SORTLAND ELEKTRO EIENDOM AS

8400 SORTLAND

Finances

Return on Equity

2,98 %

Current Ratio

2,13

Debt-to-Equity Ratio

2,76

Key figures (NOK)	2022	2021	2020	2019
Revenue	429 000	445 000	249 000	127 000
Net Income	14 000	125 000	49 000	−19 000
Total Assets	1 860 000	1 908 000	1 817 000	1 801 000
Total Equity	470 000	456 000	331 000	282 000

Income (NOK)	2022	2021	2020	2019
Revenue	429 000	445 000	249 000	127 000
Expenditure	384 000	267 000	168 000	111 000
Operating Profit	46 000	178 000	81 000	16 000
Financial Income	4 000	1 000	0	1 000
Financial Costs	32 000	18 000	19 000	29 000
Financial Balance	−28 000	−17 000	−19 000	−28 000
Earnings Before Tax	18 000	161 000	62 000	−12 000
Tax	4 000	35 000	14 000	7 000
Net Income	14 000	125 000	49 000	−19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 660 000	1 684 000	1 712 000	1 740 000
Total Current Assets	200 000	224 000	105 000	61 000
Total Assets	1 860 000	1 908 000	1 817 000	1 801 000
Total Retained Equity	350 000	336 000	211 000	162 000
Total Equity	470 000	456 000	331 000	282 000
Total Long-Term Debt	1 296 000	1 355 000	1 413 000	1 467 000
Total Current Debt	94 000	97 000	73 000	52 000
Total Equity and Debt	1 860 000	1 908 000	1 817 000	1 801 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	429 000	445 000	249 000	127 000
Other Income	0	0	0	0
Revenue	429 000	445 000	249 000	127 000
Cost of Goods Sold	0	2 000	7 000	0
Salary Costs	41 000	70 000	0	0
Depreciation	24 000	28 000	28 000	29 000
Impairment	0	0	0	0
Expenditure	384 000	267 000	168 000	111 000
Operating Profit	46 000	178 000	81 000	16 000
Financial Income	4 000	1 000	0	1 000
Financial Costs	32 000	18 000	19 000	29 000
Financial Balance	−28 000	−17 000	−19 000	−28 000
Dividends	0	0	0	0
Net Income	14 000	125 000	49 000	−19 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 569 000	1 593 000	1 621 000	1 649 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 569 000	1 593 000	1 621 000	1 649 000
Total Fiancial Fixed Assets	91 000	91 000	91 000	91 000
Total Fixed Assets	1 660 000	1 684 000	1 712 000	1 740 000
Stock	0	0	0	0
Total Investments	5 000	5 000	5 000	5 000
Cash, Bank	159 000	214 000	99 000	55 000
Total Current Assets	200 000	224 000	105 000	61 000
Total Assets	1 860 000	1 908 000	1 817 000	1 801 000
Total Equity	470 000	456 000	331 000	282 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 296 000	1 355 000	1 413 000	1 467 000
Creditors	22 000	9 000	10 000	5 000
Unpaid Taxes	0	4 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	66 000	46 000	52 000	47 000
Total Current Debt	94 000	97 000	73 000	52 000
Total Equity and Debt	1 860 000	1 908 000	1 817 000	1 801 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,98 %	27,41 %	14,8 %	−6,74 %
Debt-to-Equity Ratio	2,76	2,97	4,27	5,2
Operating Profit Margin	10,72 %	40 %	32,53 %	12,6 %
Current Ratio	2,13	2,31	1,44	1,17
Quick Ratio	2,13	2,31	1,44	1,17
Equity Ratio	0,25	0,24	0,18	0,16
Gross Profit Margin	100 %	99,55 %	97,19 %	100 %