SØRENSEN AS

3720 SKIEN

Finances

Return on Equity

15,92 %

Current Ratio

59,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 411 000	846 000	883 000	729 000
Net Income	2 421 000	292 000	−12 000	−233 000
Total Assets	15 416 000	12 958 000	12 562 000	12 615 000
Total Equity	15 209 000	12 787 000	12 496 000	12 507 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 411 000	846 000	883 000	729 000
Expenditure	2 616 000	557 000	915 000	1 052 000
Operating Profit	−1 206 000	289 000	−32 000	−324 000
Financial Income	3 601 000	28 000	20 000	84 000
Financial Costs	0	0	0	5 000
Financial Balance	3 601 000	28 000	20 000	79 000
Earnings Before Tax	2 396 000	317 000	−12 000	−245 000
Tax	−26 000	26 000	0	−12 000
Net Income	2 421 000	292 000	−12 000	−233 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 083 000	3 126 000	3 172 000	3 233 000
Total Current Assets	12 333 000	9 832 000	9 390 000	9 383 000
Total Assets	15 416 000	12 958 000	12 562 000	12 615 000
Total Retained Equity	7 959 000	5 537 000	5 246 000	5 257 000
Total Equity	15 209 000	12 787 000	12 496 000	12 507 000
Total Long-Term Debt	0	26 000	0	0
Total Current Debt	207 000	145 000	67 000	108 000
Total Equity and Debt	15 416 000	12 958 000	12 562 000	12 615 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	729 000
Other Income	1 411 000	846 000	883 000	0
Revenue	1 411 000	846 000	883 000	729 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	38 000
Depreciation	64 000	61 000	61 000	59 000
Impairment	0	0	0	0
Expenditure	2 616 000	557 000	915 000	1 052 000
Operating Profit	−1 206 000	289 000	−32 000	−324 000
Financial Income	3 601 000	28 000	20 000	84 000
Financial Costs	0	0	0	5 000
Financial Balance	3 601 000	28 000	20 000	79 000
Dividends	0	0	0	0
Net Income	2 421 000	292 000	−12 000	−233 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 339 000	1 452 000	1 513 000	1 574 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	70 000	0	0	0
Total Tangible Assets	1 409 000	1 452 000	1 513 000	1 574 000
Total Fiancial Fixed Assets	1 674 000	1 674 000	1 659 000	1 659 000
Total Fixed Assets	3 083 000	3 126 000	3 172 000	3 233 000
Stock	1 250 000	3 065 000	3 065 000	3 065 000
Total Investments	0	0	0	0
Cash, Bank	9 870 000	6 057 000	3 055 000	3 168 000
Total Current Assets	12 333 000	9 832 000	9 390 000	9 383 000
Total Assets	15 416 000	12 958 000	12 562 000	12 615 000
Total Equity	15 209 000	12 787 000	12 496 000	12 507 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	26 000	0	0
Creditors	170 000	108 000	29 000	21 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	37 000	37 000	37 000	87 000
Total Current Debt	207 000	145 000	67 000	108 000
Total Equity and Debt	15 416 000	12 958 000	12 562 000	12 615 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,92 %	2,28 %	−0,1 %	−1,86 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−85,47 %	34,16 %	−3,62 %	−44,44 %
Current Ratio	59,58	67,81	140,15	86,88
Quick Ratio	−11,82	−3,37	−3,13	−3,17
Equity Ratio	0,99	0,99	0,99	0,99
Gross Profit Margin	100 %	100 %	100 %	100 %