SØMMEVÅGEN III AS

4050 SOLA

Finances

Share Ownership

Return on Equity

0,17 %

Current Ratio

26,24

Debt-to-Equity Ratio

4,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 863 000	7 059 000	6 544 000	6 250 000
Net Income	24 000	637 000	424 000	−363 000
Total Assets	81 487 000	84 425 000	86 893 000	78 588 000
Total Equity	14 045 000	14 021 000	13 384 000	12 960 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 863 000	7 059 000	6 544 000	6 250 000
Expenditure	5 110 000	4 349 000	3 785 000	3 746 000
Operating Profit	2 753 000	2 710 000	2 759 000	2 503 000
Financial Income	396 000	376 000	232 000	27 000
Financial Costs	3 082 000	2 269 000	2 484 000	2 995 000
Financial Balance	−2 686 000	−1 893 000	−2 252 000	−2 968 000
Earnings Before Tax	67 000	818 000	507 000	−464 000
Tax	42 000	180 000	83 000	−101 000
Net Income	24 000	637 000	424 000	−363 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 833 000	70 173 000	73 225 000	62 740 000
Total Current Assets	19 655 000	14 253 000	13 668 000	15 849 000
Total Assets	81 487 000	84 425 000	86 893 000	78 588 000
Total Retained Equity	1 086 000	1 061 000	424 000	0
Total Equity	14 045 000	14 021 000	13 384 000	12 960 000
Total Long-Term Debt	66 693 000	69 880 000	73 044 000	437 000
Total Current Debt	749 000	525 000	466 000	65 192 000
Total Equity and Debt	81 487 000	84 425 000	86 893 000	78 588 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 401 000	6 229 000	6 072 000	5 933 000
Other Income	1 462 000	830 000	471 000	317 000
Revenue	7 863 000	7 059 000	6 544 000	6 250 000
Cost of Goods Sold	0	396 000	0	0
Salary Costs	0	0	0	0
Depreciation	3 513 000	3 495 000	3 228 000	3 213 000
Impairment	0	0	0	0
Expenditure	5 110 000	4 349 000	3 785 000	3 746 000
Operating Profit	2 753 000	2 710 000	2 759 000	2 503 000
Financial Income	396 000	376 000	232 000	27 000
Financial Costs	3 082 000	2 269 000	2 484 000	2 995 000
Financial Balance	−2 686 000	−1 893 000	−2 252 000	−2 968 000
Dividends	0	0	0	0
Net Income	24 000	637 000	424 000	−363 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	61 325 000	63 922 000	66 767 000	61 034 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	508 000	988 000	1 346 000	1 705 000
Total Tangible Assets	61 833 000	64 911 000	68 113 000	62 740 000
Total Fiancial Fixed Assets	0	5 262 000	5 112 000	0
Total Fixed Assets	61 833 000	70 173 000	73 225 000	62 740 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 299 000	5 971 000	5 966 000	10 174 000
Total Current Assets	19 655 000	14 253 000	13 668 000	15 849 000
Total Assets	81 487 000	84 425 000	86 893 000	78 588 000
Total Equity	14 045 000	14 021 000	13 384 000	12 960 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	66 693 000	69 880 000	73 044 000	437 000
Creditors	466 000	160 000	297 000	330 000
Unpaid Taxes	0	21 000	0	0
Dividends	0	0	0	0
Other Current Debt	54 000	0	0	0
Total Current Debt	749 000	525 000	466 000	65 192 000
Total Equity and Debt	81 487 000	84 425 000	86 893 000	78 588 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,17 %	4,54 %	3,17 %	−2,8 %
Debt-to-Equity Ratio	4,75	4,98	5,46	0,03
Operating Profit Margin	35,01 %	38,39 %	42,16 %	40,05 %
Current Ratio	26,24	27,15	29,33	0,24
Quick Ratio	26,24	27,15	29,33	0,24
Equity Ratio	0,17	0,17	0,15	0,16
Gross Profit Margin	100 %	94,39 %	100 %	100 %