SERE III NORWEGIAN RETAIL AS

7042 TRONDHEIM

Finances

Return on Equity

6,09 %

Current Ratio

1,25

Debt-to-Equity Ratio

10,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	3 795 000	9 294 000	−15 280 000	−3 568 000
Total Assets	752 413 000	723 975 000	712 889 000	85 131 000
Total Equity	62 299 000	58 504 000	49 211 000	−11 861 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	2 204 000	5 878 000	2 852 000	691 000
Operating Profit	−2 204 000	−5 878 000	−2 852 000	−691 000
Financial Income	32 546 000	49 464 000	31 890 000	5 354 000
Financial Costs	26 547 000	34 292 000	44 318 000	8 231 000
Financial Balance	5 999 000	15 172 000	−12 428 000	−2 877 000
Earnings Before Tax	3 795 000	9 294 000	−15 280 000	−3 568 000
Tax	0	0	0	0
Net Income	3 795 000	9 294 000	−15 280 000	−3 568 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	719 316 000	678 717 000	674 682 000	84 909 000
Total Current Assets	33 096 000	45 258 000	38 207 000	222 000
Total Assets	752 413 000	723 975 000	712 889 000	85 131 000
Total Retained Equity	49 535 000	45 741 000	36 447 000	−24 624 000
Total Equity	62 299 000	58 504 000	49 211 000	−11 861 000
Total Long-Term Debt	663 543 000	663 297 000	647 916 000	87 943 000
Total Current Debt	26 571 000	2 174 000	15 762 000	9 049 000
Total Equity and Debt	752 413 000	723 975 000	712 889 000	85 131 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 204 000	5 878 000	2 852 000	691 000
Operating Profit	−2 204 000	−5 878 000	−2 852 000	−691 000
Financial Income	32 546 000	49 464 000	31 890 000	5 354 000
Financial Costs	26 547 000	34 292 000	44 318 000	8 231 000
Financial Balance	5 999 000	15 172 000	−12 428 000	−2 877 000
Dividends	0	0	0	0
Net Income	3 795 000	9 294 000	−15 280 000	−3 568 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	719 316 000	678 717 000	674 682 000	84 909 000
Total Fixed Assets	719 316 000	678 717 000	674 682 000	84 909 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 359 000	4 973 000	1 578 000	189 000
Total Current Assets	33 096 000	45 258 000	38 207 000	222 000
Total Assets	752 413 000	723 975 000	712 889 000	85 131 000
Total Equity	62 299 000	58 504 000	49 211 000	−11 861 000
Short-Term Group Debt	24 913 000	1 448 000	14 251 000	8 776 000
Total Long-Term Debt	663 543 000	663 297 000	647 916 000	87 943 000
Creditors	0	687 000	144 000	152 000
Unpaid Taxes	94 000	0	60 000	0
Dividends	0	0	0	0
Other Current Debt	1 564 000	39 000	1 307 000	120 000
Total Current Debt	26 571 000	2 174 000	15 762 000	9 049 000
Total Equity and Debt	752 413 000	723 975 000	712 889 000	85 131 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,09 %	15,89 %	−31,05 %	30,08 %
Debt-to-Equity Ratio	10,65	11,34	13,17	−7,41
Operating Profit Margin	-	-	-	-
Current Ratio	1,25	20,82	2,42	0,02
Quick Ratio	1,25	20,82	2,42	0,02
Equity Ratio	0,08	0,08	0,07	−0,14
Gross Profit Margin	-	-	-	-