SHOEART AS

6509 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

58,32 %

Current Ratio

2,02

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 602 000	5 055 000	4 523 000	4 098 000
Net Income	473 000	75 000	−336 000	184 000
Total Assets	2 005 000	1 615 000	1 745 000	2 301 000
Total Equity	811 000	338 000	263 000	599 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 602 000	5 055 000	4 523 000	4 098 000
Expenditure	4 960 000	4 890 000	4 882 000	3 766 000
Operating Profit	643 000	166 000	−358 000	332 000
Financial Income	7 000	0	0	0
Financial Costs	43 000	70 000	73 000	95 000
Financial Balance	−36 000	−70 000	−73 000	−95 000
Earnings Before Tax	607 000	96 000	−431 000	236 000
Tax	134 000	21 000	−95 000	52 000
Net Income	473 000	75 000	−336 000	184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	113 000	166 000	212 000	144 000
Total Current Assets	1 892 000	1 449 000	1 532 000	2 157 000
Total Assets	2 005 000	1 615 000	1 745 000	2 301 000
Total Retained Equity	311 000	−162 000	−237 000	99 000
Total Equity	811 000	338 000	263 000	599 000
Total Long-Term Debt	258 000	258 000	257 000	214 000
Total Current Debt	936 000	1 019 000	1 224 000	1 488 000
Total Equity and Debt	2 005 000	1 615 000	1 745 000	2 301 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 602 000	5 055 000	4 503 000	4 098 000
Other Income	0	0	20 000	0
Revenue	5 602 000	5 055 000	4 523 000	4 098 000
Cost of Goods Sold	3 226 000	3 117 000	3 231 000	2 086 000
Salary Costs	764 000	877 000	836 000	852 000
Depreciation	26 000	26 000	26 000	26 000
Impairment	0	0	0	0
Expenditure	4 960 000	4 890 000	4 882 000	3 766 000
Operating Profit	643 000	166 000	−358 000	332 000
Financial Income	7 000	0	0	0
Financial Costs	43 000	70 000	73 000	95 000
Financial Balance	−36 000	−70 000	−73 000	−95 000
Dividends	0	0	0	0
Net Income	473 000	75 000	−336 000	184 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	79 000	100 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	60 000	86 000	112 000	138 000
Total Tangible Assets	60 000	86 000	112 000	138 000
Total Fiancial Fixed Assets	47 000	1 000	0	0
Total Fixed Assets	113 000	166 000	212 000	144 000
Stock	1 810 000	1 416 000	1 471 000	2 095 000
Total Investments	0	0	0	0
Cash, Bank	75 000	41 000	58 000	55 000
Total Current Assets	1 892 000	1 449 000	1 532 000	2 157 000
Total Assets	2 005 000	1 615 000	1 745 000	2 301 000
Total Equity	811 000	338 000	263 000	599 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	258 000	258 000	257 000	214 000
Creditors	171 000	198 000	145 000	163 000
Unpaid Taxes	178 000	127 000	144 000	121 000
Dividends	0	0	0	0
Other Current Debt	150 000	156 000	119 000	63 000
Total Current Debt	936 000	1 019 000	1 224 000	1 488 000
Total Equity and Debt	2 005 000	1 615 000	1 745 000	2 301 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,32 %	22,19 %	−127,76 %	30,72 %
Debt-to-Equity Ratio	0,32	0,76	0,98	0,36
Operating Profit Margin	11,48 %	3,28 %	−7,92 %	8,1 %
Current Ratio	2,02	1,42	1,25	1,45
Quick Ratio	−2,16	−3,65	−6,2	−3,55
Equity Ratio	0,4	0,21	0,15	0,26
Gross Profit Margin	42,41 %	38,34 %	28,57 %	49,1 %