ART OF SUN SØRUM AS

1923 SØRUM

Finances

Share Ownership

Return on Equity

−3,51 %

Current Ratio

0,35

Debt-to-Equity Ratio

−1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 625 000	2 047 000	1 906 000	2 145 000
Net Income	64 000	−254 000	−1 040 000	−458 000
Total Assets	748 000	1 106 000	1 182 000	2 235 000
Total Equity	−1 824 000	−1 887 000	−1 633 000	−593 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 625 000	2 047 000	1 906 000	2 145 000
Expenditure	2 561 000	2 255 000	2 410 000	2 606 000
Operating Profit	64 000	−207 000	−504 000	−460 000
Financial Income	0	0	0	0
Financial Costs	0	47 000	127 000	127 000
Financial Balance	0	−47 000	−127 000	−127 000
Earnings Before Tax	64 000	−254 000	−631 000	−587 000
Tax	0	0	409 000	−129 000
Net Income	64 000	−254 000	−1 040 000	−458 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	596 000	932 000	966 000	1 918 000
Total Current Assets	152 000	174 000	217 000	317 000
Total Assets	748 000	1 106 000	1 182 000	2 235 000
Total Retained Equity	−1 854 000	−1 917 000	−1 663 000	−623 000
Total Equity	−1 824 000	−1 887 000	−1 633 000	−593 000
Total Long-Term Debt	2 135 000	2 528 000	2 245 000	2 313 000
Total Current Debt	436 000	465 000	570 000	515 000
Total Equity and Debt	748 000	1 106 000	1 182 000	2 235 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 331 000	1 857 000	1 837 000	2 145 000
Other Income	295 000	190 000	70 000	0
Revenue	2 625 000	2 047 000	1 906 000	2 145 000
Cost of Goods Sold	98 000	124 000	69 000	0
Salary Costs	371 000	232 000	204 000	191 000
Depreciation	214 000	363 000	473 000	616 000
Impairment	0	0	0	0
Expenditure	2 561 000	2 255 000	2 410 000	2 606 000
Operating Profit	64 000	−207 000	−504 000	−460 000
Financial Income	0	0	0	0
Financial Costs	0	47 000	127 000	127 000
Financial Balance	0	−47 000	−127 000	−127 000
Dividends	0	0	0	0
Net Income	64 000	−254 000	−1 040 000	−458 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	163 000	443 000
Total Intangible Assets	0	0	163 000	852 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	69 000	249 000	332 000	317 000
Fixtures	491 000	577 000	334 000	550 000
Total Tangible Assets	560 000	826 000	666 000	867 000
Total Fiancial Fixed Assets	36 000	106 000	137 000	199 000
Total Fixed Assets	596 000	932 000	966 000	1 918 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	136 000	76 000	49 000	70 000
Total Current Assets	152 000	174 000	217 000	317 000
Total Assets	748 000	1 106 000	1 182 000	2 235 000
Total Equity	−1 824 000	−1 887 000	−1 633 000	−593 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 135 000	2 528 000	2 245 000	2 313 000
Creditors	311 000	405 000	417 000	497 000
Unpaid Taxes	56 000	23 000	33 000	4 000
Dividends	0	0	0	0
Other Current Debt	69 000	37 000	120 000	14 000
Total Current Debt	436 000	465 000	570 000	515 000
Total Equity and Debt	748 000	1 106 000	1 182 000	2 235 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,51 %	13,46 %	63,69 %	77,23 %
Debt-to-Equity Ratio	−1,17	−1,34	−1,37	−3,9
Operating Profit Margin	2,44 %	−10,11 %	−26,44 %	−21,45 %
Current Ratio	0,35	0,37	0,38	0,62
Quick Ratio	0,35	0,37	0,38	0,62
Equity Ratio	−2,44	−1,71	−1,38	−0,27
Gross Profit Margin	96,27 %	93,94 %	96,38 %	100 %