STORNES HOLDING AS

4404 FLEKKEFJORD

Finances

Return on Equity

5 600 %

Current Ratio

2,65

Debt-to-Equity Ratio

1 747

Key figures (NOK)	2022	2021	2020	2019
Revenue	922 000	867 000	873 000	874 000
Net Income	56 000	−147 000	123 000	415 000
Total Assets	2 190 000	2 263 000	2 450 000	2 541 000
Total Equity	1 000	−55 000	93 000	−30 000

Income (NOK)	2022	2021	2020	2019
Revenue	922 000	867 000	873 000	874 000
Expenditure	781 000	998 000	645 000	253 000
Operating Profit	141 000	−131 000	228 000	621 000
Financial Income	0	0	1 000	2 000
Financial Costs	69 000	58 000	71 000	91 000
Financial Balance	−69 000	−58 000	−70 000	−89 000
Earnings Before Tax	72 000	−189 000	157 000	532 000
Tax	16 000	−42 000	35 000	117 000
Net Income	56 000	−147 000	123 000	415 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 021 000	1 039 000	1 392 000	1 615 000
Total Current Assets	1 169 000	1 223 000	1 058 000	925 000
Total Assets	2 190 000	2 263 000	2 450 000	2 541 000
Total Retained Equity	−759 000	−815 000	−667 000	−790 000
Total Equity	1 000	−55 000	93 000	−30 000
Total Long-Term Debt	1 747 000	1 903 000	2 117 000	2 291 000
Total Current Debt	441 000	414 000	241 000	279 000
Total Equity and Debt	2 190 000	2 263 000	2 450 000	2 541 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	922 000	867 000	873 000	39 000
Other Income	0	0	0	835 000
Revenue	922 000	867 000	873 000	874 000
Cost of Goods Sold	1 000	0	0	0
Salary Costs	568 000	704 000	290 000	0
Depreciation	18 000	118 000	118 000	118 000
Impairment	0	0	0	0
Expenditure	781 000	998 000	645 000	253 000
Operating Profit	141 000	−131 000	228 000	621 000
Financial Income	0	0	1 000	2 000
Financial Costs	69 000	58 000	71 000	91 000
Financial Balance	−69 000	−58 000	−70 000	−89 000
Dividends	0	0	0	0
Net Income	56 000	−147 000	123 000	415 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 009 000	1 027 000	1 145 000	1 263 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 009 000	1 027 000	1 145 000	1 263 000
Total Fiancial Fixed Assets	12 000	12 000	247 000	352 000
Total Fixed Assets	1 021 000	1 039 000	1 392 000	1 615 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	861 000	950 000	1 010 000	656 000
Total Current Assets	1 169 000	1 223 000	1 058 000	925 000
Total Assets	2 190 000	2 263 000	2 450 000	2 541 000
Total Equity	1 000	−55 000	93 000	−30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 747 000	1 903 000	2 117 000	2 291 000
Creditors	0	2 000	0	−71 000
Unpaid Taxes	129 000	111 000	47 000	48 000
Dividends	0	0	0	0
Other Current Debt	311 000	302 000	146 000	194 000
Total Current Debt	441 000	414 000	241 000	279 000
Total Equity and Debt	2 190 000	2 263 000	2 450 000	2 541 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5 600 %	267,27 %	132,26 %	−1 383,33 %
Debt-to-Equity Ratio	1 747	−34,6	22,76	−76,37
Operating Profit Margin	15,29 %	−15,11 %	26,12 %	71,05 %
Current Ratio	2,65	2,95	4,39	3,32
Quick Ratio	2,65	2,95	4,39	3,32
Equity Ratio	0	−0,02	0,04	−0,01
Gross Profit Margin	99,89 %	100 %	100 %	100 %