SMEDVIG INVESTMENT MANAGEMENT AS

4007 STAVANGER

Finances

Share Ownership

Return on Equity

25,32 %

Current Ratio

2,6

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 805 000	35 438 000	32 851 000	32 728 000
Net Income	4 490 000	13 485 000	11 869 000	11 658 000
Total Assets	32 495 000	38 888 000	32 963 000	30 872 000
Total Equity	17 733 000	18 243 000	14 759 000	12 890 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 805 000	35 438 000	32 851 000	32 728 000
Expenditure	23 194 000	17 487 000	17 099 000	17 473 000
Operating Profit	5 611 000	17 951 000	15 752 000	15 255 000
Financial Income	463 000	117 000	166 000	361 000
Financial Costs	87 000	88 000	92 000	68 000
Financial Balance	376 000	29 000	74 000	293 000
Earnings Before Tax	5 987 000	17 980 000	15 825 000	15 548 000
Tax	1 497 000	4 495 000	3 957 000	3 891 000
Net Income	4 490 000	13 485 000	11 869 000	11 658 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	638 000	24 000	34 000	49 000
Total Current Assets	31 857 000	38 864 000	32 929 000	30 823 000
Total Assets	32 495 000	38 888 000	32 963 000	30 872 000
Total Retained Equity	12 431 000	12 941 000	9 456 000	7 587 000
Total Equity	17 733 000	18 243 000	14 759 000	12 890 000
Total Long-Term Debt	2 486 000	0	0	0
Total Current Debt	12 276 000	20 645 000	18 204 000	17 982 000
Total Equity and Debt	32 495 000	38 888 000	32 963 000	30 872 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 805 000	35 438 000	32 851 000	32 728 000
Other Income	0	0	0	0
Revenue	28 805 000	35 438 000	32 851 000	32 728 000
Cost of Goods Sold	0	0	0	0
Salary Costs	12 253 000	8 525 000	8 616 000	7 751 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	23 194 000	17 487 000	17 099 000	17 473 000
Operating Profit	5 611 000	17 951 000	15 752 000	15 255 000
Financial Income	463 000	117 000	166 000	361 000
Financial Costs	87 000	88 000	92 000	68 000
Financial Balance	376 000	29 000	74 000	293 000
Dividends	5 000 000	10 000 000	10 000 000	10 000 000
Net Income	4 490 000	13 485 000	11 869 000	11 658 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	638 000	24 000	34 000	49 000
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	638 000	24 000	34 000	49 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	30 483 000	37 172 000	32 287 000	29 609 000
Total Current Assets	31 857 000	38 864 000	32 929 000	30 823 000
Total Assets	32 495 000	38 888 000	32 963 000	30 872 000
Total Equity	17 733 000	18 243 000	14 759 000	12 890 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 486 000	0	0	0
Creditors	1 005 000	1 583 000	527 000	1 165 000
Unpaid Taxes	790 000	636 000	516 000	594 000
Dividends	5 000 000	10 000 000	10 000 000	10 000 000
Other Current Debt	3 370 000	3 941 000	3 219 000	2 353 000
Total Current Debt	12 276 000	20 645 000	18 204 000	17 982 000
Total Equity and Debt	32 495 000	38 888 000	32 963 000	30 872 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,32 %	73,92 %	80,42 %	90,44 %
Debt-to-Equity Ratio	0,14	0	0	0
Operating Profit Margin	19,48 %	50,65 %	47,95 %	46,61 %
Current Ratio	2,6	1,88	1,81	1,71
Quick Ratio	2,6	1,88	1,81	1,71
Equity Ratio	0,55	0,47	0,45	0,42
Gross Profit Margin	100 %	100 %	100 %	100 %