SONGE BAKKEN AS

4900 TVEDESTRAND

Finances

Share Ownership

Return on Equity

25,55 %

Current Ratio

2,9

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020
Revenue	8 452 000	7 582 000	4 926 000
Net Income	519 000	419 000	1 438 000
Total Assets	3 680 000	3 250 000	3 473 000
Total Equity	2 031 000	1 587 000	1 468 000

Income (NOK)	2022	2021	2020
Revenue	8 452 000	7 582 000	4 926 000
Expenditure	7 754 000	6 984 000	3 048 000
Operating Profit	698 000	599 000	1 878 000
Financial Income	1 000	0	0
Financial Costs	42 000	39 000	38 000
Financial Balance	−41 000	−39 000	−38 000
Earnings Before Tax	657 000	560 000	1 841 000
Tax	138 000	141 000	403 000
Net Income	519 000	419 000	1 438 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	146 000	192 000	43 000
Total Current Assets	3 534 000	3 058 000	3 430 000
Total Assets	3 680 000	3 250 000	3 473 000
Total Retained Equity	2 001 000	1 557 000	1 438 000
Total Equity	2 031 000	1 587 000	1 468 000
Total Long-Term Debt	430 000	460 000	503 000
Total Current Debt	1 219 000	1 203 000	1 503 000
Total Equity and Debt	3 680 000	3 250 000	3 473 000

Cash flow (NOK)	2022	2021	2020
Sales Income	8 452 000	7 582 000	4 926 000
Other Income	0	0	0
Revenue	8 452 000	7 582 000	4 926 000
Cost of Goods Sold	4 446 000	3 843 000	1 409 000
Salary Costs	1 996 000	1 910 000	950 000
Depreciation	46 000	31 000	7 000
Impairment	0	0	0
Expenditure	7 754 000	6 984 000	3 048 000
Operating Profit	698 000	599 000	1 878 000
Financial Income	1 000	0	0
Financial Costs	42 000	39 000	38 000
Financial Balance	−41 000	−39 000	−38 000
Dividends	75 000	300 000	0
Net Income	519 000	419 000	1 438 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	146 000	192 000	43 000
Total Tangible Assets	146 000	192 000	43 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	146 000	192 000	43 000
Stock	2 173 000	1 655 000	1 264 000
Total Investments	0	0	0
Cash, Bank	1 238 000	1 160 000	2 140 000
Total Current Assets	3 534 000	3 058 000	3 430 000
Total Assets	3 680 000	3 250 000	3 473 000
Total Equity	2 031 000	1 587 000	1 468 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	430 000	460 000	503 000
Creditors	267 000	487 000	377 000
Unpaid Taxes	422 000	337 000	256 000
Dividends	75 000	300 000	0
Other Current Debt	259 000	238 000	467 000
Total Current Debt	1 219 000	1 203 000	1 503 000
Total Equity and Debt	3 680 000	3 250 000	3 473 000

Financial indicators	2022	2021	2020
Return on Equity	25,55 %	26,4 %	97,96 %
Debt-to-Equity Ratio	0,21	0,29	0,34
Operating Profit Margin	8,26 %	7,9 %	38,12 %
Current Ratio	2,9	2,54	2,28
Quick Ratio	−3,7	−6,77	14,35
Equity Ratio	0,55	0,49	0,42
Gross Profit Margin	47,4 %	49,31 %	71,4 %