SØRVEST ENGINEERING AS

4521 LINDESNES

Finances

Return on Equity

−7,42 %

Current Ratio

13,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	1 000 000
Net Income	−194 000	586 000	−92 000	993 000
Total Assets	2 707 000	5 310 000	4 726 000	5 136 000
Total Equity	2 616 000	2 810 000	4 724 000	4 816 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	1 000 000
Expenditure	182 000	12 000	13 000	14 000
Operating Profit	−182 000	−12 000	−13 000	986 000
Financial Income	0	600 000	1 000	225 000
Financial Costs	10 000	0	83 000	0
Financial Balance	−10 000	600 000	−82 000	225 000
Earnings Before Tax	−192 000	588 000	−95 000	1 212 000
Tax	2 000	1 000	−3 000	219 000
Net Income	−194 000	586 000	−92 000	993 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 484 000	1 344 000	3 319 000	3 396 000
Total Current Assets	1 223 000	3 966 000	1 407 000	1 740 000
Total Assets	2 707 000	5 310 000	4 726 000	5 136 000
Total Retained Equity	2 466 000	2 660 000	4 574 000	4 666 000
Total Equity	2 616 000	2 810 000	4 724 000	4 816 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	91 000	2 500 000	2 000	320 000
Total Equity and Debt	2 707 000	5 310 000	4 726 000	5 136 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	1 000 000
Other Income	0	0	0	0
Revenue	0	0	0	1 000 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	62 000	0	0	0
Impairment	0	0	0	0
Expenditure	182 000	12 000	13 000	14 000
Operating Profit	−182 000	−12 000	−13 000	986 000
Financial Income	0	600 000	1 000	225 000
Financial Costs	10 000	0	83 000	0
Financial Balance	−10 000	600 000	−82 000	225 000
Dividends	0	2 500 000	0	0
Net Income	−194 000	586 000	−92 000	993 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	2 000	3 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	162 000	0	0	0
Total Tangible Assets	162 000	0	0	0
Total Fiancial Fixed Assets	1 322 000	1 342 000	3 316 000	3 396 000
Total Fixed Assets	1 484 000	1 344 000	3 319 000	3 396 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	865 000	3 159 000	1 199 000	1 032 000
Total Current Assets	1 223 000	3 966 000	1 407 000	1 740 000
Total Assets	2 707 000	5 310 000	4 726 000	5 136 000
Total Equity	2 616 000	2 810 000	4 724 000	4 816 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	2 000	3 000
Unpaid Taxes	0	0	0	99 000
Dividends	0	2 500 000	0	0
Other Current Debt	91 000	2 500 000	0	0
Total Current Debt	91 000	2 500 000	2 000	320 000
Total Equity and Debt	2 707 000	5 310 000	4 726 000	5 136 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,42 %	20,85 %	−1,95 %	20,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	98,6 %
Current Ratio	13,44	1,59	703,5	5,44
Quick Ratio	13,44	1,59	703,5	5,44
Equity Ratio	0,97	0,53	1	0,94
Gross Profit Margin	-	-	-	100 %