SØLVBANKEN AS

2317 HAMAR

Finances

Share Ownership

Return on Equity

13,44 %

Current Ratio

2,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 784 000	16 270 000	11 362 000	6 542 000
Net Income	217 000	712 000	560 000	128 000
Total Assets	2 887 000	2 795 000	2 084 000	1 020 000
Total Equity	1 615 000	1 398 000	687 000	376 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 784 000	16 270 000	11 362 000	6 542 000
Expenditure	14 505 000	15 351 000	10 626 000	6 374 000
Operating Profit	280 000	919 000	737 000	168 000
Financial Income	2 000	0	0	0
Financial Costs	5 000	4 000	16 000	4 000
Financial Balance	−3 000	−4 000	−16 000	−4 000
Earnings Before Tax	277 000	915 000	721 000	165 000
Tax	59 000	203 000	161 000	36 000
Net Income	217 000	712 000	560 000	128 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	37 000	30 000	38 000
Total Current Assets	2 857 000	2 757 000	2 053 000	982 000
Total Assets	2 887 000	2 795 000	2 084 000	1 020 000
Total Retained Equity	1 585 000	1 368 000	657 000	346 000
Total Equity	1 615 000	1 398 000	687 000	376 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 272 000	1 397 000	1 397 000	643 000
Total Equity and Debt	2 887 000	2 795 000	2 084 000	1 020 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 784 000	16 270 000	11 362 000	6 544 000
Other Income	0	0	0	−1 000
Revenue	14 784 000	16 270 000	11 362 000	6 542 000
Cost of Goods Sold	11 070 000	11 671 000	8 176 000	4 460 000
Salary Costs	1 386 000	1 354 000	975 000	446 000
Depreciation	8 000	8 000	8 000	0
Impairment	0	0	0	0
Expenditure	14 505 000	15 351 000	10 626 000	6 374 000
Operating Profit	280 000	919 000	737 000	168 000
Financial Income	2 000	0	0	0
Financial Costs	5 000	4 000	16 000	4 000
Financial Balance	−3 000	−4 000	−16 000	−4 000
Dividends	0	0	250 000	50 000
Net Income	217 000	712 000	560 000	128 000

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	8 000	15 000	23 000
Fixtures	15 000	15 000	0	0
Total Tangible Assets	15 000	23 000	15 000	23 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	30 000	37 000	30 000	38 000
Stock	2 169 000	1 599 000	1 236 000	789 000
Total Investments	0	0	0	0
Cash, Bank	604 000	1 138 000	812 000	186 000
Total Current Assets	2 857 000	2 757 000	2 053 000	982 000
Total Assets	2 887 000	2 795 000	2 084 000	1 020 000
Total Equity	1 615 000	1 398 000	687 000	376 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	352 000	385 000	336 000	89 000
Unpaid Taxes	632 000	462 000	446 000	162 000
Dividends	0	0	250 000	50 000
Other Current Debt	228 000	347 000	204 000	306 000
Total Current Debt	1 272 000	1 397 000	1 397 000	643 000
Total Equity and Debt	2 887 000	2 795 000	2 084 000	1 020 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,44 %	50,93 %	81,51 %	34,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,89 %	5,65 %	6,49 %	2,57 %
Current Ratio	2,25	1,97	1,47	1,53
Quick Ratio	−3,19	−13,65	12,75	−6,73
Equity Ratio	0,56	0,5	0,33	0,37
Gross Profit Margin	25,12 %	28,27 %	28,04 %	31,83 %