SØRSEA AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

12,76 %

Current Ratio

0,48

Debt-to-Equity Ratio

0,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 571 000	3 398 000	3 585 000	3 585 000
Net Income	2 225 000	2 222 000	2 309 000	2 211 000
Total Assets	35 835 000	36 621 000	36 186 000	35 780 000
Total Equity	17 435 000	16 710 000	15 988 000	15 179 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 571 000	3 398 000	3 585 000	3 585 000
Expenditure	167 000	182 000	155 000	138 000
Operating Profit	3 404 000	3 217 000	3 431 000	3 447 000
Financial Income	0	0	0	1 000
Financial Costs	552 000	368 000	471 000	613 000
Financial Balance	−552 000	−368 000	−471 000	−612 000
Earnings Before Tax	2 852 000	2 849 000	2 960 000	2 835 000
Tax	627 000	627 000	651 000	624 000
Net Income	2 225 000	2 222 000	2 309 000	2 211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 208 000	34 211 000	34 213 000	34 216 000
Total Current Assets	1 627 000	2 410 000	1 972 000	1 564 000
Total Assets	35 835 000	36 621 000	36 186 000	35 780 000
Total Retained Equity	17 319 000	16 594 000	15 872 000	15 063 000
Total Equity	17 435 000	16 710 000	15 988 000	15 179 000
Total Long-Term Debt	15 017 000	16 150 000	16 894 000	0
Total Current Debt	3 384 000	3 761 000	3 304 000	20 601 000
Total Equity and Debt	35 835 000	36 621 000	36 186 000	35 780 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 571 000	3 398 000	3 585 000	3 585 000
Other Income	0	0	0	0
Revenue	3 571 000	3 398 000	3 585 000	3 585 000
Cost of Goods Sold	0	0	0	0
Salary Costs	103 000	103 000	103 000	103 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	167 000	182 000	155 000	138 000
Operating Profit	3 404 000	3 217 000	3 431 000	3 447 000
Financial Income	0	0	0	1 000
Financial Costs	552 000	368 000	471 000	613 000
Financial Balance	−552 000	−368 000	−471 000	−612 000
Dividends	1 500 000	1 500 000	1 500 000	1 000 000
Net Income	2 225 000	2 222 000	2 309 000	2 211 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	59 000	61 000	64 000	66 000
Real Eastate	34 150 000	34 150 000	34 150 000	34 150 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	34 150 000	34 150 000	34 150 000	34 150 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	34 208 000	34 211 000	34 213 000	34 216 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 620 000	2 404 000	1 966 000	1 564 000
Total Current Assets	1 627 000	2 410 000	1 972 000	1 564 000
Total Assets	35 835 000	36 621 000	36 186 000	35 780 000
Total Equity	17 435 000	16 710 000	15 988 000	15 179 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 017 000	16 150 000	16 894 000	0
Creditors	0	0	5 000	8 000
Unpaid Taxes	223 000	212 000	211 000	223 000
Dividends	1 500 000	1 500 000	1 500 000	1 000 000
Other Current Debt	1 035 000	1 424 000	939 000	1 900 000
Total Current Debt	3 384 000	3 761 000	3 304 000	20 601 000
Total Equity and Debt	35 835 000	36 621 000	36 186 000	35 780 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,76 %	13,3 %	14,44 %	14,57 %
Debt-to-Equity Ratio	0,86	0,97	1,06	0
Operating Profit Margin	95,32 %	94,67 %	95,7 %	96,15 %
Current Ratio	0,48	0,64	0,6	0,08
Quick Ratio	0,48	0,64	0,6	0,08
Equity Ratio	0,49	0,46	0,44	0,42
Gross Profit Margin	100 %	100 %	100 %	100 %