SØRCO HOLDING AS

4842 ARENDAL

Finances

Return on Equity

3,6 %

Current Ratio

3,18

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	−1 000
Net Income	14 814 000	−566 000	−232 000	4 810 000
Total Assets	505 039 000	546 912 000	561 181 000	526 171 000
Total Equity	411 460 000	407 360 000	412 426 000	426 158 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	−1 000
Expenditure	2 550 000	2 585 000	2 379 000	2 436 000
Operating Profit	−2 550 000	−2 585 000	−2 379 000	−2 437 000
Financial Income	21 494 000	5 665 000	5 387 000	9 698 000
Financial Costs	3 928 000	3 646 000	3 240 000	2 400 000
Financial Balance	17 566 000	2 019 000	2 147 000	7 298 000
Earnings Before Tax	15 015 000	−566 000	−232 000	4 860 000
Tax	202 000	0	0	50 000
Net Income	14 814 000	−566 000	−232 000	4 810 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	469 217 000	535 196 000	530 249 000	509 804 000
Total Current Assets	35 822 000	11 715 000	30 931 000	16 367 000
Total Assets	505 039 000	546 912 000	561 181 000	526 171 000
Total Retained Equity	90 880 000	86 781 000	91 847 000	105 579 000
Total Equity	411 460 000	407 360 000	412 426 000	426 158 000
Total Long-Term Debt	82 306 000	135 016 000	139 244 000	95 000 000
Total Current Debt	11 273 000	4 535 000	9 511 000	5 013 000
Total Equity and Debt	505 039 000	546 912 000	561 181 000	526 171 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	−1 000
Other Income	0	0	0	0
Revenue	0	0	0	−1 000
Cost of Goods Sold	0	0	0	0
Salary Costs	311 000	163 000	163 000	108 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 550 000	2 585 000	2 379 000	2 436 000
Operating Profit	−2 550 000	−2 585 000	−2 379 000	−2 437 000
Financial Income	21 494 000	5 665 000	5 387 000	9 698 000
Financial Costs	3 928 000	3 646 000	3 240 000	2 400 000
Financial Balance	17 566 000	2 019 000	2 147 000	7 298 000
Dividends	10 000 000	4 500 000	4 500 000	3 000 000
Net Income	14 814 000	−566 000	−232 000	4 810 000

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	469 217 000	535 196 000	530 249 000	509 804 000
Total Fixed Assets	469 217 000	535 196 000	530 249 000	509 804 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 883 000	7 569 000	29 498 000	74 000
Total Current Assets	35 822 000	11 715 000	30 931 000	16 367 000
Total Assets	505 039 000	546 912 000	561 181 000	526 171 000
Total Equity	411 460 000	407 360 000	412 426 000	426 158 000
Short-Term Group Debt	916 000	0	3 000 000	0
Total Long-Term Debt	82 306 000	135 016 000	139 244 000	95 000 000
Creditors	357 000	35 000	11 000	13 000
Unpaid Taxes	0	0	0	0
Dividends	10 000 000	4 500 000	4 500 000	3 000 000
Other Current Debt	0	0	2 000 000	2 000 000
Total Current Debt	11 273 000	4 535 000	9 511 000	5 013 000
Total Equity and Debt	505 039 000	546 912 000	561 181 000	526 171 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,6 %	−0,14 %	−0,06 %	1,13 %
Debt-to-Equity Ratio	0,2	0,33	0,34	0,22
Operating Profit Margin	-	-	-	243 700 %
Current Ratio	3,18	2,58	3,25	3,26
Quick Ratio	3,18	2,58	3,25	3,26
Equity Ratio	0,81	0,74	0,73	0,81
Gross Profit Margin	-	-	-	100 %