SØRVÅG ENTREPRENØR AS

4877 GRIMSTAD

Finances

Share Ownership

Return on Equity

−27,23 %

Current Ratio

1,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 369 000	1 858 000	2 155 000	2 487 000
Net Income	−214 000	−80 000	177 000	375 000
Total Assets	1 220 000	1 447 000	2 075 000	2 038 000
Total Equity	786 000	1 000 000	1 230 000	1 253 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 369 000	1 858 000	2 155 000	2 487 000
Expenditure	1 646 000	1 963 000	1 925 000	1 981 000
Operating Profit	−277 000	−105 000	230 000	505 000
Financial Income	3 000	2 000	2 000	4 000
Financial Costs	0	0	4 000	28 000
Financial Balance	3 000	2 000	−2 000	−24 000
Earnings Before Tax	−274 000	−103 000	227 000	481 000
Tax	−60 000	−23 000	50 000	106 000
Net Income	−214 000	−80 000	177 000	375 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	475 000	569 000	638 000	839 000
Total Current Assets	746 000	878 000	1 437 000	1 199 000
Total Assets	1 220 000	1 447 000	2 075 000	2 038 000
Total Retained Equity	686 000	900 000	1 130 000	1 153 000
Total Equity	786 000	1 000 000	1 230 000	1 253 000
Total Long-Term Debt	0	44 000	67 000	323 000
Total Current Debt	435 000	403 000	778 000	462 000
Total Equity and Debt	1 220 000	1 447 000	2 075 000	2 038 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 297 000	1 858 000	2 155 000	2 277 000
Other Income	72 000	0	0	210 000
Revenue	1 369 000	1 858 000	2 155 000	2 487 000
Cost of Goods Sold	365 000	396 000	279 000	303 000
Salary Costs	537 000	757 000	779 000	735 000
Depreciation	110 000	147 000	201 000	266 000
Impairment	0	0	0	0
Expenditure	1 646 000	1 963 000	1 925 000	1 981 000
Operating Profit	−277 000	−105 000	230 000	505 000
Financial Income	3 000	2 000	2 000	4 000
Financial Costs	0	0	4 000	28 000
Financial Balance	3 000	2 000	−2 000	−24 000
Dividends	0	150 000	200 000	50 000
Net Income	−214 000	−80 000	177 000	375 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	449 000	556 000	600 000	745 000
Fixtures	10 000	13 000	38 000	94 000
Total Tangible Assets	459 000	569 000	638 000	839 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	475 000	569 000	638 000	839 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	573 000	567 000	585 000	861 000
Total Current Assets	746 000	878 000	1 437 000	1 199 000
Total Assets	1 220 000	1 447 000	2 075 000	2 038 000
Total Equity	786 000	1 000 000	1 230 000	1 253 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	44 000	67 000	323 000
Creditors	47 000	52 000	126 000	69 000
Unpaid Taxes	158 000	131 000	280 000	152 000
Dividends	0	150 000	200 000	50 000
Other Current Debt	229 000	70 000	97 000	97 000
Total Current Debt	435 000	403 000	778 000	462 000
Total Equity and Debt	1 220 000	1 447 000	2 075 000	2 038 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,23 %	−8 %	14,39 %	29,93 %
Debt-to-Equity Ratio	0	0,04	0,05	0,26
Operating Profit Margin	−20,23 %	−5,65 %	10,67 %	20,31 %
Current Ratio	1,71	2,18	1,85	2,6
Quick Ratio	1,71	2,18	1,85	2,6
Equity Ratio	0,64	0,69	0,59	0,61
Gross Profit Margin	73,34 %	78,69 %	87,05 %	87,82 %