SHORECONNECTION INTERNATIONAL AS

5397 BEKKJARVIK

Finances

Return on Equity

95,78 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 705 000	32 994 000	22 771 000	22 317 000
Net Income	5 316 000	2 026 000	1 085 000	161 000
Total Assets	14 907 000	12 475 000	6 762 000	6 599 000
Total Equity	5 550 000	2 334 000	1 508 000	358 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 705 000	32 994 000	22 771 000	22 317 000
Expenditure	45 424 000	30 911 000	21 673 000	22 087 000
Operating Profit	5 281 000	2 083 000	1 097 000	229 000
Financial Income	265 000	55 000	112 000	11 000
Financial Costs	230 000	112 000	124 000	79 000
Financial Balance	35 000	−57 000	−12 000	−68 000
Earnings Before Tax	5 316 000	2 026 000	1 085 000	161 000
Tax	0	0	0	0
Net Income	5 316 000	2 026 000	1 085 000	161 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	774 000	430 000	63 000	383 000
Total Current Assets	14 133 000	12 044 000	6 700 000	6 216 000
Total Assets	14 907 000	12 475 000	6 762 000	6 599 000
Total Retained Equity	5 242 000	826 000	−6 315 000	−9 131 000
Total Equity	5 550 000	2 334 000	1 508 000	358 000
Total Long-Term Debt	1 657 000	2 057 000	2 617 000	3 259 000
Total Current Debt	7 701 000	8 084 000	2 638 000	2 981 000
Total Equity and Debt	14 907 000	12 475 000	6 762 000	6 599 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 705 000	32 994 000	22 771 000	22 317 000
Other Income	0	0	0	0
Revenue	50 705 000	32 994 000	22 771 000	22 317 000
Cost of Goods Sold	25 050 000	16 953 000	11 378 000	8 990 000
Salary Costs	15 215 000	10 759 000	7 974 000	9 941 000
Depreciation	125 000	41 000	338 000	551 000
Impairment	0	0	0	0
Expenditure	45 424 000	30 911 000	21 673 000	22 087 000
Operating Profit	5 281 000	2 083 000	1 097 000	229 000
Financial Income	265 000	55 000	112 000	11 000
Financial Costs	230 000	112 000	124 000	79 000
Financial Balance	35 000	−57 000	−12 000	−68 000
Dividends	900 000	1 200 000	0	0
Net Income	5 316 000	2 026 000	1 085 000	161 000

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	698 000	331 000	63 000	383 000
Total Tangible Assets	698 000	331 000	63 000	383 000
Total Fiancial Fixed Assets	76 000	99 000	0	0
Total Fixed Assets	774 000	430 000	63 000	383 000
Stock	3 641 000	2 038 000	632 000	410 000
Total Investments	0	0	0	0
Cash, Bank	2 359 000	2 296 000	1 787 000	1 810 000
Total Current Assets	14 133 000	12 044 000	6 700 000	6 216 000
Total Assets	14 907 000	12 475 000	6 762 000	6 599 000
Total Equity	5 550 000	2 334 000	1 508 000	358 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 657 000	2 057 000	2 617 000	3 259 000
Creditors	2 657 000	3 429 000	1 291 000	1 278 000
Unpaid Taxes	1 131 000	939 000	633 000	755 000
Dividends	900 000	1 200 000	0	0
Other Current Debt	3 912 000	3 715 000	714 000	948 000
Total Current Debt	7 701 000	8 084 000	2 638 000	2 981 000
Total Equity and Debt	14 907 000	12 475 000	6 762 000	6 599 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,78 %	86,8 %	71,95 %	44,97 %
Debt-to-Equity Ratio	0,3	0,88	1,74	9,1
Operating Profit Margin	10,42 %	6,31 %	4,82 %	1,03 %
Current Ratio	1,84	1,49	2,54	2,09
Quick Ratio	3,48	1,99	3,34	2,42
Equity Ratio	0,37	0,19	0,22	0,05
Gross Profit Margin	50,6 %	48,62 %	50,03 %	59,72 %