SOLVANG CORPORATE AS

9013 TROMSØ

Finances

Share Ownership

Return on Equity

81,31 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 650 000	2 190 000	2 250 000	1 665 000
Net Income	522 000	735 000	650 000	440 000
Total Assets	1 402 000	1 744 000	1 168 000	1 013 000
Total Equity	642 000	120 000	285 000	35 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 650 000	2 190 000	2 250 000	1 665 000
Expenditure	980 000	1 248 000	1 416 000	1 101 000
Operating Profit	670 000	942 000	834 000	564 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	669 000	942 000	834 000	564 000
Tax	147 000	207 000	184 000	124 000
Net Income	522 000	735 000	650 000	440 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 402 000	1 744 000	1 168 000	1 013 000
Total Assets	1 402 000	1 744 000	1 168 000	1 013 000
Total Retained Equity	617 000	95 000	261 000	10 000
Total Equity	642 000	120 000	285 000	35 000
Total Long-Term Debt	0	0	1 000	1 000
Total Current Debt	760 000	1 624 000	882 000	978 000
Total Equity and Debt	1 402 000	1 744 000	1 168 000	1 013 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 650 000	2 315 000	2 125 000	1 665 000
Other Income	0	−125 000	125 000	0
Revenue	1 650 000	2 190 000	2 250 000	1 665 000
Cost of Goods Sold	120 000	400 000	451 000	14 000
Salary Costs	791 000	770 000	875 000	1 012 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	980 000	1 248 000	1 416 000	1 101 000
Operating Profit	670 000	942 000	834 000	564 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	900 000	400 000	470 000
Net Income	522 000	735 000	650 000	440 000

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	1 117 000	1 601 000	900 000	840 000
Total Current Assets	1 402 000	1 744 000	1 168 000	1 013 000
Total Assets	1 402 000	1 744 000	1 168 000	1 013 000
Total Equity	642 000	120 000	285 000	35 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	1 000
Creditors	8 000	275 000	91 000	12 000
Unpaid Taxes	113 000	163 000	124 000	251 000
Dividends	0	900 000	400 000	470 000
Other Current Debt	492 000	77 000	83 000	122 000
Total Current Debt	760 000	1 624 000	882 000	978 000
Total Equity and Debt	1 402 000	1 744 000	1 168 000	1 013 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,31 %	612,5 %	228,07 %	1 257,14 %
Debt-to-Equity Ratio	0	0	0	0,03
Operating Profit Margin	40,61 %	43,01 %	37,07 %	33,87 %
Current Ratio	1,84	1,07	1,32	1,04
Quick Ratio	1,84	1,07	1,32	1,04
Equity Ratio	0,46	0,07	0,24	0,03
Gross Profit Margin	92,73 %	81,74 %	79,96 %	99,16 %