FRODE SOLHEIM TRANSPORT AS

7236 HOVIN I GAULDAL

Finances

Share Ownership

Return on Equity

38,19 %

Current Ratio

1,55

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 292 000	2 428 000	1 979 000	951 000
Net Income	202 000	114 000	163 000	70 000
Total Assets	1 057 000	1 095 000	1 042 000	287 000
Total Equity	529 000	327 000	263 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 292 000	2 428 000	1 979 000	951 000
Expenditure	3 015 000	2 255 000	1 761 000	861 000
Operating Profit	278 000	173 000	218 000	90 000
Financial Income	0	0	0	0
Financial Costs	19 000	27 000	9 000	0
Financial Balance	−19 000	−27 000	−9 000	0
Earnings Before Tax	259 000	146 000	209 000	90 000
Tax	57 000	32 000	46 000	20 000
Net Income	202 000	114 000	163 000	70 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	413 000	638 000	645 000	0
Total Current Assets	645 000	457 000	396 000	287 000
Total Assets	1 057 000	1 095 000	1 042 000	287 000
Total Retained Equity	499 000	297 000	233 000	70 000
Total Equity	529 000	327 000	263 000	100 000
Total Long-Term Debt	114 000	518 000	589 000	0
Total Current Debt	415 000	250 000	190 000	187 000
Total Equity and Debt	1 057 000	1 095 000	1 042 000	287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 357 000	2 176 000	1 979 000	951 000
Other Income	935 000	252 000	0	0
Revenue	3 292 000	2 428 000	1 979 000	951 000
Cost of Goods Sold	3 000	1 000	6 000	0
Salary Costs	1 414 000	987 000	661 000	318 000
Depreciation	25 000	136 000	59 000	0
Impairment	0	0	0	0
Expenditure	3 015 000	2 255 000	1 761 000	861 000
Operating Profit	278 000	173 000	218 000	90 000
Financial Income	0	0	0	0
Financial Costs	19 000	27 000	9 000	0
Financial Balance	−19 000	−27 000	−9 000	0
Dividends	0	50 000	0	0
Net Income	202 000	114 000	163 000	70 000

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	413 000	443 000	645 000	0
Total Tangible Assets	413 000	443 000	645 000	0
Total Fiancial Fixed Assets	0	195 000	0	0
Total Fixed Assets	413 000	638 000	645 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	567 000	272 000	250 000	119 000
Total Current Assets	645 000	457 000	396 000	287 000
Total Assets	1 057 000	1 095 000	1 042 000	287 000
Total Equity	529 000	327 000	263 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	114 000	518 000	589 000	0
Creditors	56 000	26 000	31 000	62 000
Unpaid Taxes	248 000	98 000	101 000	81 000
Dividends	0	50 000	0	0
Other Current Debt	111 000	76 000	37 000	24 000
Total Current Debt	415 000	250 000	190 000	187 000
Total Equity and Debt	1 057 000	1 095 000	1 042 000	287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,19 %	34,86 %	61,98 %	70 %
Debt-to-Equity Ratio	0,22	1,58	2,24	0
Operating Profit Margin	8,44 %	7,13 %	11,02 %	9,46 %
Current Ratio	1,55	1,83	2,08	1,53
Quick Ratio	1,55	1,83	2,08	1,53
Equity Ratio	0,5	0,3	0,25	0,35
Gross Profit Margin	99,91 %	99,96 %	99,7 %	100 %