SOLE MARINE SERVICES AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

107,74 %

Current Ratio

1,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 010 000	5 043 000	3 948 000	2 121 000
Net Income	529 000	−536 000	269 000	42 000
Total Assets	1 121 000	1 179 000	1 076 000	708 000
Total Equity	491 000	−38 000	498 000	229 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 010 000	5 043 000	3 948 000	2 121 000
Expenditure	4 456 000	5 781 000	3 576 000	2 102 000
Operating Profit	554 000	−738 000	372 000	19 000
Financial Income	152 000	−1 000	36 000	42 000
Financial Costs	28 000	−52 000	63 000	7 000
Financial Balance	124 000	51 000	−27 000	35 000
Earnings Before Tax	678 000	−687 000	345 000	54 000
Tax	149 000	−151 000	76 000	12 000
Net Income	529 000	−536 000	269 000	42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	158 000	24 000	40 000
Total Current Assets	1 118 000	1 020 000	1 052 000	668 000
Total Assets	1 121 000	1 179 000	1 076 000	708 000
Total Retained Equity	472 000	−57 000	479 000	210 000
Total Equity	491 000	−38 000	498 000	229 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	630 000	1 217 000	578 000	478 000
Total Equity and Debt	1 121 000	1 179 000	1 076 000	708 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 010 000	5 043 000	3 948 000	2 121 000
Other Income	0	0	0	0
Revenue	5 010 000	5 043 000	3 948 000	2 121 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 393 000	4 511 000	2 803 000	1 911 000
Depreciation	7 000	17 000	17 000	10 000
Impairment	0	0	0	0
Expenditure	4 456 000	5 781 000	3 576 000	2 102 000
Operating Profit	554 000	−738 000	372 000	19 000
Financial Income	152 000	−1 000	36 000	42 000
Financial Costs	28 000	−52 000	63 000	7 000
Financial Balance	124 000	51 000	−27 000	35 000
Dividends	0	0	0	0
Net Income	529 000	−536 000	269 000	42 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	151 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	7 000	24 000	40 000
Total Tangible Assets	0	7 000	24 000	40 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 000	158 000	24 000	40 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 062 000	1 013 000	392 000	410 000
Total Current Assets	1 118 000	1 020 000	1 052 000	668 000
Total Assets	1 121 000	1 179 000	1 076 000	708 000
Total Equity	491 000	−38 000	498 000	229 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	75 000	8 000	12 000	78 000
Unpaid Taxes	266 000	813 000	256 000	228 000
Dividends	0	0	0	0
Other Current Debt	289 000	395 000	233 000	161 000
Total Current Debt	630 000	1 217 000	578 000	478 000
Total Equity and Debt	1 121 000	1 179 000	1 076 000	708 000

Financial indicators	2022	2021	2020	2019
Return on Equity	107,74 %	1 410,53 %	54,02 %	18,34 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	11,06 %	−14,63 %	9,42 %	0,9 %
Current Ratio	1,77	0,84	1,82	1,4
Quick Ratio	1,77	0,84	1,82	1,4
Equity Ratio	0,44	−0,03	0,46	0,32
Gross Profit Margin	100 %	100 %	100 %	100 %