SOLON SØRVEST AS

4005 STAVANGER

Finances

Return on Equity

1,08 %

Current Ratio

0,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 395 000	19 360 000	20 746 000	27 478 000
Net Income	3 949 000	49 682 000	−122 484 000	−8 315 000
Total Assets	718 893 000	785 986 000	766 884 000	982 925 000
Total Equity	364 909 000	377 969 000	208 587 000	331 070 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 395 000	19 360 000	20 746 000	27 478 000
Expenditure	29 816 000	39 751 000	44 672 000	62 602 000
Operating Profit	−27 091 000	−20 391 000	−23 925 000	−35 124 000
Financial Income	38 989 000	82 657 000	−79 591 000	39 493 000
Financial Costs	14 935 000	19 617 000	28 180 000	23 752 000
Financial Balance	24 054 000	63 040 000	−107 771 000	15 741 000
Earnings Before Tax	−3 037 000	42 649 000	−131 696 000	−19 383 000
Tax	−6 986 000	−7 034 000	−9 213 000	−11 068 000
Net Income	3 949 000	49 682 000	−122 484 000	−8 315 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	408 527 000	531 043 000	677 773 000	888 640 000
Total Current Assets	310 367 000	254 944 000	89 111 000	94 285 000
Total Assets	718 893 000	785 986 000	766 884 000	982 925 000
Total Retained Equity	90 563 000	333 700 000	164 319 000	286 802 000
Total Equity	364 909 000	377 969 000	208 587 000	331 070 000
Total Long-Term Debt	0	171 476 000	513 865 000	384 949 000
Total Current Debt	353 985 000	236 542 000	44 431 000	266 906 000
Total Equity and Debt	718 893 000	785 986 000	766 884 000	982 925 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 318 000	19 360 000	20 746 000	27 478 000
Other Income	77 000	0	0	0
Revenue	10 395 000	19 360 000	20 746 000	27 478 000
Cost of Goods Sold	130 000	6 257 000	690 000	5 280 000
Salary Costs	22 909 000	24 957 000	29 395 000	32 570 000
Depreciation	120 000	371 000	83 000	43 000
Impairment	0	0	0	0
Expenditure	29 816 000	39 751 000	44 672 000	62 602 000
Operating Profit	−27 091 000	−20 391 000	−23 925 000	−35 124 000
Financial Income	38 989 000	82 657 000	−79 591 000	39 493 000
Financial Costs	14 935 000	19 617 000	28 180 000	23 752 000
Financial Balance	24 054 000	63 040 000	−107 771 000	15 741 000
Dividends	0	0	0	0
Net Income	3 949 000	49 682 000	−122 484 000	−8 315 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 300 000	11 712 000	38 465 000	30 364 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	320 000	440 000	811 000	294 000
Total Tangible Assets	320 000	440 000	811 000	294 000
Total Fiancial Fixed Assets	400 907 000	518 890 000	638 497 000	857 982 000
Total Fixed Assets	408 527 000	531 043 000	677 773 000	888 640 000
Stock	8 526 000	15 834 000	17 754 000	18 608 000
Total Investments	0	0	0	0
Cash, Bank	924 000	57 450 000	19 090 000	1 621 000
Total Current Assets	310 367 000	254 944 000	89 111 000	94 285 000
Total Assets	718 893 000	785 986 000	766 884 000	982 925 000
Total Equity	364 909 000	377 969 000	208 587 000	331 070 000
Short-Term Group Debt	155 167 000	62 779 000	1 479 000	245 184 000
Total Long-Term Debt	0	171 476 000	513 865 000	384 949 000
Creditors	569 000	1 401 000	1 420 000	4 778 000
Unpaid Taxes	2 115 000	3 724 000	2 602 000	2 819 000
Dividends	0	0	0	0
Other Current Debt	2 052 000	11 497 000	12 027 000	14 123 000
Total Current Debt	353 985 000	236 542 000	44 431 000	266 906 000
Total Equity and Debt	718 893 000	785 986 000	766 884 000	982 925 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,08 %	13,14 %	−58,72 %	−2,51 %
Debt-to-Equity Ratio	0	0,45	2,46	1,16
Operating Profit Margin	−260,62 %	−105,33 %	−115,32 %	−127,83 %
Current Ratio	0,88	1,08	2,01	0,35
Quick Ratio	0,9	1,16	3,34	0,38
Equity Ratio	0,51	0,48	0,27	0,34
Gross Profit Margin	98,75 %	67,68 %	96,67 %	80,78 %