H K SØRENSEN AS

9300 FINNSNES

Finances

Return on Equity

40,46 %

Current Ratio

1,69

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 100 000	19 625 000	18 319 000	15 191 000
Net Income	1 717 000	1 956 000	762 000	1 812 000
Total Assets	9 605 000	8 365 000	7 456 000	8 000 000
Total Equity	4 244 000	4 527 000	4 071 000	3 309 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 100 000	19 625 000	18 319 000	15 191 000
Expenditure	22 585 000	17 177 000	17 486 000	12 932 000
Operating Profit	2 516 000	2 448 000	833 000	2 260 000
Financial Income	70 000	49 000	48 000	61 000
Financial Costs	311 000	0	1 000	2 000
Financial Balance	−241 000	49 000	47 000	59 000
Earnings Before Tax	2 274 000	2 497 000	880 000	2 319 000
Tax	557 000	541 000	119 000	506 000
Net Income	1 717 000	1 956 000	762 000	1 812 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	533 000	796 000	620 000	1 173 000
Total Current Assets	9 072 000	7 568 000	6 837 000	6 827 000
Total Assets	9 605 000	8 365 000	7 456 000	8 000 000
Total Retained Equity	4 144 000	4 427 000	3 971 000	3 209 000
Total Equity	4 244 000	4 527 000	4 071 000	3 309 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 360 000	3 837 000	3 385 000	4 690 000
Total Equity and Debt	9 605 000	8 365 000	7 456 000	8 000 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 100 000	19 625 000	18 319 000	15 191 000
Other Income	0	0	0	0
Revenue	25 100 000	19 625 000	18 319 000	15 191 000
Cost of Goods Sold	10 590 000	7 027 000	7 779 000	4 682 000
Salary Costs	9 660 000	8 407 000	7 986 000	5 844 000
Depreciation	122 000	118 000	152 000	162 000
Impairment	0	0	0	0
Expenditure	22 585 000	17 177 000	17 486 000	12 932 000
Operating Profit	2 516 000	2 448 000	833 000	2 260 000
Financial Income	70 000	49 000	48 000	61 000
Financial Costs	311 000	0	1 000	2 000
Financial Balance	−241 000	49 000	47 000	59 000
Dividends	0	0	0	0
Net Income	1 717 000	1 956 000	762 000	1 812 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	39 000	45 000	43 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	215 000	213 000	239 000	392 000
Total Tangible Assets	215 000	213 000	239 000	392 000
Total Fiancial Fixed Assets	278 000	538 000	337 000	781 000
Total Fixed Assets	533 000	796 000	620 000	1 173 000
Stock	426 000	393 000	367 000	454 000
Total Investments	0	0	0	0
Cash, Bank	4 883 000	4 707 000	4 413 000	4 689 000
Total Current Assets	9 072 000	7 568 000	6 837 000	6 827 000
Total Assets	9 605 000	8 365 000	7 456 000	8 000 000
Total Equity	4 244 000	4 527 000	4 071 000	3 309 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 851 000	951 000	1 024 000	776 000
Unpaid Taxes	1 115 000	1 065 000	1 068 000	902 000
Dividends	0	0	0	0
Other Current Debt	1 843 000	1 277 000	1 132 000	2 506 000
Total Current Debt	5 360 000	3 837 000	3 385 000	4 690 000
Total Equity and Debt	9 605 000	8 365 000	7 456 000	8 000 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,46 %	43,21 %	18,72 %	54,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,02 %	12,47 %	4,55 %	14,88 %
Current Ratio	1,69	1,97	2,02	1,46
Quick Ratio	1,84	2,2	2,27	1,61
Equity Ratio	0,44	0,54	0,55	0,41
Gross Profit Margin	57,81 %	64,19 %	57,54 %	69,18 %