SOLID FORSIKRING AS

5014 BERGEN

Finances

Share Ownership

Return on Equity

47,04 %

Current Ratio

0,85

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 226 000	3 622 000	971 000	84 000
Net Income	397 000	954 000	287 000	−10 000
Total Assets	1 697 000	2 181 000	548 000	1 234 000
Total Equity	844 000	774 000	320 000	−317 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 226 000	3 622 000	971 000	84 000
Expenditure	3 707 000	2 390 000	707 000	32 000
Operating Profit	519 000	1 233 000	263 000	51 000
Financial Income	1 000	2 000	2 000	0
Financial Costs	1 000	0	47 000	61 000
Financial Balance	0	2 000	−45 000	−61 000
Earnings Before Tax	520 000	1 235 000	218 000	−10 000
Tax	122 000	281 000	−69 000	0
Net Income	397 000	954 000	287 000	−10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 004 000	1 154 000	69 000	1 200 000
Total Current Assets	693 000	1 027 000	479 000	34 000
Total Assets	1 697 000	2 181 000	548 000	1 234 000
Total Retained Equity	284 000	214 000	−240 000	−527 000
Total Equity	844 000	774 000	320 000	−317 000
Total Long-Term Debt	38 000	29 000	0	1 546 000
Total Current Debt	814 000	1 378 000	228 000	5 000
Total Equity and Debt	1 697 000	2 181 000	548 000	1 234 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 226 000	3 622 000	796 000	0
Other Income	0	0	175 000	84 000
Revenue	4 226 000	3 622 000	971 000	84 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 014 000	1 994 000	535 000	0
Depreciation	81 000	26 000	0	0
Impairment	0	0	0	0
Expenditure	3 707 000	2 390 000	707 000	32 000
Operating Profit	519 000	1 233 000	263 000	51 000
Financial Income	1 000	2 000	2 000	0
Financial Costs	1 000	0	47 000	61 000
Financial Balance	0	2 000	−45 000	−61 000
Dividends	0	500 000	0	0
Net Income	397 000	954 000	287 000	−10 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	69 000	0
Real Eastate	0	0	0	1 200 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	673 000	754 000	0	0
Total Tangible Assets	673 000	754 000	0	1 200 000
Total Fiancial Fixed Assets	331 000	400 000	0	0
Total Fixed Assets	1 004 000	1 154 000	69 000	1 200 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	563 000	731 000	326 000	34 000
Total Current Assets	693 000	1 027 000	479 000	34 000
Total Assets	1 697 000	2 181 000	548 000	1 234 000
Total Equity	844 000	774 000	320 000	−317 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	38 000	29 000	0	1 546 000
Creditors	19 000	10 000	8 000	0
Unpaid Taxes	474 000	483 000	164 000	0
Dividends	0	500 000	0	0
Other Current Debt	301 000	203 000	56 000	5 000
Total Current Debt	814 000	1 378 000	228 000	5 000
Total Equity and Debt	1 697 000	2 181 000	548 000	1 234 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,04 %	123,26 %	89,69 %	3,15 %
Debt-to-Equity Ratio	0,05	0,04	0	−4,88
Operating Profit Margin	12,28 %	34,04 %	27,09 %	60,71 %
Current Ratio	0,85	0,75	2,1	6,8
Quick Ratio	0,85	0,75	2,1	6,8
Equity Ratio	0,5	0,35	0,58	−0,26
Gross Profit Margin	100 %	100 %	100 %	100 %