SMART MARINE AS

4262 AVALDSNES

Finances

Return on Equity

4,72 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	49 441 000	79 990 000	70 615 000	68 773 000
Net Income	699 000	5 240 000	3 294 000	2 485 000
Total Assets	58 431 000	53 062 000	50 451 000	36 791 000
Total Equity	14 819 000	14 120 000	9 270 000	5 976 000

Income (NOK)	2022	2021	2020	2019
Revenue	49 441 000	79 990 000	70 615 000	68 773 000
Expenditure	14 092 000	14 913 000	13 300 000	13 849 000
Operating Profit	1 618 000	7 059 000	5 360 000	4 373 000
Financial Income	117 000	502 000	11 000	21 000
Financial Costs	860 000	843 000	1 172 000	1 223 000
Financial Balance	−743 000	−341 000	−1 161 000	−1 202 000
Earnings Before Tax	875 000	6 717 000	4 199 000	3 171 000
Tax	176 000	1 478 000	905 000	687 000
Net Income	699 000	5 240 000	3 294 000	2 485 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 569 000	3 685 000	1 984 000	1 261 000
Total Current Assets	54 862 000	49 377 000	48 467 000	35 530 000
Total Assets	58 431 000	53 062 000	50 451 000	36 791 000
Total Retained Equity	13 884 000	13 185 000	8 335 000	5 041 000
Total Equity	14 819 000	14 120 000	9 270 000	5 976 000
Total Long-Term Debt	77 000	52 000	8 244 000	3 394 000
Total Current Debt	43 535 000	38 890 000	32 937 000	27 421 000
Total Equity and Debt	58 431 000	53 062 000	50 451 000	36 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 417 000	79 982 000	70 615 000	68 570 000
Other Income	24 000	8 000	0	203 000
Revenue	49 441 000	79 990 000	70 615 000	68 773 000
Cost of Goods Sold	0	0	0	0
Salary Costs	7 274 000	8 844 000	7 693 000	8 051 000
Depreciation	561 000	468 000	278 000	264 000
Impairment	0	0	0	0
Expenditure	14 092 000	14 913 000	13 300 000	13 849 000
Operating Profit	1 618 000	7 059 000	5 360 000	4 373 000
Financial Income	117 000	502 000	11 000	21 000
Financial Costs	860 000	843 000	1 172 000	1 223 000
Financial Balance	−743 000	−341 000	−1 161 000	−1 202 000
Dividends	0	0	0	0
Net Income	699 000	5 240 000	3 294 000	2 485 000

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	2 770 000	2 967 000	1 583 000	1 164 000
Fixtures	490 000	409 000	92 000	97 000
Total Tangible Assets	3 260 000	3 376 000	1 675 000	1 261 000
Total Fiancial Fixed Assets	309 000	309 000	309 000	0
Total Fixed Assets	3 569 000	3 685 000	1 984 000	1 261 000
Stock	44 776 000	36 768 000	35 363 000	26 220 000
Total Investments	0	0	0	0
Cash, Bank	210 000	373 000	265 000	46 000
Total Current Assets	54 862 000	49 377 000	48 467 000	35 530 000
Total Assets	58 431 000	53 062 000	50 451 000	36 791 000
Total Equity	14 819 000	14 120 000	9 270 000	5 976 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	77 000	52 000	8 244 000	3 394 000
Creditors	23 918 000	17 777 000	20 508 000	11 627 000
Unpaid Taxes	1 767 000	2 278 000	3 761 000	1 721 000
Dividends	0	0	0	0
Other Current Debt	2 795 000	2 554 000	3 128 000	3 193 000
Total Current Debt	43 535 000	38 890 000	32 937 000	27 421 000
Total Equity and Debt	58 431 000	53 062 000	50 451 000	36 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,72 %	37,11 %	35,53 %	41,58 %
Debt-to-Equity Ratio	0,01	0	0,89	0,57
Operating Profit Margin	3,27 %	8,82 %	7,59 %	6,36 %
Current Ratio	1,26	1,27	1,47	1,3
Quick Ratio	−44,21	23,27	−19,98	29,58
Equity Ratio	0,25	0,27	0,18	0,16
Gross Profit Margin	100 %	100 %	100 %	100 %