SCHWANITZ DEVELOPMENT AS

1367 SNARØYA

Finances

Return on Equity

45,04 %

Current Ratio

0,38

Debt-to-Equity Ratio

−0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 270 000	1 442 000	1 572 000	503 000
Net Income	−268 000	85 000	−215 000	26 000
Total Assets	321 000	923 000	511 000	127 000
Total Equity	−595 000	−327 000	−412 000	−197 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 270 000	1 442 000	1 572 000	503 000
Expenditure	1 514 000	1 334 000	1 770 000	469 000
Operating Profit	−245 000	108 000	−198 000	35 000
Financial Income	0	0	0	0
Financial Costs	23 000	23 000	17 000	8 000
Financial Balance	−23 000	−23 000	−17 000	−8 000
Earnings Before Tax	−268 000	85 000	−215 000	26 000
Tax	0	0	0	0
Net Income	−268 000	85 000	−215 000	26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	10 000	10 000	0
Total Current Assets	311 000	913 000	501 000	127 000
Total Assets	321 000	923 000	511 000	127 000
Total Retained Equity	−695 000	−427 000	−512 000	−297 000
Total Equity	−595 000	−327 000	−412 000	−197 000
Total Long-Term Debt	96 000	979 000	0	0
Total Current Debt	820 000	271 000	922 000	324 000
Total Equity and Debt	321 000	923 000	511 000	127 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 270 000	1 442 000	1 572 000	503 000
Other Income	0	0	0	0
Revenue	1 270 000	1 442 000	1 572 000	503 000
Cost of Goods Sold	282 000	400 000	567 000	71 000
Salary Costs	1 022 000	745 000	1 022 000	230 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 514 000	1 334 000	1 770 000	469 000
Operating Profit	−245 000	108 000	−198 000	35 000
Financial Income	0	0	0	0
Financial Costs	23 000	23 000	17 000	8 000
Financial Balance	−23 000	−23 000	−17 000	−8 000
Dividends	0	0	0	0
Net Income	−268 000	85 000	−215 000	26 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	10 000	10 000	10 000	0
Total Fixed Assets	10 000	10 000	10 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	10 000	41 000
Total Current Assets	311 000	913 000	501 000	127 000
Total Assets	321 000	923 000	511 000	127 000
Total Equity	−595 000	−327 000	−412 000	−197 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	96 000	979 000	0	0
Creditors	244 000	47 000	201 000	4 000
Unpaid Taxes	467 000	154 000	147 000	106 000
Dividends	0	0	0	0
Other Current Debt	110 000	70 000	574 000	214 000
Total Current Debt	820 000	271 000	922 000	324 000
Total Equity and Debt	321 000	923 000	511 000	127 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,04 %	−25,99 %	52,18 %	−13,2 %
Debt-to-Equity Ratio	−0,16	−2,99	−0	−0
Operating Profit Margin	−19,29 %	7,49 %	−12,6 %	6,96 %
Current Ratio	0,38	3,37	0,54	0,39
Quick Ratio	0,38	3,37	0,54	0,39
Equity Ratio	−1,85	−0,35	−0,81	−1,55
Gross Profit Margin	77,8 %	72,26 %	63,93 %	85,88 %