STORESUND ENGINEERING AS

4026 STAVANGER

Finances

Return on Equity

−6,38 %

Current Ratio

16,91

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 389 000	1 472 000	1 050 000	1 214 000
Net Income	−535 000	1 175 000	741 000	1 077 000
Total Assets	8 728 000	9 319 000	8 044 000	7 290 000
Total Equity	8 392 000	8 927 000	7 752 000	7 011 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 389 000	1 472 000	1 050 000	1 214 000
Expenditure	900 000	884 000	661 000	807 000
Operating Profit	489 000	587 000	390 000	407 000
Financial Income	57 000	718 000	597 000	774 000
Financial Costs	967 000	0	160 000	1 000
Financial Balance	−910 000	718 000	437 000	773 000
Earnings Before Tax	−421 000	1 305 000	827 000	1 179 000
Tax	114 000	130 000	86 000	102 000
Net Income	−535 000	1 175 000	741 000	1 077 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 045 000	2 986 000	2 971 000	3 056 000
Total Current Assets	5 683 000	6 333 000	5 073 000	4 235 000
Total Assets	8 728 000	9 319 000	8 044 000	7 290 000
Total Retained Equity	8 292 000	8 827 000	7 652 000	6 911 000
Total Equity	8 392 000	8 927 000	7 752 000	7 011 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	336 000	393 000	293 000	279 000
Total Equity and Debt	8 728 000	9 319 000	8 044 000	7 290 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 389 000	1 472 000	1 050 000	1 214 000
Other Income	0	0	0	0
Revenue	1 389 000	1 472 000	1 050 000	1 214 000
Cost of Goods Sold	0	0	0	0
Salary Costs	760 000	733 000	505 000	707 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	900 000	884 000	661 000	807 000
Operating Profit	489 000	587 000	390 000	407 000
Financial Income	57 000	718 000	597 000	774 000
Financial Costs	967 000	0	160 000	1 000
Financial Balance	−910 000	718 000	437 000	773 000
Dividends	0	0	0	0
Net Income	−535 000	1 175 000	741 000	1 077 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 045 000	2 986 000	2 971 000	3 056 000
Total Fixed Assets	3 045 000	2 986 000	2 971 000	3 056 000
Stock	0	0	0	0
Total Investments	4 917 000	5 617 000	4 279 000	3 775 000
Cash, Bank	307 000	375 000	420 000	97 000
Total Current Assets	5 683 000	6 333 000	5 073 000	4 235 000
Total Assets	8 728 000	9 319 000	8 044 000	7 290 000
Total Equity	8 392 000	8 927 000	7 752 000	7 011 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	5 000	0	0
Unpaid Taxes	134 000	135 000	133 000	109 000
Dividends	0	0	0	0
Other Current Debt	89 000	122 000	73 000	69 000
Total Current Debt	336 000	393 000	293 000	279 000
Total Equity and Debt	8 728 000	9 319 000	8 044 000	7 290 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,38 %	13,16 %	9,56 %	15,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	35,21 %	39,88 %	37,14 %	33,53 %
Current Ratio	16,91	16,11	17,31	15,18
Quick Ratio	16,91	16,11	17,31	15,18
Equity Ratio	0,96	0,96	0,96	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %