SØRE VORSETVATN AS

3628 VEGGLI

Finances

Share Ownership

Return on Equity

35,35 %

Current Ratio

3,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 557 000	2 682 000	0
Net Income	550 000	731 000	−19 000
Total Assets	4 142 000	3 352 000	1 197 000
Total Equity	1 556 000	1 006 000	275 000

Income (NOK)	2022	2021	2020
Revenue	2 557 000	2 682 000	0
Expenditure	1 766 000	1 684 000	1 000
Operating Profit	791 000	998 000	−1 000
Financial Income	0	0	0
Financial Costs	86 000	68 000	18 000
Financial Balance	−86 000	−68 000	−18 000
Earnings Before Tax	705 000	930 000	−19 000
Tax	155 000	199 000	0
Net Income	550 000	731 000	−19 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	307 000	319 000	0
Total Current Assets	3 835 000	3 033 000	1 197 000
Total Assets	4 142 000	3 352 000	1 197 000
Total Retained Equity	1 262 000	712 000	−19 000
Total Equity	1 556 000	1 006 000	275 000
Total Long-Term Debt	1 552 000	2 152 000	519 000
Total Current Debt	1 034 000	194 000	403 000
Total Equity and Debt	4 142 000	3 352 000	1 197 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 557 000	2 682 000	0
Other Income	0	0	0
Revenue	2 557 000	2 682 000	0
Cost of Goods Sold	1 586 000	1 629 000	0
Salary Costs	0	0	0
Depreciation	12 000	5 000	0
Impairment	0	0	0
Expenditure	1 766 000	1 684 000	1 000
Operating Profit	791 000	998 000	−1 000
Financial Income	0	0	0
Financial Costs	86 000	68 000	18 000
Financial Balance	−86 000	−68 000	−18 000
Dividends	0	0	0
Net Income	550 000	731 000	−19 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	307 000	319 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	307 000	319 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	307 000	319 000	0
Stock	1 642 000	2 123 000	1 063 000
Total Investments	0	0	0
Cash, Bank	592 000	910 000	134 000
Total Current Assets	3 835 000	3 033 000	1 197 000
Total Assets	4 142 000	3 352 000	1 197 000
Total Equity	1 556 000	1 006 000	275 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 552 000	2 152 000	519 000
Creditors	30 000	−3 000	403 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	849 000	0	0
Total Current Debt	1 034 000	194 000	403 000
Total Equity and Debt	4 142 000	3 352 000	1 197 000

Financial indicators	2022	2021	2020
Return on Equity	35,35 %	72,66 %	−6,91 %
Debt-to-Equity Ratio	1	2,14	1,89
Operating Profit Margin	30,93 %	37,21 %	-
Current Ratio	3,71	15,63	2,97
Quick Ratio	−6,31	−1,57	−1,81
Equity Ratio	0,38	0,3	0,23
Gross Profit Margin	37,97 %	39,26 %	-