SOLVANG ASA

4005 STAVANGER

Finances

Return on Equity

16,61 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,91

Key figures (USD)	2022	2021	2020	2019
Revenue	247 963 000	231 055 000	239 269 000	188 843 000
Net Income	88 887 000	60 040 000	46 485 000	4 482 000
Total Assets	1 075 849 000	1 215 563 000	1 308 377 000	1 355 507 000
Total Equity	535 010 000	541 592 000	540 154 000	498 466 000

Income (USD)	2022	2021	2020	2019
Revenue	247 963 000	231 055 000	239 269 000	188 843 000
Expenditure	148 986 000	158 423 000	156 069 000	145 769 000
Operating Profit	98 977 000	72 632 000	83 200 000	43 074 000
Financial Income	16 942 000	11 486 000	1 153 000	1 696 000
Financial Costs	27 210 000	23 799 000	37 671 000	39 482 000
Financial Balance	−10 268 000	−12 313 000	−36 518 000	−37 786 000
Earnings Before Tax	88 709 000	60 319 000	46 682 000	5 288 000
Tax	−178 000	279 000	197 000	806 000
Net Income	88 887 000	60 040 000	46 485 000	4 482 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	1 005 981 000	1 130 528 000	1 240 908 000	1 290 443 000
Total Current Assets	69 868 000	85 035 000	67 469 000	65 064 000
Total Assets	1 075 849 000	1 215 563 000	1 308 377 000	1 355 507 000
Total Retained Equity	275 567 000	253 361 000	242 235 000	208 952 000
Total Equity	535 010 000	541 592 000	540 154 000	498 466 000
Total Long-Term Debt	487 042 000	476 094 000	642 419 000	725 701 000
Total Current Debt	53 797 000	197 874 000	125 802 000	131 342 000
Total Equity and Debt	1 075 849 000	1 215 562 000	1 308 375 000	1 355 509 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	239 379 000	230 222 000	238 027 000	188 843 000
Other Income	8 584 000	833 000	1 242 000	0
Revenue	247 963 000	231 055 000	239 269 000	188 843 000
Cost of Goods Sold	32 238 000	32 856 000	32 230 000	0
Salary Costs	53 797 000	56 746 000	54 464 000	48 870 000
Depreciation	58 765 000	64 881 000	68 215 000	60 621 000
Impairment	0	0	0	0
Expenditure	148 986 000	158 423 000	156 069 000	145 769 000
Operating Profit	98 977 000	72 632 000	83 200 000	43 074 000
Financial Income	16 942 000	11 486 000	1 153 000	1 696 000
Financial Costs	27 210 000	23 799 000	37 671 000	39 482 000
Financial Balance	−10 268 000	−12 313 000	−36 518 000	−37 786 000
Dividends	0	0	0	0
Net Income	88 887 000	60 040 000	46 485 000	4 482 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	5 218 000
Total Intangible Assets	0	153 000	2 071 000	5 218 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	319 000	58 000	102 000	131 000
Total Tangible Assets	1 005 940 000	1 123 466 000	1 229 731 000	1 275 095 000
Total Fiancial Fixed Assets	41 000	6 909 000	9 106 000	10 130 000
Total Fixed Assets	1 005 981 000	1 130 528 000	1 240 908 000	1 290 443 000
Stock	4 359 000	6 991 000	5 168 000	5 118 000
Total Investments	0	0	0	0
Cash, Bank	35 728 000	61 547 000	40 947 000	44 580 000
Total Current Assets	69 868 000	85 035 000	67 469 000	65 064 000
Total Assets	1 075 849 000	1 215 563 000	1 308 377 000	1 355 507 000
Total Equity	535 010 000	541 592 000	540 154 000	498 466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	487 042 000	476 094 000	642 419 000	725 701 000
Creditors	10 608 000	7 262 000	5 514 000	6 919 000
Unpaid Taxes	1 149 000	1 214 000	1 131 000	1 301 000
Dividends	0	0	0	0
Other Current Debt	41 781 000	189 309 000	118 560 000	12 763 000
Total Current Debt	53 797 000	197 874 000	125 802 000	131 342 000
Total Equity and Debt	1 075 849 000	1 215 562 000	1 308 375 000	1 355 509 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,61 %	11,09 %	8,61 %	0,9 %
Debt-to-Equity Ratio	0,91	0,88	1,19	1,46
Operating Profit Margin	39,92 %	31,43 %	34,77 %	22,81 %
Current Ratio	1,3	0,43	0,54	0,5
Quick Ratio	1,41	0,45	0,56	0,52
Equity Ratio	0,5	0,45	0,41	0,37
Gross Profit Margin	87 %	85,78 %	86,53 %	100 %