SOUTHERN CROSS SPARS AS

1363 HØVIK

Finances

Return on Equity

15,9 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 545 000	9 031 000	8 785 000	6 252 000
Net Income	472 000	328 000	192 000	629 000
Total Assets	5 432 000	5 798 000	4 284 000	2 854 000
Total Equity	2 969 000	2 497 000	2 169 000	1 976 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 545 000	9 031 000	8 785 000	6 252 000
Expenditure	8 906 000	8 608 000	8 452 000	5 419 000
Operating Profit	639 000	423 000	332 000	833 000
Financial Income	40 000	53 000	36 000	10 000
Financial Costs	72 000	53 000	117 000	34 000
Financial Balance	−32 000	0	−81 000	−24 000
Earnings Before Tax	607 000	423 000	250 000	810 000
Tax	135 000	95 000	58 000	181 000
Net Income	472 000	328 000	192 000	629 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 253 000	2 244 000	1 426 000	27 000
Total Current Assets	3 179 000	3 554 000	2 858 000	2 827 000
Total Assets	5 432 000	5 798 000	4 284 000	2 854 000
Total Retained Equity	2 869 000	2 397 000	2 069 000	1 876 000
Total Equity	2 969 000	2 497 000	2 169 000	1 976 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 463 000	3 301 000	2 115 000	877 000
Total Equity and Debt	5 432 000	5 798 000	4 284 000	2 854 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 544 000	9 030 000	8 784 000	6 252 000
Other Income	1 000	0	1 000	0
Revenue	9 545 000	9 031 000	8 785 000	6 252 000
Cost of Goods Sold	3 650 000	3 866 000	4 312 000	2 457 000
Salary Costs	4 293 000	4 006 000	3 352 000	2 154 000
Depreciation	93 000	1 000	10 000	3 000
Impairment	0	0	0	0
Expenditure	8 906 000	8 608 000	8 452 000	5 419 000
Operating Profit	639 000	423 000	332 000	833 000
Financial Income	40 000	53 000	36 000	10 000
Financial Costs	72 000	53 000	117 000	34 000
Financial Balance	−32 000	0	−81 000	−24 000
Dividends	0	0	0	0
Net Income	472 000	328 000	192 000	629 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	31 000	22 000	26 000	17 000
Real Eastate	808 000	805 000	0	10 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 000	17 000	0	0
Total Tangible Assets	821 000	822 000	0	10 000
Total Fiancial Fixed Assets	1 400 000	1 400 000	1 400 000	0
Total Fixed Assets	2 253 000	2 244 000	1 426 000	27 000
Stock	1 319 000	1 178 000	966 000	1 060 000
Total Investments	0	0	0	0
Cash, Bank	1 529 000	2 179 000	1 292 000	941 000
Total Current Assets	3 179 000	3 554 000	2 858 000	2 827 000
Total Assets	5 432 000	5 798 000	4 284 000	2 854 000
Total Equity	2 969 000	2 497 000	2 169 000	1 976 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	248 000	1 502 000	431 000	215 000
Unpaid Taxes	497 000	167 000	476 000	206 000
Dividends	0	0	0	0
Other Current Debt	1 573 000	1 542 000	1 141 000	276 000
Total Current Debt	2 463 000	3 301 000	2 115 000	877 000
Total Equity and Debt	5 432 000	5 798 000	4 284 000	2 854 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,9 %	13,14 %	8,85 %	31,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,69 %	4,68 %	3,78 %	13,32 %
Current Ratio	1,29	1,08	1,35	3,22
Quick Ratio	2,78	1,67	2,49	−15,45
Equity Ratio	0,55	0,43	0,51	0,69
Gross Profit Margin	61,76 %	57,19 %	50,92 %	60,7 %