SOMEC NORWAY BRANCH

IT-31020 SAN VENDEMIANO (TV)

Finances

Share Ownership

Return on Equity

131,4 %

Current Ratio

0,96

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019
Revenue	14 594 000	5 309 000	862 000
Net Income	−590 000	5 000	135 000
Total Assets	20 125 000	7 566 000	959 000
Total Equity	−449 000	140 000	135 000

Income (NOK)	2021	2020	2019
Revenue	14 594 000	5 309 000	862 000
Expenditure	14 907 000	5 239 000	689 000
Operating Profit	−313 000	70 000	173 000
Financial Income	166 000	108 000	0
Financial Costs	443 000	140 000	0
Financial Balance	−277 000	−32 000	0
Earnings Before Tax	−590 000	38 000	173 000
Tax	0	33 000	38 000
Net Income	−590 000	5 000	135 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	360 000	770 000	0
Total Current Assets	19 765 000	6 796 000	959 000
Total Assets	20 125 000	7 566 000	959 000
Total Retained Equity	−449 000	140 000	135 000
Total Equity	−449 000	140 000	135 000
Total Long-Term Debt	0	0	720 000
Total Current Debt	20 575 000	7 426 000	104 000
Total Equity and Debt	20 125 000	7 566 000	959 000

Cash flow (NOK)	2021	2020	2019
Sales Income	14 594 000	5 309 000	767 000
Other Income	0	0	95 000
Revenue	14 594 000	5 309 000	862 000
Cost of Goods Sold	14 827 000	5 158 000	679 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	14 907 000	5 239 000	689 000
Operating Profit	−313 000	70 000	173 000
Financial Income	166 000	108 000	0
Financial Costs	443 000	140 000	0
Financial Balance	−277 000	−32 000	0
Dividends	0	0	0
Net Income	−590 000	5 000	135 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	360 000	770 000	0
Total Fixed Assets	360 000	770 000	0
Stock	1 507 000	501 000	0
Total Investments	0	0	0
Cash, Bank	4 873 000	290 000	0
Total Current Assets	19 765 000	6 796 000	959 000
Total Assets	20 125 000	7 566 000	959 000
Total Equity	−449 000	140 000	135 000
Short-Term Group Debt	155 000	0	0
Total Long-Term Debt	0	0	720 000
Creditors	15 994 000	5 413 000	9 000
Unpaid Taxes	2 505 000	1 074 000	57 000
Dividends	0	0	0
Other Current Debt	1 920 000	907 000	0
Total Current Debt	20 575 000	7 426 000	104 000
Total Equity and Debt	20 125 000	7 566 000	959 000

Financial indicators	2021	2020	2019
Return on Equity	131,4 %	3,57 %	100 %
Debt-to-Equity Ratio	−0	0	5,33
Operating Profit Margin	−2,14 %	1,32 %	20,07 %
Current Ratio	0,96	0,92	9,22
Quick Ratio	1,04	0,98	9,22
Equity Ratio	−0,02	0,02	0,14
Gross Profit Margin	−1,6 %	2,84 %	21,23 %

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