ERLING SØRHAUG AS

3209 SANDEFJORD

Finances

Return on Equity

51,43 %

Current Ratio

5,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	365 000	325 000	325 000	532 000
Net Income	3 029 000	−553 000	−673 000	19 558 000
Total Assets	6 206 000	5 964 000	9 953 000	16 760 000
Total Equity	5 889 000	5 560 000	8 613 000	15 287 000

Income (NOK)	2022	2021	2020	2019
Revenue	365 000	325 000	325 000	532 000
Expenditure	311 000	836 000	953 000	1 101 000
Operating Profit	54 000	−512 000	−628 000	−569 000
Financial Income	2 975 000	94 000	13 000	19 523 000
Financial Costs	0	136 000	58 000	0
Financial Balance	2 975 000	−42 000	−45 000	19 523 000
Earnings Before Tax	3 029 000	−553 000	−673 000	18 954 000
Tax	0	0	0	−604 000
Net Income	3 029 000	−553 000	−673 000	19 558 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 598 000	0	6 679 000	4 873 000
Total Current Assets	1 608 000	5 964 000	3 274 000	11 888 000
Total Assets	6 206 000	5 964 000	9 953 000	16 760 000
Total Retained Equity	−330 000	−658 000	2 395 000	9 068 000
Total Equity	5 889 000	5 560 000	8 613 000	15 287 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	317 000	404 000	1 340 000	1 474 000
Total Equity and Debt	6 206 000	5 964 000	9 953 000	16 760 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	365 000	325 000	325 000	532 000
Other Income	0	0	0	0
Revenue	365 000	325 000	325 000	532 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	147 000	571 000	612 000
Depreciation	0	500 000	0	0
Impairment	0	0	0	0
Expenditure	311 000	836 000	953 000	1 101 000
Operating Profit	54 000	−512 000	−628 000	−569 000
Financial Income	2 975 000	94 000	13 000	19 523 000
Financial Costs	0	136 000	58 000	0
Financial Balance	2 975 000	−42 000	−45 000	19 523 000
Dividends	0	0	0	0
Net Income	3 029 000	−553 000	−673 000	19 558 000

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	1 433 000	860 000
Total Tangible Assets	0	0	1 433 000	860 000
Total Fiancial Fixed Assets	4 598 000	0	5 246 000	4 013 000
Total Fixed Assets	4 598 000	0	6 679 000	4 873 000
Stock	0	0	0	0
Total Investments	263 000	2 567 000	1 000	0
Cash, Bank	1 251 000	3 224 000	3 009 000	11 608 000
Total Current Assets	1 608 000	5 964 000	3 274 000	11 888 000
Total Assets	6 206 000	5 964 000	9 953 000	16 760 000
Total Equity	5 889 000	5 560 000	8 613 000	15 287 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	84 000	72 000	134 000	147 000
Dividends	0	0	0	0
Other Current Debt	106 000	332 000	1 059 000	1 136 000
Total Current Debt	317 000	404 000	1 340 000	1 474 000
Total Equity and Debt	6 206 000	5 964 000	9 953 000	16 760 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,43 %	−9,95 %	−7,81 %	127,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,79 %	−157,54 %	−193,23 %	−106,95 %
Current Ratio	5,07	14,76	2,44	8,07
Quick Ratio	5,07	14,76	2,44	8,07
Equity Ratio	0,95	0,93	0,87	0,91
Gross Profit Margin	100 %	100 %	100 %	100 %