SUMMIT AS

4622 KRISTIANSAND S

Finances

Return on Equity

−72,18 %

Current Ratio

0,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	355 000	0	0	−144 000
Net Income	−1 230 000	−1 013 000	−98 000	−1 377 000
Total Assets	3 133 000	4 015 000	4 941 000	6 097 000
Total Equity	1 704 000	2 934 000	3 947 000	545 000

Income (NOK)	2022	2021	2020	2019
Revenue	355 000	0	0	−144 000
Expenditure	1 264 000	218 000	47 000	935 000
Operating Profit	−909 000	−218 000	−47 000	−1 079 000
Financial Income	0	0	21 000	80 000
Financial Costs	364 000	817 000	72 000	378 000
Financial Balance	−364 000	−817 000	−51 000	−298 000
Earnings Before Tax	−1 273 000	−1 035 000	−98 000	−1 377 000
Tax	−43 000	−22 000	0	0
Net Income	−1 230 000	−1 013 000	−98 000	−1 377 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 110 000	3 022 000	3 097 000	3 097 000
Total Current Assets	23 000	993 000	1 844 000	3 000 000
Total Assets	3 133 000	4 015 000	4 941 000	6 097 000
Total Retained Equity	−8 996 000	−7 766 000	−6 753 000	−6 655 000
Total Equity	1 704 000	2 934 000	3 947 000	545 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 429 000	1 081 000	994 000	5 552 000
Total Equity and Debt	3 133 000	4 015 000	4 941 000	6 097 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	355 000	0	0	−144 000
Other Income	0	0	0	0
Revenue	355 000	0	0	−144 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 264 000	218 000	47 000	935 000
Operating Profit	−909 000	−218 000	−47 000	−1 079 000
Financial Income	0	0	21 000	80 000
Financial Costs	364 000	817 000	72 000	378 000
Financial Balance	−364 000	−817 000	−51 000	−298 000
Dividends	0	0	0	0
Net Income	−1 230 000	−1 013 000	−98 000	−1 377 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 658 000	1 615 000	1 590 000	1 590 000
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	1 452 000	1 406 000	1 506 000	1 506 000
Total Fixed Assets	3 110 000	3 022 000	3 097 000	3 097 000
Stock	0	0	0	0
Total Investments	18 000	382 000	1 096 000	1 093 000
Cash, Bank	0	565 000	741 000	1 643 000
Total Current Assets	23 000	993 000	1 844 000	3 000 000
Total Assets	3 133 000	4 015 000	4 941 000	6 097 000
Total Equity	1 704 000	2 934 000	3 947 000	545 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 429 000	1 081 000	994 000	5 552 000
Total Current Debt	1 429 000	1 081 000	994 000	5 552 000
Total Equity and Debt	3 133 000	4 015 000	4 941 000	6 097 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−72,18 %	−34,53 %	−2,48 %	−252,66 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−256,06 %	-	-	749,31 %
Current Ratio	0,02	0,92	1,86	0,54
Quick Ratio	0,02	0,92	1,86	0,54
Equity Ratio	0,54	0,73	0,8	0,09
Gross Profit Margin	100 %	-	-	100 %