SORKA SKOG AS

2266 ARNEBERG

Finances

Share Ownership

Return on Equity

−13,9 %

Current Ratio

2,04

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 742 000	10 730 000	8 120 000	5 994 000
Net Income	−290 000	619 000	231 000	506 000
Total Assets	4 904 000	4 434 000	3 746 000	2 338 000
Total Equity	2 087 000	2 378 000	1 758 000	1 527 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 742 000	10 730 000	8 120 000	5 994 000
Expenditure	10 007 000	9 878 000	7 717 000	5 322 000
Operating Profit	−265 000	852 000	403 000	671 000
Financial Income	0	0	0	0
Financial Costs	107 000	74 000	105 000	10 000
Financial Balance	−107 000	−74 000	−105 000	−10 000
Earnings Before Tax	−372 000	778 000	298 000	662 000
Tax	−82 000	159 000	67 000	156 000
Net Income	−290 000	619 000	231 000	506 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	295 000	405 000	518 000	512 000
Total Current Assets	4 610 000	4 029 000	3 227 000	1 825 000
Total Assets	4 904 000	4 434 000	3 746 000	2 338 000
Total Retained Equity	2 037 000	2 328 000	1 708 000	1 477 000
Total Equity	2 087 000	2 378 000	1 758 000	1 527 000
Total Long-Term Debt	561 000	785 000	847 000	384 000
Total Current Debt	2 256 000	1 271 000	1 140 000	427 000
Total Equity and Debt	4 904 000	4 434 000	3 746 000	2 338 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 937 000	9 678 000	7 963 000	5 994 000
Other Income	805 000	1 052 000	157 000	0
Revenue	9 742 000	10 730 000	8 120 000	5 994 000
Cost of Goods Sold	3 285 000	3 315 000	2 926 000	1 731 000
Salary Costs	374 000	476 000	180 000	175 000
Depreciation	116 000	114 000	173 000	105 000
Impairment	0	0	0	0
Expenditure	10 007 000	9 878 000	7 717 000	5 322 000
Operating Profit	−265 000	852 000	403 000	671 000
Financial Income	0	0	0	0
Financial Costs	107 000	74 000	105 000	10 000
Financial Balance	−107 000	−74 000	−105 000	−10 000
Dividends	0	0	0	0
Net Income	−290 000	619 000	231 000	506 000

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	86 000	147 000	213 000	102 000
Fixtures	209 000	257 000	306 000	55 000
Total Tangible Assets	295 000	405 000	518 000	157 000
Total Fiancial Fixed Assets	0	0	0	355 000
Total Fixed Assets	295 000	405 000	518 000	512 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	294 000	831 000	30 000	172 000
Total Current Assets	4 610 000	4 029 000	3 227 000	1 825 000
Total Assets	4 904 000	4 434 000	3 746 000	2 338 000
Total Equity	2 087 000	2 378 000	1 758 000	1 527 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	561 000	785 000	847 000	384 000
Creditors	941 000	449 000	671 000	171 000
Unpaid Taxes	323 000	276 000	62 000	81 000
Dividends	0	0	0	0
Other Current Debt	992 000	482 000	340 000	19 000
Total Current Debt	2 256 000	1 271 000	1 140 000	427 000
Total Equity and Debt	4 904 000	4 434 000	3 746 000	2 338 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,9 %	26,03 %	13,14 %	33,14 %
Debt-to-Equity Ratio	0,27	0,33	0,48	0,25
Operating Profit Margin	−2,72 %	7,94 %	4,96 %	11,19 %
Current Ratio	2,04	3,17	2,83	4,27
Quick Ratio	2,04	3,17	2,83	4,27
Equity Ratio	0,43	0,54	0,47	0,65
Gross Profit Margin	66,28 %	69,11 %	63,97 %	71,12 %