SOLVANG VESTNES AS

6399 VESTNES

Finances

Share Ownership

Return on Equity

−128,43 %

Current Ratio

1,26

Debt-to-Equity Ratio

−51,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 848 000	2 830 000	1 945 000	3 272 000
Net Income	253 000	−63 000	−407 000	−10 000
Total Assets	10 256 000	10 583 000	11 422 000	11 942 000
Total Equity	−197 000	−451 000	−387 000	20 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 848 000	2 830 000	1 945 000	3 272 000
Expenditure	2 232 000	2 658 000	2 344 000	2 941 000
Operating Profit	617 000	172 000	−399 000	331 000
Financial Income	13 000	0	0	1 000
Financial Costs	304 000	250 000	122 000	398 000
Financial Balance	−291 000	−250 000	−122 000	−397 000
Earnings Before Tax	326 000	−78 000	−520 000	−66 000
Tax	73 000	−15 000	−113 000	−57 000
Net Income	253 000	−63 000	−407 000	−10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 892 000	10 405 000	10 852 000	11 593 000
Total Current Assets	364 000	178 000	570 000	348 000
Total Assets	10 256 000	10 583 000	11 422 000	11 942 000
Total Retained Equity	−227 000	−481 000	−417 000	−10 000
Total Equity	−197 000	−451 000	−387 000	20 000
Total Long-Term Debt	10 163 000	10 642 000	11 541 000	11 542 000
Total Current Debt	290 000	391 000	269 000	380 000
Total Equity and Debt	10 256 000	10 583 000	11 422 000	11 942 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	178 000	0	0	0
Other Income	2 669 000	2 830 000	1 945 000	3 272 000
Revenue	2 848 000	2 830 000	1 945 000	3 272 000
Cost of Goods Sold	208 000	0	0	0
Salary Costs	904 000	1 229 000	794 000	1 126 000
Depreciation	503 000	499 000	785 000	1 030 000
Impairment	0	0	0	0
Expenditure	2 232 000	2 658 000	2 344 000	2 941 000
Operating Profit	617 000	172 000	−399 000	331 000
Financial Income	13 000	0	0	1 000
Financial Costs	304 000	250 000	122 000	398 000
Financial Balance	−291 000	−250 000	−122 000	−397 000
Dividends	0	0	0	0
Net Income	253 000	−63 000	−407 000	−10 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	174 000	184 000	169 000	126 000
Real Eastate	9 576 000	10 066 000	10 513 000	11 283 000
Machinery and Plant Facilities	36 000	48 000	60 000	72 000
Fixtures	5 000	7 000	9 000	13 000
Total Tangible Assets	9 618 000	10 121 000	10 583 000	11 367 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	100 000
Total Fixed Assets	9 892 000	10 405 000	10 852 000	11 593 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	163 000	125 000	165 000	360 000
Total Current Assets	364 000	178 000	570 000	348 000
Total Assets	10 256 000	10 583 000	11 422 000	11 942 000
Total Equity	−197 000	−451 000	−387 000	20 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 163 000	10 642 000	11 541 000	11 542 000
Creditors	27 000	122 000	2 000	135 000
Unpaid Taxes	106 000	131 000	178 000	62 000
Dividends	0	0	0	0
Other Current Debt	108 000	138 000	89 000	114 000
Total Current Debt	290 000	391 000	269 000	380 000
Total Equity and Debt	10 256 000	10 583 000	11 422 000	11 942 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−128,43 %	13,97 %	105,17 %	−50 %
Debt-to-Equity Ratio	−51,59	−23,6	−29,82	577,1
Operating Profit Margin	21,66 %	6,08 %	−20,51 %	10,12 %
Current Ratio	1,26	0,46	2,12	0,92
Quick Ratio	1,26	0,46	2,12	0,92
Equity Ratio	−0,02	−0,04	−0,03	0
Gross Profit Margin	92,7 %	100 %	100 %	100 %