SØRINWEST AS

5410 SAGVÅG

Finances

Return on Equity

199,12 %

Current Ratio

1,07

Debt-to-Equity Ratio

−66,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 005 000	309 000	224 000	0
Net Income	−452 000	−1 319 000	−1 498 000	−605 000
Total Assets	15 408 000	15 075 000	16 660 000	10 441 000
Total Equity	−227 000	225 000	1 544 000	3 042 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 005 000	309 000	224 000	0
Expenditure	872 000	1 129 000	1 398 000	474 000
Operating Profit	134 000	−820 000	−1 174 000	−473 000
Financial Income	151 000	14 000	26 000	23 000
Financial Costs	738 000	513 000	535 000	325 000
Financial Balance	−587 000	−499 000	−509 000	−302 000
Earnings Before Tax	−452 000	−1 319 000	−1 683 000	−776 000
Tax	0	0	−185 000	−171 000
Net Income	−452 000	−1 319 000	−1 498 000	−605 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 713 000	14 712 000	15 181 000	9 273 000
Total Current Assets	694 000	364 000	1 479 000	1 168 000
Total Assets	15 408 000	15 075 000	16 660 000	10 441 000
Total Retained Equity	−327 000	125 000	1 444 000	2 942 000
Total Equity	−227 000	225 000	1 544 000	3 042 000
Total Long-Term Debt	14 984 000	14 717 000	14 920 000	7 298 000
Total Current Debt	651 000	133 000	196 000	102 000
Total Equity and Debt	15 408 000	15 075 000	16 660 000	10 441 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	892 000	180 000	224 000	0
Other Income	113 000	129 000	0	0
Revenue	1 005 000	309 000	224 000	0
Cost of Goods Sold	0	0	0	20 000
Salary Costs	413 000	126 000	122 000	10 000
Depreciation	19 000	319 000	315 000	300 000
Impairment	0	0	0	0
Expenditure	872 000	1 129 000	1 398 000	474 000
Operating Profit	134 000	−820 000	−1 174 000	−473 000
Financial Income	151 000	14 000	26 000	23 000
Financial Costs	738 000	513 000	535 000	325 000
Financial Balance	−587 000	−499 000	−509 000	−302 000
Dividends	0	0	0	0
Net Income	−452 000	−1 319 000	−1 498 000	−605 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 088 000	1 011 000	996 000	949 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	133 000	151 000	470 000	600 000
Total Fiancial Fixed Assets	13 493 000	13 549 000	13 715 000	7 724 000
Total Fixed Assets	14 713 000	14 712 000	15 181 000	9 273 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	536 000	211 000	1 383 000	1 108 000
Total Current Assets	694 000	364 000	1 479 000	1 168 000
Total Assets	15 408 000	15 075 000	16 660 000	10 441 000
Total Equity	−227 000	225 000	1 544 000	3 042 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 984 000	14 717 000	14 920 000	7 298 000
Creditors	40 000	22 000	47 000	60 000
Unpaid Taxes	182 000	17 000	22 000	0
Dividends	0	0	0	0
Other Current Debt	429 000	94 000	127 000	42 000
Total Current Debt	651 000	133 000	196 000	102 000
Total Equity and Debt	15 408 000	15 075 000	16 660 000	10 441 000

Financial indicators	2022	2021	2020	2019
Return on Equity	199,12 %	−586,22 %	−97,02 %	−19,89 %
Debt-to-Equity Ratio	−66,01	65,41	9,66	2,4
Operating Profit Margin	13,33 %	−265,37 %	−524,11 %	-
Current Ratio	1,07	2,74	7,55	11,45
Quick Ratio	1,07	2,74	7,55	11,45
Equity Ratio	−0,01	0,01	0,09	0,29
Gross Profit Margin	100 %	100 %	100 %	-