Søvik Promotion AS

6002 ÅLESUND

Finances

Return on Equity

−14,45 %

Current Ratio

18,28

Debt-to-Equity Ratio

−1,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	396 000	112 000	176 000	237 000
Net Income	111 000	47 000	−124 000	−74 000
Total Assets	329 000	252 000	209 000	205 000
Total Equity	−768 000	−878 000	−925 000	−801 000

Income (NOK)	2022	2021	2020	2019
Revenue	396 000	112 000	176 000	237 000
Expenditure	269 000	82 000	275 000	386 000
Operating Profit	128 000	31 000	−100 000	−149 000
Financial Income	0	32 000	0	104 000
Financial Costs	17 000	16 000	24 000	29 000
Financial Balance	−17 000	16 000	−24 000	75 000
Earnings Before Tax	111 000	47 000	−124 000	−74 000
Tax	0	0	0	0
Net Income	111 000	47 000	−124 000	−74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	13 000	26 000	24 000
Total Current Assets	329 000	240 000	183 000	182 000
Total Assets	329 000	252 000	209 000	205 000
Total Retained Equity	−2 044 000	−2 154 000	−2 201 000	−2 077 000
Total Equity	−768 000	−878 000	−925 000	−801 000
Total Long-Term Debt	1 079 000	987 000	905 000	630 000
Total Current Debt	18 000	144 000	229 000	376 000
Total Equity and Debt	329 000	252 000	209 000	205 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	396 000	112 000	176 000	237 000
Other Income	0	0	0	0
Revenue	396 000	112 000	176 000	237 000
Cost of Goods Sold	240 000	63 000	80 000	146 000
Salary Costs	9 000	5 000	4 000	5 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	269 000	82 000	275 000	386 000
Operating Profit	128 000	31 000	−100 000	−149 000
Financial Income	0	32 000	0	104 000
Financial Costs	17 000	16 000	24 000	29 000
Financial Balance	−17 000	16 000	−24 000	75 000
Dividends	0	0	0	0
Net Income	111 000	47 000	−124 000	−74 000

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	0	13 000	26 000	24 000
Total Fixed Assets	0	13 000	26 000	24 000
Stock	188 000	168 000	181 000	243 000
Total Investments	0	0	0	0
Cash, Bank	32 000	0	1 000	0
Total Current Assets	329 000	240 000	183 000	182 000
Total Assets	329 000	252 000	209 000	205 000
Total Equity	−768 000	−878 000	−925 000	−801 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 079 000	987 000	905 000	630 000
Creditors	18 000	12 000	29 000	81 000
Unpaid Taxes	0	20 000	24 000	7 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	50 000
Total Current Debt	18 000	144 000	229 000	376 000
Total Equity and Debt	329 000	252 000	209 000	205 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,45 %	−5,35 %	13,41 %	9,24 %
Debt-to-Equity Ratio	−1,4	−1,12	−0,98	−0,79
Operating Profit Margin	32,32 %	27,68 %	−56,82 %	−62,87 %
Current Ratio	18,28	1,67	0,8	0,48
Quick Ratio	−1,94	−10	3,81	1,37
Equity Ratio	−2,33	−3,48	−4,43	−3,91
Gross Profit Margin	39,39 %	43,75 %	54,55 %	38,4 %