SØRENSEN SPORT AS

1400 SKI

Finances

Share Ownership

Return on Equity

472,5 %

Current Ratio

2,29

Debt-to-Equity Ratio

−34,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 046 000	22 660 000	26 639 000	15 699 000
Net Income	−1 323 000	743 000	383 000	−3 035 000
Total Assets	15 476 000	16 615 000	14 918 000	9 818 000
Total Equity	−280 000	−244 000	−2 243 000	−3 694 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 046 000	22 660 000	26 639 000	15 699 000
Expenditure	22 986 000	21 643 000	25 962 000	18 520 000
Operating Profit	−941 000	1 017 000	678 000	−2 820 000
Financial Income	0	0	1 000	5 000
Financial Costs	383 000	274 000	297 000	220 000
Financial Balance	−383 000	−274 000	−296 000	−215 000
Earnings Before Tax	−1 323 000	743 000	383 000	−3 035 000
Tax	0	0	0	0
Net Income	−1 323 000	743 000	383 000	−3 035 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 544 000	2 166 000	2 282 000	2 579 000
Total Current Assets	13 931 000	14 449 000	12 636 000	7 239 000
Total Assets	15 476 000	16 615 000	14 918 000	9 818 000
Total Retained Equity	−310 000	−274 000	−2 273 000	−3 724 000
Total Equity	−280 000	−244 000	−2 243 000	−3 694 000
Total Long-Term Debt	9 667 000	9 295 000	9 024 000	9 115 000
Total Current Debt	6 089 000	7 564 000	8 136 000	4 396 000
Total Equity and Debt	15 476 000	16 615 000	14 918 000	9 818 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 046 000	22 660 000	26 639 000	15 699 000
Other Income	0	0	0	0
Revenue	22 046 000	22 660 000	26 639 000	15 699 000
Cost of Goods Sold	14 582 000	13 886 000	17 643 000	10 623 000
Salary Costs	4 388 000	3 796 000	4 702 000	4 862 000
Depreciation	622 000	573 000	551 000	260 000
Impairment	0	0	0	0
Expenditure	22 986 000	21 643 000	25 962 000	18 520 000
Operating Profit	−941 000	1 017 000	678 000	−2 820 000
Financial Income	0	0	1 000	5 000
Financial Costs	383 000	274 000	297 000	220 000
Financial Balance	−383 000	−274 000	−296 000	−215 000
Dividends	0	0	0	0
Net Income	−1 323 000	743 000	383 000	−3 035 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	55 000	119 000	183 000
Total Intangible Assets	0	55 000	119 000	183 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	558 000	647 000	737 000	0
Fixtures	777 000	1 255 000	1 216 000	2 187 000
Total Tangible Assets	1 334 000	1 902 000	1 953 000	2 187 000
Total Fiancial Fixed Assets	210 000	210 000	210 000	208 000
Total Fixed Assets	1 544 000	2 166 000	2 282 000	2 579 000
Stock	11 294 000	9 401 000	7 420 000	5 017 000
Total Investments	0	0	0	0
Cash, Bank	1 117 000	1 005 000	915 000	812 000
Total Current Assets	13 931 000	14 449 000	12 636 000	7 239 000
Total Assets	15 476 000	16 615 000	14 918 000	9 818 000
Total Equity	−280 000	−244 000	−2 243 000	−3 694 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 667 000	9 295 000	9 024 000	9 115 000
Creditors	5 072 000	6 549 000	6 611 000	3 382 000
Unpaid Taxes	378 000	318 000	790 000	342 000
Dividends	0	0	0	0
Other Current Debt	639 000	698 000	734 000	672 000
Total Current Debt	6 089 000	7 564 000	8 136 000	4 396 000
Total Equity and Debt	15 476 000	16 615 000	14 918 000	9 818 000

Financial indicators	2022	2021	2020	2019
Return on Equity	472,5 %	−304,51 %	−17,08 %	82,16 %
Debt-to-Equity Ratio	−34,53	−38,09	−4,02	−2,47
Operating Profit Margin	−4,27 %	4,49 %	2,55 %	−17,96 %
Current Ratio	2,29	1,91	1,55	1,65
Quick Ratio	−2,68	−7,87	17,65	−11,66
Equity Ratio	−0,02	−0,01	−0,15	−0,38
Gross Profit Margin	33,86 %	38,72 %	33,77 %	32,33 %