SOLHEISEN AS

3560 HEMSEDAL

Finances

Share Ownership

Return on Equity

77,05 %

Current Ratio

0,27

Debt-to-Equity Ratio

−2,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 731 000	6 165 000	2 562 000	1 222 000
Net Income	−4 293 000	−498 000	−1 078 000	−2 232 000
Total Assets	12 886 000	10 338 000	4 914 000	2 645 000
Total Equity	−5 572 000	−1 280 000	−1 090 000	−278 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 731 000	6 165 000	2 562 000	1 222 000
Expenditure	8 950 000	6 905 000	3 957 000	4 096 000
Operating Profit	−4 219 000	−739 000	−1 395 000	−2 875 000
Financial Income	21 000	154 000	21 000	15 000
Financial Costs	94 000	53 000	3 000	1 000
Financial Balance	−73 000	101 000	18 000	14 000
Earnings Before Tax	−4 293 000	−638 000	−1 377 000	−2 861 000
Tax	0	−140 000	−299 000	−629 000
Net Income	−4 293 000	−498 000	−1 078 000	−2 232 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 480 000	7 612 000	1 601 000	1 155 000
Total Current Assets	1 406 000	2 726 000	3 313 000	1 491 000
Total Assets	12 886 000	10 338 000	4 914 000	2 645 000
Total Retained Equity	−10 052 000	−5 759 000	−5 261 000	−4 183 000
Total Equity	−5 572 000	−1 280 000	−1 090 000	−278 000
Total Long-Term Debt	13 295 000	7 560 000	0	73 000
Total Current Debt	5 163 000	4 058 000	6 004 000	2 850 000
Total Equity and Debt	12 886 000	10 338 000	4 914 000	2 645 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 667 000	5 689 000	2 449 000	1 169 000
Other Income	65 000	476 000	113 000	53 000
Revenue	4 731 000	6 165 000	2 562 000	1 222 000
Cost of Goods Sold	1 711 000	1 342 000	767 000	1 048 000
Salary Costs	2 288 000	2 219 000	1 244 000	1 433 000
Depreciation	1 171 000	716 000	276 000	215 000
Impairment	0	0	0	0
Expenditure	8 950 000	6 905 000	3 957 000	4 096 000
Operating Profit	−4 219 000	−739 000	−1 395 000	−2 875 000
Financial Income	21 000	154 000	21 000	15 000
Financial Costs	94 000	53 000	3 000	1 000
Financial Balance	−73 000	101 000	18 000	14 000
Dividends	0	0	0	0
Net Income	−4 293 000	−498 000	−1 078 000	−2 232 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	204 000	204 000	150 000	0
Real Eastate	25 000	0	0	0
Machinery and Plant Facilities	0	0	3 000	4 000
Fixtures	11 251 000	7 408 000	1 444 000	1 150 000
Total Tangible Assets	11 276 000	7 408 000	1 447 000	1 155 000
Total Fiancial Fixed Assets	0	0	4 000	0
Total Fixed Assets	11 480 000	7 612 000	1 601 000	1 155 000
Stock	89 000	42 000	0	0
Total Investments	0	0	0	0
Cash, Bank	303 000	1 216 000	1 879 000	902 000
Total Current Assets	1 406 000	2 726 000	3 313 000	1 491 000
Total Assets	12 886 000	10 338 000	4 914 000	2 645 000
Total Equity	−5 572 000	−1 280 000	−1 090 000	−278 000
Short-Term Group Debt	0	281 000	2 317 000	347 000
Total Long-Term Debt	13 295 000	7 560 000	0	73 000
Creditors	1 062 000	534 000	312 000	778 000
Unpaid Taxes	119 000	205 000	145 000	57 000
Dividends	0	0	0	0
Other Current Debt	3 983 000	3 038 000	3 230 000	1 668 000
Total Current Debt	5 163 000	4 058 000	6 004 000	2 850 000
Total Equity and Debt	12 886 000	10 338 000	4 914 000	2 645 000

Financial indicators	2022	2021	2020	2019
Return on Equity	77,05 %	38,91 %	98,9 %	802,88 %
Debt-to-Equity Ratio	−2,39	−5,91	−0	−0,26
Operating Profit Margin	−89,18 %	−11,99 %	−54,45 %	−235,27 %
Current Ratio	0,27	0,67	0,55	0,52
Quick Ratio	0,28	0,68	0,55	0,52
Equity Ratio	−0,43	−0,12	−0,22	−0,11
Gross Profit Margin	63,83 %	78,23 %	70,06 %	14,24 %