SØRENSEN SYKLER AS

0661 OSLO

Finances

Return on Equity

14,91 %

Current Ratio

2,61

Debt-to-Equity Ratio

1,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 646 000	25 722 000	27 375 000	16 638 000
Net Income	884 000	1 349 000	1 710 000	325 000
Total Assets	17 941 000	20 621 000	16 856 000	11 676 000
Total Equity	5 927 000	5 043 000	3 694 000	1 984 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 646 000	25 722 000	27 375 000	16 638 000
Expenditure	26 244 000	23 803 000	24 939 000	15 828 000
Operating Profit	1 403 000	1 919 000	2 436 000	811 000
Financial Income	10 000	0	1 000	3 000
Financial Costs	268 000	190 000	242 000	397 000
Financial Balance	−258 000	−190 000	−241 000	−394 000
Earnings Before Tax	1 146 000	1 729 000	2 196 000	417 000
Tax	261 000	381 000	486 000	92 000
Net Income	884 000	1 349 000	1 710 000	325 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 093 000	3 035 000	2 214 000	1 784 000
Total Current Assets	13 848 000	17 585 000	14 642 000	9 892 000
Total Assets	17 941 000	20 621 000	16 856 000	11 676 000
Total Retained Equity	4 926 000	4 042 000	2 693 000	982 000
Total Equity	5 927 000	5 043 000	3 694 000	1 984 000
Total Long-Term Debt	6 712 000	6 454 000	6 266 000	5 283 000
Total Current Debt	5 302 000	9 124 000	6 896 000	4 409 000
Total Equity and Debt	17 941 000	20 621 000	16 856 000	11 676 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 076 000	25 722 000	27 349 000	16 638 000
Other Income	570 000	0	26 000	0
Revenue	27 646 000	25 722 000	27 375 000	16 638 000
Cost of Goods Sold	19 885 000	17 870 000	18 903 000	10 771 000
Salary Costs	3 871 000	3 576 000	3 915 000	2 624 000
Depreciation	201 000	147 000	296 000	463 000
Impairment	0	0	0	0
Expenditure	26 244 000	23 803 000	24 939 000	15 828 000
Operating Profit	1 403 000	1 919 000	2 436 000	811 000
Financial Income	10 000	0	1 000	3 000
Financial Costs	268 000	190 000	242 000	397 000
Financial Balance	−258 000	−190 000	−241 000	−394 000
Dividends	0	0	0	0
Net Income	884 000	1 349 000	1 710 000	325 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	87 000	65 000	76 000	326 000
Real Eastate	0	0	0	16 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	327 000	265 000	412 000	589 000
Total Tangible Assets	327 000	265 000	412 000	606 000
Total Fiancial Fixed Assets	3 679 000	2 705 000	1 726 000	851 000
Total Fixed Assets	4 093 000	3 035 000	2 214 000	1 784 000
Stock	10 308 000	11 302 000	7 115 000	6 208 000
Total Investments	0	0	0	0
Cash, Bank	1 234 000	1 496 000	1 933 000	834 000
Total Current Assets	13 848 000	17 585 000	14 642 000	9 892 000
Total Assets	17 941 000	20 621 000	16 856 000	11 676 000
Total Equity	5 927 000	5 043 000	3 694 000	1 984 000
Short-Term Group Debt	1 288 000	3 554 000	1 069 000	0
Total Long-Term Debt	6 712 000	6 454 000	6 266 000	5 283 000
Creditors	3 070 000	4 904 000	4 551 000	3 118 000
Unpaid Taxes	574 000	173 000	205 000	223 000
Dividends	0	0	0	0
Other Current Debt	371 000	399 000	1 071 000	1 068 000
Total Current Debt	5 302 000	9 124 000	6 896 000	4 409 000
Total Equity and Debt	17 941 000	20 621 000	16 856 000	11 676 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,91 %	26,75 %	46,29 %	16,38 %
Debt-to-Equity Ratio	1,13	1,28	1,7	2,66
Operating Profit Margin	5,07 %	7,46 %	8,9 %	4,87 %
Current Ratio	2,61	1,93	2,12	2,24
Quick Ratio	−2,77	−8,07	−66,86	−5,5
Equity Ratio	0,33	0,24	0,22	0,17
Gross Profit Margin	28,07 %	30,53 %	30,95 %	35,26 %