SOLLEN AS

6055 GODØYA

Finances

Share Ownership

Return on Equity

32,96 %

Current Ratio

4,18

Debt-to-Equity Ratio

−2,43

Key figures (NOK)	2022	2021	2020
Revenue	100 000	402 000	74 000
Net Income	−495 000	−619 000	−489 000
Total Assets	2 194 000	2 614 000	2 748 000
Total Equity	−1 502 000	−1 007 000	−389 000

Income (NOK)	2022	2021	2020
Revenue	100 000	402 000	74 000
Expenditure	493 000	953 000	494 000
Operating Profit	−393 000	−551 000	−420 000
Financial Income	2 000	0	0
Financial Costs	103 000	68 000	68 000
Financial Balance	−101 000	−68 000	−68 000
Earnings Before Tax	−495 000	−619 000	−489 000
Tax	0	0	0
Net Income	−495 000	−619 000	−489 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 027 000	2 299 000	2 531 000
Total Current Assets	167 000	315 000	217 000
Total Assets	2 194 000	2 614 000	2 748 000
Total Retained Equity	−1 602 000	−1 107 000	−489 000
Total Equity	−1 502 000	−1 007 000	−389 000
Total Long-Term Debt	3 656 000	3 621 000	3 779 000
Total Current Debt	40 000	−1 000	−643 000
Total Equity and Debt	2 194 000	2 614 000	2 748 000

Cash flow (NOK)	2022	2021	2020
Sales Income	94 000	381 000	61 000
Other Income	6 000	21 000	13 000
Revenue	100 000	402 000	74 000
Cost of Goods Sold	0	0	0
Salary Costs	10 000	265 000	53 000
Depreciation	292 000	288 000	254 000
Impairment	0	0	0
Expenditure	493 000	953 000	494 000
Operating Profit	−393 000	−551 000	−420 000
Financial Income	2 000	0	0
Financial Costs	103 000	68 000	68 000
Financial Balance	−101 000	−68 000	−68 000
Dividends	0	0	0
Net Income	−495 000	−619 000	−489 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	79 000	76 000	33 000
Total Tangible Assets	2 027 000	2 299 000	2 531 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 027 000	2 299 000	2 531 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	134 000	268 000	200 000
Total Current Assets	167 000	315 000	217 000
Total Assets	2 194 000	2 614 000	2 748 000
Total Equity	−1 502 000	−1 007 000	−389 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 656 000	3 621 000	3 779 000
Creditors	19 000	13 000	23 000
Unpaid Taxes	4 000	−30 000	−703 000
Dividends	0	0	0
Other Current Debt	17 000	17 000	38 000
Total Current Debt	40 000	−1 000	−643 000
Total Equity and Debt	2 194 000	2 614 000	2 748 000

Financial indicators	2022	2021	2020
Return on Equity	32,96 %	61,47 %	125,71 %
Debt-to-Equity Ratio	−2,43	−3,6	−9,71
Operating Profit Margin	−393 %	−137,06 %	−567,57 %
Current Ratio	4,18	−315	−0,34
Quick Ratio	4,18	−315	−0,34
Equity Ratio	−0,68	−0,39	−0,14
Gross Profit Margin	100 %	100 %	100 %