SUMMO AREA AS

7044 TRONDHEIM

Finances

Share Ownership

Return on Equity

−9,87 %

Current Ratio

11,37

Debt-to-Equity Ratio

−7,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 895 000	8 244 000	7 692 000	6 961 000
Net Income	734 000	208 000	−2 341 000	−3 604 000
Total Assets	47 057 000	48 245 000	48 293 000	48 004 000
Total Equity	−7 438 000	−8 171 000	−8 379 000	−8 503 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 895 000	8 244 000	7 692 000	6 961 000
Expenditure	5 799 000	6 627 000	9 214 000	8 696 000
Operating Profit	3 096 000	1 617 000	−1 522 000	−1 734 000
Financial Income	0	6 000	18 000	16 000
Financial Costs	2 156 000	1 355 000	1 497 000	2 902 000
Financial Balance	−2 156 000	−1 349 000	−1 479 000	−2 886 000
Earnings Before Tax	941 000	267 000	−3 001 000	−4 621 000
Tax	207 000	60 000	−660 000	−1 017 000
Net Income	734 000	208 000	−2 341 000	−3 604 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	39 118 000	40 536 000	41 795 000	43 589 000
Total Current Assets	7 938 000	7 709 000	6 499 000	4 415 000
Total Assets	47 057 000	48 245 000	48 293 000	48 004 000
Total Retained Equity	−10 676 000	−11 409 000	−11 617 000	−9 276 000
Total Equity	−7 438 000	−8 171 000	−8 379 000	−8 503 000
Total Long-Term Debt	53 797 000	55 762 000	55 697 000	55 344 000
Total Current Debt	698 000	655 000	976 000	1 162 000
Total Equity and Debt	47 057 000	48 245 000	48 293 000	48 004 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	264 000	217 000	0	0
Other Income	8 631 000	8 026 000	7 692 000	6 961 000
Revenue	8 895 000	8 244 000	7 692 000	6 961 000
Cost of Goods Sold	1 537 000	1 543 000	1 179 000	0
Salary Costs	1 000	0	0	0
Depreciation	1 838 000	1 806 000	1 797 000	1 793 000
Impairment	0	0	0	0
Expenditure	5 799 000	6 627 000	9 214 000	8 696 000
Operating Profit	3 096 000	1 617 000	−1 522 000	−1 734 000
Financial Income	0	6 000	18 000	16 000
Financial Costs	2 156 000	1 355 000	1 497 000	2 902 000
Financial Balance	−2 156 000	−1 349 000	−1 479 000	−2 886 000
Dividends	0	0	0	0
Net Income	734 000	208 000	−2 341 000	−3 604 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	39 054 000	40 462 000	41 708 000	43 494 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	64 000	74 000	84 000	94 000
Total Tangible Assets	39 118 000	40 536 000	41 792 000	43 589 000
Total Fiancial Fixed Assets	0	0	3 000	0
Total Fixed Assets	39 118 000	40 536 000	41 795 000	43 589 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 628 000	3 053 000	2 048 000	2 745 000
Total Current Assets	7 938 000	7 709 000	6 499 000	4 415 000
Total Assets	47 057 000	48 245 000	48 293 000	48 004 000
Total Equity	−7 438 000	−8 171 000	−8 379 000	−8 503 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	53 797 000	55 762 000	55 697 000	55 344 000
Creditors	168 000	455 000	614 000	815 000
Unpaid Taxes	61 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	469 000	200 000	362 000	347 000
Total Current Debt	698 000	655 000	976 000	1 162 000
Total Equity and Debt	47 057 000	48 245 000	48 293 000	48 004 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,87 %	−2,55 %	27,94 %	42,39 %
Debt-to-Equity Ratio	−7,23	−6,82	−6,65	−6,51
Operating Profit Margin	34,81 %	19,61 %	−19,79 %	−24,91 %
Current Ratio	11,37	11,77	6,66	3,8
Quick Ratio	11,37	11,77	6,66	3,8
Equity Ratio	−0,16	−0,17	−0,17	−0,18
Gross Profit Margin	82,72 %	81,28 %	84,67 %	100 %