SORTLAND ELEKTRO TEKNIKK AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

5 600 %

Current Ratio

0,98

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 470 000	3 056 000	3 524 000	3 204 000
Net Income	−1 792 000	−26 000	−84 000	−153 000
Total Assets	1 485 000	3 227 000	3 384 000	5 522 000
Total Equity	−32 000	1 759 000	1 785 000	1 869 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 470 000	3 056 000	3 524 000	3 204 000
Expenditure	4 258 000	3 084 000	3 609 000	3 358 000
Operating Profit	−1 788 000	−28 000	−85 000	−153 000
Financial Income	4 000	3 000	1 000	2 000
Financial Costs	7 000	0	0	2 000
Financial Balance	−3 000	3 000	1 000	0
Earnings Before Tax	−1 792 000	−26 000	−84 000	−153 000
Tax	0	0	0	0
Net Income	−1 792 000	−26 000	−84 000	−153 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 485 000	3 227 000	3 384 000	5 522 000
Total Assets	1 485 000	3 227 000	3 384 000	5 522 000
Total Retained Equity	−1 817 000	−26 000	0	−489 000
Total Equity	−32 000	1 759 000	1 785 000	1 869 000
Total Long-Term Debt	0	34 000	0	2 128 000
Total Current Debt	1 517 000	1 434 000	1 599 000	1 525 000
Total Equity and Debt	1 485 000	3 227 000	3 384 000	5 522 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 470 000	3 056 000	3 524 000	3 204 000
Other Income	0	0	0	0
Revenue	2 470 000	3 056 000	3 524 000	3 204 000
Cost of Goods Sold	2 829 000	1 620 000	2 089 000	1 680 000
Salary Costs	969 000	1 035 000	1 096 000	1 225 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 258 000	3 084 000	3 609 000	3 358 000
Operating Profit	−1 788 000	−28 000	−85 000	−153 000
Financial Income	4 000	3 000	1 000	2 000
Financial Costs	7 000	0	0	2 000
Financial Balance	−3 000	3 000	1 000	0
Dividends	0	0	0	0
Net Income	−1 792 000	−26 000	−84 000	−153 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	965 000	2 409 000	2 529 000	2 865 000
Total Investments	0	0	0	0
Cash, Bank	165 000	658 000	652 000	294 000
Total Current Assets	1 485 000	3 227 000	3 384 000	5 522 000
Total Assets	1 485 000	3 227 000	3 384 000	5 522 000
Total Equity	−32 000	1 759 000	1 785 000	1 869 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	34 000	0	2 128 000
Creditors	274 000	65 000	153 000	80 000
Unpaid Taxes	34 000	46 000	52 000	68 000
Dividends	0	0	0	0
Other Current Debt	1 209 000	1 324 000	1 394 000	1 377 000
Total Current Debt	1 517 000	1 434 000	1 599 000	1 525 000
Total Equity and Debt	1 485 000	3 227 000	3 384 000	5 522 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5 600 %	−1,48 %	−4,71 %	−8,19 %
Debt-to-Equity Ratio	−0	0,02	0	1,14
Operating Profit Margin	−72,39 %	−0,92 %	−2,41 %	−4,78 %
Current Ratio	0,98	2,25	2,12	3,62
Quick Ratio	2,69	−3,31	−3,64	−4,12
Equity Ratio	−0,02	0,55	0,53	0,34
Gross Profit Margin	−14,53 %	46,99 %	40,72 %	47,57 %