SMART FARM AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−20,25 %

Current Ratio

7,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 736 000	9 930 000	16 360 000	11 536 000
Net Income	−1 693 000	861 000	2 639 000	172 000
Total Assets	9 085 000	11 660 000	11 948 000	8 210 000
Total Equity	8 361 000	10 054 000	9 193 000	6 554 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 736 000	9 930 000	16 360 000	11 536 000
Expenditure	5 520 000	8 918 000	13 979 000	11 199 000
Operating Profit	−1 784 000	1 011 000	2 381 000	728 000
Financial Income	187 000	148 000	824 000	471 000
Financial Costs	96 000	298 000	566 000	1 027 000
Financial Balance	91 000	−150 000	258 000	−556 000
Earnings Before Tax	−1 693 000	861 000	2 639 000	172 000
Tax	0	0	0	0
Net Income	−1 693 000	861 000	2 639 000	172 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 311 000	2 512 000	2 503 000	1 986 000
Total Current Assets	5 773 000	9 148 000	9 445 000	6 224 000
Total Assets	9 085 000	11 660 000	11 948 000	8 210 000
Total Retained Equity	3 639 000	5 332 000	4 471 000	1 832 000
Total Equity	8 361 000	10 054 000	9 193 000	6 554 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	724 000	1 606 000	2 755 000	1 656 000
Total Equity and Debt	9 085 000	11 660 000	11 948 000	8 210 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 735 000	9 699 000	16 360 000	11 536 000
Other Income	2 000	231 000	0	0
Revenue	3 736 000	9 930 000	16 360 000	11 536 000
Cost of Goods Sold	2 493 000	5 792 000	9 821 000	6 530 000
Salary Costs	1 498 000	1 575 000	2 692 000	2 779 000
Depreciation	381 000	425 000	395 000	355 000
Impairment	0	0	0	0
Expenditure	5 520 000	8 918 000	13 979 000	11 199 000
Operating Profit	−1 784 000	1 011 000	2 381 000	728 000
Financial Income	187 000	148 000	824 000	471 000
Financial Costs	96 000	298 000	566 000	1 027 000
Financial Balance	91 000	−150 000	258 000	−556 000
Dividends	0	0	0	0
Net Income	−1 693 000	861 000	2 639 000	172 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	21 000	39 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	119 000	70 000	67 000	36 000
Fixtures	519 000	417 000	651 000	884 000
Total Tangible Assets	638 000	487 000	718 000	920 000
Total Fiancial Fixed Assets	2 673 000	2 025 000	1 764 000	1 027 000
Total Fixed Assets	3 311 000	2 512 000	2 503 000	1 986 000
Stock	1 689 000	1 292 000	1 159 000	1 392 000
Total Investments	0	0	0	0
Cash, Bank	2 560 000	3 896 000	5 710 000	2 180 000
Total Current Assets	5 773 000	9 148 000	9 445 000	6 224 000
Total Assets	9 085 000	11 660 000	11 948 000	8 210 000
Total Equity	8 361 000	10 054 000	9 193 000	6 554 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	144 000	865 000	1 650 000	866 000
Unpaid Taxes	187 000	135 000	317 000	179 000
Dividends	0	0	0	0
Other Current Debt	293 000	605 000	789 000	611 000
Total Current Debt	724 000	1 606 000	2 755 000	1 656 000
Total Equity and Debt	9 085 000	11 660 000	11 948 000	8 210 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,25 %	8,56 %	28,71 %	2,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−47,75 %	10,18 %	14,55 %	6,31 %
Current Ratio	7,97	5,7	3,43	3,76
Quick Ratio	−5,98	29,13	5,92	23,58
Equity Ratio	0,92	0,86	0,77	0,8
Gross Profit Margin	33,27 %	41,67 %	39,97 %	43,39 %