SØRENCO AS

3270 LARVIK

Finances

Return on Equity

39,3 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 163 211 000	1 826 441 000	1 411 512 000	1 269 776 000
Net Income	109 728 000	83 269 000	40 080 000	52 105 000
Total Assets	993 863 000	994 116 000	821 666 000	763 823 000
Total Equity	279 191 000	248 763 000	239 317 000	223 146 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 163 211 000	1 826 441 000	1 411 512 000	1 269 776 000
Expenditure	2 018 135 000	1 713 325 000	1 352 194 000	1 203 925 000
Operating Profit	145 077 000	113 117 000	59 317 000	65 851 000
Financial Income	4 376 000	3 020 000	2 190 000	1 647 000
Financial Costs	8 876 000	8 246 000	9 069 000	6 361 000
Financial Balance	−4 500 000	−5 226 000	−6 879 000	−4 714 000
Earnings Before Tax	140 578 000	107 890 000	52 438 000	61 138 000
Tax	30 849 000	24 621 000	12 358 000	9 033 000
Net Income	109 728 000	83 269 000	40 080 000	52 105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 527 000	71 556 000	90 276 000	147 033 000
Total Current Assets	918 336 000	922 560 000	731 389 000	616 791 000
Total Assets	993 863 000	994 116 000	821 666 000	763 823 000
Total Retained Equity	278 991 000	248 563 000	239 117 000	222 946 000
Total Equity	279 191 000	248 763 000	239 317 000	223 146 000
Total Long-Term Debt	65 073 000	144 129 000	155 634 000	92 228 000
Total Current Debt	649 599 000	601 224 000	426 714 000	448 449 000
Total Equity and Debt	993 863 000	994 116 000	821 666 000	763 823 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 162 396 000	1 826 270 000	1 409 705 000	1 249 677 000
Other Income	815 000	171 000	1 806 000	20 099 000
Revenue	2 163 211 000	1 826 441 000	1 411 512 000	1 269 776 000
Cost of Goods Sold	1 552 001 000	1 323 541 000	1 051 457 000	914 938 000
Salary Costs	244 849 000	214 319 000	169 315 000	165 093 000
Depreciation	23 122 000	21 316 000	17 156 000	12 269 000
Impairment	0	0	0	0
Expenditure	2 018 135 000	1 713 325 000	1 352 194 000	1 203 925 000
Operating Profit	145 077 000	113 117 000	59 317 000	65 851 000
Financial Income	4 376 000	3 020 000	2 190 000	1 647 000
Financial Costs	8 876 000	8 246 000	9 069 000	6 361 000
Financial Balance	−4 500 000	−5 226 000	−6 879 000	−4 714 000
Dividends	0	0	0	0
Net Income	109 728 000	83 269 000	40 080 000	52 105 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 323 000	20 731 000	24 589 000	10 534 000
Real Eastate	2 424 000	2 283 000	2 524 000	95 026 000
Machinery and Plant Facilities	51 955 000	46 771 000	61 444 000	41 425 000
Fixtures	0	0	0	0
Total Tangible Assets	54 379 000	49 054 000	63 968 000	136 451 000
Total Fiancial Fixed Assets	1 824 000	1 771 000	1 720 000	48 000
Total Fixed Assets	75 527 000	71 556 000	90 276 000	147 033 000
Stock	678 762 000	580 324 000	544 522 000	478 026 000
Total Investments	0	0	0	0
Cash, Bank	84 013 000	198 903 000	82 094 000	37 762 000
Total Current Assets	918 336 000	922 560 000	731 389 000	616 791 000
Total Assets	993 863 000	994 116 000	821 666 000	763 823 000
Total Equity	279 191 000	248 763 000	239 317 000	223 146 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 073 000	144 129 000	155 634 000	92 228 000
Creditors	252 696 000	319 847 000	157 403 000	195 716 000
Unpaid Taxes	51 792 000	60 224 000	37 655 000	40 766 000
Dividends	0	0	0	0
Other Current Debt	93 097 000	75 369 000	70 109 000	33 156 000
Total Current Debt	649 599 000	601 224 000	426 714 000	448 449 000
Total Equity and Debt	993 863 000	994 116 000	821 666 000	763 823 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,3 %	33,47 %	16,75 %	23,35 %
Debt-to-Equity Ratio	0,23	0,58	0,65	0,41
Operating Profit Margin	6,71 %	6,19 %	4,2 %	5,19 %
Current Ratio	1,41	1,53	1,71	1,38
Quick Ratio	−31,49	44,14	−6,21	−20,85
Equity Ratio	0,28	0,25	0,29	0,29
Gross Profit Margin	28,25 %	27,53 %	25,51 %	27,94 %