SORBPRO SYSTEMS AS

2092 MINNESUND

Finances

Share Ownership

Return on Equity

11,73 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 929 000	186 000	54 000	113 000
Net Income	23 000	18 000	−26 000	−168 000
Total Assets	684 000	283 000	288 000	477 000
Total Equity	196 000	−127 000	−145 000	−120 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 929 000	186 000	54 000	113 000
Expenditure	2 895 000	160 000	85 000	328 000
Operating Profit	35 000	26 000	−47 000	−215 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	0	0
Financial Balance	−6 000	−3 000	0	0
Earnings Before Tax	29 000	23 000	−47 000	−215 000
Tax	6 000	5 000	−21 000	−47 000
Net Income	23 000	18 000	−26 000	−168 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	53 000	60 000	65 000	44 000
Total Current Assets	631 000	223 000	223 000	433 000
Total Assets	684 000	283 000	288 000	477 000
Total Retained Equity	−104 000	−159 000	−177 000	−151 000
Total Equity	196 000	−127 000	−145 000	−120 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	489 000	410 000	434 000	596 000
Total Equity and Debt	684 000	283 000	288 000	477 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 929 000	186 000	54 000	113 000
Other Income	0	0	0	0
Revenue	2 929 000	186 000	54 000	113 000
Cost of Goods Sold	2 801 000	25 000	10 000	11 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 895 000	160 000	85 000	328 000
Operating Profit	35 000	26 000	−47 000	−215 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	0	0
Financial Balance	−6 000	−3 000	0	0
Dividends	0	0	0	0
Net Income	23 000	18 000	−26 000	−168 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000	60 000	65 000	44 000
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	0	0
Total Fixed Assets	53 000	60 000	65 000	44 000
Stock	34 000	34 000	34 000	50 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	53 000
Total Current Assets	631 000	223 000	223 000	433 000
Total Assets	684 000	283 000	288 000	477 000
Total Equity	196 000	−127 000	−145 000	−120 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	178 000	125 000	125 000	581 000
Unpaid Taxes	45 000	0	0	−2 000
Dividends	0	0	0	0
Other Current Debt	6 000	30 000	30 000	17 000
Total Current Debt	489 000	410 000	434 000	596 000
Total Equity and Debt	684 000	283 000	288 000	477 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,73 %	−14,17 %	17,93 %	140 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	1,19 %	13,98 %	−87,04 %	−190,27 %
Current Ratio	1,29	0,54	0,51	0,73
Quick Ratio	1,39	0,59	0,56	0,79
Equity Ratio	0,29	−0,45	−0,5	−0,25
Gross Profit Margin	4,37 %	86,56 %	81,48 %	90,27 %