SØRENSEN MASKIN AS

3720 SKIEN

Finances

Return on Equity

−12,04 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 677 000	31 221 000	13 774 000	26 828 000
Net Income	−2 776 000	9 865 000	1 128 000	943 000
Total Assets	64 150 000	44 887 000	34 071 000	22 176 000
Total Equity	23 050 000	25 826 000	15 962 000	14 834 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 677 000	31 221 000	13 774 000	26 828 000
Expenditure	20 327 000	22 064 000	20 590 000	21 634 000
Operating Profit	−3 536 000	12 599 000	1 393 000	1 215 000
Financial Income	47 000	60 000	65 000	7 000
Financial Costs	54 000	12 000	11 000	101 000
Financial Balance	−7 000	48 000	54 000	−94 000
Earnings Before Tax	−3 544 000	12 647 000	1 447 000	1 121 000
Tax	−768 000	2 783 000	320 000	178 000
Net Income	−2 776 000	9 865 000	1 128 000	943 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 959 000	1 195 000	1 779 000	1 058 000
Total Current Assets	59 191 000	43 692 000	32 292 000	21 118 000
Total Assets	64 150 000	44 887 000	34 071 000	22 176 000
Total Retained Equity	20 800 000	23 576 000	13 712 000	12 584 000
Total Equity	23 050 000	25 826 000	15 962 000	14 834 000
Total Long-Term Debt	0	0	120 000	49 000
Total Current Debt	41 100 000	19 061 000	17 989 000	7 293 000
Total Equity and Debt	64 150 000	44 887 000	34 071 000	22 176 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 615 000	30 679 000	13 545 000	26 177 000
Other Income	62 000	541 000	229 000	652 000
Revenue	2 677 000	31 221 000	13 774 000	26 828 000
Cost of Goods Sold	7 094 000	9 427 000	8 807 000	10 658 000
Salary Costs	6 741 000	7 323 000	6 845 000	6 800 000
Depreciation	232 000	195 000	172 000	144 000
Impairment	0	0	0	0
Expenditure	20 327 000	22 064 000	20 590 000	21 634 000
Operating Profit	−3 536 000	12 599 000	1 393 000	1 215 000
Financial Income	47 000	60 000	65 000	7 000
Financial Costs	54 000	12 000	11 000	101 000
Financial Balance	−7 000	48 000	54 000	−94 000
Dividends	0	0	0	0
Net Income	−2 776 000	9 865 000	1 128 000	943 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	775 000	7 000	0	0
Real Eastate	2 000 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	376 000	439 000	654 000	491 000
Total Tangible Assets	2 896 000	439 000	654 000	491 000
Total Fiancial Fixed Assets	1 288 000	749 000	1 125 000	567 000
Total Fixed Assets	4 959 000	1 195 000	1 779 000	1 058 000
Stock	35 009 000	20 894 000	17 303 000	9 344 000
Total Investments	0	0	0	0
Cash, Bank	17 367 000	13 419 000	14 123 000	10 262 000
Total Current Assets	59 191 000	43 692 000	32 292 000	21 118 000
Total Assets	64 150 000	44 887 000	34 071 000	22 176 000
Total Equity	23 050 000	25 826 000	15 962 000	14 834 000
Short-Term Group Debt	641 000	0	0	0
Total Long-Term Debt	0	0	120 000	49 000
Creditors	1 840 000	1 573 000	1 149 000	1 468 000
Unpaid Taxes	2 692 000	2 169 000	592 000	1 771 000
Dividends	0	0	0	0
Other Current Debt	35 927 000	12 409 000	16 000 000	3 926 000
Total Current Debt	41 100 000	19 061 000	17 989 000	7 293 000
Total Equity and Debt	64 150 000	44 887 000	34 071 000	22 176 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,04 %	38,2 %	7,07 %	6,36 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	−132,09 %	40,35 %	10,11 %	4,53 %
Current Ratio	1,44	2,29	1,8	2,9
Quick Ratio	9,72	−23,84	47,07	−10,3
Equity Ratio	0,36	0,58	0,47	0,67
Gross Profit Margin	−165 %	69,81 %	36,06 %	60,27 %