SØBSTAD ELEKTROENGINEERING AS

3540 NESBYEN

Finances

Return on Equity

299,46 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 324 000	12 664 000	11 189 000	13 438 000
Net Income	6 064 000	3 323 000	2 658 000	3 669 000
Total Assets	11 912 000	6 113 000	6 402 000	7 326 000
Total Equity	2 025 000	1 961 000	1 638 000	1 480 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 324 000	12 664 000	11 189 000	13 438 000
Expenditure	11 615 000	8 398 000	7 806 000	8 785 000
Operating Profit	7 709 000	4 267 000	3 383 000	4 653 000
Financial Income	66 000	12 000	23 000	41 000
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	63 000	10 000	22 000	40 000
Earnings Before Tax	7 772 000	4 277 000	3 406 000	4 693 000
Tax	1 708 000	954 000	748 000	1 024 000
Net Income	6 064 000	3 323 000	2 658 000	3 669 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	337 000	121 000	26 000	78 000
Total Current Assets	11 575 000	5 991 000	6 376 000	7 248 000
Total Assets	11 912 000	6 113 000	6 402 000	7 326 000
Total Retained Equity	1 925 000	1 861 000	1 538 000	1 380 000
Total Equity	2 025 000	1 961 000	1 638 000	1 480 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 887 000	4 152 000	4 764 000	5 846 000
Total Equity and Debt	11 912 000	6 113 000	6 402 000	7 326 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 324 000	12 664 000	11 189 000	13 438 000
Other Income	0	0	0	0
Revenue	19 324 000	12 664 000	11 189 000	13 438 000
Cost of Goods Sold	6 125 000	4 020 000	3 844 000	4 563 000
Salary Costs	4 325 000	3 315 000	3 174 000	3 333 000
Depreciation	54 000	10 000	10 000	10 000
Impairment	0	0	0	0
Expenditure	11 615 000	8 398 000	7 806 000	8 785 000
Operating Profit	7 709 000	4 267 000	3 383 000	4 653 000
Financial Income	66 000	12 000	23 000	41 000
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	63 000	10 000	22 000	40 000
Dividends	6 000 000	3 000 000	2 500 000	3 200 000
Net Income	6 064 000	3 323 000	2 658 000	3 669 000

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	278 000	12 000	22 000	32 000
Total Tangible Assets	278 000	12 000	22 000	32 000
Total Fiancial Fixed Assets	60 000	110 000	5 000	47 000
Total Fixed Assets	337 000	121 000	26 000	78 000
Stock	671 000	582 000	514 000	593 000
Total Investments	0	0	0	0
Cash, Bank	10 169 000	4 814 000	5 283 000	6 352 000
Total Current Assets	11 575 000	5 991 000	6 376 000	7 248 000
Total Assets	11 912 000	6 113 000	6 402 000	7 326 000
Total Equity	2 025 000	1 961 000	1 638 000	1 480 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	582 000	474 000	360 000	484 000
Unpaid Taxes	1 094 000	771 000	738 000	713 000
Dividends	6 000 000	3 000 000	2 500 000	3 200 000
Other Current Debt	503 000	452 000	418 000	424 000
Total Current Debt	9 887 000	4 152 000	4 764 000	5 846 000
Total Equity and Debt	11 912 000	6 113 000	6 402 000	7 326 000

Financial indicators	2022	2021	2020	2019
Return on Equity	299,46 %	169,45 %	162,27 %	247,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	39,89 %	33,69 %	30,24 %	34,63 %
Current Ratio	1,17	1,44	1,34	1,24
Quick Ratio	1,26	1,68	1,5	1,38
Equity Ratio	0,17	0,32	0,26	0,2
Gross Profit Margin	68,3 %	68,26 %	65,64 %	66,04 %