SØRCO EIENDOMSUTVIKLING AS

4842 ARENDAL

Finances

Return on Equity

30,84 %

Current Ratio

1,15

Debt-to-Equity Ratio

2,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	133 000	111 000	100 000	0
Net Income	2 236 000	697 000	216 000	−6 000
Total Assets	31 204 000	23 986 000	18 741 000	15 446 000
Total Equity	7 250 000	7 232 000	6 766 000	6 755 000

Income (NOK)	2022	2021	2020	2019
Revenue	133 000	111 000	100 000	0
Expenditure	54 000	34 000	55 000	0
Operating Profit	80 000	77 000	45 000	0
Financial Income	3 252 000	997 000	364 000	0
Financial Costs	606 000	315 000	132 000	9 000
Financial Balance	2 646 000	682 000	232 000	−9 000
Earnings Before Tax	2 726 000	759 000	277 000	−9 000
Tax	490 000	62 000	61 000	−3 000
Net Income	2 236 000	697 000	216 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 011 000	20 357 000	16 842 000	15 346 000
Total Current Assets	3 193 000	3 628 000	1 898 000	100 000
Total Assets	31 204 000	23 986 000	18 741 000	15 446 000
Total Retained Equity	489 000	471 000	6 000	−6 000
Total Equity	7 250 000	7 232 000	6 766 000	6 755 000
Total Long-Term Debt	21 184 000	16 428 000	11 679 000	8 685 000
Total Current Debt	2 770 000	326 000	296 000	6 000
Total Equity and Debt	31 204 000	23 986 000	18 741 000	15 446 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	133 000	111 000	100 000	0
Other Income	0	0	0	0
Revenue	133 000	111 000	100 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	54 000	34 000	55 000	0
Operating Profit	80 000	77 000	45 000	0
Financial Income	3 252 000	997 000	364 000	0
Financial Costs	606 000	315 000	132 000	9 000
Financial Balance	2 646 000	682 000	232 000	−9 000
Dividends	191 000	13 000	0	0
Net Income	2 236 000	697 000	216 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	28 011 000	20 357 000	16 842 000	15 342 000
Total Fixed Assets	28 011 000	20 357 000	16 842 000	15 346 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	152 000	2 706 000	1 536 000	100 000
Total Current Assets	3 193 000	3 628 000	1 898 000	100 000
Total Assets	31 204 000	23 986 000	18 741 000	15 446 000
Total Equity	7 250 000	7 232 000	6 766 000	6 755 000
Short-Term Group Debt	2 517 000	281 000	262 000	0
Total Long-Term Debt	21 184 000	16 428 000	11 679 000	8 685 000
Creditors	1 000	0	0	6 000
Unpaid Taxes	0	0	0	0
Dividends	191 000	13 000	0	0
Other Current Debt	61 000	33 000	33 000	0
Total Current Debt	2 770 000	326 000	296 000	6 000
Total Equity and Debt	31 204 000	23 986 000	18 741 000	15 446 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,84 %	9,64 %	3,19 %	−0,09 %
Debt-to-Equity Ratio	2,92	2,27	1,73	1,29
Operating Profit Margin	60,15 %	69,37 %	45 %	-
Current Ratio	1,15	11,13	6,41	16,67
Quick Ratio	1,15	11,13	6,41	16,67
Equity Ratio	0,23	0,3	0,36	0,44
Gross Profit Margin	100 %	100 %	100 %	-