SORTLANDS MØBELSENTER AS

5430 BREMNES

Finances

Return on Equity

434,62 %

Current Ratio

1,12

Debt-to-Equity Ratio

−9,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 147 000	13 427 000	11 873 000	10 828 000
Net Income	−565 000	25 000	−389 000	−219 000
Total Assets	5 396 000	5 788 000	5 526 000	4 085 000
Total Equity	−130 000	436 000	411 000	800 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 147 000	13 427 000	11 873 000	10 828 000
Expenditure	12 108 000	13 281 000	12 230 000	10 952 000
Operating Profit	39 000	147 000	−356 000	−123 000
Financial Income	4 000	4 000	4 000	1 000
Financial Costs	173 000	118 000	147 000	158 000
Financial Balance	−169 000	−114 000	−143 000	−157 000
Earnings Before Tax	−130 000	33 000	−499 000	−280 000
Tax	435 000	8 000	−110 000	−62 000
Net Income	−565 000	25 000	−389 000	−219 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	543 000	1 142 000	1 314 000	403 000
Total Current Assets	4 853 000	4 646 000	4 211 000	3 682 000
Total Assets	5 396 000	5 788 000	5 526 000	4 085 000
Total Retained Equity	−930 000	−364 000	−389 000	−1 177 000
Total Equity	−130 000	436 000	411 000	800 000
Total Long-Term Debt	1 189 000	1 398 000	1 069 000	477 000
Total Current Debt	4 336 000	3 955 000	4 046 000	2 808 000
Total Equity and Debt	5 396 000	5 788 000	5 526 000	4 085 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 073 000	13 423 000	11 838 000	10 801 000
Other Income	74 000	4 000	36 000	26 000
Revenue	12 147 000	13 427 000	11 873 000	10 828 000
Cost of Goods Sold	6 835 000	7 865 000	7 180 000	6 641 000
Salary Costs	2 631 000	2 679 000	2 703 000	2 504 000
Depreciation	164 000	165 000	135 000	12 000
Impairment	0	0	0	0
Expenditure	12 108 000	13 281 000	12 230 000	10 952 000
Operating Profit	39 000	147 000	−356 000	−123 000
Financial Income	4 000	4 000	4 000	1 000
Financial Costs	173 000	118 000	147 000	158 000
Financial Balance	−169 000	−114 000	−143 000	−157 000
Dividends	0	0	0	0
Net Income	−565 000	25 000	−389 000	−219 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	435 000	443 000	333 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	219 000	319 000	419 000	0
Fixtures	275 000	339 000	404 000	21 000
Total Tangible Assets	494 000	658 000	823 000	21 000
Total Fiancial Fixed Assets	49 000	49 000	49 000	49 000
Total Fixed Assets	543 000	1 142 000	1 314 000	403 000
Stock	4 128 000	3 973 000	3 263 000	2 874 000
Total Investments	0	0	0	0
Cash, Bank	95 000	69 000	134 000	175 000
Total Current Assets	4 853 000	4 646 000	4 211 000	3 682 000
Total Assets	5 396 000	5 788 000	5 526 000	4 085 000
Total Equity	−130 000	436 000	411 000	800 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 189 000	1 398 000	1 069 000	477 000
Creditors	912 000	745 000	1 260 000	623 000
Unpaid Taxes	342 000	441 000	500 000	481 000
Dividends	0	0	0	0
Other Current Debt	562 000	1 305 000	913 000	634 000
Total Current Debt	4 336 000	3 955 000	4 046 000	2 808 000
Total Equity and Debt	5 396 000	5 788 000	5 526 000	4 085 000

Financial indicators	2022	2021	2020	2019
Return on Equity	434,62 %	5,73 %	−94,65 %	−27,38 %
Debt-to-Equity Ratio	−9,15	3,21	2,6	0,6
Operating Profit Margin	0,32 %	1,09 %	−3 %	−1,14 %
Current Ratio	1,12	1,17	1,04	1,31
Quick Ratio	23,33	−258,11	5,38	−55,79
Equity Ratio	−0,02	0,08	0,07	0,2
Gross Profit Margin	43,73 %	41,42 %	39,53 %	38,67 %