K. M. SØRBY AS

1820 SPYDEBERG

Finances

Share Ownership

Return on Equity

16,42 %

Current Ratio

5,29

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 516 000	767 000	15 360 000	830 000
Net Income	1 894 000	262 000	2 319 000	413 000
Total Assets	14 131 000	15 707 000	15 661 000	14 123 000
Total Equity	11 535 000	13 640 000	13 379 000	11 060 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 516 000	767 000	15 360 000	830 000
Expenditure	6 132 000	481 000	12 339 000	404 000
Operating Profit	2 384 000	285 000	3 022 000	426 000
Financial Income	45 000	50 000	10 000	104 000
Financial Costs	0	0	58 000	1 000
Financial Balance	45 000	50 000	−48 000	103 000
Earnings Before Tax	2 429 000	335 000	2 974 000	529 000
Tax	534 000	74 000	654 000	116 000
Net Income	1 894 000	262 000	2 319 000	413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 900 000	4 996 000	5 036 000	5 128 000
Total Current Assets	9 231 000	10 711 000	10 625 000	8 995 000
Total Assets	14 131 000	15 707 000	15 661 000	14 123 000
Total Retained Equity	11 435 000	13 540 000	13 279 000	10 960 000
Total Equity	11 535 000	13 640 000	13 379 000	11 060 000
Total Long-Term Debt	850 000	1 047 000	1 303 000	1 614 000
Total Current Debt	1 746 000	1 019 000	979 000	1 450 000
Total Equity and Debt	14 131 000	15 707 000	15 661 000	14 123 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	8 516 000	767 000	15 360 000	830 000
Revenue	8 516 000	767 000	15 360 000	830 000
Cost of Goods Sold	5 531 000	0	11 623 000	0
Salary Costs	0	0	0	0
Depreciation	97 000	40 000	7 000	0
Impairment	0	0	0	0
Expenditure	6 132 000	481 000	12 339 000	404 000
Operating Profit	2 384 000	285 000	3 022 000	426 000
Financial Income	45 000	50 000	10 000	104 000
Financial Costs	0	0	58 000	1 000
Financial Balance	45 000	50 000	−48 000	103 000
Dividends	4 000 000	0	0	100 000
Net Income	1 894 000	262 000	2 319 000	413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 414 000	4 841 000	4 841 000	5 126 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	485 000	153 000	193 000	0
Total Tangible Assets	4 899 000	4 995 000	5 035 000	5 126 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	4 900 000	4 996 000	5 036 000	5 128 000
Stock	5 081 000	7 611 000	0	6 349 000
Total Investments	0	0	0	0
Cash, Bank	4 077 000	3 097 000	10 621 000	2 553 000
Total Current Assets	9 231 000	10 711 000	10 625 000	8 995 000
Total Assets	14 131 000	15 707 000	15 661 000	14 123 000
Total Equity	11 535 000	13 640 000	13 379 000	11 060 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	850 000	1 047 000	1 303 000	1 614 000
Creditors	10 000	682 000	0	834 000
Unpaid Taxes	0	0	0	0
Dividends	4 000 000	0	0	100 000
Other Current Debt	1 005 000	7 000	14 000	0
Total Current Debt	1 746 000	1 019 000	979 000	1 450 000
Total Equity and Debt	14 131 000	15 707 000	15 661 000	14 123 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,42 %	1,92 %	17,33 %	3,73 %
Debt-to-Equity Ratio	0,07	0,08	0,1	0,15
Operating Profit Margin	27,99 %	37,16 %	19,67 %	51,33 %
Current Ratio	5,29	10,51	10,85	6,2
Quick Ratio	−2,77	−1,62	10,85	−1,84
Equity Ratio	0,82	0,87	0,85	0,78
Gross Profit Margin	35,05 %	100 %	24,33 %	100 %