SKORSTAD ENGINEERING AS

7031 TRONDHEIM

Finances

Return on Equity

−8,78 %

Current Ratio

35,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	86 000	84 000	55 000	79 000
Net Income	−39 000	0	−3 000	6 000
Total Assets	457 000	496 000	491 000	762 000
Total Equity	444 000	485 000	485 000	749 000

Income (NOK)	2022	2021	2020	2019
Revenue	86 000	84 000	55 000	79 000
Expenditure	79 000	85 000	61 000	64 000
Operating Profit	8 000	−3 000	−7 000	12 000
Financial Income	3 000	2 000	4 000	4 000
Financial Costs	0	0	0	1 000
Financial Balance	3 000	2 000	4 000	3 000
Earnings Before Tax	10 000	−2 000	−3 000	15 000
Tax	48 000	−1 000	0	8 000
Net Income	−39 000	0	−3 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	48 000	47 000	47 000
Total Current Assets	457 000	448 000	444 000	715 000
Total Assets	457 000	496 000	491 000	762 000
Total Retained Equity	404 000	445 000	445 000	709 000
Total Equity	444 000	485 000	485 000	749 000
Total Long-Term Debt	0	0	3 000	0
Total Current Debt	13 000	12 000	3 000	12 000
Total Equity and Debt	457 000	496 000	491 000	762 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	86 000	84 000	55 000	79 000
Other Income	0	0	0	0
Revenue	86 000	84 000	55 000	79 000
Cost of Goods Sold	15 000	32 000	16 000	5 000
Salary Costs	7 000	0	5 000	18 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	79 000	85 000	61 000	64 000
Operating Profit	8 000	−3 000	−7 000	12 000
Financial Income	3 000	2 000	4 000	4 000
Financial Costs	0	0	0	1 000
Financial Balance	3 000	2 000	4 000	3 000
Dividends	0	0	0	0
Net Income	−39 000	0	−3 000	6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	48 000	47 000	47 000
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	0	0	0
Total Fixed Assets	0	48 000	47 000	47 000
Stock	5 000	1 000	2 000	1 000
Total Investments	20 000	20 000	5 000	5 000
Cash, Bank	398 000	382 000	368 000	709 000
Total Current Assets	457 000	448 000	444 000	715 000
Total Assets	457 000	496 000	491 000	762 000
Total Equity	444 000	485 000	485 000	749 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 000	0
Creditors	0	2 000	1 000	1 000
Unpaid Taxes	13 000	10 000	1 000	10 000
Dividends	0	0	0	0
Other Current Debt	0	0	1 000	2 000
Total Current Debt	13 000	12 000	3 000	12 000
Total Equity and Debt	457 000	496 000	491 000	762 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,78 %	0 %	−0,62 %	0,8 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	9,3 %	−3,57 %	−12,73 %	15,19 %
Current Ratio	35,15	37,33	148	59,58
Quick Ratio	57,13	40,73	444	65
Equity Ratio	0,97	0,98	0,99	0,98
Gross Profit Margin	82,56 %	61,9 %	70,91 %	93,67 %