OLE-HELGE SOLSTAD AS

6958 SØRBØVÅG

Finances

Share Ownership

Return on Equity

30,72 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 252 000	7 548 000	4 679 000	3 233 000
Net Income	149 000	−260 000	180 000	34 000
Total Assets	1 363 000	1 323 000	1 950 000	1 183 000
Total Equity	485 000	336 000	596 000	416 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 252 000	7 548 000	4 679 000	3 233 000
Expenditure	5 105 000	7 807 000	4 448 000	3 192 000
Operating Profit	148 000	−259 000	231 000	40 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	1 000	3 000
Financial Balance	1 000	0	−1 000	−3 000
Earnings Before Tax	149 000	−260 000	230 000	38 000
Tax	0	0	51 000	4 000
Net Income	149 000	−260 000	180 000	34 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	58 000	64 000	54 000	81 000
Total Current Assets	1 305 000	1 259 000	1 896 000	1 102 000
Total Assets	1 363 000	1 323 000	1 950 000	1 183 000
Total Retained Equity	455 000	306 000	566 000	386 000
Total Equity	485 000	336 000	596 000	416 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	878 000	987 000	1 354 000	767 000
Total Equity and Debt	1 363 000	1 323 000	1 950 000	1 183 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 249 000	7 548 000	4 679 000	3 233 000
Other Income	3 000	0	0	0
Revenue	5 252 000	7 548 000	4 679 000	3 233 000
Cost of Goods Sold	3 680 000	6 401 000	2 861 000	1 376 000
Salary Costs	991 000	913 000	1 074 000	1 320 000
Depreciation	7 000	11 000	5 000	6 000
Impairment	0	0	0	0
Expenditure	5 105 000	7 807 000	4 448 000	3 192 000
Operating Profit	148 000	−259 000	231 000	40 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	1 000	3 000
Financial Balance	1 000	0	−1 000	−3 000
Dividends	0	0	0	0
Net Income	149 000	−260 000	180 000	34 000

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	57 000	52 000	20 000	25 000
Total Tangible Assets	57 000	52 000	20 000	25 000
Total Fiancial Fixed Assets	0	12 000	34 000	56 000
Total Fixed Assets	58 000	64 000	54 000	81 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	566 000	751 000	1 591 000	216 000
Total Current Assets	1 305 000	1 259 000	1 896 000	1 102 000
Total Assets	1 363 000	1 323 000	1 950 000	1 183 000
Total Equity	485 000	336 000	596 000	416 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	358 000	568 000	850 000	357 000
Unpaid Taxes	235 000	293 000	376 000	238 000
Dividends	0	0	0	0
Other Current Debt	285 000	127 000	78 000	167 000
Total Current Debt	878 000	987 000	1 354 000	767 000
Total Equity and Debt	1 363 000	1 323 000	1 950 000	1 183 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,72 %	−77,38 %	30,2 %	8,17 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,82 %	−3,43 %	4,94 %	1,24 %
Current Ratio	1,49	1,28	1,4	1,44
Quick Ratio	1,49	1,28	1,4	1,44
Equity Ratio	0,36	0,25	0,31	0,35
Gross Profit Margin	29,93 %	15,2 %	38,85 %	57,44 %