SOLBAKK & SOLTVEIT EIENDOM AS

5918 FREKHAUG

Finances

Share Ownership

Return on Equity

11,95 %

Current Ratio

3,6

Debt-to-Equity Ratio

2,02

Key figures (NOK)	2021	2020	2019	2018
Revenue	6 384 000	17 857 000	2 888 000	1 414 000
Net Income	392 000	1 792 000	203 000	906 000
Total Assets	12 028 000	13 023 000	8 115 000	5 481 000
Total Equity	3 279 000	2 888 000	1 096 000	893 000

Income (NOK)	2021	2020	2019	2018
Revenue	6 384 000	17 857 000	2 888 000	1 414 000
Expenditure	5 534 000	15 065 000	2 491 000	39 000
Operating Profit	848 000	2 791 000	396 000	1 375 000
Financial Income	0	0	0	0
Financial Costs	340 000	494 000	135 000	199 000
Financial Balance	−340 000	−494 000	−135 000	−199 000
Earnings Before Tax	508 000	2 298 000	261 000	1 176 000
Tax	117 000	506 000	58 000	270 000
Net Income	392 000	1 792 000	203 000	906 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	4 362 000	24 000	27 000	3 106 000
Total Current Assets	7 665 000	12 999 000	8 088 000	2 375 000
Total Assets	12 028 000	13 023 000	8 115 000	5 481 000
Total Retained Equity	3 249 000	2 858 000	1 066 000	863 000
Total Equity	3 279 000	2 888 000	1 096 000	893 000
Total Long-Term Debt	6 622 000	3 431 000	1 860 000	1 802 000
Total Current Debt	2 127 000	6 704 000	5 159 000	2 786 000
Total Equity and Debt	12 028 000	13 023 000	8 115 000	5 481 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	6 384 000	17 857 000	2 888 000	1 414 000
Other Income	0	0	0	0
Revenue	6 384 000	17 857 000	2 888 000	1 414 000
Cost of Goods Sold	5 297 000	14 805 000	2 393 000	0
Salary Costs	81 000	0	0	0
Depreciation	3 000	3 000	3 000	3 000
Impairment	0	0	0	0
Expenditure	5 534 000	15 065 000	2 491 000	39 000
Operating Profit	848 000	2 791 000	396 000	1 375 000
Financial Income	0	0	0	0
Financial Costs	340 000	494 000	135 000	199 000
Financial Balance	−340 000	−494 000	−135 000	−199 000
Dividends	0	0	0	0
Net Income	392 000	1 792 000	203 000	906 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	3 075 000
Machinery and Plant Facilities	20 000	24 000	27 000	31 000
Fixtures	0	0	0	0
Total Tangible Assets	20 000	24 000	27 000	3 106 000
Total Fiancial Fixed Assets	4 342 000	0	0	0
Total Fixed Assets	4 362 000	24 000	27 000	3 106 000
Stock	2 932 000	11 939 000	7 206 000	0
Total Investments	0	0	0	0
Cash, Bank	319 000	380 000	199 000	525 000
Total Current Assets	7 665 000	12 999 000	8 088 000	2 375 000
Total Assets	12 028 000	13 023 000	8 115 000	5 481 000
Total Equity	3 279 000	2 888 000	1 096 000	893 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 622 000	3 431 000	1 860 000	1 802 000
Creditors	25 000	311 000	309 000	−102 000
Unpaid Taxes	14 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 544 000	1 732 000	2 053 000	2 632 000
Total Current Debt	2 127 000	6 704 000	5 159 000	2 786 000
Total Equity and Debt	12 028 000	13 023 000	8 115 000	5 481 000

Financial indicators	2021	2020	2019	2018
Return on Equity	11,95 %	62,05 %	18,52 %	101,46 %
Debt-to-Equity Ratio	2,02	1,19	1,7	2,02
Operating Profit Margin	13,28 %	15,63 %	13,71 %	97,24 %
Current Ratio	3,6	1,94	1,57	0,85
Quick Ratio	−9,52	−2,48	−3,95	0,85
Equity Ratio	0,27	0,22	0,14	0,16
Gross Profit Margin	17,03 %	17,09 %	17,14 %	100 %