LYNGEN SUMMIT AS

7011 TRONDHEIM

Finances

Return on Equity

−84,22 %

Current Ratio

0,63

Debt-to-Equity Ratio

1,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	179 000	428 000	626 000	558 000
Net Income	−507 000	−87 000	232 000	266 000
Total Assets	2 031 000	2 173 000	1 578 000	1 249 000
Total Equity	602 000	1 109 000	1 196 000	963 000

Income (NOK)	2022	2021	2020	2019
Revenue	179 000	428 000	626 000	558 000
Expenditure	667 000	511 000	434 000	321 000
Operating Profit	−489 000	−83 000	192 000	237 000
Financial Income	25 000	23 000	48 000	35 000
Financial Costs	43 000	27 000	8 000	7 000
Financial Balance	−18 000	−4 000	40 000	28 000
Earnings Before Tax	−507 000	−87 000	232 000	266 000
Tax	0	0	0	0
Net Income	−507 000	−87 000	232 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 772 000	1 831 000	1 343 000	1 137 000
Total Current Assets	259 000	342 000	236 000	112 000
Total Assets	2 031 000	2 173 000	1 578 000	1 249 000
Total Retained Equity	402 000	909 000	996 000	763 000
Total Equity	602 000	1 109 000	1 196 000	963 000
Total Long-Term Debt	1 018 000	692 000	0	0
Total Current Debt	411 000	372 000	383 000	286 000
Total Equity and Debt	2 031 000	2 173 000	1 578 000	1 249 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	179 000	428 000	626 000	558 000
Other Income	0	0	0	0
Revenue	179 000	428 000	626 000	558 000
Cost of Goods Sold	2 000	15 000	0	0
Salary Costs	317 000	290 000	406 000	283 000
Depreciation	123 000	103 000	0	0
Impairment	0	0	0	0
Expenditure	667 000	511 000	434 000	321 000
Operating Profit	−489 000	−83 000	192 000	237 000
Financial Income	25 000	23 000	48 000	35 000
Financial Costs	43 000	27 000	8 000	7 000
Financial Balance	−18 000	−4 000	40 000	28 000
Dividends	0	0	0	0
Net Income	−507 000	−87 000	232 000	266 000

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	390 000	513 000	0	0
Total Tangible Assets	390 000	513 000	0	0
Total Fiancial Fixed Assets	1 382 000	1 317 000	1 343 000	1 137 000
Total Fixed Assets	1 772 000	1 831 000	1 343 000	1 137 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	73 000	173 000	13 000	10 000
Total Current Assets	259 000	342 000	236 000	112 000
Total Assets	2 031 000	2 173 000	1 578 000	1 249 000
Total Equity	602 000	1 109 000	1 196 000	963 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 018 000	692 000	0	0
Creditors	6 000	60 000	3 000	5 000
Unpaid Taxes	55 000	89 000	148 000	63 000
Dividends	0	0	0	0
Other Current Debt	351 000	223 000	231 000	217 000
Total Current Debt	411 000	372 000	383 000	286 000
Total Equity and Debt	2 031 000	2 173 000	1 578 000	1 249 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−84,22 %	−7,84 %	19,4 %	27,62 %
Debt-to-Equity Ratio	1,69	0,62	0	0
Operating Profit Margin	−273,18 %	−19,39 %	30,67 %	42,47 %
Current Ratio	0,63	0,92	0,62	0,39
Quick Ratio	0,63	0,92	0,62	0,39
Equity Ratio	0,3	0,51	0,76	0,77
Gross Profit Margin	98,88 %	96,5 %	100 %	100 %