SØRHEIM AS

4270 ÅKREHAMN

Finances

Return on Equity

2,51 %

Current Ratio

3,5

Debt-to-Equity Ratio

2,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 000	0	903 000	0
Net Income	22 000	−4 000	1 487 000	994 000
Total Assets	3 190 000	3 353 000	4 485 000	5 300 000
Total Equity	877 000	856 000	860 000	74 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 000	0	903 000	0
Expenditure	35 000	30 000	163 000	32 000
Operating Profit	−3 000	−30 000	741 000	−32 000
Financial Income	32 000	24 000	925 000	1 025 000
Financial Costs	0	0	13 000	0
Financial Balance	32 000	24 000	912 000	1 025 000
Earnings Before Tax	28 000	−6 000	1 653 000	992 000
Tax	6 000	−1 000	166 000	−2 000
Net Income	22 000	−4 000	1 487 000	994 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 560 000	2 499 000	2 499 000	3 729 000
Total Current Assets	630 000	854 000	1 986 000	1 571 000
Total Assets	3 190 000	3 353 000	4 485 000	5 300 000
Total Retained Equity	847 000	826 000	830 000	44 000
Total Equity	877 000	856 000	860 000	74 000
Total Long-Term Debt	2 132 000	2 445 000	2 573 000	2 690 000
Total Current Debt	180 000	52 000	1 051 000	2 536 000
Total Equity and Debt	3 190 000	3 353 000	4 485 000	5 300 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	32 000	0	903 000	0
Revenue	32 000	0	903 000	0
Cost of Goods Sold	0	0	87 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	35 000	30 000	163 000	32 000
Operating Profit	−3 000	−30 000	741 000	−32 000
Financial Income	32 000	24 000	925 000	1 025 000
Financial Costs	0	0	13 000	0
Financial Balance	32 000	24 000	912 000	1 025 000
Dividends	0	0	0	0
Net Income	22 000	−4 000	1 487 000	994 000

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	2 560 000	2 499 000	2 499 000	3 729 000
Total Fixed Assets	2 560 000	2 499 000	2 499 000	3 729 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	40 000	27 000	501 000	1 000
Total Current Assets	630 000	854 000	1 986 000	1 571 000
Total Assets	3 190 000	3 353 000	4 485 000	5 300 000
Total Equity	877 000	856 000	860 000	74 000
Short-Term Group Debt	40 000	0	0	0
Total Long-Term Debt	2 132 000	2 445 000	2 573 000	2 690 000
Creditors	0	0	2 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	105 000	5 000	887 000	2 510 000
Total Current Debt	180 000	52 000	1 051 000	2 536 000
Total Equity and Debt	3 190 000	3 353 000	4 485 000	5 300 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,51 %	−0,47 %	172,91 %	1 343,24 %
Debt-to-Equity Ratio	2,43	2,86	2,99	36,35
Operating Profit Margin	−9,38 %	-	82,06 %	-
Current Ratio	3,5	16,42	1,89	0,62
Quick Ratio	3,5	16,42	1,89	0,62
Equity Ratio	0,27	0,26	0,19	0,01
Gross Profit Margin	100 %	-	90,37 %	-