ERIK SØRENSEN AS

4821 RYKENE

Finances

Return on Equity

45,63 %

Current Ratio

3,42

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 879 000	3 112 000	3 963 000	3 254 000
Net Income	1 273 000	−5 000	1 008 000	557 000
Total Assets	3 669 000	2 107 000	2 688 000	2 059 000
Total Equity	2 790 000	1 517 000	2 022 000	1 514 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 879 000	3 112 000	3 963 000	3 254 000
Expenditure	3 254 000	3 114 000	2 672 000	2 541 000
Operating Profit	1 624 000	−3 000	1 291 000	712 000
Financial Income	14 000	7 000	11 000	11 000
Financial Costs	1 000	0	1 000	0
Financial Balance	13 000	7 000	10 000	11 000
Earnings Before Tax	1 637 000	4 000	1 300 000	723 000
Tax	364 000	9 000	292 000	166 000
Net Income	1 273 000	−5 000	1 008 000	557 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	889 000	707 000	912 000	346 000
Total Current Assets	2 780 000	1 400 000	1 776 000	1 712 000
Total Assets	3 669 000	2 107 000	2 688 000	2 059 000
Total Retained Equity	2 690 000	1 417 000	1 922 000	1 414 000
Total Equity	2 790 000	1 517 000	2 022 000	1 514 000
Total Long-Term Debt	65 000	63 000	95 000	0
Total Current Debt	814 000	528 000	571 000	545 000
Total Equity and Debt	3 669 000	2 107 000	2 688 000	2 059 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 694 000	3 111 000	3 315 000	3 254 000
Other Income	184 000	1 000	647 000	0
Revenue	4 879 000	3 112 000	3 963 000	3 254 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 431 000	2 235 000	1 624 000	1 629 000
Depreciation	239 000	250 000	203 000	122 000
Impairment	0	0	0	0
Expenditure	3 254 000	3 114 000	2 672 000	2 541 000
Operating Profit	1 624 000	−3 000	1 291 000	712 000
Financial Income	14 000	7 000	11 000	11 000
Financial Costs	1 000	0	1 000	0
Financial Balance	13 000	7 000	10 000	11 000
Dividends	0	500 000	500 000	0
Net Income	1 273 000	−5 000	1 008 000	557 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	874 000	692 000	897 000	303 000
Fixtures	0	0	0	0
Total Tangible Assets	874 000	692 000	897 000	303 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	889 000	707 000	912 000	346 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 475 000	1 211 000	1 558 000	1 489 000
Total Current Assets	2 780 000	1 400 000	1 776 000	1 712 000
Total Assets	3 669 000	2 107 000	2 688 000	2 059 000
Total Equity	2 790 000	1 517 000	2 022 000	1 514 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 000	63 000	95 000	0
Creditors	21 000	11 000	22 000	16 000
Unpaid Taxes	194 000	228 000	168 000	201 000
Dividends	0	500 000	500 000	0
Other Current Debt	237 000	247 000	213 000	159 000
Total Current Debt	814 000	528 000	571 000	545 000
Total Equity and Debt	3 669 000	2 107 000	2 688 000	2 059 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,63 %	−0,33 %	49,85 %	36,79 %
Debt-to-Equity Ratio	0,02	0,04	0,05	0
Operating Profit Margin	33,29 %	−0,1 %	32,58 %	21,88 %
Current Ratio	3,42	2,65	3,11	3,14
Quick Ratio	3,42	2,65	3,11	3,14
Equity Ratio	0,76	0,72	0,75	0,74
Gross Profit Margin	100 %	100 %	100 %	100 %