M SØRENSEN AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

10,64 %

Current Ratio

2,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	51 874 000	69 541 000	77 872 000	35 176 000
Net Income	984 000	7 417 000	5 917 000	402 000
Total Assets	14 747 000	15 335 000	15 563 000	7 185 000
Total Equity	9 248 000	8 265 000	7 298 000	2 830 000

Income (NOK)	2022	2021	2020	2019
Revenue	51 874 000	69 541 000	77 872 000	35 176 000
Expenditure	50 534 000	59 611 000	70 746 000	34 718 000
Operating Profit	1 340 000	9 930 000	7 126 000	458 000
Financial Income	51 000	73 000	50 000	22 000
Financial Costs	127 000	454 000	115 000	79 000
Financial Balance	−76 000	−381 000	−65 000	−57 000
Earnings Before Tax	1 264 000	9 549 000	7 061 000	402 000
Tax	281 000	2 132 000	1 143 000	0
Net Income	984 000	7 417 000	5 917 000	402 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	375 000	383 000	169 000	306 000
Total Current Assets	14 372 000	14 952 000	15 394 000	6 878 000
Total Assets	14 747 000	15 335 000	15 563 000	7 185 000
Total Retained Equity	8 788 000	7 805 000	6 838 000	2 370 000
Total Equity	9 248 000	8 265 000	7 298 000	2 830 000
Total Long-Term Debt	0	0	0	144 000
Total Current Debt	5 499 000	7 070 000	8 266 000	4 211 000
Total Equity and Debt	14 747 000	15 335 000	15 563 000	7 185 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	51 874 000	69 541 000	77 744 000	35 176 000
Other Income	0	0	128 000	0
Revenue	51 874 000	69 541 000	77 872 000	35 176 000
Cost of Goods Sold	38 261 000	49 969 000	62 391 000	28 266 000
Salary Costs	6 486 000	5 160 000	3 640 000	2 992 000
Depreciation	123 000	87 000	137 000	178 000
Impairment	6 000	0	0	0
Expenditure	50 534 000	59 611 000	70 746 000	34 718 000
Operating Profit	1 340 000	9 930 000	7 126 000	458 000
Financial Income	51 000	73 000	50 000	22 000
Financial Costs	127 000	454 000	115 000	79 000
Financial Balance	−76 000	−381 000	−65 000	−57 000
Dividends	0	6 450 000	1 300 000	0
Net Income	984 000	7 417 000	5 917 000	402 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	48 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	79 000	77 000	137 000	198 000
Fixtures	248 000	306 000	32 000	109 000
Total Tangible Assets	327 000	383 000	169 000	306 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	375 000	383 000	169 000	306 000
Stock	8 606 000	9 721 000	7 379 000	6 178 000
Total Investments	357 000	357 000	0	0
Cash, Bank	5 162 000	4 510 000	7 551 000	530 000
Total Current Assets	14 372 000	14 952 000	15 394 000	6 878 000
Total Assets	14 747 000	15 335 000	15 563 000	7 185 000
Total Equity	9 248 000	8 265 000	7 298 000	2 830 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	144 000
Creditors	2 060 000	2 531 000	2 802 000	1 145 000
Unpaid Taxes	2 194 000	1 869 000	2 219 000	1 199 000
Dividends	0	6 450 000	1 300 000	0
Other Current Debt	964 000	539 000	801 000	611 000
Total Current Debt	5 499 000	7 070 000	8 266 000	4 211 000
Total Equity and Debt	14 747 000	15 335 000	15 563 000	7 185 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,64 %	89,74 %	81,08 %	14,2 %
Debt-to-Equity Ratio	0	0	0	0,05
Operating Profit Margin	2,58 %	14,28 %	9,15 %	1,3 %
Current Ratio	2,61	2,11	1,86	1,63
Quick Ratio	−4,63	−5,64	17,36	−3,5
Equity Ratio	0,63	0,54	0,47	0,39
Gross Profit Margin	26,24 %	28,14 %	19,88 %	19,64 %