SOLVANG MARINE AS

6152 ØRSTA

Finances

Share Ownership

Return on Equity

−27,56 %

Current Ratio

0,81

Debt-to-Equity Ratio

1,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 803 000	2 295 000	1 145 000	951 000
Net Income	−35 000	63 000	−16 000	43 000
Total Assets	1 761 000	1 328 000	544 000	602 000
Total Equity	127 000	162 000	104 000	131 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 803 000	2 295 000	1 145 000	951 000
Expenditure	4 965 000	2 201 000	1 140 000	905 000
Operating Profit	−162 000	94 000	5 000	46 000
Financial Income	151 000	2 000	1 000	1 000
Financial Costs	34 000	26 000	22 000	4 000
Financial Balance	117 000	−24 000	−21 000	−3 000
Earnings Before Tax	−44 000	69 000	−16 000	43 000
Tax	−10 000	7 000	0	0
Net Income	−35 000	63 000	−16 000	43 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	564 000	466 000	268 000	346 000
Total Current Assets	1 197 000	862 000	276 000	256 000
Total Assets	1 761 000	1 328 000	544 000	602 000
Total Retained Equity	39 000	74 000	16 000	43 000
Total Equity	127 000	162 000	104 000	131 000
Total Long-Term Debt	156 000	196 000	1 000	120 000
Total Current Debt	1 478 000	970 000	439 000	351 000
Total Equity and Debt	1 761 000	1 328 000	544 000	602 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 768 000	2 295 000	1 145 000	951 000
Other Income	35 000	0	0	0
Revenue	4 803 000	2 295 000	1 145 000	951 000
Cost of Goods Sold	2 611 000	1 048 000	495 000	672 000
Salary Costs	1 831 000	740 000	374 000	18 000
Depreciation	116 000	114 000	119 000	81 000
Impairment	0	0	0	0
Expenditure	4 965 000	2 201 000	1 140 000	905 000
Operating Profit	−162 000	94 000	5 000	46 000
Financial Income	151 000	2 000	1 000	1 000
Financial Costs	34 000	26 000	22 000	4 000
Financial Balance	117 000	−24 000	−21 000	−3 000
Dividends	0	0	0	0
Net Income	−35 000	63 000	−16 000	43 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	12 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	38 000	78 000	118 000
Fixtures	442 000	299 000	45 000	44 000
Total Tangible Assets	542 000	453 000	268 000	346 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	564 000	466 000	268 000	346 000
Stock	338 000	254 000	87 000	95 000
Total Investments	0	0	0	0
Cash, Bank	95 000	99 000	14 000	0
Total Current Assets	1 197 000	862 000	276 000	256 000
Total Assets	1 761 000	1 328 000	544 000	602 000
Total Equity	127 000	162 000	104 000	131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	156 000	196 000	1 000	120 000
Creditors	405 000	409 000	38 000	97 000
Unpaid Taxes	295 000	174 000	106 000	4 000
Dividends	0	0	0	0
Other Current Debt	286 000	109 000	54 000	5 000
Total Current Debt	1 478 000	970 000	439 000	351 000
Total Equity and Debt	1 761 000	1 328 000	544 000	602 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,56 %	38,89 %	−15,38 %	32,82 %
Debt-to-Equity Ratio	1,23	1,21	0,01	0,92
Operating Profit Margin	−3,37 %	4,1 %	0,44 %	4,84 %
Current Ratio	0,81	0,89	0,63	0,73
Quick Ratio	1,05	1,2	0,78	1
Equity Ratio	0,07	0,12	0,19	0,22
Gross Profit Margin	45,64 %	54,34 %	56,77 %	29,34 %