SMART INNOVATION NORWAY AS

1783 HALDEN

Finances

Return on Equity

−48,21 %

Current Ratio

0,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	77 974 000	57 458 000	48 337 000	41 807 000
Net Income	−2 023 000	−1 268 000	1 559 000	1 629 000
Total Assets	40 074 000	24 540 000	27 224 000	22 230 000
Total Equity	4 196 000	6 219 000	7 488 000	5 928 000

Income (NOK)	2022	2021	2020	2019
Revenue	77 974 000	57 458 000	48 337 000	41 807 000
Expenditure	80 662 000	57 736 000	46 148 000	39 841 000
Operating Profit	−2 687 000	−278 000	2 189 000	1 965 000
Financial Income	741 000	12 000	769 000	315 000
Financial Costs	505 000	1 040 000	943 000	198 000
Financial Balance	236 000	−1 028 000	−174 000	117 000
Earnings Before Tax	−2 451 000	−1 305 000	2 015 000	2 082 000
Tax	−428 000	−37 000	456 000	453 000
Net Income	−2 023 000	−1 268 000	1 559 000	1 629 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 645 000	3 360 000	3 172 000	1 544 000
Total Current Assets	30 429 000	21 180 000	24 052 000	20 686 000
Total Assets	40 074 000	24 540 000	27 224 000	22 230 000
Total Retained Equity	2 145 000	4 168 000	5 437 000	3 878 000
Total Equity	4 196 000	6 219 000	7 488 000	5 928 000
Total Long-Term Debt	0	0	87 000	134 000
Total Current Debt	35 878 000	18 321 000	19 649 000	16 168 000
Total Equity and Debt	40 074 000	24 540 000	27 224 000	22 230 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 376 000	27 246 000	16 320 000	11 101 000
Other Income	39 599 000	30 212 000	32 018 000	30 706 000
Revenue	77 974 000	57 458 000	48 337 000	41 807 000
Cost of Goods Sold	7 520 000	7 087 000	8 427 000	6 765 000
Salary Costs	54 255 000	40 260 000	32 797 000	23 855 000
Depreciation	908 000	530 000	607 000	887 000
Impairment	0	0	0	0
Expenditure	80 662 000	57 736 000	46 148 000	39 841 000
Operating Profit	−2 687 000	−278 000	2 189 000	1 965 000
Financial Income	741 000	12 000	769 000	315 000
Financial Costs	505 000	1 040 000	943 000	198 000
Financial Balance	236 000	−1 028 000	−174 000	117 000
Dividends	0	0	0	0
Net Income	−2 023 000	−1 268 000	1 559 000	1 629 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	909 000	0	0	0
Total Intangible Assets	1 958 000	619 000	349 000	703 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 496 000	1 634 000	1 317 000	650 000
Total Tangible Assets	1 496 000	1 634 000	1 317 000	650 000
Total Fiancial Fixed Assets	6 191 000	1 107 000	1 506 000	191 000
Total Fixed Assets	9 645 000	3 360 000	3 172 000	1 544 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 673 000	5 983 000	8 769 000	8 145 000
Total Current Assets	30 429 000	21 180 000	24 052 000	20 686 000
Total Assets	40 074 000	24 540 000	27 224 000	22 230 000
Total Equity	4 196 000	6 219 000	7 488 000	5 928 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	87 000	134 000
Creditors	3 293 000	2 071 000	1 244 000	697 000
Unpaid Taxes	3 681 000	2 700 000	2 506 000	1 976 000
Dividends	0	0	0	0
Other Current Debt	26 185 000	13 550 000	15 897 000	13 179 000
Total Current Debt	35 878 000	18 321 000	19 649 000	16 168 000
Total Equity and Debt	40 074 000	24 540 000	27 224 000	22 230 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,21 %	−20,39 %	20,82 %	27,48 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	−3,45 %	−0,48 %	4,53 %	4,7 %
Current Ratio	0,85	1,16	1,22	1,28
Quick Ratio	0,85	1,16	1,22	1,28
Equity Ratio	0,1	0,25	0,28	0,27
Gross Profit Margin	90,36 %	87,67 %	82,57 %	83,82 %