SØRVIK AS

8754 ØRESVIK

Finances

Share Ownership

Return on Equity

51,2 %

Current Ratio

2,91

Debt-to-Equity Ratio

3,9

Key figures (NOK)	2022	2021	2020
Revenue	2 157 000	1 202 000	1 042 000
Net Income	257 000	63 000	85 000
Total Assets	2 849 000	2 752 000	2 905 000
Total Equity	502 000	244 000	181 000

Income (NOK)	2022	2021	2020
Revenue	2 157 000	1 202 000	1 042 000
Expenditure	1 721 000	1 023 000	913 000
Operating Profit	436 000	180 000	129 000
Financial Income	2 000	0	0
Financial Costs	109 000	110 000	20 000
Financial Balance	−107 000	−110 000	−20 000
Earnings Before Tax	330 000	70 000	109 000
Tax	73 000	7 000	24 000
Net Income	257 000	63 000	85 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 719 000	1 875 000	2 032 000
Total Current Assets	1 130 000	877 000	873 000
Total Assets	2 849 000	2 752 000	2 905 000
Total Retained Equity	406 000	148 000	85 000
Total Equity	502 000	244 000	181 000
Total Long-Term Debt	1 959 000	2 183 000	2 451 000
Total Current Debt	388 000	325 000	273 000
Total Equity and Debt	2 849 000	2 752 000	2 905 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 124 000	1 176 000	1 042 000
Other Income	33 000	26 000	0
Revenue	2 157 000	1 202 000	1 042 000
Cost of Goods Sold	11 000	0	0
Salary Costs	1 061 000	586 000	536 000
Depreciation	157 000	157 000	52 000
Impairment	0	0	0
Expenditure	1 721 000	1 023 000	913 000
Operating Profit	436 000	180 000	129 000
Financial Income	2 000	0	0
Financial Costs	109 000	110 000	20 000
Financial Balance	−107 000	−110 000	−20 000
Dividends	0	0	0
Net Income	257 000	63 000	85 000

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	22 000	31 000	39 000
Fixtures	11 000	15 000	19 000
Total Tangible Assets	1 719 000	1 875 000	2 032 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 719 000	1 875 000	2 032 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	880 000	620 000	363 000
Total Current Assets	1 130 000	877 000	873 000
Total Assets	2 849 000	2 752 000	2 905 000
Total Equity	502 000	244 000	181 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 959 000	2 183 000	2 451 000
Creditors	0	0	58 000
Unpaid Taxes	346 000	301 000	195 000
Dividends	0	0	0
Other Current Debt	19 000	23 000	20 000
Total Current Debt	388 000	325 000	273 000
Total Equity and Debt	2 849 000	2 752 000	2 905 000

Financial indicators	2022	2021	2020
Return on Equity	51,2 %	25,82 %	46,96 %
Debt-to-Equity Ratio	3,9	8,95	13,54
Operating Profit Margin	20,21 %	14,98 %	12,38 %
Current Ratio	2,91	2,7	3,2
Quick Ratio	2,91	2,7	3,2
Equity Ratio	0,18	0,09	0,06
Gross Profit Margin	99,49 %	100 %	100 %