NORWAY SUMMIT AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

−103,29 %

Current Ratio

1,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 073 000	998 000	878 000	1 342 000
Net Income	−220 000	48 000	137 000	46 000
Total Assets	519 000	698 000	321 000	340 000
Total Equity	213 000	271 000	222 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 073 000	998 000	878 000	1 342 000
Expenditure	1 291 000	934 000	699 000	1 278 000
Operating Profit	−217 000	64 000	179 000	64 000
Financial Income	0	0	0	0
Financial Costs	3 000	1 000	0	0
Financial Balance	−3 000	−1 000	0	0
Earnings Before Tax	−220 000	63 000	179 000	64 000
Tax	0	15 000	42 000	17 000
Net Income	−220 000	48 000	137 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	519 000	698 000	321 000	340 000
Total Assets	519 000	698 000	321 000	340 000
Total Retained Equity	−149 000	70 000	22 000	−115 000
Total Equity	213 000	271 000	222 000	85 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	306 000	428 000	99 000	254 000
Total Equity and Debt	519 000	698 000	321 000	340 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	873 000	798 000	678 000	642 000
Other Income	200 000	200 000	200 000	700 000
Revenue	1 073 000	998 000	878 000	1 342 000
Cost of Goods Sold	728 000	310 000	269 000	347 000
Salary Costs	367 000	193 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 291 000	934 000	699 000	1 278 000
Operating Profit	−217 000	64 000	179 000	64 000
Financial Income	0	0	0	0
Financial Costs	3 000	1 000	0	0
Financial Balance	−3 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	−220 000	48 000	137 000	46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	468 000	431 000	178 000	101 000
Total Current Assets	519 000	698 000	321 000	340 000
Total Assets	519 000	698 000	321 000	340 000
Total Equity	213 000	271 000	222 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	271 000	394 000	20 000	226 000
Unpaid Taxes	35 000	19 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	37 000	16 000
Total Current Debt	306 000	428 000	99 000	254 000
Total Equity and Debt	519 000	698 000	321 000	340 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−103,29 %	17,71 %	61,71 %	54,12 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−20,22 %	6,41 %	20,39 %	4,77 %
Current Ratio	1,7	1,63	3,24	1,34
Quick Ratio	1,7	1,63	3,24	1,34
Equity Ratio	0,41	0,39	0,69	0,25
Gross Profit Margin	32,15 %	68,94 %	69,36 %	74,14 %