SOLVO-TECH AS

1359 EIKSMARKA

Finances

Share Ownership

Return on Equity

172,02 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 286 000	6 443 000	5 624 000	3 995 000
Net Income	793 000	611 000	530 000	202 000
Total Assets	3 089 000	2 623 000	2 113 000	1 623 000
Total Equity	461 000	868 000	757 000	226 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 286 000	6 443 000	5 624 000	3 995 000
Expenditure	6 303 000	5 653 000	4 946 000	3 761 000
Operating Profit	984 000	789 000	678 000	236 000
Financial Income	84 000	29 000	41 000	31 000
Financial Costs	48 000	33 000	39 000	9 000
Financial Balance	36 000	−4 000	2 000	22 000
Earnings Before Tax	1 020 000	785 000	680 000	257 000
Tax	227 000	174 000	150 000	55 000
Net Income	793 000	611 000	530 000	202 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	10 000	13 000
Total Current Assets	3 089 000	2 623 000	2 103 000	1 611 000
Total Assets	3 089 000	2 623 000	2 113 000	1 623 000
Total Retained Equity	431 000	838 000	727 000	202 000
Total Equity	461 000	868 000	757 000	226 000
Total Long-Term Debt	400 000	404 000	705 000	802 000
Total Current Debt	2 228 000	1 351 000	651 000	595 000
Total Equity and Debt	3 089 000	2 623 000	2 113 000	1 623 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 286 000	6 443 000	5 607 000	3 995 000
Other Income	0	0	17 000	0
Revenue	7 286 000	6 443 000	5 624 000	3 995 000
Cost of Goods Sold	3 905 000	3 568 000	3 290 000	2 434 000
Salary Costs	1 875 000	1 668 000	1 267 000	1 045 000
Depreciation	0	10 000	3 000	3 000
Impairment	0	0	0	0
Expenditure	6 303 000	5 653 000	4 946 000	3 761 000
Operating Profit	984 000	789 000	678 000	236 000
Financial Income	84 000	29 000	41 000	31 000
Financial Costs	48 000	33 000	39 000	9 000
Financial Balance	36 000	−4 000	2 000	22 000
Dividends	1 200 000	0	0	0
Net Income	793 000	611 000	530 000	202 000

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	10 000	13 000
Total Tangible Assets	0	0	10 000	13 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	10 000	13 000
Stock	775 000	648 000	332 000	290 000
Total Investments	0	0	0	0
Cash, Bank	1 611 000	1 049 000	1 111 000	888 000
Total Current Assets	3 089 000	2 623 000	2 103 000	1 611 000
Total Assets	3 089 000	2 623 000	2 113 000	1 623 000
Total Equity	461 000	868 000	757 000	226 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	400 000	404 000	705 000	802 000
Creditors	200 000	75 000	35 000	131 000
Unpaid Taxes	429 000	441 000	342 000	314 000
Dividends	1 200 000	0	0	0
Other Current Debt	1 368 000	660 000	128 000	96 000
Total Current Debt	2 228 000	1 351 000	651 000	595 000
Total Equity and Debt	3 089 000	2 623 000	2 113 000	1 623 000

Financial indicators	2022	2021	2020	2019
Return on Equity	172,02 %	70,39 %	70,01 %	89,38 %
Debt-to-Equity Ratio	0,87	0,47	0,93	3,55
Operating Profit Margin	13,51 %	12,25 %	12,06 %	5,91 %
Current Ratio	1,39	1,94	3,23	2,71
Quick Ratio	2,13	3,73	6,59	5,28
Equity Ratio	0,15	0,33	0,36	0,14
Gross Profit Margin	46,4 %	44,62 %	41,5 %	39,07 %