SKAGERAK ØRRET AS

3766 SANNIDAL

Finances

Share Ownership

Return on Equity

−3,37 %

Current Ratio

1,51

Debt-to-Equity Ratio

−2,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	485 000	552 000	532 000	10 000
Net Income	7 000	27 000	70 000	76 000
Total Assets	502 000	475 000	491 000	429 000
Total Equity	−208 000	−215 000	−243 000	−313 000

Income (NOK)	2022	2021	2020	2019
Revenue	485 000	552 000	532 000	10 000
Expenditure	476 000	516 000	442 000	53 000
Operating Profit	9 000	35 000	90 000	−43 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	9 000	35 000	90 000	−43 000
Tax	2 000	8 000	20 000	−119 000
Net Income	7 000	27 000	70 000	76 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	333 000	353 000	379 000	417 000
Total Current Assets	169 000	121 000	112 000	12 000
Total Assets	502 000	475 000	491 000	429 000
Total Retained Equity	−558 000	−565 000	−593 000	−663 000
Total Equity	−208 000	−215 000	−243 000	−313 000
Total Long-Term Debt	598 000	598 000	673 000	0
Total Current Debt	112 000	92 000	61 000	742 000
Total Equity and Debt	502 000	475 000	491 000	429 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	474 000	543 000	532 000	0
Other Income	11 000	9 000	0	10 000
Revenue	485 000	552 000	532 000	10 000
Cost of Goods Sold	33 000	34 000	34 000	0
Salary Costs	331 000	365 000	261 000	0
Depreciation	18 000	18 000	18 000	18 000
Impairment	0	0	0	0
Expenditure	476 000	516 000	442 000	53 000
Operating Profit	9 000	35 000	90 000	−43 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	7 000	27 000	70 000	76 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	89 000	91 000	99 000	119 000
Real Eastate	243 000	262 000	280 000	298 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	243 000	262 000	280 000	298 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	333 000	353 000	379 000	417 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	133 000	110 000	102 000	12 000
Total Current Assets	169 000	121 000	112 000	12 000
Total Assets	502 000	475 000	491 000	429 000
Total Equity	−208 000	−215 000	−243 000	−313 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	598 000	598 000	673 000	0
Creditors	4 000	3 000	2 000	1 000
Unpaid Taxes	66 000	41 000	19 000	0
Dividends	0	0	0	0
Other Current Debt	42 000	47 000	40 000	741 000
Total Current Debt	112 000	92 000	61 000	742 000
Total Equity and Debt	502 000	475 000	491 000	429 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,37 %	−12,56 %	−28,81 %	−24,28 %
Debt-to-Equity Ratio	−2,88	−2,78	−2,77	−0
Operating Profit Margin	1,86 %	6,34 %	16,92 %	−430 %
Current Ratio	1,51	1,32	1,84	0,02
Quick Ratio	1,51	1,32	1,84	0,02
Equity Ratio	−0,41	−0,45	−0,49	−0,73
Gross Profit Margin	93,2 %	93,84 %	93,61 %	100 %