SØRMASKIN MANAGEMENT AS

4636 KRISTIANSAND S

Finances

Return on Equity

2,8 %

Current Ratio

1,17

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 135 000	3 284 000	2 360 000	2 757 000
Net Income	596 000	1 142 000	6 676 000	785 000
Total Assets	34 745 000	34 957 000	30 661 000	29 545 000
Total Equity	21 259 000	21 053 000	19 911 000	15 939 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 135 000	3 284 000	2 360 000	2 757 000
Expenditure	5 195 000	3 482 000	2 393 000	2 195 000
Operating Profit	−59 000	−197 000	−32 000	562 000
Financial Income	957 000	1 476 000	7 035 000	618 000
Financial Costs	379 000	206 000	348 000	338 000
Financial Balance	578 000	1 270 000	6 687 000	280 000
Earnings Before Tax	519 000	1 072 000	6 655 000	842 000
Tax	−77 000	−70 000	−21 000	57 000
Net Income	596 000	1 142 000	6 676 000	785 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 629 000	31 590 000	25 502 000	26 465 000
Total Current Assets	2 116 000	3 368 000	5 160 000	3 080 000
Total Assets	34 745 000	34 957 000	30 661 000	29 545 000
Total Retained Equity	14 563 000	14 357 000	13 215 000	9 243 000
Total Equity	21 259 000	21 053 000	19 911 000	15 939 000
Total Long-Term Debt	11 675 000	11 799 000	9 619 000	11 795 000
Total Current Debt	1 810 000	2 106 000	1 131 000	1 811 000
Total Equity and Debt	34 745 000	34 957 000	30 661 000	29 545 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	14 000	14 000
Other Income	5 135 000	3 284 000	2 347 000	2 743 000
Revenue	5 135 000	3 284 000	2 360 000	2 757 000
Cost of Goods Sold	502 000	59 000	0	3 000
Salary Costs	1 350 000	1 268 000	461 000	4 000
Depreciation	909 000	585 000	442 000	463 000
Impairment	0	0	0	0
Expenditure	5 195 000	3 482 000	2 393 000	2 195 000
Operating Profit	−59 000	−197 000	−32 000	562 000
Financial Income	957 000	1 476 000	7 035 000	618 000
Financial Costs	379 000	206 000	348 000	338 000
Financial Balance	578 000	1 270 000	6 687 000	280 000
Dividends	390 000	0	2 704 000	300 000
Net Income	596 000	1 142 000	6 676 000	785 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	11 158 000	11 213 000	7 035 000	7 434 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	25 000	41 000	31 000	0
Total Tangible Assets	11 183 000	11 255 000	7 066 000	7 434 000
Total Fiancial Fixed Assets	21 446 000	20 335 000	18 436 000	19 031 000
Total Fixed Assets	32 629 000	31 590 000	25 502 000	26 465 000
Stock	0	0	0	0
Total Investments	294 000	274 000	216 000	286 000
Cash, Bank	429 000	1 849 000	2 949 000	2 306 000
Total Current Assets	2 116 000	3 368 000	5 160 000	3 080 000
Total Assets	34 745 000	34 957 000	30 661 000	29 545 000
Total Equity	21 259 000	21 053 000	19 911 000	15 939 000
Short-Term Group Debt	0	0	349 000	952 000
Total Long-Term Debt	11 675 000	11 799 000	9 619 000	11 795 000
Creditors	122 000	1 199 000	192 000	250 000
Unpaid Taxes	329 000	135 000	95 000	0
Dividends	390 000	0	2 704 000	300 000
Other Current Debt	1 059 000	771 000	440 000	213 000
Total Current Debt	1 810 000	2 106 000	1 131 000	1 811 000
Total Equity and Debt	34 745 000	34 957 000	30 661 000	29 545 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,8 %	5,42 %	33,53 %	4,93 %
Debt-to-Equity Ratio	0,55	0,56	0,48	0,74
Operating Profit Margin	−1,15 %	−6 %	−1,36 %	20,38 %
Current Ratio	1,17	1,6	4,56	1,7
Quick Ratio	1,17	1,6	4,56	1,7
Equity Ratio	0,61	0,6	0,65	0,54
Gross Profit Margin	90,22 %	98,2 %	100 %	99,89 %