SMAGEN PÅ SKAGEN AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

40 %

Current Ratio

1,31

Debt-to-Equity Ratio

−5,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 885 000	20 941 000	19 584 000	25 665 000
Net Income	−218 000	−230 000	−338 000	−41 000
Total Assets	7 001 000	6 963 000	7 658 000	7 060 000
Total Equity	−545 000	−327 000	−98 000	230 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 885 000	20 941 000	19 584 000	25 665 000
Expenditure	23 904 000	21 010 000	19 853 000	25 544 000
Operating Profit	−19 000	−70 000	−269 000	121 000
Financial Income	36 000	2 000	3 000	10 000
Financial Costs	174 000	104 000	103 000	105 000
Financial Balance	−138 000	−102 000	−100 000	−95 000
Earnings Before Tax	−157 000	−171 000	−368 000	26 000
Tax	61 000	58 000	−30 000	67 000
Net Income	−218 000	−230 000	−338 000	−41 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	905 000	1 310 000	1 971 000	4 376 000
Total Current Assets	6 096 000	5 652 000	5 687 000	2 684 000
Total Assets	7 001 000	6 963 000	7 658 000	7 060 000
Total Retained Equity	−645 000	−427 000	−248 000	128 000
Total Equity	−545 000	−327 000	−98 000	230 000
Total Long-Term Debt	2 882 000	3 558 000	3 615 000	583 000
Total Current Debt	4 664 000	3 732 000	4 141 000	6 247 000
Total Equity and Debt	7 001 000	6 963 000	7 658 000	7 060 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 507 000	18 773 000	18 970 000	25 497 000
Other Income	378 000	2 168 000	613 000	168 000
Revenue	23 885 000	20 941 000	19 584 000	25 665 000
Cost of Goods Sold	7 517 000	6 224 000	6 173 000	8 405 000
Salary Costs	7 975 000	6 571 000	6 250 000	8 904 000
Depreciation	538 000	518 000	516 000	514 000
Impairment	0	0	0	0
Expenditure	23 904 000	21 010 000	19 853 000	25 544 000
Operating Profit	−19 000	−70 000	−269 000	121 000
Financial Income	36 000	2 000	3 000	10 000
Financial Costs	174 000	104 000	103 000	105 000
Financial Balance	−138 000	−102 000	−100 000	−95 000
Dividends	0	0	0	0
Net Income	−218 000	−230 000	−338 000	−41 000

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	905 000	1 310 000	1 828 000	2 326 000
Total Tangible Assets	905 000	1 310 000	1 828 000	2 326 000
Total Fiancial Fixed Assets	0	0	143 000	2 050 000
Total Fixed Assets	905 000	1 310 000	1 971 000	4 376 000
Stock	318 000	233 000	300 000	239 000
Total Investments	0	0	0	0
Cash, Bank	364 000	284 000	3 240 000	1 282 000
Total Current Assets	6 096 000	5 652 000	5 687 000	2 684 000
Total Assets	7 001 000	6 963 000	7 658 000	7 060 000
Total Equity	−545 000	−327 000	−98 000	230 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 882 000	3 558 000	3 615 000	583 000
Creditors	1 779 000	626 000	1 525 000	896 000
Unpaid Taxes	1 124 000	1 104 000	1 215 000	1 225 000
Dividends	0	0	0	0
Other Current Debt	1 640 000	1 886 000	1 401 000	4 126 000
Total Current Debt	4 664 000	3 732 000	4 141 000	6 247 000
Total Equity and Debt	7 001 000	6 963 000	7 658 000	7 060 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40 %	70,34 %	344,9 %	−17,83 %
Debt-to-Equity Ratio	−5,29	−10,88	−36,89	2,53
Operating Profit Margin	−0,08 %	−0,33 %	−1,37 %	0,47 %
Current Ratio	1,31	1,51	1,37	0,43
Quick Ratio	1,4	1,62	1,48	0,45
Equity Ratio	−0,08	−0,05	−0,01	0,03
Gross Profit Margin	68,53 %	70,28 %	68,48 %	67,25 %