SMART VARME AS

5179 GODVIK

Finances

Share Ownership

Return on Equity

77,15 %

Current Ratio

1,63

Debt-to-Equity Ratio

3,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 363 000	34 005 000	27 310 000	21 266 000
Net Income	4 277 000	863 000	1 905 000	674 000
Total Assets	34 185 000	26 695 000	27 330 000	10 745 000
Total Equity	5 544 000	3 424 000	2 560 000	2 299 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 363 000	34 005 000	27 310 000	21 266 000
Expenditure	37 036 000	32 357 000	24 578 000	20 301 000
Operating Profit	6 327 000	1 649 000	2 732 000	965 000
Financial Income	0	0	2 000	6 000
Financial Costs	840 000	540 000	298 000	164 000
Financial Balance	−840 000	−540 000	−296 000	−158 000
Earnings Before Tax	5 487 000	1 109 000	2 435 000	807 000
Tax	1 210 000	246 000	530 000	133 000
Net Income	4 277 000	863 000	1 905 000	674 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 906 000	15 419 000	9 986 000	2 958 000
Total Current Assets	19 279 000	11 276 000	17 344 000	7 787 000
Total Assets	34 185 000	26 695 000	27 330 000	10 745 000
Total Retained Equity	4 644 000	2 524 000	1 635 000	1 373 000
Total Equity	5 544 000	3 424 000	2 560 000	2 299 000
Total Long-Term Debt	16 794 000	16 074 000	16 597 000	3 643 000
Total Current Debt	11 847 000	7 198 000	8 173 000	4 803 000
Total Equity and Debt	34 185 000	26 695 000	27 330 000	10 745 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 005 000	34 005 000	27 307 000	21 155 000
Other Income	357 000	0	3 000	111 000
Revenue	43 363 000	34 005 000	27 310 000	21 266 000
Cost of Goods Sold	21 242 000	17 298 000	13 421 000	10 597 000
Salary Costs	9 212 000	8 760 000	6 785 000	5 813 000
Depreciation	1 645 000	1 477 000	814 000	482 000
Impairment	0	0	0	0
Expenditure	37 036 000	32 357 000	24 578 000	20 301 000
Operating Profit	6 327 000	1 649 000	2 732 000	965 000
Financial Income	0	0	2 000	6 000
Financial Costs	840 000	540 000	298 000	164 000
Financial Balance	−840 000	−540 000	−296 000	−158 000
Dividends	700 000	0	0	300 000
Net Income	4 277 000	863 000	1 905 000	674 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	179 000	154 000	0	0
Real Eastate	11 382 000	11 750 000	6 235 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 345 000	3 514 000	3 516 000	2 677 000
Total Tangible Assets	14 726 000	15 264 000	9 751 000	2 677 000
Total Fiancial Fixed Assets	1 000	1 000	235 000	282 000
Total Fixed Assets	14 906 000	15 419 000	9 986 000	2 958 000
Stock	10 790 000	5 286 000	4 799 000	3 765 000
Total Investments	0	0	0	0
Cash, Bank	5 233 000	3 447 000	3 978 000	1 759 000
Total Current Assets	19 279 000	11 276 000	17 344 000	7 787 000
Total Assets	34 185 000	26 695 000	27 330 000	10 745 000
Total Equity	5 544 000	3 424 000	2 560 000	2 299 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 794 000	16 074 000	16 597 000	3 643 000
Creditors	5 944 000	3 603 000	2 960 000	1 251 000
Unpaid Taxes	1 432 000	1 538 000	1 541 000	1 202 000
Dividends	700 000	0	0	300 000
Other Current Debt	3 255 000	1 767 000	3 229 000	2 224 000
Total Current Debt	11 847 000	7 198 000	8 173 000	4 803 000
Total Equity and Debt	34 185 000	26 695 000	27 330 000	10 745 000

Financial indicators	2022	2021	2020	2019
Return on Equity	77,15 %	25,2 %	74,41 %	29,32 %
Debt-to-Equity Ratio	3,03	4,69	6,48	1,58
Operating Profit Margin	14,59 %	4,85 %	10 %	4,54 %
Current Ratio	1,63	1,57	2,12	1,62
Quick Ratio	18,24	5,9	5,14	7,5
Equity Ratio	0,16	0,13	0,09	0,21
Gross Profit Margin	51,01 %	49,13 %	50,86 %	50,17 %