SØMMEVÅGEN II AS

4050 SOLA

Finances

Share Ownership

Return on Equity

−498,2 %

Current Ratio

0,92

Debt-to-Equity Ratio

117,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	790 000	2 910 000
Net Income	−553 000	−349 000	−412 000	44 000
Total Assets	23 510 000	23 256 000	22 063 000	21 873 000
Total Equity	111 000	107 000	−301 000	111 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	790 000	2 910 000
Expenditure	176 000	189 000	772 000	2 703 000
Operating Profit	−176 000	−189 000	18 000	207 000
Financial Income	274 000	269 000	289 000	383 000
Financial Costs	808 000	642 000	719 000	617 000
Financial Balance	−534 000	−373 000	−430 000	−234 000
Earnings Before Tax	−710 000	−562 000	−412 000	−27 000
Tax	−157 000	−213 000	0	−71 000
Net Income	−553 000	−349 000	−412 000	44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 975 000	13 701 000	13 433 000	13 144 000
Total Current Assets	9 535 000	9 555 000	8 630 000	8 729 000
Total Assets	23 510 000	23 256 000	22 063 000	21 873 000
Total Retained Equity	−1 314 000	−761 000	−412 000	0
Total Equity	111 000	107 000	−301 000	111 000
Total Long-Term Debt	13 000 000	13 000 000	13 000 000	12 770 000
Total Current Debt	10 399 000	10 149 000	9 364 000	8 992 000
Total Equity and Debt	23 510 000	23 256 000	22 063 000	21 873 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	790 000	2 910 000
Other Income	0	0	0	0
Revenue	0	0	790 000	2 910 000
Cost of Goods Sold	0	0	610 000	2 530 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	176 000	189 000	772 000	2 703 000
Operating Profit	−176 000	−189 000	18 000	207 000
Financial Income	274 000	269 000	289 000	383 000
Financial Costs	808 000	642 000	719 000	617 000
Financial Balance	−534 000	−373 000	−430 000	−234 000
Dividends	0	0	0	0
Net Income	−553 000	−349 000	−412 000	44 000

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	13 975 000	13 701 000	13 433 000	13 144 000
Total Fixed Assets	13 975 000	13 701 000	13 433 000	13 144 000
Stock	8 647 000	8 493 000	8 350 000	8 310 000
Total Investments	0	0	0	0
Cash, Bank	173 000	92 000	280 000	97 000
Total Current Assets	9 535 000	9 555 000	8 630 000	8 729 000
Total Assets	23 510 000	23 256 000	22 063 000	21 873 000
Total Equity	111 000	107 000	−301 000	111 000
Short-Term Group Debt	10 293 000	10 111 000	9 278 000	8 829 000
Total Long-Term Debt	13 000 000	13 000 000	13 000 000	12 770 000
Creditors	49 000	20 000	3 000	10 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	57 000	18 000	83 000	153 000
Total Current Debt	10 399 000	10 149 000	9 364 000	8 992 000
Total Equity and Debt	23 510 000	23 256 000	22 063 000	21 873 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−498,2 %	−326,17 %	136,88 %	39,64 %
Debt-to-Equity Ratio	117,12	121,5	−43,19	115,05
Operating Profit Margin	-	-	2,28 %	7,11 %
Current Ratio	0,92	0,94	0,92	0,97
Quick Ratio	5,44	5,77	8,51	12,8
Equity Ratio	0	0	−0,01	0,01
Gross Profit Margin	-	-	22,78 %	13,06 %