SØVIK & SKÅRAVIK AS

6020 ÅLESUND

Finances

Return on Equity

21,09 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	110 544 000	91 814 000	101 724 000	74 501 000
Net Income	2 296 000	2 644 000	402 000	1 106 000
Total Assets	32 813 000	28 596 000	18 763 000	28 292 000
Total Equity	10 886 000	8 590 000	5 946 000	5 543 000

Income (NOK)	2022	2021	2020	2019
Revenue	110 544 000	91 814 000	101 724 000	74 501 000
Expenditure	107 326 000	88 243 000	101 014 000	72 914 000
Operating Profit	3 217 000	3 570 000	711 000	1 586 000
Financial Income	72 000	85 000	128 000	78 000
Financial Costs	253 000	200 000	236 000	230 000
Financial Balance	−181 000	−115 000	−108 000	−152 000
Earnings Before Tax	3 037 000	3 455 000	603 000	1 435 000
Tax	741 000	811 000	200 000	329 000
Net Income	2 296 000	2 644 000	402 000	1 106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 217 000	3 348 000	2 750 000	3 043 000
Total Current Assets	29 597 000	25 248 000	16 012 000	25 249 000
Total Assets	32 813 000	28 596 000	18 763 000	28 292 000
Total Retained Equity	9 636 000	7 340 000	4 696 000	4 293 000
Total Equity	10 886 000	8 590 000	5 946 000	5 543 000
Total Long-Term Debt	1 568 000	1 766 000	1 960 000	2 250 000
Total Current Debt	20 359 000	18 241 000	10 857 000	20 499 000
Total Equity and Debt	32 813 000	28 596 000	18 763 000	28 292 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	109 849 000	91 529 000	101 714 000	74 495 000
Other Income	695 000	285 000	10 000	7 000
Revenue	110 544 000	91 814 000	101 724 000	74 501 000
Cost of Goods Sold	60 626 000	49 416 000	59 629 000	38 780 000
Salary Costs	36 499 000	30 482 000	32 863 000	26 502 000
Depreciation	283 000	287 000	280 000	278 000
Impairment	0	0	0	0
Expenditure	107 326 000	88 243 000	101 014 000	72 914 000
Operating Profit	3 217 000	3 570 000	711 000	1 586 000
Financial Income	72 000	85 000	128 000	78 000
Financial Costs	253 000	200 000	236 000	230 000
Financial Balance	−181 000	−115 000	−108 000	−152 000
Dividends	0	0	0	0
Net Income	2 296 000	2 644 000	402 000	1 106 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 691 000	1 691 000	1 691 000	1 691 000
Machinery and Plant Facilities	86 000	141 000	191 000	296 000
Fixtures	74 000	254 000	434 000	578 000
Total Tangible Assets	1 852 000	2 086 000	2 316 000	2 566 000
Total Fiancial Fixed Assets	1 365 000	1 262 000	435 000	478 000
Total Fixed Assets	3 217 000	3 348 000	2 750 000	3 043 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 104 000	7 819 000	4 178 000	8 549 000
Total Current Assets	29 597 000	25 248 000	16 012 000	25 249 000
Total Assets	32 813 000	28 596 000	18 763 000	28 292 000
Total Equity	10 886 000	8 590 000	5 946 000	5 543 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 568 000	1 766 000	1 960 000	2 250 000
Creditors	7 019 000	8 931 000	3 154 000	13 980 000
Unpaid Taxes	5 570 000	5 351 000	4 484 000	3 690 000
Dividends	0	0	0	0
Other Current Debt	5 004 000	3 148 000	3 019 000	2 499 000
Total Current Debt	20 359 000	18 241 000	10 857 000	20 499 000
Total Equity and Debt	32 813 000	28 596 000	18 763 000	28 292 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,09 %	30,78 %	6,76 %	19,95 %
Debt-to-Equity Ratio	0,14	0,21	0,33	0,41
Operating Profit Margin	2,91 %	3,89 %	0,7 %	2,13 %
Current Ratio	1,45	1,38	1,47	1,23
Quick Ratio	1,45	1,38	1,47	1,23
Equity Ratio	0,33	0,3	0,32	0,2
Gross Profit Margin	45,16 %	46,18 %	41,38 %	47,95 %