SØRENMO ELEKTRO AS

7970 KOLVEREID

Finances

Share Ownership

Return on Equity

−7,61 %

Current Ratio

0,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 397 000	3 306 000	2 933 000	1 422 000
Net Income	−155 000	611 000	521 000	−207 000
Total Assets	4 444 000	3 045 000	2 142 000	1 383 000
Total Equity	2 037 000	2 193 000	1 581 000	1 061 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 397 000	3 306 000	2 933 000	1 422 000
Expenditure	2 457 000	2 634 000	2 263 000	1 680 000
Operating Profit	−187 000	784 000	669 000	−258 000
Financial Income	0	0	0	1 000
Financial Costs	12 000	0	2 000	2 000
Financial Balance	−12 000	0	−2 000	−1 000
Earnings Before Tax	−199 000	785 000	668 000	−259 000
Tax	−44 000	173 000	147 000	−51 000
Net Income	−155 000	611 000	521 000	−207 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 484 000	42 000	44 000	113 000
Total Current Assets	1 960 000	3 002 000	2 098 000	1 270 000
Total Assets	4 444 000	3 045 000	2 142 000	1 383 000
Total Retained Equity	1 898 000	2 053 000	1 442 000	921 000
Total Equity	2 037 000	2 193 000	1 581 000	1 061 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 407 000	852 000	561 000	322 000
Total Equity and Debt	4 444 000	3 045 000	2 142 000	1 383 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 396 000	3 306 000	2 933 000	1 421 000
Other Income	0	0	0	1 000
Revenue	2 397 000	3 306 000	2 933 000	1 422 000
Cost of Goods Sold	1 194 000	1 290 000	1 079 000	636 000
Salary Costs	798 000	888 000	847 000	681 000
Depreciation	24 000	14 000	14 000	14 000
Impairment	0	0	0	0
Expenditure	2 457 000	2 634 000	2 263 000	1 680 000
Operating Profit	−187 000	784 000	669 000	−258 000
Financial Income	0	0	0	1 000
Financial Costs	12 000	0	2 000	2 000
Financial Balance	−12 000	0	−2 000	−1 000
Dividends	0	0	0	0
Net Income	−155 000	611 000	521 000	−207 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	58 000	14 000	1 000	56 000
Real Eastate	2 412 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	28 000	43 000	57 000
Total Tangible Assets	2 426 000	28 000	43 000	57 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 484 000	42 000	44 000	113 000
Stock	246 000	372 000	259 000	241 000
Total Investments	0	0	0	0
Cash, Bank	285 000	792 000	885 000	451 000
Total Current Assets	1 960 000	3 002 000	2 098 000	1 270 000
Total Assets	4 444 000	3 045 000	2 142 000	1 383 000
Total Equity	2 037 000	2 193 000	1 581 000	1 061 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	231 000	302 000	222 000	225 000
Unpaid Taxes	172 000	286 000	168 000	38 000
Dividends	0	0	0	0
Other Current Debt	69 000	79 000	78 000	59 000
Total Current Debt	2 407 000	852 000	561 000	322 000
Total Equity and Debt	4 444 000	3 045 000	2 142 000	1 383 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,61 %	27,86 %	32,95 %	−19,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−7,8 %	23,71 %	22,81 %	−18,14 %
Current Ratio	0,81	3,52	3,74	3,94
Quick Ratio	0,91	6,25	6,95	15,68
Equity Ratio	0,46	0,72	0,74	0,77
Gross Profit Margin	50,19 %	60,98 %	63,21 %	55,27 %