SORTLAND ELEKTRO AS

8400 SORTLAND

Finances

Return on Equity

−511,82 %

Current Ratio

1,53

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 256 000	15 630 000	16 232 000	16 122 000
Net Income	−13 896 000	582 000	−123 000	−91 000
Total Assets	6 071 000	19 037 000	18 627 000	21 133 000
Total Equity	2 715 000	16 611 000	16 029 000	16 152 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 256 000	15 630 000	16 232 000	16 122 000
Expenditure	24 727 000	15 374 000	16 716 000	16 553 000
Operating Profit	−13 471 000	256 000	−483 000	−430 000
Financial Income	26 000	499 000	351 000	372 000
Financial Costs	26 000	42 000	26 000	58 000
Financial Balance	0	457 000	325 000	314 000
Earnings Before Tax	−13 471 000	712 000	−158 000	−116 000
Tax	425 000	130 000	−35 000	−26 000
Net Income	−13 896 000	582 000	−123 000	−91 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	939 000	13 593 000	13 384 000	13 284 000
Total Current Assets	5 132 000	5 444 000	5 243 000	7 849 000
Total Assets	6 071 000	19 037 000	18 627 000	21 133 000
Total Retained Equity	2 615 000	16 511 000	15 929 000	16 052 000
Total Equity	2 715 000	16 611 000	16 029 000	16 152 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 356 000	2 426 000	2 598 000	4 981 000
Total Equity and Debt	6 071 000	19 037 000	18 627 000	21 133 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 254 000	15 621 000	16 219 000	16 117 000
Other Income	2 000	9 000	14 000	5 000
Revenue	11 256 000	15 630 000	16 232 000	16 122 000
Cost of Goods Sold	5 628 000	7 369 000	8 326 000	7 691 000
Salary Costs	3 843 000	4 405 000	4 593 000	5 138 000
Depreciation	3 000	17 000	32 000	61 000
Impairment	0	0	0	0
Expenditure	24 727 000	15 374 000	16 716 000	16 553 000
Operating Profit	−13 471 000	256 000	−483 000	−430 000
Financial Income	26 000	499 000	351 000	372 000
Financial Costs	26 000	42 000	26 000	58 000
Financial Balance	0	457 000	325 000	314 000
Dividends	0	0	0	0
Net Income	−13 896 000	582 000	−123 000	−91 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	425 000	556 000	521 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	15 000
Fixtures	0	3 000	20 000	37 000
Total Tangible Assets	0	3 000	20 000	52 000
Total Fiancial Fixed Assets	939 000	13 164 000	12 808 000	12 712 000
Total Fixed Assets	939 000	13 593 000	13 384 000	13 284 000
Stock	2 985 000	2 890 000	2 917 000	2 973 000
Total Investments	0	0	0	0
Cash, Bank	643 000	954 000	516 000	602 000
Total Current Assets	5 132 000	5 444 000	5 243 000	7 849 000
Total Assets	6 071 000	19 037 000	18 627 000	21 133 000
Total Equity	2 715 000	16 611 000	16 029 000	16 152 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 032 000	752 000	506 000	769 000
Unpaid Taxes	200 000	235 000	270 000	255 000
Dividends	0	0	0	0
Other Current Debt	2 124 000	1 439 000	1 821 000	3 957 000
Total Current Debt	3 356 000	2 426 000	2 598 000	4 981 000
Total Equity and Debt	6 071 000	19 037 000	18 627 000	21 133 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−511,82 %	3,5 %	−0,77 %	−0,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−119,68 %	1,64 %	−2,98 %	−2,67 %
Current Ratio	1,53	2,24	2,02	1,58
Quick Ratio	13,83	−11,73	−16,44	3,91
Equity Ratio	0,45	0,87	0,86	0,76
Gross Profit Margin	50 %	52,85 %	48,71 %	52,3 %