SOLVANG PUMPETEKNIKK AS

2069 JESSHEIM

Finances

Share Ownership

Return on Equity

−144,19 %

Current Ratio

1,25

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 511 000	2 751 000	5 217 000	3 543 000
Net Income	−372 000	−194 000	−49 000	123 000
Total Assets	1 144 000	1 143 000	2 083 000	1 652 000
Total Equity	258 000	630 000	824 000	947 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 511 000	2 751 000	5 217 000	3 543 000
Expenditure	3 876 000	2 951 000	5 259 000	3 381 000
Operating Profit	−365 000	−200 000	−41 000	162 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	8 000	7 000	8 000	4 000
Financial Balance	−7 000	−6 000	−7 000	−3 000
Earnings Before Tax	−372 000	−206 000	−49 000	159 000
Tax	0	−13 000	0	36 000
Net Income	−372 000	−194 000	−49 000	123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	88 000	121 000	159 000	26 000
Total Current Assets	1 057 000	1 022 000	1 923 000	1 626 000
Total Assets	1 144 000	1 143 000	2 083 000	1 652 000
Total Retained Equity	228 000	600 000	794 000	917 000
Total Equity	258 000	630 000	824 000	947 000
Total Long-Term Debt	38 000	70 000	88 000	0
Total Current Debt	848 000	443 000	1 171 000	705 000
Total Equity and Debt	1 144 000	1 143 000	2 083 000	1 652 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 511 000	2 751 000	5 217 000	3 543 000
Other Income	0	0	0	0
Revenue	3 511 000	2 751 000	5 217 000	3 543 000
Cost of Goods Sold	2 729 000	1 825 000	4 425 000	2 424 000
Salary Costs	623 000	636 000	395 000	405 000
Depreciation	34 000	38 000	25 000	7 000
Impairment	0	0	0	0
Expenditure	3 876 000	2 951 000	5 259 000	3 381 000
Operating Profit	−365 000	−200 000	−41 000	162 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	8 000	7 000	8 000	4 000
Financial Balance	−7 000	−6 000	−7 000	−3 000
Dividends	0	0	75 000	50 000
Net Income	−372 000	−194 000	−49 000	123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	18 000	21 000	23 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	69 000	101 000	136 000	17 000
Total Tangible Assets	88 000	121 000	159 000	17 000
Total Fiancial Fixed Assets	0	0	0	9 000
Total Fixed Assets	88 000	121 000	159 000	26 000
Stock	365 000	508 000	438 000	308 000
Total Investments	0	0	0	0
Cash, Bank	371 000	238 000	1 415 000	804 000
Total Current Assets	1 057 000	1 022 000	1 923 000	1 626 000
Total Assets	1 144 000	1 143 000	2 083 000	1 652 000
Total Equity	258 000	630 000	824 000	947 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	38 000	70 000	88 000	0
Creditors	379 000	157 000	535 000	270 000
Unpaid Taxes	397 000	217 000	515 000	288 000
Dividends	0	0	75 000	50 000
Other Current Debt	72 000	68 000	46 000	60 000
Total Current Debt	848 000	443 000	1 171 000	705 000
Total Equity and Debt	1 144 000	1 143 000	2 083 000	1 652 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−144,19 %	−30,79 %	−5,95 %	12,99 %
Debt-to-Equity Ratio	0,15	0,11	0,11	0
Operating Profit Margin	−10,4 %	−7,27 %	−0,79 %	4,57 %
Current Ratio	1,25	2,31	1,64	2,31
Quick Ratio	2,19	−15,72	2,62	4,1
Equity Ratio	0,23	0,55	0,4	0,57
Gross Profit Margin	22,27 %	33,66 %	15,18 %	31,58 %