SOMMERSETH DESIGN AS

1448 DRØBAK

Finances

Share Ownership

Return on Equity

20,27 %

Current Ratio

1,37

Debt-to-Equity Ratio

5,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 341 000	2 151 000	1 702 000	1 444 000
Net Income	15 000	−14 000	137 000	81 000
Total Assets	748 000	908 000	442 000	225 000
Total Equity	74 000	60 000	74 000	36 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 341 000	2 151 000	1 702 000	1 444 000
Expenditure	2 319 000	2 161 000	1 550 000	1 363 000
Operating Profit	22 000	−10 000	152 000	81 000
Financial Income	0	0	1 000	0
Financial Costs	5 000	4 000	0	1 000
Financial Balance	−5 000	−4 000	1 000	−1 000
Earnings Before Tax	18 000	−14 000	153 000	81 000
Tax	3 000	0	16 000	0
Net Income	15 000	−14 000	137 000	81 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	397 000	470 000	0	0
Total Current Assets	351 000	438 000	442 000	225 000
Total Assets	748 000	908 000	442 000	225 000
Total Retained Equity	44 000	30 000	44 000	6 000
Total Equity	74 000	60 000	74 000	36 000
Total Long-Term Debt	417 000	483 000	0	0
Total Current Debt	257 000	366 000	368 000	188 000
Total Equity and Debt	748 000	908 000	442 000	225 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 341 000	2 151 000	1 702 000	1 436 000
Other Income	0	0	0	8 000
Revenue	2 341 000	2 151 000	1 702 000	1 444 000
Cost of Goods Sold	201 000	259 000	237 000	119 000
Salary Costs	1 594 000	1 538 000	992 000	978 000
Depreciation	73 000	43 000	0	0
Impairment	0	0	0	0
Expenditure	2 319 000	2 161 000	1 550 000	1 363 000
Operating Profit	22 000	−10 000	152 000	81 000
Financial Income	0	0	1 000	0
Financial Costs	5 000	4 000	0	1 000
Financial Balance	−5 000	−4 000	1 000	−1 000
Dividends	0	0	100 000	0
Net Income	15 000	−14 000	137 000	81 000

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	397 000	470 000	0	0
Total Tangible Assets	397 000	470 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	397 000	470 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	222 000	405 000	303 000	185 000
Total Current Assets	351 000	438 000	442 000	225 000
Total Assets	748 000	908 000	442 000	225 000
Total Equity	74 000	60 000	74 000	36 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	417 000	483 000	0	0
Creditors	26 000	18 000	15 000	10 000
Unpaid Taxes	163 000	230 000	166 000	103 000
Dividends	0	0	100 000	0
Other Current Debt	67 000	119 000	71 000	75 000
Total Current Debt	257 000	366 000	368 000	188 000
Total Equity and Debt	748 000	908 000	442 000	225 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,27 %	−23,33 %	185,14 %	225 %
Debt-to-Equity Ratio	5,64	8,05	0	0
Operating Profit Margin	0,94 %	−0,46 %	8,93 %	5,61 %
Current Ratio	1,37	1,2	1,2	1,2
Quick Ratio	1,37	1,2	1,2	1,2
Equity Ratio	0,1	0,07	0,17	0,16
Gross Profit Margin	91,41 %	87,96 %	86,08 %	91,76 %