SØRMO BORETTSLAG

8400 SORTLAND

Finances

Share Ownership

Return on Equity

4,7 %

Current Ratio

13,61

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 485 000	1 425 000	1 380 000	1 381 000
Net Income	612 000	623 000	420 000	432 000
Total Assets	14 419 000	14 295 000	14 169 000	14 259 000
Total Equity	13 035 000	12 423 000	11 799 000	11 379 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 485 000	1 425 000	1 380 000	1 381 000
Expenditure	817 000	735 000	874 000	818 000
Operating Profit	669 000	690 000	506 000	564 000
Financial Income	1 000	1 000	2 000	4 000
Financial Costs	58 000	67 000	88 000	136 000
Financial Balance	−57 000	−66 000	−86 000	−132 000
Earnings Before Tax	612 000	623 000	420 000	432 000
Tax	0	0	0	0
Net Income	612 000	623 000	420 000	432 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 399 000	13 399 000	13 399 000	13 399 000
Total Current Assets	1 021 000	896 000	770 000	860 000
Total Assets	14 419 000	14 295 000	14 169 000	14 259 000
Total Retained Equity	8 786 000	8 174 000	7 551 000	7 131 000
Total Equity	13 035 000	12 423 000	11 799 000	11 379 000
Total Long-Term Debt	1 310 000	1 800 000	2 283 000	2 751 000
Total Current Debt	75 000	72 000	86 000	129 000
Total Equity and Debt	14 419 000	14 295 000	14 169 000	14 259 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 485 000	1 425 000	1 380 000	1 381 000
Revenue	1 485 000	1 425 000	1 380 000	1 381 000
Cost of Goods Sold	0	0	0	0
Salary Costs	87 000	72 000	145 000	102 000
Depreciation	0	0	0	5 000
Impairment	0	0	0	0
Expenditure	817 000	735 000	874 000	818 000
Operating Profit	669 000	690 000	506 000	564 000
Financial Income	1 000	1 000	2 000	4 000
Financial Costs	58 000	67 000	88 000	136 000
Financial Balance	−57 000	−66 000	−86 000	−132 000
Dividends	0	0	0	0
Net Income	612 000	623 000	420 000	432 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 399 000	13 399 000	13 399 000	13 399 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 399 000	13 399 000	13 399 000	13 399 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 399 000	13 399 000	13 399 000	13 399 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	973 000	861 000	723 000	822 000
Total Current Assets	1 021 000	896 000	770 000	860 000
Total Assets	14 419 000	14 295 000	14 169 000	14 259 000
Total Equity	13 035 000	12 423 000	11 799 000	11 379 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 310 000	1 800 000	2 283 000	2 751 000
Creditors	16 000	20 000	11 000	59 000
Unpaid Taxes	9 000	9 000	13 000	14 000
Dividends	0	0	0	0
Other Current Debt	49 000	43 000	62 000	55 000
Total Current Debt	75 000	72 000	86 000	129 000
Total Equity and Debt	14 419 000	14 295 000	14 169 000	14 259 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,7 %	5,01 %	3,56 %	3,8 %
Debt-to-Equity Ratio	0,1	0,14	0,19	0,24
Operating Profit Margin	45,05 %	48,42 %	36,67 %	40,84 %
Current Ratio	13,61	12,44	8,95	6,67
Quick Ratio	13,61	12,44	8,95	6,67
Equity Ratio	0,9	0,87	0,83	0,8
Gross Profit Margin	100 %	100 %	100 %	100 %