SØRCO NEDENES 1 AS

4842 ARENDAL

Finances

Share Ownership

Return on Equity

32,14 %

Current Ratio

1,08

Debt-to-Equity Ratio

6,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 914 000	1 883 000	1 817 000	1 793 000
Net Income	456 000	565 000	496 000	453 000
Total Assets	12 025 000	13 854 000	13 163 000	12 967 000
Total Equity	1 419 000	1 454 000	1 475 000	1 484 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 914 000	1 883 000	1 817 000	1 793 000
Expenditure	937 000	934 000	921 000	894 000
Operating Profit	977 000	948 000	897 000	899 000
Financial Income	10 000	5 000	5 000	7 000
Financial Costs	402 000	229 000	266 000	324 000
Financial Balance	−392 000	−224 000	−261 000	−317 000
Earnings Before Tax	584 000	725 000	636 000	581 000
Tax	129 000	159 000	140 000	128 000
Net Income	456 000	565 000	496 000	453 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 263 000	11 484 000	11 789 000	12 094 000
Total Current Assets	762 000	2 370 000	1 373 000	872 000
Total Assets	12 025 000	13 854 000	13 163 000	12 967 000
Total Retained Equity	1 319 000	1 354 000	1 375 000	1 384 000
Total Equity	1 419 000	1 454 000	1 475 000	1 484 000
Total Long-Term Debt	9 899 000	9 251 000	9 757 000	10 259 000
Total Current Debt	708 000	3 149 000	1 930 000	1 223 000
Total Equity and Debt	12 025 000	13 854 000	13 163 000	12 967 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 914 000	1 883 000	1 817 000	0
Other Income	0	0	0	1 793 000
Revenue	1 914 000	1 883 000	1 817 000	1 793 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	318 000	305 000	305 000	305 000
Impairment	0	0	0	0
Expenditure	937 000	934 000	921 000	894 000
Operating Profit	977 000	948 000	897 000	899 000
Financial Income	10 000	5 000	5 000	7 000
Financial Costs	402 000	229 000	266 000	324 000
Financial Balance	−392 000	−224 000	−261 000	−317 000
Dividends	0	0	0	0
Net Income	456 000	565 000	496 000	453 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	11 263 000	11 484 000	11 789 000	12 094 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	11 263 000	11 484 000	11 789 000	12 094 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 263 000	11 484 000	11 789 000	12 094 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	746 000	2 311 000	1 348 000	662 000
Total Current Assets	762 000	2 370 000	1 373 000	872 000
Total Assets	12 025 000	13 854 000	13 163 000	12 967 000
Total Equity	1 419 000	1 454 000	1 475 000	1 484 000
Short-Term Group Debt	630 000	2 535 000	1 252 000	590 000
Total Long-Term Debt	9 899 000	9 251 000	9 757 000	10 259 000
Creditors	4 000	0	0	4 000
Unpaid Taxes	0	0	0	74 000
Dividends	0	0	0	0
Other Current Debt	74 000	614 000	679 000	556 000
Total Current Debt	708 000	3 149 000	1 930 000	1 223 000
Total Equity and Debt	12 025 000	13 854 000	13 163 000	12 967 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,14 %	38,86 %	33,63 %	30,53 %
Debt-to-Equity Ratio	6,98	6,36	6,61	6,91
Operating Profit Margin	51,04 %	50,35 %	49,37 %	50,14 %
Current Ratio	1,08	0,75	0,71	0,71
Quick Ratio	1,08	0,75	0,71	0,71
Equity Ratio	0,12	0,1	0,11	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %