SØRNESVÅGEN AS

6009 ÅLESUND

Finances

Share Ownership

Return on Equity

75,14 %

Current Ratio

0,28

Debt-to-Equity Ratio

−10,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	984 000	1 051 000	0	0
Net Income	−1 466 000	−425 000	−457 000	0
Total Assets	18 980 000	19 859 000	19 083 000	18 997 000
Total Equity	−1 951 000	−484 000	−432 000	24 000

Income (NOK)	2022	2021	2020
Revenue	984 000	1 051 000	0
Expenditure	1 758 000	1 025 000	16 000
Operating Profit	−773 000	26 000	−16 000
Financial Income	0	0	0
Financial Costs	693 000	451 000	441 000
Financial Balance	−693 000	−451 000	−441 000
Earnings Before Tax	−1 466 000	−425 000	−457 000
Tax	0	0	0
Net Income	−1 466 000	−425 000	−457 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 840 000	19 420 000	18 943 000	18 997 000
Total Current Assets	140 000	439 000	140 000	0
Total Assets	18 980 000	19 859 000	19 083 000	18 997 000
Total Retained Equity	−1 975 000	−509 000	−457 000	0
Total Equity	−1 951 000	−484 000	−432 000	24 000
Total Long-Term Debt	20 433 000	20 173 000	19 483 000	18 973 000
Total Current Debt	498 000	170 000	33 000	0
Total Equity and Debt	18 980 000	19 859 000	19 083 000	18 997 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	984 000	1 051 000	0
Revenue	984 000	1 051 000	0
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	580 000	580 000	0
Impairment	0	0	0
Expenditure	1 758 000	1 025 000	16 000
Operating Profit	−773 000	26 000	−16 000
Financial Income	0	0	0
Financial Costs	693 000	451 000	441 000
Financial Balance	−693 000	−451 000	−441 000
Dividends	0	0	0
Net Income	−1 466 000	−425 000	−457 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	18 840 000	19 420 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	18 840 000	19 420 000	0	0
Total Fiancial Fixed Assets	0	0	18 943 000	18 997 000
Total Fixed Assets	18 840 000	19 420 000	18 943 000	18 997 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 000	439 000	140 000	0
Total Current Assets	140 000	439 000	140 000	0
Total Assets	18 980 000	19 859 000	19 083 000	18 997 000
Total Equity	−1 951 000	−484 000	−432 000	24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 433 000	20 173 000	19 483 000	18 973 000
Creditors	346 000	13 000	0	0
Unpaid Taxes	0	35 000	0	0
Dividends	0	0	0	0
Other Current Debt	152 000	122 000	33 000	0
Total Current Debt	498 000	170 000	33 000	0
Total Equity and Debt	18 980 000	19 859 000	19 083 000	18 997 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,14 %	87,81 %	105,79 %	0 %
Debt-to-Equity Ratio	−10,47	−41,68	−45,1	790,54
Operating Profit Margin	−78,56 %	2,47 %	-	-
Current Ratio	0,28	2,58	4,24	-
Quick Ratio	0,28	2,58	4,24	-
Equity Ratio	−0,1	−0,02	−0,02	0
Gross Profit Margin	100 %	100 %	-	-