SØRUM ELEKTRISKE AS

2016 FROGNER

Finances

Share Ownership

Return on Equity

22,13 %

Current Ratio

1,56

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	55 333 000	72 629 000	58 347 000	34 284 000
Net Income	1 259 000	443 000	−1 245 000	712 000
Total Assets	16 122 000	17 556 000	23 408 000	17 906 000
Total Equity	5 688 000	4 429 000	3 986 000	5 231 000

Income (NOK)	2022	2021	2020	2019
Revenue	55 333 000	72 629 000	58 347 000	34 284 000
Expenditure	53 743 000	72 059 000	60 028 000	33 421 000
Operating Profit	1 589 000	569 000	−1 681 000	863 000
Financial Income	67 000	55 000	90 000	56 000
Financial Costs	43 000	54 000	4 000	6 000
Financial Balance	24 000	1 000	86 000	50 000
Earnings Before Tax	1 614 000	570 000	−1 595 000	913 000
Tax	355 000	127 000	−351 000	201 000
Net Income	1 259 000	443 000	−1 245 000	712 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 208 000	1 114 000	1 284 000	1 077 000
Total Current Assets	14 914 000	16 442 000	22 124 000	16 829 000
Total Assets	16 122 000	17 556 000	23 408 000	17 906 000
Total Retained Equity	5 488 000	4 229 000	3 786 000	5 031 000
Total Equity	5 688 000	4 429 000	3 986 000	5 231 000
Total Long-Term Debt	883 000	938 000	883 000	6 193 000
Total Current Debt	9 550 000	12 188 000	18 539 000	6 482 000
Total Equity and Debt	16 122 000	17 556 000	23 408 000	17 906 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	55 328 000	72 626 000	58 303 000	34 045 000
Other Income	5 000	3 000	44 000	240 000
Revenue	55 333 000	72 629 000	58 347 000	34 284 000
Cost of Goods Sold	28 800 000	48 838 000	37 455 000	14 684 000
Salary Costs	19 433 000	18 197 000	16 880 000	14 913 000
Depreciation	436 000	438 000	427 000	343 000
Impairment	0	0	0	0
Expenditure	53 743 000	72 059 000	60 028 000	33 421 000
Operating Profit	1 589 000	569 000	−1 681 000	863 000
Financial Income	67 000	55 000	90 000	56 000
Financial Costs	43 000	54 000	4 000	6 000
Financial Balance	24 000	1 000	86 000	50 000
Dividends	0	0	0	0
Net Income	1 259 000	443 000	−1 245 000	712 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	45 000	0	72 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 000	4 000	11 000	74 000
Fixtures	1 162 000	1 110 000	1 201 000	1 002 000
Total Tangible Assets	1 163 000	1 114 000	1 212 000	1 077 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 208 000	1 114 000	1 284 000	1 077 000
Stock	119 000	134 000	142 000	134 000
Total Investments	0	0	0	0
Cash, Bank	472 000	589 000	4 317 000	6 307 000
Total Current Assets	14 914 000	16 442 000	22 124 000	16 829 000
Total Assets	16 122 000	17 556 000	23 408 000	17 906 000
Total Equity	5 688 000	4 429 000	3 986 000	5 231 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	883 000	938 000	883 000	6 193 000
Creditors	1 940 000	3 023 000	3 086 000	1 073 000
Unpaid Taxes	2 780 000	2 559 000	3 257 000	2 809 000
Dividends	0	0	0	0
Other Current Debt	4 033 000	3 582 000	12 196 000	2 600 000
Total Current Debt	9 550 000	12 188 000	18 539 000	6 482 000
Total Equity and Debt	16 122 000	17 556 000	23 408 000	17 906 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,13 %	10 %	−31,23 %	13,61 %
Debt-to-Equity Ratio	0,16	0,21	0,22	1,18
Operating Profit Margin	2,87 %	0,78 %	−2,88 %	2,52 %
Current Ratio	1,56	1,35	1,19	2,6
Quick Ratio	1,58	1,36	1,2	2,65
Equity Ratio	0,35	0,25	0,17	0,29
Gross Profit Margin	47,95 %	32,76 %	35,81 %	57,17 %