SØRSTRAND EIENDOM AS

4640 SØGNE

Finances

Share Ownership

Return on Equity

−3,2 %

Current Ratio

849,77

Debt-to-Equity Ratio

1,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	66 000	118 000	246 000	290 000
Net Income	−221 000	−82 000	79 000	−185 000
Total Assets	18 940 000	17 723 000	17 412 000	11 694 000
Total Equity	6 908 000	5 972 000	6 054 000	5 976 000

Income (NOK)	2022	2021	2020	2019
Revenue	66 000	118 000	246 000	290 000
Expenditure	243 000	157 000	64 000	427 000
Operating Profit	−177 000	−39 000	181 000	−137 000
Financial Income	0	0	0	2 000
Financial Costs	106 000	66 000	81 000	102 000
Financial Balance	−106 000	−66 000	−81 000	−100 000
Earnings Before Tax	−283 000	−105 000	101 000	−237 000
Tax	−62 000	−23 000	22 000	−52 000
Net Income	−221 000	−82 000	79 000	−185 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	245 000	509 000	4 735 000	4 683 000
Total Current Assets	18 695 000	17 214 000	12 676 000	7 011 000
Total Assets	18 940 000	17 723 000	17 412 000	11 694 000
Total Retained Equity	3 252 000	3 472 000	3 554 000	3 476 000
Total Equity	6 908 000	5 972 000	6 054 000	5 976 000
Total Long-Term Debt	12 010 000	11 735 000	11 341 000	2 950 000
Total Current Debt	22 000	16 000	16 000	2 768 000
Total Equity and Debt	18 940 000	17 723 000	17 412 000	11 694 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	66 000	118 000	246 000	290 000
Revenue	66 000	118 000	246 000	290 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	−75 000	52 000
Impairment	0	0	0	0
Expenditure	243 000	157 000	64 000	427 000
Operating Profit	−177 000	−39 000	181 000	−137 000
Financial Income	0	0	0	2 000
Financial Costs	106 000	66 000	81 000	102 000
Financial Balance	−106 000	−66 000	−81 000	−100 000
Dividends	0	0	0	0
Net Income	−221 000	−82 000	79 000	−185 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	245 000	509 000	486 000	508 000
Real Eastate	0	0	4 250 000	4 175 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	4 250 000	4 175 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	245 000	509 000	4 735 000	4 683 000
Stock	17 200 000	17 183 000	12 635 000	6 997 000
Total Investments	0	0	0	0
Cash, Bank	12 000	25 000	35 000	14 000
Total Current Assets	18 695 000	17 214 000	12 676 000	7 011 000
Total Assets	18 940 000	17 723 000	17 412 000	11 694 000
Total Equity	6 908 000	5 972 000	6 054 000	5 976 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 010 000	11 735 000	11 341 000	2 950 000
Creditors	0	0	0	−1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	22 000	16 000	16 000	2 769 000
Total Current Debt	22 000	16 000	16 000	2 768 000
Total Equity and Debt	18 940 000	17 723 000	17 412 000	11 694 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,2 %	−1,37 %	1,3 %	−3,1 %
Debt-to-Equity Ratio	1,74	1,97	1,87	0,49
Operating Profit Margin	−268,18 %	−33,05 %	73,58 %	−47,24 %
Current Ratio	849,77	1 075,88	792,25	2,53
Quick Ratio	−1,09	−1	−1	−1,66
Equity Ratio	0,36	0,34	0,35	0,51
Gross Profit Margin	100 %	100 %	100 %	100 %