BRANDS BY SÖRGAARD AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

121,5 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2021	2020	2019	2018
Revenue	4 738 000	1 985 000	1 744 000	597 000
Net Income	260 000	−139 000	29 000	70 000
Total Assets	1 001 000	484 000	336 000	168 000
Total Equity	214 000	−46 000	94 000	64 000

Income (NOK)	2021	2020	2019	2018
Revenue	4 738 000	1 985 000	1 744 000	597 000
Expenditure	4 405 000	2 102 000	1 702 000	523 000
Operating Profit	333 000	−117 000	42 000	74 000
Financial Income	22 000	7 000	3 000	0
Financial Costs	56 000	30 000	8 000	4 000
Financial Balance	−34 000	−23 000	−5 000	−4 000
Earnings Before Tax	299 000	−139 000	37 000	70 000
Tax	40 000	0	8 000	0
Net Income	260 000	−139 000	29 000	70 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	177 000	151 000
Total Current Assets	1 001 000	484 000	159 000	16 000
Total Assets	1 001 000	484 000	336 000	168 000
Total Retained Equity	191 000	−68 000	71 000	42 000
Total Equity	214 000	−46 000	94 000	64 000
Total Long-Term Debt	21 000	20 000	20 000	0
Total Current Debt	766 000	510 000	223 000	103 000
Total Equity and Debt	1 001 000	484 000	336 000	168 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	4 738 000	1 985 000	1 619 000	248 000
Other Income	0	0	125 000	349 000
Revenue	4 738 000	1 985 000	1 744 000	597 000
Cost of Goods Sold	2 573 000	1 118 000	951 000	66 000
Salary Costs	454 000	104 000	89 000	133 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 405 000	2 102 000	1 702 000	523 000
Operating Profit	333 000	−117 000	42 000	74 000
Financial Income	22 000	7 000	3 000	0
Financial Costs	56 000	30 000	8 000	4 000
Financial Balance	−34 000	−23 000	−5 000	−4 000
Dividends	0	0	0	0
Net Income	260 000	−139 000	29 000	70 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	177 000	151 000
Total Fixed Assets	0	0	177 000	151 000
Stock	420 000	82 000	132 000	0
Total Investments	0	0	0	0
Cash, Bank	129 000	9 000	3 000	7 000
Total Current Assets	1 001 000	484 000	159 000	16 000
Total Assets	1 001 000	484 000	336 000	168 000
Total Equity	214 000	−46 000	94 000	64 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 000	20 000	20 000	0
Creditors	52 000	210 000	166 000	75 000
Unpaid Taxes	381 000	124 000	25 000	13 000
Dividends	0	0	0	0
Other Current Debt	190 000	176 000	23 000	15 000
Total Current Debt	766 000	510 000	223 000	103 000
Total Equity and Debt	1 001 000	484 000	336 000	168 000

Financial indicators	2021	2020	2019	2018
Return on Equity	121,5 %	302,17 %	30,85 %	109,38 %
Debt-to-Equity Ratio	0,1	−0,43	0,21	0
Operating Profit Margin	7,03 %	−5,89 %	2,41 %	12,4 %
Current Ratio	1,31	0,95	0,71	0,16
Quick Ratio	2,89	1,13	1,75	0,16
Equity Ratio	0,21	−0,1	0,28	0,38
Gross Profit Margin	45,69 %	43,68 %	45,47 %	88,94 %