SØSTRENE HAGELIN AS

5013 BERGEN

Finances

Share Ownership

Return on Equity

−26,92 %

Current Ratio

0,9

Debt-to-Equity Ratio

16,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 958 000	7 465 000	8 307 000	11 219 000
Net Income	−28 000	−419 000	12 000	929 000
Total Assets	2 935 000	2 878 000	1 121 000	2 657 000
Total Equity	104 000	132 000	550 000	538 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 958 000	7 465 000	8 307 000	11 219 000
Expenditure	9 904 000	7 946 000	8 289 000	10 029 000
Operating Profit	54 000	−482 000	18 000	1 191 000
Financial Income	0	0	0	1 000
Financial Costs	90 000	54 000	2 000	−1 000
Financial Balance	−90 000	−54 000	−2 000	2 000
Earnings Before Tax	−36 000	−535 000	16 000	1 192 000
Tax	−8 000	−116 000	4 000	264 000
Net Income	−28 000	−419 000	12 000	929 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 961 000	2 146 000	356 000	389 000
Total Current Assets	974 000	732 000	765 000	2 268 000
Total Assets	2 935 000	2 878 000	1 121 000	2 657 000
Total Retained Equity	−97 000	−69 000	350 000	338 000
Total Equity	104 000	132 000	550 000	538 000
Total Long-Term Debt	1 750 000	1 750 000	0	0
Total Current Debt	1 081 000	997 000	571 000	2 119 000
Total Equity and Debt	2 935 000	2 878 000	1 121 000	2 657 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 893 000	7 239 000	8 062 000	11 219 000
Other Income	65 000	226 000	245 000	0
Revenue	9 958 000	7 465 000	8 307 000	11 219 000
Cost of Goods Sold	3 860 000	2 927 000	3 442 000	4 186 000
Salary Costs	3 551 000	2 883 000	2 982 000	3 950 000
Depreciation	240 000	212 000	59 000	106 000
Impairment	0	0	0	0
Expenditure	9 904 000	7 946 000	8 289 000	10 029 000
Operating Profit	54 000	−482 000	18 000	1 191 000
Financial Income	0	0	0	1 000
Financial Costs	90 000	54 000	2 000	−1 000
Financial Balance	−90 000	−54 000	−2 000	2 000
Dividends	0	0	0	800 000
Net Income	−28 000	−419 000	12 000	929 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	302 000	309 000	208 000	224 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 659 000	1 837 000	148 000	165 000
Total Tangible Assets	1 659 000	1 837 000	148 000	165 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 961 000	2 146 000	356 000	389 000
Stock	206 000	241 000	322 000	472 000
Total Investments	0	0	0	0
Cash, Bank	632 000	403 000	276 000	1 640 000
Total Current Assets	974 000	732 000	765 000	2 268 000
Total Assets	2 935 000	2 878 000	1 121 000	2 657 000
Total Equity	104 000	132 000	550 000	538 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 750 000	1 750 000	0	0
Creditors	240 000	273 000	27 000	216 000
Unpaid Taxes	416 000	284 000	226 000	406 000
Dividends	0	0	0	800 000
Other Current Debt	424 000	440 000	315 000	431 000
Total Current Debt	1 081 000	997 000	571 000	2 119 000
Total Equity and Debt	2 935 000	2 878 000	1 121 000	2 657 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,92 %	−317,42 %	2,18 %	172,68 %
Debt-to-Equity Ratio	16,83	13,26	0	0
Operating Profit Margin	0,54 %	−6,46 %	0,22 %	10,62 %
Current Ratio	0,9	0,73	1,34	1,07
Quick Ratio	1,11	0,97	3,07	1,38
Equity Ratio	0,04	0,05	0,49	0,2
Gross Profit Margin	61,24 %	60,79 %	58,57 %	62,69 %