SOLWR SOFTWARE AS

6009 ÅLESUND

Finances

Return on Equity

−252,7 %

Current Ratio

0,83

Debt-to-Equity Ratio

6,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	65 787 000	68 711 000	57 701 000	42 815 000
Net Income	−25 821 000	−5 612 000	−7 473 000	−11 805 000
Total Assets	91 655 000	69 782 000	73 520 000	43 942 000
Total Equity	10 218 000	35 738 000	41 350 000	17 826 000

Income (NOK)	2022	2021	2020	2019
Revenue	65 787 000	68 711 000	57 701 000	42 815 000
Expenditure	96 688 000	75 561 000	66 615 000	57 738 000
Operating Profit	−30 901 000	−6 850 000	−8 915 000	−14 922 000
Financial Income	294 000	90 000	112 000	12 000
Financial Costs	3 045 000	853 000	1 140 000	481 000
Financial Balance	−2 751 000	−763 000	−1 028 000	−469 000
Earnings Before Tax	−33 652 000	−7 612 000	−9 943 000	−15 392 000
Tax	−7 832 000	−2 001 000	−2 470 000	−3 586 000
Net Income	−25 821 000	−5 612 000	−7 473 000	−11 805 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	78 230 000	59 618 000	40 871 000	31 353 000
Total Current Assets	13 424 000	10 164 000	32 649 000	12 589 000
Total Assets	91 655 000	69 782 000	73 520 000	43 942 000
Total Retained Equity	0	0	2 753 000	10 226 000
Total Equity	10 218 000	35 738 000	41 350 000	17 826 000
Total Long-Term Debt	65 243 000	18 450 000	10 550 000	10 000 000
Total Current Debt	16 194 000	15 594 000	21 620 000	16 116 000
Total Equity and Debt	91 655 000	69 782 000	73 520 000	43 942 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	65 359 000	68 287 000	57 661 000	42 815 000
Other Income	428 000	424 000	41 000	0
Revenue	65 787 000	68 711 000	57 701 000	42 815 000
Cost of Goods Sold	3 093 000	2 025 000	901 000	909 000
Salary Costs	60 916 000	52 165 000	48 871 000	41 368 000
Depreciation	17 918 000	12 375 000	8 167 000	4 550 000
Impairment	0	0	0	0
Expenditure	96 688 000	75 561 000	66 615 000	57 738 000
Operating Profit	−30 901 000	−6 850 000	−8 915 000	−14 922 000
Financial Income	294 000	90 000	112 000	12 000
Financial Costs	3 045 000	853 000	1 140 000	481 000
Financial Balance	−2 751 000	−763 000	−1 028 000	−469 000
Dividends	0	0	0	0
Net Income	−25 821 000	−5 612 000	−7 473 000	−11 805 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	76 937 000	58 534 000	39 441 000	29 510 000
Real Eastate	900 000	900 000	900 000	900 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	103 000	149 000	381 000	832 000
Total Tangible Assets	1 003 000	1 049 000	1 281 000	1 732 000
Total Fiancial Fixed Assets	291 000	35 000	149 000	111 000
Total Fixed Assets	78 230 000	59 618 000	40 871 000	31 353 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 574 000	2 898 000	26 458 000	2 568 000
Total Current Assets	13 424 000	10 164 000	32 649 000	12 589 000
Total Assets	91 655 000	69 782 000	73 520 000	43 942 000
Total Equity	10 218 000	35 738 000	41 350 000	17 826 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 243 000	18 450 000	10 550 000	10 000 000
Creditors	3 359 000	3 466 000	2 625 000	3 072 000
Unpaid Taxes	4 252 000	6 492 000	6 144 000	4 691 000
Dividends	0	0	0	0
Other Current Debt	6 763 000	5 444 000	12 015 000	5 409 000
Total Current Debt	16 194 000	15 594 000	21 620 000	16 116 000
Total Equity and Debt	91 655 000	69 782 000	73 520 000	43 942 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−252,7 %	−15,7 %	−18,07 %	−66,22 %
Debt-to-Equity Ratio	6,39	0,52	0,26	0,56
Operating Profit Margin	−46,97 %	−9,97 %	−15,45 %	−34,85 %
Current Ratio	0,83	0,65	1,51	0,78
Quick Ratio	0,83	0,65	1,51	0,78
Equity Ratio	0,11	0,51	0,56	0,41
Gross Profit Margin	95,3 %	97,05 %	98,44 %	97,88 %