SCANDINAVIAN TECHNOLOGY AS

2150 ÅRNES

Finances

Share Ownership

Return on Equity

44,15 %

Current Ratio

1,05

Debt-to-Equity Ratio

−1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 614 000	3 923 000	2 284 000	2 292 000
Net Income	−951 000	−286 000	−989 000	−171 000
Total Assets	1 233 000	2 096 000	1 220 000	1 166 000
Total Equity	−2 154 000	−1 203 000	−917 000	72 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 614 000	3 923 000	2 284 000	2 292 000
Expenditure	7 415 000	4 191 000	3 262 000	2 452 000
Operating Profit	−801 000	−268 000	−977 000	−160 000
Financial Income	32 000	18 000	11 000	2 000
Financial Costs	182 000	37 000	23 000	13 000
Financial Balance	−150 000	−19 000	−12 000	−11 000
Earnings Before Tax	−951 000	−286 000	−989 000	−171 000
Tax	0	0	0	0
Net Income	−951 000	−286 000	−989 000	−171 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 233 000	2 096 000	1 220 000	1 166 000
Total Assets	1 233 000	2 096 000	1 220 000	1 166 000
Total Retained Equity	−2 382 000	−1 431 000	−1 144 000	−156 000
Total Equity	−2 154 000	−1 203 000	−917 000	72 000
Total Long-Term Debt	2 218 000	2 589 000	1 731 000	793 000
Total Current Debt	1 169 000	711 000	406 000	301 000
Total Equity and Debt	1 233 000	2 096 000	1 220 000	1 166 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 614 000	3 923 000	2 284 000	2 292 000
Other Income	0	0	0	0
Revenue	6 614 000	3 923 000	2 284 000	2 292 000
Cost of Goods Sold	4 823 000	2 296 000	1 535 000	1 377 000
Salary Costs	1 818 000	1 394 000	1 313 000	602 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 415 000	4 191 000	3 262 000	2 452 000
Operating Profit	−801 000	−268 000	−977 000	−160 000
Financial Income	32 000	18 000	11 000	2 000
Financial Costs	182 000	37 000	23 000	13 000
Financial Balance	−150 000	−19 000	−12 000	−11 000
Dividends	0	0	0	0
Net Income	−951 000	−286 000	−989 000	−171 000

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	418 000	966 000	807 000	813 000
Total Investments	0	0	0	0
Cash, Bank	379 000	382 000	100 000	215 000
Total Current Assets	1 233 000	2 096 000	1 220 000	1 166 000
Total Assets	1 233 000	2 096 000	1 220 000	1 166 000
Total Equity	−2 154 000	−1 203 000	−917 000	72 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 218 000	2 589 000	1 731 000	793 000
Creditors	655 000	230 000	110 000	106 000
Unpaid Taxes	367 000	343 000	191 000	147 000
Dividends	0	0	0	0
Other Current Debt	147 000	138 000	105 000	48 000
Total Current Debt	1 169 000	711 000	406 000	301 000
Total Equity and Debt	1 233 000	2 096 000	1 220 000	1 166 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,15 %	23,77 %	107,85 %	−237,5 %
Debt-to-Equity Ratio	−1,03	−2,15	−1,89	11,01
Operating Profit Margin	−12,11 %	−6,83 %	−42,78 %	−6,98 %
Current Ratio	1,05	2,95	3	3,87
Quick Ratio	1,64	−8,22	−3,04	−2,28
Equity Ratio	−1,75	−0,57	−0,75	0,06
Gross Profit Margin	27,08 %	41,47 %	32,79 %	39,92 %