SOLUTEC VVS AS

1366 LYSAKER

Finances

Return on Equity

−44,7 %

Current Ratio

1,67

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 497 000	64 826 000	72 590 000	55 142 000
Net Income	−1 755 000	2 336 000	2 275 000	2 442 000
Total Assets	10 639 000	15 163 000	21 941 000	17 889 000
Total Equity	3 926 000	7 681 000	6 345 000	4 070 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 497 000	64 826 000	72 590 000	55 142 000
Expenditure	42 749 000	61 827 000	68 646 000	51 977 000
Operating Profit	−2 252 000	2 999 000	3 943 000	3 165 000
Financial Income	25 000	11 000	25 000	14 000
Financial Costs	9 000	2 000	820 000	32 000
Financial Balance	16 000	9 000	−795 000	−18 000
Earnings Before Tax	−2 237 000	3 007 000	3 147 000	3 147 000
Tax	−482 000	671 000	872 000	705 000
Net Income	−1 755 000	2 336 000	2 275 000	2 442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	87 000	94 000	169 000	851 000
Total Current Assets	10 552 000	15 069 000	21 772 000	17 037 000
Total Assets	10 639 000	15 163 000	21 941 000	17 889 000
Total Retained Equity	3 896 000	7 651 000	6 315 000	4 040 000
Total Equity	3 926 000	7 681 000	6 345 000	4 070 000
Total Long-Term Debt	406 000	447 000	322 000	1 349 000
Total Current Debt	6 306 000	7 035 000	15 274 000	12 469 000
Total Equity and Debt	10 639 000	15 163 000	21 941 000	17 889 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 497 000	64 826 000	73 844 000	55 142 000
Other Income	0	0	−1 254 000	0
Revenue	40 497 000	64 826 000	72 590 000	55 142 000
Cost of Goods Sold	21 535 000	36 031 000	40 535 000	28 707 000
Salary Costs	15 071 000	18 008 000	20 484 000	17 845 000
Depreciation	32 000	49 000	37 000	28 000
Impairment	0	0	0	0
Expenditure	42 749 000	61 827 000	68 646 000	51 977 000
Operating Profit	−2 252 000	2 999 000	3 943 000	3 165 000
Financial Income	25 000	11 000	25 000	14 000
Financial Costs	9 000	2 000	820 000	32 000
Financial Balance	16 000	9 000	−795 000	−18 000
Dividends	0	0	0	0
Net Income	−1 755 000	2 336 000	2 275 000	2 442 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	35 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	53 000	85 000	133 000	62 000
Total Tangible Assets	53 000	85 000	133 000	62 000
Total Fiancial Fixed Assets	0	9 000	35 000	789 000
Total Fixed Assets	87 000	94 000	169 000	851 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 090 000	7 482 000	10 375 000	4 204 000
Total Current Assets	10 552 000	15 069 000	21 772 000	17 037 000
Total Assets	10 639 000	15 163 000	21 941 000	17 889 000
Total Equity	3 926 000	7 681 000	6 345 000	4 070 000
Short-Term Group Debt	0	0	2 442 000	2 442 000
Total Long-Term Debt	406 000	447 000	322 000	1 349 000
Creditors	2 669 000	2 342 000	5 307 000	4 208 000
Unpaid Taxes	1 188 000	1 539 000	3 240 000	1 988 000
Dividends	0	0	0	0
Other Current Debt	2 449 000	2 608 000	3 185 000	2 786 000
Total Current Debt	6 306 000	7 035 000	15 274 000	12 469 000
Total Equity and Debt	10 639 000	15 163 000	21 941 000	17 889 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,7 %	30,41 %	35,86 %	60 %
Debt-to-Equity Ratio	0,1	0,06	0,05	0,33
Operating Profit Margin	−5,56 %	4,63 %	5,43 %	5,74 %
Current Ratio	1,67	2,14	1,43	1,37
Quick Ratio	1,67	2,14	1,43	1,37
Equity Ratio	0,37	0,51	0,29	0,23
Gross Profit Margin	46,82 %	44,42 %	44,16 %	47,94 %