SUMMIT PROPERTY AS

6006 ÅLESUND

Finances

Return on Equity

11,65 %

Current Ratio

3,03

Debt-to-Equity Ratio

1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	140 000	435 000	475 000	349 000
Net Income	36 000	164 000	87 000	105 000
Total Assets	836 000	818 000	594 000	517 000
Total Equity	309 000	273 000	109 000	22 000

Income (NOK)	2022	2021	2020	2019
Revenue	140 000	435 000	475 000	349 000
Expenditure	81 000	236 000	388 000	244 000
Operating Profit	58 000	199 000	87 000	105 000
Financial Income	0	0	0	0
Financial Costs	12 000	5 000	0	0
Financial Balance	−12 000	−5 000	0	0
Earnings Before Tax	46 000	194 000	87 000	105 000
Tax	10 000	30 000	0	0
Net Income	36 000	164 000	87 000	105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	723 000	723 000	333 000	333 000
Total Current Assets	112 000	94 000	260 000	183 000
Total Assets	836 000	818 000	594 000	517 000
Total Retained Equity	9 000	−27 000	−191 000	−278 000
Total Equity	309 000	273 000	109 000	22 000
Total Long-Term Debt	490 000	503 000	403 000	403 000
Total Current Debt	37 000	42 000	81 000	92 000
Total Equity and Debt	836 000	818 000	594 000	517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	140 000	435 000	475 000	349 000
Other Income	0	0	0	0
Revenue	140 000	435 000	475 000	349 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	163 000	311 000	201 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	81 000	236 000	388 000	244 000
Operating Profit	58 000	199 000	87 000	105 000
Financial Income	0	0	0	0
Financial Costs	12 000	5 000	0	0
Financial Balance	−12 000	−5 000	0	0
Dividends	0	0	0	0
Net Income	36 000	164 000	87 000	105 000

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	723 000	723 000	333 000	333 000
Total Fixed Assets	723 000	723 000	333 000	333 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	74 000	93 000	238 000	108 000
Total Current Assets	112 000	94 000	260 000	183 000
Total Assets	836 000	818 000	594 000	517 000
Total Equity	309 000	273 000	109 000	22 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	490 000	503 000	403 000	403 000
Creditors	11 000	1 000	4 000	0
Unpaid Taxes	24 000	19 000	39 000	28 000
Dividends	0	0	0	0
Other Current Debt	−9 000	−9 000	39 000	64 000
Total Current Debt	37 000	42 000	81 000	92 000
Total Equity and Debt	836 000	818 000	594 000	517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,65 %	60,07 %	79,82 %	477,27 %
Debt-to-Equity Ratio	1,59	1,84	3,7	18,32
Operating Profit Margin	41,43 %	45,75 %	18,32 %	30,09 %
Current Ratio	3,03	2,24	3,21	1,99
Quick Ratio	3,03	2,24	3,21	1,99
Equity Ratio	0,37	0,33	0,18	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %