ERIK SOMMER AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

−6,67 %

Current Ratio

3,6

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 352 000	12 498 000	12 137 000	13 829 000
Net Income	−289 000	1 155 000	512 000	119 000
Total Assets	5 984 000	7 614 000	11 982 000	13 467 000
Total Equity	4 335 000	4 553 000	3 398 000	2 886 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 352 000	12 498 000	12 137 000	13 829 000
Expenditure	8 700 000	10 730 000	11 268 000	13 453 000
Operating Profit	−348 000	1 768 000	868 000	375 000
Financial Income	49 000	42 000	162 000	159 000
Financial Costs	66 000	330 000	374 000	382 000
Financial Balance	−17 000	−288 000	−212 000	−223 000
Earnings Before Tax	−366 000	1 481 000	656 000	153 000
Tax	−76 000	325 000	145 000	34 000
Net Income	−289 000	1 155 000	512 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	812 000	514 000	6 377 000	6 445 000
Total Current Assets	5 172 000	7 100 000	5 606 000	7 022 000
Total Assets	5 984 000	7 614 000	11 982 000	13 467 000
Total Retained Equity	3 776 000	3 994 000	2 839 000	2 327 000
Total Equity	4 335 000	4 553 000	3 398 000	2 886 000
Total Long-Term Debt	213 000	433 000	5 291 000	4 867 000
Total Current Debt	1 437 000	2 627 000	3 293 000	5 714 000
Total Equity and Debt	5 984 000	7 614 000	11 982 000	13 467 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 865 000	9 963 000	11 771 000	13 588 000
Other Income	488 000	2 535 000	366 000	241 000
Revenue	8 352 000	12 498 000	12 137 000	13 829 000
Cost of Goods Sold	7 010 000	8 378 000	8 469 000	11 009 000
Salary Costs	64 000	64 000	13 000	0
Depreciation	218 000	333 000	679 000	445 000
Impairment	0	0	0	0
Expenditure	8 700 000	10 730 000	11 268 000	13 453 000
Operating Profit	−348 000	1 768 000	868 000	375 000
Financial Income	49 000	42 000	162 000	159 000
Financial Costs	66 000	330 000	374 000	382 000
Financial Balance	−17 000	−288 000	−212 000	−223 000
Dividends	0	0	0	0
Net Income	−289 000	1 155 000	512 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	29 000	0	4 907 000	4 886 000
Machinery and Plant Facilities	64 000	106 000	149 000	191 000
Fixtures	719 000	408 000	1 317 000	1 364 000
Total Tangible Assets	812 000	514 000	6 374 000	6 441 000
Total Fiancial Fixed Assets	0	0	3 000	3 000
Total Fixed Assets	812 000	514 000	6 377 000	6 445 000
Stock	1 294 000	2 059 000	2 757 000	5 552 000
Total Investments	0	0	0	0
Cash, Bank	3 445 000	2 648 000	641 000	114 000
Total Current Assets	5 172 000	7 100 000	5 606 000	7 022 000
Total Assets	5 984 000	7 614 000	11 982 000	13 467 000
Total Equity	4 335 000	4 553 000	3 398 000	2 886 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	213 000	433 000	5 291 000	4 867 000
Creditors	268 000	1 474 000	1 604 000	3 030 000
Unpaid Taxes	298 000	277 000	313 000	136 000
Dividends	0	0	0	0
Other Current Debt	871 000	840 000	1 192 000	2 522 000
Total Current Debt	1 437 000	2 627 000	3 293 000	5 714 000
Total Equity and Debt	5 984 000	7 614 000	11 982 000	13 467 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,67 %	25,37 %	15,07 %	4,12 %
Debt-to-Equity Ratio	0,05	0,1	1,56	1,69
Operating Profit Margin	−4,17 %	14,15 %	7,15 %	2,71 %
Current Ratio	3,6	2,7	1,7	1,23
Quick Ratio	36,17	12,5	10,46	43,35
Equity Ratio	0,72	0,6	0,28	0,21
Gross Profit Margin	16,07 %	32,97 %	30,22 %	20,39 %