SOLVETECH AS

3256 LARVIK

Finances

Share Ownership

Return on Equity

66 %

Current Ratio

3,11

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 622 000	2 633 000	2 587 000	2 713 000
Net Income	596 000	646 000	538 000	634 000
Total Assets	1 576 000	880 000	1 683 000	1 126 000
Total Equity	903 000	307 000	1 160 000	622 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 622 000	2 633 000	2 587 000	2 713 000
Expenditure	1 857 000	1 803 000	1 899 000	2 079 000
Operating Profit	765 000	830 000	687 000	634 000
Financial Income	0	0	4 000	0
Financial Costs	1 000	1 000	1 000	1 000
Financial Balance	−1 000	−1 000	3 000	−1 000
Earnings Before Tax	764 000	829 000	690 000	634 000
Tax	168 000	182 000	152 000	0
Net Income	596 000	646 000	538 000	634 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 576 000	880 000	1 683 000	1 126 000
Total Assets	1 576 000	880 000	1 683 000	1 126 000
Total Retained Equity	0	0	0	0
Total Equity	903 000	307 000	1 160 000	622 000
Total Long-Term Debt	168 000	182 000	152 000	139 000
Total Current Debt	506 000	391 000	371 000	365 000
Total Equity and Debt	1 576 000	880 000	1 683 000	1 126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 622 000	2 633 000	2 587 000	2 713 000
Other Income	0	0	0	0
Revenue	2 622 000	2 633 000	2 587 000	2 713 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 597 000	1 597 000	1 587 000	1 597 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 857 000	1 803 000	1 899 000	2 079 000
Operating Profit	765 000	830 000	687 000	634 000
Financial Income	0	0	4 000	0
Financial Costs	1 000	1 000	1 000	1 000
Financial Balance	−1 000	−1 000	3 000	−1 000
Dividends	0	0	0	0
Net Income	596 000	646 000	538 000	634 000

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	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 234 000	577 000	1 427 000	825 000
Total Current Assets	1 576 000	880 000	1 683 000	1 126 000
Total Assets	1 576 000	880 000	1 683 000	1 126 000
Total Equity	903 000	307 000	1 160 000	622 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	168 000	182 000	152 000	139 000
Creditors	0	0	0	0
Unpaid Taxes	374 000	258 000	239 000	233 000
Dividends	0	0	0	0
Other Current Debt	132 000	132 000	132 000	132 000
Total Current Debt	506 000	391 000	371 000	365 000
Total Equity and Debt	1 576 000	880 000	1 683 000	1 126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66 %	210,42 %	46,38 %	101,93 %
Debt-to-Equity Ratio	0,19	0,59	0,13	0,22
Operating Profit Margin	29,18 %	31,52 %	26,56 %	23,37 %
Current Ratio	3,11	2,25	4,54	3,08
Quick Ratio	3,11	2,25	4,54	3,08
Equity Ratio	0,57	0,35	0,69	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %