STIFTELSEN SUNNMØRE FOLKEHØGSKULE

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

25,15 %

Current Ratio

Debt-to-Equity Ratio

8,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 073 000	33 741 000	30 651 000	36 757 000
Net Income	735 000	389 000	533 000	100 000
Total Assets	33 872 000	28 933 000	27 420 000	23 895 000
Total Equity	2 923 000	2 188 000	1 799 000	1 266 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 073 000	33 741 000	30 651 000	36 757 000
Expenditure	38 331 000	33 318 000	30 100 000	36 658 000
Operating Profit	741 000	423 000	551 000	99 000
Financial Income	42 000	2 000	15 000	29 000
Financial Costs	48 000	36 000	33 000	28 000
Financial Balance	−6 000	−34 000	−18 000	1 000
Earnings Before Tax	735 000	389 000	533 000	100 000
Tax	0	0	0	0
Net Income	735 000	389 000	533 000	100 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 055 000	24 368 000	22 967 000	20 671 000
Total Current Assets	5 818 000	4 565 000	4 453 000	3 224 000
Total Assets	33 872 000	28 933 000	27 420 000	23 895 000
Total Retained Equity	2 423 000	1 688 000	1 299 000	766 000
Total Equity	2 923 000	2 188 000	1 799 000	1 266 000
Total Long-Term Debt	25 104 000	21 668 000	20 868 000	18 853 000
Total Current Debt	5 845 000	5 078 000	4 753 000	3 776 000
Total Equity and Debt	33 872 000	28 933 000	27 420 000	23 895 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 744 000	17 205 000	13 820 000	20 141 000
Other Income	17 329 000	16 536 000	16 831 000	16 617 000
Revenue	39 073 000	33 741 000	30 651 000	36 757 000
Cost of Goods Sold	11 465 000	7 193 000	5 528 000	9 926 000
Salary Costs	17 694 000	16 914 000	15 393 000	17 240 000
Depreciation	1 410 000	1 320 000	1 242 000	1 278 000
Impairment	3 879 000	3 821 000	4 080 000	4 083 000
Expenditure	38 331 000	33 318 000	30 100 000	36 658 000
Operating Profit	741 000	423 000	551 000	99 000
Financial Income	42 000	2 000	15 000	29 000
Financial Costs	48 000	36 000	33 000	28 000
Financial Balance	−6 000	−34 000	−18 000	1 000
Dividends	0	0	0	0
Net Income	735 000	389 000	533 000	100 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	25 947 000	22 566 000	21 786 000	19 934 000
Machinery and Plant Facilities	1 451 000	1 026 000	458 000	419 000
Fixtures	656 000	776 000	723 000	318 000
Total Tangible Assets	28 055 000	24 368 000	22 967 000	20 671 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	28 055 000	24 368 000	22 967 000	20 671 000
Stock	252 000	228 000	203 000	167 000
Total Investments	0	0	0	0
Cash, Bank	1 679 000	3 176 000	3 422 000	1 694 000
Total Current Assets	5 818 000	4 565 000	4 453 000	3 224 000
Total Assets	33 872 000	28 933 000	27 420 000	23 895 000
Total Equity	2 923 000	2 188 000	1 799 000	1 266 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 104 000	21 668 000	20 868 000	18 853 000
Creditors	1 373 000	1 266 000	973 000	882 000
Unpaid Taxes	1 528 000	1 414 000	1 131 000	1 321 000
Dividends	0	0	0	0
Other Current Debt	2 944 000	2 398 000	2 649 000	1 572 000
Total Current Debt	5 845 000	5 078 000	4 753 000	3 776 000
Total Equity and Debt	33 872 000	28 933 000	27 420 000	23 895 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,15 %	17,78 %	29,63 %	7,9 %
Debt-to-Equity Ratio	8,59	9,9	11,6	14,89
Operating Profit Margin	1,9 %	1,25 %	1,8 %	0,27 %
Current Ratio	1	0,9	0,94	0,85
Quick Ratio	1,04	0,94	0,98	0,89
Equity Ratio	0,09	0,08	0,07	0,05
Gross Profit Margin	70,66 %	78,68 %	81,96 %	73 %