Assets	995 000	954 000	740 000	714 000
Total Equity	710 000	602 000	545 000	576 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 865 000	1 634 000	1 401 000	1 505 000
Expenditure	2 753 000	1 574 000	1 421 000	1 433 000
Operating Profit	112 000	59 000	−20 000	72 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	11 000	15 000
Financial Balance	−2 000	−2 000	−11 000	−15 000
Earnings Before Tax	110 000	57 000	−31 000	57 000
Tax	1 000	0	0	0
Net Income	108 000	57 000	−31 000	57 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	212 000	235 000	258 000	282 000
Total Current Assets	783 000	719 000	481 000	432 000
Total Assets	995 000	954 000	740 000	714 000
Total Retained Equity	510 000	402 000	345 000	376 000
Total Equity	710 000	602 000	545 000	576 000
Total Long-Term Debt	0	0	49 000	132 000
Total Current Debt	285 000	353 000	146 000	5 000
Total Equity and Debt	995 000	954 000	740 000	714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 989 000	1 634 000	1 390 000	1 505 000
Other Income	−124 000	0	11 000	0
Revenue	2 865 000	1 634 000	1 401 000	1 505 000
Cost of Goods Sold	2 534 000	1 417 000	1 260 000	1 204 000
Salary Costs	0	0	0	0
Depreciation	23 000	23 000	23 000	23 000
Impairment	0	0	0	0
Expenditure	2 753 000	1 574 000	1 421 000	1 433 000
Operating Profit	112 000	59 000	−20 000	72 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	11 000	15 000
Financial Balance	−2 000	−2 000	−11 000	−15 000
Dividends	0	0	0	0
Net Income	108 000	57 000	−31 000	57 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	211 000	229 000	246 000	263 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 000	7 000	13 000	19 000
Total Tangible Assets	212 000	235 000	258 000	282 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	212 000	235 000	258 000	282 000
Stock	84 000	189 000	141 000	167 000
Total Investments	0	0	0	0
Cash, Bank	468 000	355 000	131 000	234 000
Total Current Assets	783 000	719 000	481 000	432 000
Total Assets	995 000	954 000	740 000	714 000
Total Equity	710 000	602 000	545 000	576 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	49 000	132 000
Creditors	252 000	352 000	137 000	5 000
Unpaid Taxes	31 000	0	6 000	0
Dividends	0	0	0	0
Other Current Debt	0	1 000	3 000	0
Total Current Debt	285 000	353 000	146 000	5 000
Total Equity and Debt	995 000	954 000	740 000	714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,21 %	9,47 %	−5,69 %	9,9 %
Debt-to-Equity Ratio	0	0	0,09	0,23
Operating Profit Margin	3,91 %	3,61 %	−1,43 %	4,78 %
Current Ratio	2,75	2,04	3,29	86,4
Quick Ratio	3,9	4,38	96,2	−2,67
Equity Ratio	0,71	0,63	0,74	0,81
Gross Profit Margin	11,55 %	13,28 %	10,06 %	20 %