SOLSETH UTVIKLING AS

9107 KVALØYA

Finances

Return on Equity

−0 %

Current Ratio

0,2

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	36 000	5 000	0	20 000
Net Income	0	−23 000	−21 000	−28 000
Total Assets	245 000	245 000	268 000	289 000
Total Equity	−11 000	−11 000	12 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	36 000	5 000	0	20 000
Expenditure	36 000	27 000	21 000	48 000
Operating Profit	0	−22 000	−21 000	−28 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Earnings Before Tax	0	−23 000	−21 000	−28 000
Tax	0	0	0	0
Net Income	0	−23 000	−21 000	−28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	193 000	210 000	210 000	180 000
Total Current Assets	52 000	35 000	58 000	109 000
Total Assets	245 000	245 000	268 000	289 000
Total Retained Equity	−41 000	−41 000	−18 000	3 000
Total Equity	−11 000	−11 000	12 000	33 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	256 000	256 000	256 000	256 000
Total Equity and Debt	245 000	245 000	268 000	289 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	36 000	5 000	0	20 000
Other Income	0	0	0	0
Revenue	36 000	5 000	0	20 000
Cost of Goods Sold	0	0	0	12 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	36 000	27 000	21 000	48 000
Operating Profit	0	−22 000	−21 000	−28 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Dividends	0	0	0	0
Net Income	0	−23 000	−21 000	−28 000

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	193 000	210 000	210 000	180 000
Total Fixed Assets	193 000	210 000	210 000	180 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	31 000	52 000	102 000
Total Current Assets	52 000	35 000	58 000	109 000
Total Assets	245 000	245 000	268 000	289 000
Total Equity	−11 000	−11 000	12 000	33 000
Short-Term Group Debt	0	3 000	3 000	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	0	0	3 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	253 000	253 000	253 000	253 000
Total Current Debt	256 000	256 000	256 000	256 000
Total Equity and Debt	245 000	245 000	268 000	289 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0 %	209,09 %	−175 %	−84,85 %
Debt-to-Equity Ratio	−0	−0	0	0
Operating Profit Margin	0 %	−440 %	-	−140 %
Current Ratio	0,2	0,14	0,23	0,43
Quick Ratio	0,2	0,14	0,23	0,43
Equity Ratio	−0,04	−0,04	0,04	0,11
Gross Profit Margin	100 %	100 %	-	40 %