SORTLAND APARTMENTS AS

8402 SORTLAND

Finances

Share Ownership

Return on Equity

262,79 %

Current Ratio

0,49

Debt-to-Equity Ratio

−32,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	156 000	164 000	354 000	503 000
Net Income	−565 000	−581 000	−191 000	38 000
Total Assets	6 883 000	6 879 000	6 958 000	7 257 000
Total Equity	−215 000	350 000	930 000	1 121 000

Income (NOK)	2022	2021	2020	2019
Revenue	156 000	164 000	354 000	503 000
Expenditure	230 000	233 000	199 000	245 000
Operating Profit	−74 000	−69 000	155 000	259 000
Financial Income	1 000	0	0	0
Financial Costs	492 000	512 000	346 000	188 000
Financial Balance	−491 000	−512 000	−346 000	−188 000
Earnings Before Tax	−565 000	−581 000	−191 000	71 000
Tax	0	0	0	33 000
Net Income	−565 000	−581 000	−191 000	38 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 789 000	6 834 000	6 914 000	7 238 000
Total Current Assets	94 000	46 000	44 000	19 000
Total Assets	6 883 000	6 879 000	6 958 000	7 257 000
Total Retained Equity	−245 000	0	83 000	273 000
Total Equity	−215 000	350 000	930 000	1 121 000
Total Long-Term Debt	6 907 000	6 428 000	5 936 000	5 897 000
Total Current Debt	191 000	101 000	92 000	239 000
Total Equity and Debt	6 883 000	6 879 000	6 958 000	7 257 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	156 000	164 000	354 000	503 000
Other Income	0	0	0	0
Revenue	156 000	164 000	354 000	503 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	78 000	78 000	78 000	78 000
Impairment	0	0	0	0
Expenditure	230 000	233 000	199 000	245 000
Operating Profit	−74 000	−69 000	155 000	259 000
Financial Income	1 000	0	0	0
Financial Costs	492 000	512 000	346 000	188 000
Financial Balance	−491 000	−512 000	−346 000	−188 000
Dividends	0	0	0	0
Net Income	−565 000	−581 000	−191 000	38 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 069 000	4 147 000	4 225 000	4 303 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 069 000	4 147 000	4 225 000	4 303 000
Total Fiancial Fixed Assets	2 720 000	2 686 000	2 689 000	2 935 000
Total Fixed Assets	6 789 000	6 834 000	6 914 000	7 238 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	0	0	6 000
Total Current Assets	94 000	46 000	44 000	19 000
Total Assets	6 883 000	6 879 000	6 958 000	7 257 000
Total Equity	−215 000	350 000	930 000	1 121 000
Short-Term Group Debt	15 000	15 000	15 000	30 000
Total Long-Term Debt	6 907 000	6 428 000	5 936 000	5 897 000
Creditors	9 000	10 000	12 000	37 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	124 000	32 000	32 000	36 000
Total Current Debt	191 000	101 000	92 000	239 000
Total Equity and Debt	6 883 000	6 879 000	6 958 000	7 257 000

Financial indicators	2022	2021	2020	2019
Return on Equity	262,79 %	−166 %	−20,54 %	3,39 %
Debt-to-Equity Ratio	−32,13	18,37	6,38	5,26
Operating Profit Margin	−47,44 %	−42,07 %	43,79 %	51,49 %
Current Ratio	0,49	0,46	0,48	0,08
Quick Ratio	0,49	0,46	0,48	0,08
Equity Ratio	−0,03	0,05	0,13	0,15
Gross Profit Margin	100 %	100 %	100 %	100 %