SOLBERG MOTOR AS

2072 DAL

Finances

Share Ownership

Return on Equity

97,22 %

Current Ratio

4,82

Debt-to-Equity Ratio

−36,56

Key figures (NOK)	2021	2020	2019
Revenue	7 877 000	6 860 000	964 000
Net Income	−70 000	−331 000	−165 000
Total Assets	3 160 000	3 605 000	1 049 000
Total Equity	−72 000	−2 000	328 000

Income (NOK)	2021	2020	2019
Revenue	7 877 000	6 860 000	964 000
Expenditure	7 801 000	7 144 000	1 168 000
Operating Profit	75 000	−284 000	−204 000
Financial Income	3 000	0	0
Financial Costs	167 000	140 000	10 000
Financial Balance	−164 000	−140 000	−10 000
Earnings Before Tax	−89 000	−424 000	−213 000
Tax	−19 000	−93 000	−48 000
Net Income	−70 000	−331 000	−165 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	265 000	351 000	48 000
Total Current Assets	2 894 000	3 254 000	1 000 000
Total Assets	3 160 000	3 605 000	1 049 000
Total Retained Equity	−566 000	−495 000	−165 000
Total Equity	−72 000	−2 000	328 000
Total Long-Term Debt	2 632 000	3 538 000	242 000
Total Current Debt	600 000	69 000	478 000
Total Equity and Debt	3 160 000	3 605 000	1 049 000

Cash flow (NOK)	2021	2020	2019
Sales Income	7 693 000	6 684 000	964 000
Other Income	184 000	176 000	1 000
Revenue	7 877 000	6 860 000	964 000
Cost of Goods Sold	7 050 000	6 228 000	854 000
Salary Costs	39 000	129 000	281 000
Depreciation	104 000	104 000	0
Impairment	0	0	0
Expenditure	7 801 000	7 144 000	1 168 000
Operating Profit	75 000	−284 000	−204 000
Financial Income	3 000	0	0
Financial Costs	167 000	140 000	10 000
Financial Balance	−164 000	−140 000	−10 000
Dividends	0	0	0
Net Income	−70 000	−331 000	−165 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	160 000	141 000	48 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	15 000	0
Fixtures	105 000	195 000	0
Total Tangible Assets	105 000	210 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	265 000	351 000	48 000
Stock	2 750 000	3 224 000	565 000
Total Investments	0	0	0
Cash, Bank	55 000	4 000	312 000
Total Current Assets	2 894 000	3 254 000	1 000 000
Total Assets	3 160 000	3 605 000	1 049 000
Total Equity	−72 000	−2 000	328 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 632 000	3 538 000	242 000
Creditors	117 000	62 000	421 000
Unpaid Taxes	0	1 000	26 000
Dividends	0	0	0
Other Current Debt	483 000	6 000	31 000
Total Current Debt	600 000	69 000	478 000
Total Equity and Debt	3 160 000	3 605 000	1 049 000

Financial indicators	2021	2020	2019
Return on Equity	97,22 %	16 550 %	−50,3 %
Debt-to-Equity Ratio	−36,56	−1 769	0,74
Operating Profit Margin	0,95 %	−4,14 %	−21,16 %
Current Ratio	4,82	47,16	2,09
Quick Ratio	−1,35	−1,03	−11,49
Equity Ratio	−0,02	−0	0,31
Gross Profit Margin	10,5 %	9,21 %	11,41 %