SOLUTIONTECH AS

7940 OTTERSØY

Finances

Share Ownership

Return on Equity

103,21 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 941 000	2 667 000	2 302 000	1 640 000
Net Income	322 000	373 000	358 000	253 000
Total Assets	1 169 000	1 033 000	875 000	779 000
Total Equity	312 000	191 000	138 000	104 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 941 000	2 667 000	2 302 000	1 640 000
Expenditure	2 529 000	2 189 000	1 842 000	1 316 000
Operating Profit	412 000	478 000	460 000	324 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	412 000	478 000	459 000	325 000
Tax	91 000	105 000	101 000	71 000
Net Income	322 000	373 000	358 000	253 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	217 000	61 000	359 000	119 000
Total Current Assets	952 000	972 000	516 000	661 000
Total Assets	1 169 000	1 033 000	875 000	779 000
Total Retained Equity	282 000	161 000	108 000	74 000
Total Equity	312 000	191 000	138 000	104 000
Total Long-Term Debt	4 000	0	0	0
Total Current Debt	852 000	843 000	737 000	675 000
Total Equity and Debt	1 169 000	1 033 000	875 000	779 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 941 000	2 667 000	2 302 000	1 640 000
Other Income	0	0	0	0
Revenue	2 941 000	2 667 000	2 302 000	1 640 000
Cost of Goods Sold	651 000	629 000	447 000	7 000
Salary Costs	1 451 000	1 291 000	1 049 000	990 000
Depreciation	26 000	11 000	11 000	11 000
Impairment	0	0	0	0
Expenditure	2 529 000	2 189 000	1 842 000	1 316 000
Operating Profit	412 000	478 000	460 000	324 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	200 000	320 000	325 000	375 000
Net Income	322 000	373 000	358 000	253 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	18 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	4 000	8 000	12 000	16 000
Fixtures	213 000	14 000	21 000	28 000
Total Tangible Assets	217 000	23 000	34 000	45 000
Total Fiancial Fixed Assets	0	20 000	325 000	74 000
Total Fixed Assets	217 000	61 000	359 000	119 000
Stock	30 000	23 000	22 000	0
Total Investments	0	0	0	0
Cash, Bank	757 000	873 000	475 000	658 000
Total Current Assets	952 000	972 000	516 000	661 000
Total Assets	1 169 000	1 033 000	875 000	779 000
Total Equity	312 000	191 000	138 000	104 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	0	0	0
Creditors	205 000	29 000	68 000	1 000
Unpaid Taxes	239 000	241 000	126 000	133 000
Dividends	200 000	320 000	325 000	375 000
Other Current Debt	139 000	129 000	117 000	95 000
Total Current Debt	852 000	843 000	737 000	675 000
Total Equity and Debt	1 169 000	1 033 000	875 000	779 000

Financial indicators	2022	2021	2020	2019
Return on Equity	103,21 %	195,29 %	259,42 %	243,27 %
Debt-to-Equity Ratio	0,01	0	0	0
Operating Profit Margin	14,01 %	17,92 %	19,98 %	19,76 %
Current Ratio	1,12	1,15	0,7	0,98
Quick Ratio	1,16	1,19	0,72	0,98
Equity Ratio	0,27	0,18	0,16	0,13
Gross Profit Margin	77,86 %	76,42 %	80,58 %	99,57 %