SØRGAB AS

4755 HOVDEN I SETESDAL

Finances

Return on Equity

0,51 %

Current Ratio

4,11

Debt-to-Equity Ratio

1,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 476 000	1 721 000	2 565 000	4 135 000
Net Income	120 000	229 000	96 000	1 646 000
Total Assets	62 001 000	61 704 000	64 576 000	57 018 000
Total Equity	23 495 000	9 883 000	9 100 000	1 004 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 476 000	1 721 000	2 565 000	4 135 000
Expenditure	2 386 000	810 000	1 658 000	849 000
Operating Profit	1 090 000	911 000	907 000	3 286 000
Financial Income	4 000	0	0	0
Financial Costs	939 000	618 000	784 000	1 176 000
Financial Balance	−935 000	−618 000	−784 000	−1 176 000
Earnings Before Tax	154 000	293 000	123 000	2 110 000
Tax	34 000	64 000	27 000	464 000
Net Income	120 000	229 000	96 000	1 646 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 668 000	47 026 000	50 851 000	41 346 000
Total Current Assets	21 333 000	14 678 000	13 725 000	15 672 000
Total Assets	62 001 000	61 704 000	64 576 000	57 018 000
Total Retained Equity	1 349 000	1 229 000	1 000 000	904 000
Total Equity	23 495 000	9 883 000	9 100 000	1 004 000
Total Long-Term Debt	33 320 000	41 036 000	37 308 000	48 485 000
Total Current Debt	5 186 000	10 785 000	18 168 000	7 529 000
Total Equity and Debt	62 001 000	61 704 000	64 576 000	57 018 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 000	0	29 000	0
Other Income	3 126 000	1 721 000	2 536 000	4 135 000
Revenue	3 476 000	1 721 000	2 565 000	4 135 000
Cost of Goods Sold	0	0	11 000	0
Salary Costs	0	0	0	0
Depreciation	28 000	25 000	24 000	216 000
Impairment	0	0	0	0
Expenditure	2 386 000	810 000	1 658 000	849 000
Operating Profit	1 090 000	911 000	907 000	3 286 000
Financial Income	4 000	0	0	0
Financial Costs	939 000	618 000	784 000	1 176 000
Financial Balance	−935 000	−618 000	−784 000	−1 176 000
Dividends	0	0	0	0
Net Income	120 000	229 000	96 000	1 646 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	37 414 000	43 745 000	39 098 000	38 085 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	70 000	98 000	94 000	56 000
Total Tangible Assets	37 484 000	43 843 000	39 192 000	38 141 000
Total Fiancial Fixed Assets	3 183 000	3 183 000	11 659 000	3 205 000
Total Fixed Assets	40 668 000	47 026 000	50 851 000	41 346 000
Stock	6 247 000	6 247 000	10 491 000	19 169 000
Total Investments	0	0	0	0
Cash, Bank	2 000	260 000	2 089 000	133 000
Total Current Assets	21 333 000	14 678 000	13 725 000	15 672 000
Total Assets	62 001 000	61 704 000	64 576 000	57 018 000
Total Equity	23 495 000	9 883 000	9 100 000	1 004 000
Short-Term Group Debt	0	4 212 000	10 355 000	1 200 000
Total Long-Term Debt	33 320 000	41 036 000	37 308 000	48 485 000
Creditors	146 000	84 000	225 000	4 000
Unpaid Taxes	40 000	0	576 000	342 000
Dividends	0	0	0	0
Other Current Debt	5 001 000	6 479 000	7 012 000	5 937 000
Total Current Debt	5 186 000	10 785 000	18 168 000	7 529 000
Total Equity and Debt	62 001 000	61 704 000	64 576 000	57 018 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,51 %	2,32 %	1,05 %	163,94 %
Debt-to-Equity Ratio	1,42	4,15	4,1	48,29
Operating Profit Margin	31,36 %	52,93 %	35,36 %	79,47 %
Current Ratio	4,11	1,36	0,76	2,08
Quick Ratio	−20,11	3,23	1,79	−1,35
Equity Ratio	0,38	0,16	0,14	0,02
Gross Profit Margin	100 %	100 %	99,57 %	100 %