SOLVENNEN AS

1464 FJELLHAMAR

Finances

Share Ownership

Return on Equity

51,46 %

Current Ratio

2,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	267 000	166 000	291 000	120 000
Net Income	53 000	3 000	1 000	16 000
Total Assets	171 000	76 000	115 000	97 000
Total Equity	103 000	50 000	47 000	46 000

Income (NOK)	2022	2021	2020	2019
Revenue	267 000	166 000	291 000	120 000
Expenditure	199 000	162 000	289 000	100 000
Operating Profit	68 000	4 000	2 000	20 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	68 000	4 000	2 000	20 000
Tax	15 000	1 000	0	4 000
Net Income	53 000	3 000	1 000	16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 000	0	0	0
Total Current Assets	154 000	76 000	115 000	97 000
Total Assets	171 000	76 000	115 000	97 000
Total Retained Equity	73 000	20 000	17 000	16 000
Total Equity	103 000	50 000	47 000	46 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	68 000	26 000	68 000	51 000
Total Equity and Debt	171 000	76 000	115 000	97 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	267 000	166 000	291 000	120 000
Other Income	0	0	0	0
Revenue	267 000	166 000	291 000	120 000
Cost of Goods Sold	160 000	53 000	57 000	87 000
Salary Costs	0	102 000	151 000	0
Depreciation	8 000	0	0	0
Impairment	0	0	0	0
Expenditure	199 000	162 000	289 000	100 000
Operating Profit	68 000	4 000	2 000	20 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	53 000	3 000	1 000	16 000

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	18 000	0	0	0
Total Tangible Assets	18 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	154 000	72 000	71 000	23 000
Total Current Assets	154 000	76 000	115 000	97 000
Total Assets	171 000	76 000	115 000	97 000
Total Equity	103 000	50 000	47 000	46 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	42 000
Unpaid Taxes	19 000	15 000	40 000	4 000
Dividends	0	0	0	0
Other Current Debt	34 000	10 000	27 000	0
Total Current Debt	68 000	26 000	68 000	51 000
Total Equity and Debt	171 000	76 000	115 000	97 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,46 %	6 %	2,13 %	34,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	25,47 %	2,41 %	0,69 %	16,67 %
Current Ratio	2,26	2,92	1,69	1,9
Quick Ratio	2,26	2,92	1,69	1,9
Equity Ratio	0,6	0,66	0,41	0,47
Gross Profit Margin	40,07 %	68,07 %	80,41 %	27,5 %