SØSTRENE AS

6415 MOLDE

Finances

Share Ownership

Return on Equity

51,2 %

Current Ratio

2,01

Debt-to-Equity Ratio

−3,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 470 000	6 318 000	5 714 000	4 825 000
Net Income	−257 000	3 000	37 000	−49 000
Total Assets	2 393 000	2 055 000	1 488 000	1 535 000
Total Equity	−502 000	−245 000	−248 000	−284 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 470 000	6 318 000	5 714 000	4 825 000
Expenditure	6 780 000	6 312 000	5 666 000	4 885 000
Operating Profit	−310 000	7 000	48 000	−59 000
Financial Income	0	0	0	0
Financial Costs	18 000	3 000	1 000	4 000
Financial Balance	−18 000	−3 000	−1 000	−4 000
Earnings Before Tax	−329 000	4 000	47 000	−63 000
Tax	−72 000	1 000	10 000	−14 000
Net Income	−257 000	3 000	37 000	−49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	307 000	261 000	292 000	335 000
Total Current Assets	2 086 000	1 794 000	1 196 000	1 200 000
Total Assets	2 393 000	2 055 000	1 488 000	1 535 000
Total Retained Equity	−602 000	−345 000	−348 000	−384 000
Total Equity	−502 000	−245 000	−248 000	−284 000
Total Long-Term Debt	1 856 000	1 379 000	1 119 000	1 101 000
Total Current Debt	1 038 000	921 000	616 000	719 000
Total Equity and Debt	2 393 000	2 055 000	1 488 000	1 535 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 426 000	6 318 000	5 714 000	4 825 000
Other Income	44 000	0	0	0
Revenue	6 470 000	6 318 000	5 714 000	4 825 000
Cost of Goods Sold	3 599 000	3 502 000	3 231 000	2 517 000
Salary Costs	2 028 000	1 723 000	1 358 000	1 491 000
Depreciation	26 000	30 000	33 000	33 000
Impairment	0	0	0	0
Expenditure	6 780 000	6 312 000	5 666 000	4 885 000
Operating Profit	−310 000	7 000	48 000	−59 000
Financial Income	0	0	0	0
Financial Costs	18 000	3 000	1 000	4 000
Financial Balance	−18 000	−3 000	−1 000	−4 000
Dividends	0	0	0	0
Net Income	−257 000	3 000	37 000	−49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	275 000	203 000	204 000	214 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	58 000	88 000	121 000
Total Tangible Assets	32 000	58 000	88 000	121 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	307 000	261 000	292 000	335 000
Stock	1 818 000	1 574 000	1 156 000	1 097 000
Total Investments	0	0	0	0
Cash, Bank	149 000	113 000	32 000	85 000
Total Current Assets	2 086 000	1 794 000	1 196 000	1 200 000
Total Assets	2 393 000	2 055 000	1 488 000	1 535 000
Total Equity	−502 000	−245 000	−248 000	−284 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 856 000	1 379 000	1 119 000	1 101 000
Creditors	586 000	490 000	289 000	460 000
Unpaid Taxes	193 000	199 000	120 000	110 000
Dividends	0	0	0	0
Other Current Debt	259 000	232 000	208 000	149 000
Total Current Debt	1 038 000	921 000	616 000	719 000
Total Equity and Debt	2 393 000	2 055 000	1 488 000	1 535 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,2 %	−1,22 %	−14,92 %	17,25 %
Debt-to-Equity Ratio	−3,7	−5,63	−4,51	−3,88
Operating Profit Margin	−4,79 %	0,11 %	0,84 %	−1,22 %
Current Ratio	2,01	1,95	1,94	1,67
Quick Ratio	−2,67	−2,75	−2,21	−3,17
Equity Ratio	−0,21	−0,12	−0,17	−0,19
Gross Profit Margin	44,37 %	44,57 %	43,45 %	47,83 %