SMED ENGINEERING AS

7290 STØREN

Finances

Return on Equity

15,74 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 533 000	19 307 000	21 938 000	44 750 000
Net Income	445 000	293 000	−828 000	805 000
Total Assets	7 801 000	8 115 000	9 029 000	11 899 000
Total Equity	2 827 000	2 382 000	6 352 000	6 950 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 533 000	19 307 000	21 938 000	44 750 000
Expenditure	28 099 000	20 039 000	22 748 000	43 739 000
Operating Profit	433 000	−733 000	−811 000	1 011 000
Financial Income	274 000	1 018 000	106 000	128 000
Financial Costs	135 000	172 000	435 000	267 000
Financial Balance	139 000	846 000	−329 000	−139 000
Earnings Before Tax	573 000	113 000	−1 140 000	872 000
Tax	127 000	−180 000	0	67 000
Net Income	445 000	293 000	−828 000	805 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	409 000	536 000	1 365 000	1 054 000
Total Current Assets	7 392 000	7 579 000	7 664 000	10 845 000
Total Assets	7 801 000	8 115 000	9 029 000	11 899 000
Total Retained Equity	2 239 000	1 794 000	5 764 000	6 362 000
Total Equity	2 827 000	2 382 000	6 352 000	6 950 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 974 000	5 734 000	2 677 000	4 949 000
Total Equity and Debt	7 801 000	8 115 000	9 029 000	11 899 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 515 000	19 307 000	21 720 000	44 401 000
Other Income	18 000	0	217 000	349 000
Revenue	28 533 000	19 307 000	21 938 000	44 750 000
Cost of Goods Sold	22 916 000	15 794 000	11 645 000	29 723 000
Salary Costs	3 115 000	2 760 000	7 063 000	8 402 000
Depreciation	0	0	361 000	329 000
Impairment	0	0	0	0
Expenditure	28 099 000	20 039 000	22 748 000	43 739 000
Operating Profit	433 000	−733 000	−811 000	1 011 000
Financial Income	274 000	1 018 000	106 000	128 000
Financial Costs	135 000	172 000	435 000	267 000
Financial Balance	139 000	846 000	−329 000	−139 000
Dividends	0	1 200 000	0	0
Net Income	445 000	293 000	−828 000	805 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	342 000	469 000	310 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	1 020 000	995 000
Total Tangible Assets	0	0	1 020 000	995 000
Total Fiancial Fixed Assets	67 000	67 000	35 000	56 000
Total Fixed Assets	409 000	536 000	1 365 000	1 054 000
Stock	0	0	71 000	69 000
Total Investments	0	0	0	0
Cash, Bank	1 631 000	3 767 000	4 025 000	2 869 000
Total Current Assets	7 392 000	7 579 000	7 664 000	10 845 000
Total Assets	7 801 000	8 115 000	9 029 000	11 899 000
Total Equity	2 827 000	2 382 000	6 352 000	6 950 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 170 000	3 203 000	1 729 000	2 495 000
Unpaid Taxes	1 383 000	1 078 000	641 000	1 526 000
Dividends	0	1 200 000	0	0
Other Current Debt	279 000	253 000	299 000	756 000
Total Current Debt	4 974 000	5 734 000	2 677 000	4 949 000
Total Equity and Debt	7 801 000	8 115 000	9 029 000	11 899 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,74 %	12,3 %	−13,04 %	11,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,52 %	−3,8 %	−3,7 %	2,26 %
Current Ratio	1,49	1,32	2,86	2,19
Quick Ratio	1,49	1,32	2,94	2,22
Equity Ratio	0,36	0,29	0,7	0,58
Gross Profit Margin	19,69 %	18,2 %	46,92 %	33,58 %