SØLVVEIEN AS

1395 HVALSTAD

Finances

Return on Equity

−59,26 %

Current Ratio

13,31

Debt-to-Equity Ratio

−18,67

Key figures (NOK)	2021	2020	2019	2018
Revenue	58 592 000	6 300 000	0	0
Net Income	1 337 000	−1 467 000	−1 223 000	−942 000
Total Assets	42 823 000	55 871 000	31 509 000	18 480 000
Total Equity	−2 256 000	−3 593 000	−2 126 000	−902 000

Income (NOK)	2021	2020	2019	2018
Revenue	58 592 000	6 300 000	0	0
Expenditure	54 357 000	6 482 000	252 000	660 000
Operating Profit	4 236 000	−182 000	−252 000	−660 000
Financial Income	105 000	0	1 000	1 000
Financial Costs	2 627 000	2 296 000	972 000	283 000
Financial Balance	−2 522 000	−2 296 000	−971 000	−282 000
Earnings Before Tax	1 714 000	−2 477 000	−1 223 000	−942 000
Tax	377 000	−1 010 000	0	0
Net Income	1 337 000	−1 467 000	−1 223 000	−942 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	3 372 000	10 049 000	21 735 000	15 866 000
Total Current Assets	39 452 000	45 823 000	9 774 000	2 613 000
Total Assets	42 823 000	55 871 000	31 509 000	18 480 000
Total Retained Equity	−2 296 000	−3 633 000	−2 166 000	−942 000
Total Equity	−2 256 000	−3 593 000	−2 126 000	−902 000
Total Long-Term Debt	42 114 000	55 103 000	20 121 000	15 000 000
Total Current Debt	2 965 000	4 361 000	13 514 000	4 382 000
Total Equity and Debt	42 823 000	55 871 000	31 509 000	18 480 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	58 490 000	6 300 000	0	0
Other Income	102 000	0	0	0
Revenue	58 592 000	6 300 000	0	0
Cost of Goods Sold	53 798 000	6 034 000	6 000	441 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	54 357 000	6 482 000	252 000	660 000
Operating Profit	4 236 000	−182 000	−252 000	−660 000
Financial Income	105 000	0	1 000	1 000
Financial Costs	2 627 000	2 296 000	972 000	283 000
Financial Balance	−2 522 000	−2 296 000	−971 000	−282 000
Dividends	0	0	0	0
Net Income	1 337 000	−1 467 000	−1 223 000	−942 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	633 000	1 010 000	0	0
Real Eastate	0	6 655 000	0	0
Machinery and Plant Facilities	0	0	20 254 000	15 400 000
Fixtures	0	0	0	0
Total Tangible Assets	0	6 655 000	20 254 000	15 400 000
Total Fiancial Fixed Assets	2 739 000	2 383 000	1 481 000	466 000
Total Fixed Assets	3 372 000	10 049 000	21 735 000	15 866 000
Stock	33 567 000	45 601 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 345 000	130 000	24 000	113 000
Total Current Assets	39 452 000	45 823 000	9 774 000	2 613 000
Total Assets	42 823 000	55 871 000	31 509 000	18 480 000
Total Equity	−2 256 000	−3 593 000	−2 126 000	−902 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	42 114 000	55 103 000	20 121 000	15 000 000
Creditors	492 000	883 000	5 508 000	3 032 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 472 000	3 479 000	5 965 000	1 350 000
Total Current Debt	2 965 000	4 361 000	13 514 000	4 382 000
Total Equity and Debt	42 823 000	55 871 000	31 509 000	18 480 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−59,26 %	40,83 %	57,53 %	104,43 %
Debt-to-Equity Ratio	−18,67	−15,34	−9,46	−16,63
Operating Profit Margin	7,23 %	−2,89 %	-	-
Current Ratio	13,31	10,51	0,72	0,6
Quick Ratio	−1,29	−1,11	0,72	0,6
Equity Ratio	−0,05	−0,06	−0,07	−0,05
Gross Profit Margin	8,18 %	4,22 %	-	-