SØTVEDT MASKIN AS

3719 SKIEN

Finances

Share Ownership

Return on Equity

−26,37 %

Current Ratio

1,34

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 970 000	15 175 000	17 359 000	16 974 000
Net Income	−780 000	−256 000	253 000	431 000
Total Assets	7 293 000	9 319 000	8 753 000	9 175 000
Total Equity	2 958 000	4 138 000	4 694 000	804 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 970 000	15 175 000	17 359 000	16 974 000
Expenditure	18 882 000	15 473 000	16 967 000	16 321 000
Operating Profit	−913 000	−298 000	392 000	653 000
Financial Income	0	0	1 000	2 000
Financial Costs	34 000	30 000	63 000	102 000
Financial Balance	−34 000	−30 000	−62 000	−100 000
Earnings Before Tax	−946 000	−328 000	329 000	553 000
Tax	−166 000	−72 000	76 000	121 000
Net Income	−780 000	−256 000	253 000	431 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 011 000	3 135 000	3 499 000	4 816 000
Total Current Assets	5 281 000	6 184 000	5 254 000	4 359 000
Total Assets	7 293 000	9 319 000	8 753 000	9 175 000
Total Retained Equity	−998 000	182 000	738 000	504 000
Total Equity	2 958 000	4 138 000	4 694 000	804 000
Total Long-Term Debt	396 000	760 000	1 064 000	5 767 000
Total Current Debt	3 939 000	4 421 000	2 995 000	2 605 000
Total Equity and Debt	7 293 000	9 319 000	8 753 000	9 175 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 461 000	14 719 000	17 334 000	16 822 000
Other Income	509 000	456 000	25 000	152 000
Revenue	17 970 000	15 175 000	17 359 000	16 974 000
Cost of Goods Sold	4 845 000	2 610 000	4 705 000	4 320 000
Salary Costs	4 494 000	4 346 000	4 200 000	4 008 000
Depreciation	831 000	1 156 000	1 448 000	1 644 000
Impairment	0	0	0	0
Expenditure	18 882 000	15 473 000	16 967 000	16 321 000
Operating Profit	−913 000	−298 000	392 000	653 000
Financial Income	0	0	1 000	2 000
Financial Costs	34 000	30 000	63 000	102 000
Financial Balance	−34 000	−30 000	−62 000	−100 000
Dividends	400 000	300 000	200 000	200 000
Net Income	−780 000	−256 000	253 000	431 000

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	2 011 000	3 135 000	3 499 000	4 816 000
Total Tangible Assets	2 011 000	3 135 000	3 499 000	4 816 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 011 000	3 135 000	3 499 000	4 816 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	313 000	129 000	904 000	551 000
Total Current Assets	5 281 000	6 184 000	5 254 000	4 359 000
Total Assets	7 293 000	9 319 000	8 753 000	9 175 000
Total Equity	2 958 000	4 138 000	4 694 000	804 000
Short-Term Group Debt	296 000	440 000	240 000	0
Total Long-Term Debt	396 000	760 000	1 064 000	5 767 000
Creditors	1 570 000	1 962 000	1 024 000	875 000
Unpaid Taxes	802 000	795 000	583 000	636 000
Dividends	400 000	300 000	200 000	200 000
Other Current Debt	871 000	770 000	733 000	682 000
Total Current Debt	3 939 000	4 421 000	2 995 000	2 605 000
Total Equity and Debt	7 293 000	9 319 000	8 753 000	9 175 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,37 %	−6,19 %	5,39 %	53,61 %
Debt-to-Equity Ratio	0,13	0,18	0,23	7,17
Operating Profit Margin	−5,08 %	−1,96 %	2,26 %	3,85 %
Current Ratio	1,34	1,4	1,75	1,67
Quick Ratio	1,34	1,4	1,75	1,67
Equity Ratio	0,41	0,44	0,54	0,09
Gross Profit Margin	73,04 %	82,8 %	72,9 %	74,55 %