SØRSIDA UTVIKLING AS

6003 ÅLESUND

Finances

Return on Equity

36,07 %

Current Ratio

4,31

Debt-to-Equity Ratio

−2

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 477 000	0	0	0
Net Income	−3 133 000	−4 098 000	−1 667 000	−287 000
Total Assets	11 262 000	3 135 000	4 262 000	500 000
Total Equity	−8 685 000	−5 552 000	−1 454 000	213 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 477 000	0	0	0
Expenditure	5 905 000	3 960 000	1 666 000	288 000
Operating Profit	−3 427 000	−3 961 000	−1 666 000	−288 000
Financial Income	652 000	2 000	0	0
Financial Costs	358 000	139 000	1 000	0
Financial Balance	294 000	−137 000	−1 000	0
Earnings Before Tax	−3 133 000	−4 098 000	−1 667 000	−287 000
Tax	0	0	0	0
Net Income	−3 133 000	−4 098 000	−1 667 000	−287 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	90 000	0	0	0
Total Current Assets	11 172 000	3 135 000	4 262 000	500 000
Total Assets	11 262 000	3 135 000	4 262 000	500 000
Total Retained Equity	−9 185 000	−6 052 000	−1 954 000	−287 000
Total Equity	−8 685 000	−5 552 000	−1 454 000	213 000
Total Long-Term Debt	17 353 000	7 000 000	4 500 000	0
Total Current Debt	2 595 000	1 688 000	1 217 000	288 000
Total Equity and Debt	11 262 000	3 135 000	4 262 000	500 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	893 000	0	0	0
Other Income	1 584 000	0	0	0
Revenue	2 477 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	2 726 000	2 421 000	1 028 000	257 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 905 000	3 960 000	1 666 000	288 000
Operating Profit	−3 427 000	−3 961 000	−1 666 000	−288 000
Financial Income	652 000	2 000	0	0
Financial Costs	358 000	139 000	1 000	0
Financial Balance	294 000	−137 000	−1 000	0
Dividends	0	0	0	0
Net Income	−3 133 000	−4 098 000	−1 667 000	−287 000

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	90 000	0	0	0
Total Fixed Assets	90 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 827 000	2 986 000	4 259 000	500 000
Total Current Assets	11 172 000	3 135 000	4 262 000	500 000
Total Assets	11 262 000	3 135 000	4 262 000	500 000
Total Equity	−8 685 000	−5 552 000	−1 454 000	213 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 353 000	7 000 000	4 500 000	0
Creditors	899 000	409 000	0	0
Unpaid Taxes	250 000	241 000	259 000	32 000
Dividends	0	0	0	0
Other Current Debt	1 445 000	1 038 000	958 000	256 000
Total Current Debt	2 595 000	1 688 000	1 217 000	288 000
Total Equity and Debt	11 262 000	3 135 000	4 262 000	500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,07 %	73,81 %	114,65 %	−134,74 %
Debt-to-Equity Ratio	−2	−1,26	−3,09	0
Operating Profit Margin	−138,35 %	-	-	-
Current Ratio	4,31	1,86	3,5	1,74
Quick Ratio	4,31	1,86	3,5	1,74
Equity Ratio	−0,77	−1,77	−0,34	0,43
Gross Profit Margin	100 %	-	-	-