SØRNES AS

4070 RANDABERG

Finances

Return on Equity

13,65 %

Current Ratio

3,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 254 000	5 834 000	5 813 000	6 494 000
Net Income	343 000	339 000	480 000	29 000
Total Assets	3 287 000	3 229 000	3 079 000	2 227 000
Total Equity	2 513 000	2 370 000	2 031 000	1 551 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 254 000	5 834 000	5 813 000	6 494 000
Expenditure	5 802 000	5 383 000	5 171 000	6 442 000
Operating Profit	452 000	452 000	642 000	53 000
Financial Income	4 000	6 000	13 000	2 000
Financial Costs	16 000	22 000	38 000	17 000
Financial Balance	−12 000	−16 000	−25 000	−15 000
Earnings Before Tax	440 000	435 000	617 000	38 000
Tax	97 000	97 000	136 000	9 000
Net Income	343 000	339 000	480 000	29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	315 000	121 000	160 000	81 000
Total Current Assets	2 972 000	3 108 000	2 919 000	2 146 000
Total Assets	3 287 000	3 229 000	3 079 000	2 227 000
Total Retained Equity	2 263 000	2 120 000	1 781 000	1 301 000
Total Equity	2 513 000	2 370 000	2 031 000	1 551 000
Total Long-Term Debt	0	207 000	350 000	0
Total Current Debt	774 000	652 000	698 000	676 000
Total Equity and Debt	3 287 000	3 229 000	3 079 000	2 227 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 243 000	5 834 000	5 770 000	6 494 000
Other Income	12 000	0	43 000	0
Revenue	6 254 000	5 834 000	5 813 000	6 494 000
Cost of Goods Sold	3 206 000	2 997 000	3 101 000	3 704 000
Salary Costs	1 571 000	1 440 000	1 182 000	1 633 000
Depreciation	44 000	38 000	22 000	20 000
Impairment	0	0	0	0
Expenditure	5 802 000	5 383 000	5 171 000	6 442 000
Operating Profit	452 000	452 000	642 000	53 000
Financial Income	4 000	6 000	13 000	2 000
Financial Costs	16 000	22 000	38 000	17 000
Financial Balance	−12 000	−16 000	−25 000	−15 000
Dividends	200 000	0	0	0
Net Income	343 000	339 000	480 000	29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	65 000	91 000	119 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	45 000	25 000	36 000	48 000
Total Tangible Assets	45 000	25 000	36 000	48 000
Total Fiancial Fixed Assets	205 000	5 000	5 000	5 000
Total Fixed Assets	315 000	121 000	160 000	81 000
Stock	1 563 000	1 375 000	1 189 000	1 554 000
Total Investments	397 000	245 000	0	0
Cash, Bank	962 000	1 315 000	1 664 000	530 000
Total Current Assets	2 972 000	3 108 000	2 919 000	2 146 000
Total Assets	3 287 000	3 229 000	3 079 000	2 227 000
Total Equity	2 513 000	2 370 000	2 031 000	1 551 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	207 000	350 000	0
Creditors	134 000	85 000	66 000	130 000
Unpaid Taxes	293 000	267 000	306 000	268 000
Dividends	200 000	0	0	0
Other Current Debt	249 000	205 000	190 000	269 000
Total Current Debt	774 000	652 000	698 000	676 000
Total Equity and Debt	3 287 000	3 229 000	3 079 000	2 227 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,65 %	14,3 %	23,63 %	1,87 %
Debt-to-Equity Ratio	0	0,09	0,17	0
Operating Profit Margin	7,23 %	7,75 %	11,04 %	0,82 %
Current Ratio	3,84	4,77	4,18	3,17
Quick Ratio	−3,77	−4,3	−5,95	−2,44
Equity Ratio	0,76	0,73	0,66	0,7
Gross Profit Margin	48,74 %	48,63 %	46,65 %	42,96 %