SCANDINAVIAN PRODUCTS LIMITED AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

72,83 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 312 000	3 207 000	2 171 000	2 329 000
Net Income	268 000	171 000	41 000	3 000
Total Assets	1 115 000	1 113 000	650 000	622 000
Total Equity	368 000	470 000	299 000	258 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 312 000	3 207 000	2 171 000	2 329 000
Expenditure	2 968 000	2 981 000	2 111 000	2 319 000
Operating Profit	345 000	225 000	61 000	10 000
Financial Income	6 000	0	1 000	0
Financial Costs	4 000	4 000	4 000	6 000
Financial Balance	2 000	−4 000	−3 000	−6 000
Earnings Before Tax	347 000	221 000	57 000	5 000
Tax	78 000	51 000	16 000	2 000
Net Income	268 000	171 000	41 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 115 000	1 113 000	650 000	622 000
Total Assets	1 115 000	1 113 000	650 000	622 000
Total Retained Equity	0	0	199 000	0
Total Equity	368 000	470 000	299 000	258 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	746 000	643 000	351 000	364 000
Total Equity and Debt	1 115 000	1 113 000	650 000	622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 312 000	3 207 000	2 171 000	2 329 000
Other Income	0	0	0	0
Revenue	3 312 000	3 207 000	2 171 000	2 329 000
Cost of Goods Sold	1 562 000	1 650 000	1 246 000	1 211 000
Salary Costs	920 000	876 000	424 000	710 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 968 000	2 981 000	2 111 000	2 319 000
Operating Profit	345 000	225 000	61 000	10 000
Financial Income	6 000	0	1 000	0
Financial Costs	4 000	4 000	4 000	6 000
Financial Balance	2 000	−4 000	−3 000	−6 000
Dividends	370 000	0	0	0
Net Income	268 000	171 000	41 000	3 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	87 000	72 000	78 000	181 000
Total Investments	0	0	0	0
Cash, Bank	348 000	668 000	282 000	62 000
Total Current Assets	1 115 000	1 113 000	650 000	622 000
Total Assets	1 115 000	1 113 000	650 000	622 000
Total Equity	368 000	470 000	299 000	258 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	102 000	125 000	61 000	37 000
Unpaid Taxes	382 000	324 000	213 000	243 000
Dividends	370 000	0	0	0
Other Current Debt	184 000	143 000	60 000	80 000
Total Current Debt	746 000	643 000	351 000	364 000
Total Equity and Debt	1 115 000	1 113 000	650 000	622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,83 %	36,38 %	13,71 %	1,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,42 %	7,02 %	2,81 %	0,43 %
Current Ratio	1,49	1,73	1,85	1,71
Quick Ratio	1,69	1,95	2,38	3,4
Equity Ratio	0,33	0,42	0,46	0,41
Gross Profit Margin	52,84 %	48,55 %	42,61 %	48 %