SMARTHOTEL AS

4023 STAVANGER

Finances

Return on Equity

66,27 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 602 000	5 580 000	4 247 000	6 965 000
Net Income	20 069 000	387 000	−114 000	44 000
Total Assets	138 685 000	125 595 000	88 429 000	99 272 000
Total Equity	30 284 000	33 324 000	18 604 000	18 718 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 602 000	5 580 000	4 247 000	6 965 000
Expenditure	7 869 000	6 443 000	6 692 000	7 083 000
Operating Profit	733 000	−864 000	−2 445 000	−118 000
Financial Income	22 747 000	1 360 000	2 302 000	181 000
Financial Costs	0	0	2 000	4 000
Financial Balance	22 747 000	1 360 000	2 300 000	177 000
Earnings Before Tax	23 480 000	496 000	−145 000	60 000
Tax	3 411 000	109 000	−31 000	16 000
Net Income	20 069 000	387 000	−114 000	44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 831 000	39 887 000	33 251 000	33 186 000
Total Current Assets	86 854 000	85 707 000	55 178 000	66 086 000
Total Assets	138 685 000	125 595 000	88 429 000	99 272 000
Total Retained Equity	0	0	4 637 000	4 751 000
Total Equity	30 284 000	33 324 000	18 604 000	18 718 000
Total Long-Term Debt	0	28 500 000	28 500 000	28 507 000
Total Current Debt	108 401 000	63 771 000	41 325 000	52 047 000
Total Equity and Debt	138 685 000	125 595 000	88 429 000	99 272 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 602 000	5 580 000	4 247 000	6 965 000
Other Income	0	0	0	0
Revenue	8 602 000	5 580 000	4 247 000	6 965 000
Cost of Goods Sold	0	3 000	0	0
Salary Costs	5 720 000	4 608 000	4 796 000	5 122 000
Depreciation	89 000	132 000	139 000	50 000
Impairment	0	0	0	0
Expenditure	7 869 000	6 443 000	6 692 000	7 083 000
Operating Profit	733 000	−864 000	−2 445 000	−118 000
Financial Income	22 747 000	1 360 000	2 302 000	181 000
Financial Costs	0	0	2 000	4 000
Financial Balance	22 747 000	1 360 000	2 300 000	177 000
Dividends	0	0	0	0
Net Income	20 069 000	387 000	−114 000	44 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	27 000	24 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	89 000	221 000	360 000
Total Tangible Assets	0	89 000	221 000	360 000
Total Fiancial Fixed Assets	51 794 000	39 772 000	33 006 000	32 826 000
Total Fixed Assets	51 831 000	39 887 000	33 251 000	33 186 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	37 897 000	13 347 000	6 717 000	20 678 000
Total Current Assets	86 854 000	85 707 000	55 178 000	66 086 000
Total Assets	138 685 000	125 595 000	88 429 000	99 272 000
Total Equity	30 284 000	33 324 000	18 604 000	18 718 000
Short-Term Group Debt	107 488 000	62 836 000	40 297 000	51 116 000
Total Long-Term Debt	0	28 500 000	28 500 000	28 507 000
Creditors	166 000	88 000	149 000	96 000
Unpaid Taxes	275 000	406 000	340 000	367 000
Dividends	0	0	0	0
Other Current Debt	473 000	442 000	540 000	467 000
Total Current Debt	108 401 000	63 771 000	41 325 000	52 047 000
Total Equity and Debt	138 685 000	125 595 000	88 429 000	99 272 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,27 %	1,16 %	−0,61 %	0,24 %
Debt-to-Equity Ratio	0	0,86	1,53	1,52
Operating Profit Margin	8,52 %	−15,48 %	−57,57 %	−1,69 %
Current Ratio	0,8	1,34	1,34	1,27
Quick Ratio	0,8	1,34	1,34	1,27
Equity Ratio	0,22	0,27	0,21	0,19
Gross Profit Margin	100 %	99,95 %	100 %	100 %