SMART MANAGEMENT AS

4006 STAVANGER

Finances

Return on Equity

15,39 %

Current Ratio

2,06

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 520 000	13 124 000	11 186 000	8 666 000
Net Income	2 429 000	2 487 000	2 231 000	2 415 000
Total Assets	19 235 000	18 360 000	15 385 000	13 392 000
Total Equity	15 783 000	15 641 000	11 757 000	9 525 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 520 000	13 124 000	11 186 000	8 666 000
Expenditure	11 601 000	10 132 000	9 124 000	6 075 000
Operating Profit	2 918 000	2 993 000	2 063 000	2 592 000
Financial Income	76 000	14 000	11 000	4 000
Financial Costs	51 000	29 000	34 000	180 000
Financial Balance	25 000	−15 000	−23 000	−176 000
Earnings Before Tax	2 942 000	2 978 000	2 040 000	2 415 000
Tax	513 000	491 000	−192 000	0
Net Income	2 429 000	2 487 000	2 231 000	2 415 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 117 000	11 331 000	10 004 000	10 317 000
Total Current Assets	7 119 000	7 030 000	5 381 000	3 075 000
Total Assets	19 235 000	18 360 000	15 385 000	13 392 000
Total Retained Equity	395 000	0	−4 881 000	−7 113 000
Total Equity	15 783 000	15 641 000	11 757 000	9 525 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 453 000	2 719 000	3 628 000	3 866 000
Total Equity and Debt	19 235 000	18 360 000	15 385 000	13 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 520 000	13 124 000	11 186 000	8 666 000
Other Income	0	0	0	0
Revenue	14 520 000	13 124 000	11 186 000	8 666 000
Cost of Goods Sold	221 000	87 000	0	50 000
Salary Costs	5 365 000	5 498 000	3 923 000	2 756 000
Depreciation	2 611 000	2 370 000	2 210 000	1 811 000
Impairment	0	0	0	0
Expenditure	11 601 000	10 132 000	9 124 000	6 075 000
Operating Profit	2 918 000	2 993 000	2 063 000	2 592 000
Financial Income	76 000	14 000	11 000	4 000
Financial Costs	51 000	29 000	34 000	180 000
Financial Balance	25 000	−15 000	−23 000	−176 000
Dividends	1 000 000	500 000	0	0
Net Income	2 429 000	2 487 000	2 231 000	2 415 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 123 000	9 539 000	9 993 000	10 247 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	794 000	592 000	12 000	19 000
Total Tangible Assets	794 000	592 000	12 000	19 000
Total Fiancial Fixed Assets	1 200 000	1 200 000	0	51 000
Total Fixed Assets	12 117 000	11 331 000	10 004 000	10 317 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 121 000	3 118 000	3 971 000	2 547 000
Total Current Assets	7 119 000	7 030 000	5 381 000	3 075 000
Total Assets	19 235 000	18 360 000	15 385 000	13 392 000
Total Equity	15 783 000	15 641 000	11 757 000	9 525 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	291 000	301 000	108 000	88 000
Unpaid Taxes	1 113 000	965 000	1 000 000	856 000
Dividends	1 000 000	500 000	0	0
Other Current Debt	1 049 000	954 000	2 520 000	2 923 000
Total Current Debt	3 453 000	2 719 000	3 628 000	3 866 000
Total Equity and Debt	19 235 000	18 360 000	15 385 000	13 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,39 %	15,9 %	18,98 %	25,35 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,1 %	22,81 %	18,44 %	29,91 %
Current Ratio	2,06	2,59	1,48	0,8
Quick Ratio	2,06	2,59	1,48	0,8
Equity Ratio	0,82	0,85	0,76	0,71
Gross Profit Margin	98,48 %	99,34 %	100 %	99,42 %