SORL AS

1608 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

14,62 %

Current Ratio

4,05

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 407 000	1 444 000	1 017 000	1 798 000
Net Income	81 000	372 000	−7 000	384 000
Total Assets	780 000	740 000	1 143 000	1 204 000
Total Equity	554 000	516 000	964 000	971 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 407 000	1 444 000	1 017 000	1 798 000
Expenditure	1 298 000	969 000	1 025 000	1 304 000
Operating Profit	110 000	475 000	−8 000	493 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	1 000
Earnings Before Tax	109 000	475 000	−9 000	493 000
Tax	28 000	103 000	−1 000	109 000
Net Income	81 000	372 000	−7 000	384 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 000	47 000	57 000	67 000
Total Current Assets	737 000	693 000	1 086 000	1 137 000
Total Assets	780 000	740 000	1 143 000	1 204 000
Total Retained Equity	454 000	416 000	864 000	871 000
Total Equity	554 000	516 000	964 000	971 000
Total Long-Term Debt	44 000	4 000	43 000	45 000
Total Current Debt	182 000	220 000	136 000	189 000
Total Equity and Debt	780 000	740 000	1 143 000	1 204 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 292 000	1 444 000	1 017 000	1 797 000
Other Income	116 000	0	0	0
Revenue	1 407 000	1 444 000	1 017 000	1 798 000
Cost of Goods Sold	0	3 000	0	0
Salary Costs	847 000	467 000	657 000	768 000
Depreciation	10 000	10 000	10 000	8 000
Impairment	0	0	0	0
Expenditure	1 298 000	969 000	1 025 000	1 304 000
Operating Profit	110 000	475 000	−8 000	493 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	1 000
Dividends	0	863 000	0	0
Net Income	81 000	372 000	−7 000	384 000

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	37 000	47 000	57 000	67 000
Total Tangible Assets	37 000	47 000	57 000	67 000
Total Fiancial Fixed Assets	6 000	0	0	0
Total Fixed Assets	43 000	47 000	57 000	67 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	703 000	653 000	1 003 000	1 103 000
Total Current Assets	737 000	693 000	1 086 000	1 137 000
Total Assets	780 000	740 000	1 143 000	1 204 000
Total Equity	554 000	516 000	964 000	971 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	44 000	4 000	43 000	45 000
Creditors	7 000	11 000	38 000	7 000
Unpaid Taxes	68 000	65 000	44 000	49 000
Dividends	0	863 000	0	0
Other Current Debt	76 000	42 000	55 000	70 000
Total Current Debt	182 000	220 000	136 000	189 000
Total Equity and Debt	780 000	740 000	1 143 000	1 204 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,62 %	72,09 %	−0,73 %	39,55 %
Debt-to-Equity Ratio	0,08	0,01	0,04	0,05
Operating Profit Margin	7,82 %	32,89 %	−0,79 %	27,42 %
Current Ratio	4,05	3,15	7,99	6,02
Quick Ratio	4,05	3,15	7,99	6,02
Equity Ratio	0,71	0,7	0,84	0,81
Gross Profit Margin	100 %	99,79 %	100 %	100 %