SOLINA NORWAY AS

3270 LARVIK

Finances

Share Ownership

Return on Equity

17,15 %

Current Ratio

2,84

Debt-to-Equity Ratio

2,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	73 482 000	64 718 000	57 246 000	51 486 000
Net Income	1 629 000	5 684 000	3 429 000	2 635 000
Total Assets	35 823 000	17 293 000	16 755 000	11 162 000
Total Equity	9 497 000	7 868 000	10 184 000	6 755 000

Income (NOK)	2022	2021	2020	2019
Revenue	73 482 000	64 718 000	57 246 000	51 486 000
Expenditure	69 883 000	57 462 000	53 152 000	47 741 000
Operating Profit	4 341 000	7 256 000	4 095 000	3 746 000
Financial Income	16 000	167 000	364 000	2 000
Financial Costs	2 310 000	132 000	45 000	357 000
Financial Balance	−2 294 000	35 000	319 000	−355 000
Earnings Before Tax	2 048 000	7 291 000	4 414 000	3 391 000
Tax	418 000	1 607 000	985 000	756 000
Net Income	1 629 000	5 684 000	3 429 000	2 635 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 823 000	548 000	577 000	606 000
Total Current Assets	20 000 000	16 745 000	16 178 000	10 557 000
Total Assets	35 823 000	17 293 000	16 755 000	11 162 000
Total Retained Equity	8 256 000	6 626 000	8 942 000	5 513 000
Total Equity	9 497 000	7 868 000	10 184 000	6 755 000
Total Long-Term Debt	19 290 000	0	0	0
Total Current Debt	7 036 000	9 425 000	6 571 000	4 408 000
Total Equity and Debt	35 823 000	17 293 000	16 755 000	11 162 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	73 315 000	64 718 000	57 246 000	51 486 000
Other Income	167 000	0	0	0
Revenue	73 482 000	64 718 000	57 246 000	51 486 000
Cost of Goods Sold	46 638 000	41 874 000	38 982 000	33 245 000
Salary Costs	6 599 000	5 060 000	3 812 000	5 916 000
Depreciation	3 285 000	29 000	29 000	29 000
Impairment	0	0	0	0
Expenditure	69 883 000	57 462 000	53 152 000	47 741 000
Operating Profit	4 341 000	7 256 000	4 095 000	3 746 000
Financial Income	16 000	167 000	364 000	2 000
Financial Costs	2 310 000	132 000	45 000	357 000
Financial Balance	−2 294 000	35 000	319 000	−355 000
Dividends	0	8 000 000	0	0
Net Income	1 629 000	5 684 000	3 429 000	2 635 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	14 383 000	0	0	0
Total Intangible Assets	15 125 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	150 000	0	29 000	57 000
Total Tangible Assets	150 000	0	29 000	57 000
Total Fiancial Fixed Assets	548 000	548 000	548 000	548 000
Total Fixed Assets	15 823 000	548 000	577 000	606 000
Stock	2 969 000	1 345 000	1 428 000	1 176 000
Total Investments	0	0	0	0
Cash, Bank	8 959 000	8 232 000	8 988 000	5 090 000
Total Current Assets	20 000 000	16 745 000	16 178 000	10 557 000
Total Assets	35 823 000	17 293 000	16 755 000	11 162 000
Total Equity	9 497 000	7 868 000	10 184 000	6 755 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 290 000	0	0	0
Creditors	2 967 000	3 851 000	2 704 000	1 270 000
Unpaid Taxes	1 667 000	1 739 000	1 382 000	1 638 000
Dividends	0	8 000 000	0	0
Other Current Debt	2 004 000	2 228 000	1 500 000	747 000
Total Current Debt	7 036 000	9 425 000	6 571 000	4 408 000
Total Equity and Debt	35 823 000	17 293 000	16 755 000	11 162 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,15 %	72,24 %	33,67 %	39,01 %
Debt-to-Equity Ratio	2,03	0	0	0
Operating Profit Margin	5,91 %	11,21 %	7,15 %	7,28 %
Current Ratio	2,84	1,78	2,46	2,39
Quick Ratio	4,92	2,07	3,15	3,27
Equity Ratio	0,27	0,45	0,61	0,61
Gross Profit Margin	36,53 %	35,3 %	31,9 %	35,43 %