SØRMO AS

7600 LEVANGER

Finances

Share Ownership

Return on Equity

22,04 %

Current Ratio

4,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 319 000	11 083 000	9 491 000	9 257 000
Net Income	2 184 000	1 603 000	716 000	976 000
Total Assets	11 997 000	9 310 000	7 207 000	7 249 000
Total Equity	9 909 000	7 725 000	6 123 000	5 407 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 319 000	11 083 000	9 491 000	9 257 000
Expenditure	10 312 000	9 008 000	8 755 000	7 985 000
Operating Profit	3 008 000	2 075 000	736 000	1 273 000
Financial Income	36 000	6 000	15 000	43 000
Financial Costs	22 000	26 000	48 000	61 000
Financial Balance	14 000	−20 000	−33 000	−18 000
Earnings Before Tax	3 022 000	2 055 000	702 000	1 254 000
Tax	838 000	453 000	−14 000	279 000
Net Income	2 184 000	1 603 000	716 000	976 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 969 000	1 734 000	2 112 000	1 663 000
Total Current Assets	10 028 000	7 575 000	5 095 000	5 586 000
Total Assets	11 997 000	9 310 000	7 207 000	7 249 000
Total Retained Equity	9 809 000	7 625 000	6 023 000	5 307 000
Total Equity	9 909 000	7 725 000	6 123 000	5 407 000
Total Long-Term Debt	24 000	92 000	140 000	553 000
Total Current Debt	2 064 000	1 493 000	945 000	1 290 000
Total Equity and Debt	11 997 000	9 310 000	7 207 000	7 249 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 319 000	11 083 000	9 016 000	9 202 000
Other Income	0	0	476 000	55 000
Revenue	13 319 000	11 083 000	9 491 000	9 257 000
Cost of Goods Sold	3 806 000	3 115 000	2 898 000	2 748 000
Salary Costs	3 872 000	3 697 000	3 707 000	3 260 000
Depreciation	534 000	460 000	399 000	368 000
Impairment	0	0	0	0
Expenditure	10 312 000	9 008 000	8 755 000	7 985 000
Operating Profit	3 008 000	2 075 000	736 000	1 273 000
Financial Income	36 000	6 000	15 000	43 000
Financial Costs	22 000	26 000	48 000	61 000
Financial Balance	14 000	−20 000	−33 000	−18 000
Dividends	0	0	0	0
Net Income	2 184 000	1 603 000	716 000	976 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	45 000	52 000	58 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	99 000	124 000	149 000	174 000
Fixtures	1 657 000	1 392 000	1 738 000	1 321 000
Total Tangible Assets	1 757 000	1 516 000	1 886 000	1 495 000
Total Fiancial Fixed Assets	167 000	167 000	168 000	168 000
Total Fixed Assets	1 969 000	1 734 000	2 112 000	1 663 000
Stock	181 000	304 000	200 000	173 000
Total Investments	0	0	0	0
Cash, Bank	5 353 000	4 305 000	2 685 000	3 704 000
Total Current Assets	10 028 000	7 575 000	5 095 000	5 586 000
Total Assets	11 997 000	9 310 000	7 207 000	7 249 000
Total Equity	9 909 000	7 725 000	6 123 000	5 407 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 000	92 000	140 000	553 000
Creditors	394 000	422 000	316 000	526 000
Unpaid Taxes	540 000	203 000	200 000	217 000
Dividends	0	0	0	0
Other Current Debt	395 000	367 000	365 000	326 000
Total Current Debt	2 064 000	1 493 000	945 000	1 290 000
Total Equity and Debt	11 997 000	9 310 000	7 207 000	7 249 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,04 %	20,75 %	11,69 %	18,05 %
Debt-to-Equity Ratio	0	0,01	0,02	0,1
Operating Profit Margin	22,58 %	18,72 %	7,75 %	13,75 %
Current Ratio	4,86	5,07	5,39	4,33
Quick Ratio	5,33	6,37	6,84	5
Equity Ratio	0,83	0,83	0,85	0,75
Gross Profit Margin	71,42 %	71,89 %	69,47 %	70,31 %