SOLAR TECHNOLOGIES SCANDINAVIA AS

1470 LØRENSKOG

Finances

Share Ownership

Return on Equity

99,68 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	118 356 000	42 212 000	23 692 000	23 447 000
Net Income	12 508 000	2 373 000	1 246 000	1 616 000
Total Assets	34 328 000	9 623 000	9 233 000	6 597 000
Total Equity	12 548 000	1 991 000	1 418 000	1 672 000

Income (NOK)	2022	2021	2020	2019
Revenue	118 356 000	42 212 000	23 692 000	23 447 000
Expenditure	99 059 000	38 875 000	22 152 000	21 266 000
Operating Profit	19 297 000	3 337 000	1 541 000	2 181 000
Financial Income	579 000	321 000	430 000	76 000
Financial Costs	3 810 000	605 000	364 000	178 000
Financial Balance	−3 231 000	−284 000	66 000	−102 000
Earnings Before Tax	16 066 000	3 053 000	1 606 000	2 079 000
Tax	3 558 000	680 000	360 000	463 000
Net Income	12 508 000	2 373 000	1 246 000	1 616 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	662 000	142 000	197 000	48 000
Total Current Assets	33 667 000	9 481 000	9 035 000	6 548 000
Total Assets	34 328 000	9 623 000	9 233 000	6 597 000
Total Retained Equity	12 518 000	1 961 000	1 388 000	1 642 000
Total Equity	12 548 000	1 991 000	1 418 000	1 672 000
Total Long-Term Debt	17 000	1 451 000	1 773 000	1 839 000
Total Current Debt	21 763 000	6 181 000	6 042 000	3 085 000
Total Equity and Debt	34 328 000	9 623 000	9 233 000	6 597 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	118 356 000	42 133 000	23 619 000	23 447 000
Other Income	0	79 000	73 000	0
Revenue	118 356 000	42 212 000	23 692 000	23 447 000
Cost of Goods Sold	88 264 000	32 659 000	16 926 000	16 669 000
Salary Costs	7 061 000	4 211 000	3 715 000	3 017 000
Depreciation	34 000	19 000	21 000	12 000
Impairment	0	0	0	0
Expenditure	99 059 000	38 875 000	22 152 000	21 266 000
Operating Profit	19 297 000	3 337 000	1 541 000	2 181 000
Financial Income	579 000	321 000	430 000	76 000
Financial Costs	3 810 000	605 000	364 000	178 000
Financial Balance	−3 231 000	−284 000	66 000	−102 000
Dividends	1 950 000	1 800 000	0	0
Net Income	12 508 000	2 373 000	1 246 000	1 616 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	431 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	231 000	141 000	161 000	48 000
Total Tangible Assets	231 000	141 000	161 000	48 000
Total Fiancial Fixed Assets	0	0	37 000	0
Total Fixed Assets	662 000	142 000	197 000	48 000
Stock	12 428 000	2 655 000	2 800 000	2 635 000
Total Investments	0	0	0	0
Cash, Bank	7 272 000	889 000	626 000	1 185 000
Total Current Assets	33 667 000	9 481 000	9 035 000	6 548 000
Total Assets	34 328 000	9 623 000	9 233 000	6 597 000
Total Equity	12 548 000	1 991 000	1 418 000	1 672 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 000	1 451 000	1 773 000	1 839 000
Creditors	4 553 000	1 139 000	4 514 000	1 433 000
Unpaid Taxes	7 187 000	3 933 000	755 000	595 000
Dividends	1 950 000	1 800 000	0	0
Other Current Debt	6 471 000	427 000	412 000	596 000
Total Current Debt	21 763 000	6 181 000	6 042 000	3 085 000
Total Equity and Debt	34 328 000	9 623 000	9 233 000	6 597 000

Financial indicators	2022	2021	2020	2019
Return on Equity	99,68 %	119,19 %	87,87 %	96,65 %
Debt-to-Equity Ratio	0	0,73	1,25	1,1
Operating Profit Margin	16,3 %	7,91 %	6,5 %	9,3 %
Current Ratio	1,55	1,53	1,5	2,12
Quick Ratio	3,61	2,69	2,79	14,55
Equity Ratio	0,37	0,21	0,15	0,25
Gross Profit Margin	25,42 %	22,63 %	28,56 %	28,91 %