SOLUTECH AS

1465 STRØMMEN

Finances

Share Ownership

Return on Equity

30,67 %

Current Ratio

0,66

Debt-to-Equity Ratio

−0,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	99 000	75 000	115 000	40 000
Net Income	−23 000	−48 000	15 000	−44 000
Total Assets	19 000	30 000	80 000	52 000
Total Equity	−75 000	−51 000	−4 000	−19 000

Income (NOK)	2022	2021	2020	2019
Revenue	99 000	75 000	115 000	40 000
Expenditure	115 000	118 000	100 000	84 000
Operating Profit	−15 000	−44 000	16 000	−44 000
Financial Income	0	0	0	0
Financial Costs	8 000	1 000	1 000	0
Financial Balance	−8 000	−1 000	−1 000	0
Earnings Before Tax	−23 000	−44 000	15 000	−44 000
Tax	0	4 000	0	0
Net Income	−23 000	−48 000	15 000	−44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	19 000	30 000	80 000	52 000
Total Assets	19 000	30 000	80 000	52 000
Total Retained Equity	−155 000	−131 000	−84 000	−99 000
Total Equity	−75 000	−51 000	−4 000	−19 000
Total Long-Term Debt	65 000	65 000	65 000	65 000
Total Current Debt	29 000	17 000	19 000	6 000
Total Equity and Debt	19 000	30 000	80 000	52 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	99 000	75 000	115 000	40 000
Other Income	0	0	0	0
Revenue	99 000	75 000	115 000	40 000
Cost of Goods Sold	33 000	60 000	20 000	62 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	115 000	118 000	100 000	84 000
Operating Profit	−15 000	−44 000	16 000	−44 000
Financial Income	0	0	0	0
Financial Costs	8 000	1 000	1 000	0
Financial Balance	−8 000	−1 000	−1 000	0
Dividends	0	0	0	0
Net Income	−23 000	−48 000	15 000	−44 000

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	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	−21 000	9 000	16 000	0
Total Investments	0	0	0	0
Cash, Bank	40 000	21 000	61 000	47 000
Total Current Assets	19 000	30 000	80 000	52 000
Total Assets	19 000	30 000	80 000	52 000
Total Equity	−75 000	−51 000	−4 000	−19 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 000	65 000	65 000	65 000
Creditors	12 000	0	0	0
Unpaid Taxes	13 000	14 000	19 000	6 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	29 000	17 000	19 000	6 000
Total Equity and Debt	19 000	30 000	80 000	52 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,67 %	94,12 %	−375 %	231,58 %
Debt-to-Equity Ratio	−0,87	−1,27	−16,25	−3,42
Operating Profit Margin	−15,15 %	−58,67 %	13,91 %	−110 %
Current Ratio	0,66	1,76	4,21	8,67
Quick Ratio	0,38	3,75	26,67	8,67
Equity Ratio	−3,95	−1,7	−0,05	−0,37
Gross Profit Margin	66,67 %	20 %	82,61 %	−55 %