SØRNESET EIENDOM AS

6009 ÅLESUND

Finances

Share Ownership

Return on Equity

25,5 %

Current Ratio

0,01

Debt-to-Equity Ratio

−4,66

Key figures (NOK)	2022	2021	2020
Revenue	303 000	319 000	197 000
Net Income	−203 000	−153 000	−939 000
Total Assets	3 101 000	3 110 000	3 111 000
Total Equity	−796 000	−594 000	−439 000

Income (NOK)	2022	2021	2020
Revenue	303 000	319 000	197 000
Expenditure	332 000	357 000	1 053 000
Operating Profit	−29 000	−38 000	−856 000
Financial Income	0	0	0
Financial Costs	173 000	114 000	84 000
Financial Balance	−173 000	−114 000	−84 000
Earnings Before Tax	−203 000	−153 000	−939 000
Tax	0	0	0
Net Income	−203 000	−153 000	−939 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 100 000	3 110 000	3 080 000
Total Current Assets	1 000	0	31 000
Total Assets	3 101 000	3 110 000	3 111 000
Total Retained Equity	−1 296 000	−1 094 000	−939 000
Total Equity	−796 000	−594 000	−439 000
Total Long-Term Debt	3 708 000	3 716 000	3 550 000
Total Current Debt	189 000	−12 000	0
Total Equity and Debt	3 101 000	3 110 000	3 111 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	303 000	319 000	197 000
Revenue	303 000	319 000	197 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	332 000	357 000	1 053 000
Operating Profit	−29 000	−38 000	−856 000
Financial Income	0	0	0
Financial Costs	173 000	114 000	84 000
Financial Balance	−173 000	−114 000	−84 000
Dividends	0	0	0
Net Income	−203 000	−153 000	−939 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	3 100 000	3 100 000	3 100 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	3 100 000	3 100 000	3 100 000
Total Fiancial Fixed Assets	0	10 000	−20 000
Total Fixed Assets	3 100 000	3 110 000	3 080 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 000	0	31 000
Total Current Assets	1 000	0	31 000
Total Assets	3 101 000	3 110 000	3 111 000
Total Equity	−796 000	−594 000	−439 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 708 000	3 716 000	3 550 000
Creditors	189 000	−12 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	189 000	−12 000	0
Total Equity and Debt	3 101 000	3 110 000	3 111 000

Financial indicators	2022	2021	2020
Return on Equity	25,5 %	25,76 %	213,9 %
Debt-to-Equity Ratio	−4,66	−6,26	−8,09
Operating Profit Margin	−9,57 %	−11,91 %	−434,52 %
Current Ratio	0,01	−0	-
Quick Ratio	0,01	−0	-
Equity Ratio	−0,26	−0,19	−0,14
Gross Profit Margin	100 %	100 %	100 %