SOLAR ENERGY AS

0363 OSLO

Finances

Share Ownership

Return on Equity

68,96 %

Current Ratio

1,27

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020
Revenue	11 721 000	5 614 000	2 570 000
Net Income	2 311 000	751 000	−401 000
Total Assets	16 850 000	3 139 000	1 797 000
Total Equity	3 351 000	1 039 000	289 000

Income (NOK)	2022	2021	2020
Revenue	11 721 000	5 614 000	2 570 000
Expenditure	8 786 000	4 692 000	3 090 000
Operating Profit	2 934 000	922 000	−519 000
Financial Income	46 000	62 000	7 000
Financial Costs	11 000	18 000	2 000
Financial Balance	35 000	44 000	5 000
Earnings Before Tax	2 968 000	966 000	−514 000
Tax	657 000	215 000	−113 000
Net Income	2 311 000	751 000	−401 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	649 000	0	3 000
Total Current Assets	16 200 000	3 139 000	1 794 000
Total Assets	16 850 000	3 139 000	1 797 000
Total Retained Equity	2 661 000	349 000	−401 000
Total Equity	3 351 000	1 039 000	289 000
Total Long-Term Debt	746 000	0	0
Total Current Debt	12 753 000	2 099 000	1 508 000
Total Equity and Debt	16 850 000	3 139 000	1 797 000

Cash flow (NOK)	2022	2021	2020
Sales Income	11 721 000	5 614 000	2 570 000
Other Income	0	0	0
Revenue	11 721 000	5 614 000	2 570 000
Cost of Goods Sold	7 356 000	3 673 000	2 179 000
Salary Costs	209 000	45 000	2 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	8 786 000	4 692 000	3 090 000
Operating Profit	2 934 000	922 000	−519 000
Financial Income	46 000	62 000	7 000
Financial Costs	11 000	18 000	2 000
Financial Balance	35 000	44 000	5 000
Dividends	0	0	0
Net Income	2 311 000	751 000	−401 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	11 000	0	3 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	638 000	0	0
Total Tangible Assets	638 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	649 000	0	3 000
Stock	12 700 000	1 182 000	415 000
Total Investments	0	0	0
Cash, Bank	1 206 000	1 215 000	113 000
Total Current Assets	16 200 000	3 139 000	1 794 000
Total Assets	16 850 000	3 139 000	1 797 000
Total Equity	3 351 000	1 039 000	289 000
Short-Term Group Debt	3 233 000	4 000	0
Total Long-Term Debt	746 000	0	0
Creditors	554 000	280 000	219 000
Unpaid Taxes	90 000	291 000	107 000
Dividends	0	0	0
Other Current Debt	8 208 000	1 312 000	1 182 000
Total Current Debt	12 753 000	2 099 000	1 508 000
Total Equity and Debt	16 850 000	3 139 000	1 797 000

Financial indicators	2022	2021	2020
Return on Equity	68,96 %	72,28 %	−138,75 %
Debt-to-Equity Ratio	0,22	0	0
Operating Profit Margin	25,03 %	16,42 %	−20,19 %
Current Ratio	1,27	1,5	1,19
Quick Ratio	305,66	3,42	1,64
Equity Ratio	0,2	0,33	0,16
Gross Profit Margin	37,24 %	34,57 %	15,21 %