SOLLAND ELEKTRO AS

4014 STAVANGER

Finances

Return on Equity

−31,69 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	37 643 000	31 252 000	31 320 000	35 358 000
Net Income	−2 785 000	658 000	17 191 000	10 027 000
Total Assets	22 770 000	22 817 000	42 571 000	28 716 000
Total Equity	8 788 000	8 520 000	8 521 000	5 834 000

Income (NOK)	2022	2021	2020	2019
Revenue	37 643 000	31 252 000	31 320 000	35 358 000
Expenditure	43 885 000	32 836 000	29 667 000	30 313 000
Operating Profit	−6 243 000	−1 585 000	1 653 000	5 044 000
Financial Income	2 136 000	2 032 000	16 214 000	6 352 000
Financial Costs	23 000	144 000	204 000	183 000
Financial Balance	2 113 000	1 888 000	16 010 000	6 169 000
Earnings Before Tax	−4 130 000	303 000	17 663 000	11 213 000
Tax	−1 345 000	−355 000	471 000	1 187 000
Net Income	−2 785 000	658 000	17 191 000	10 027 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 235 000	3 036 000	2 997 000	2 963 000
Total Current Assets	20 535 000	19 781 000	39 574 000	25 753 000
Total Assets	22 770 000	22 817 000	42 571 000	28 716 000
Total Retained Equity	4 241 000	7 026 000	7 027 000	4 340 000
Total Equity	8 788 000	8 520 000	8 521 000	5 834 000
Total Long-Term Debt	0	55 000	596 000	577 000
Total Current Debt	13 982 000	14 242 000	33 455 000	22 305 000
Total Equity and Debt	22 770 000	22 817 000	42 571 000	28 716 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	37 643 000	31 252 000	31 320 000	35 358 000
Other Income	0	0	0	0
Revenue	37 643 000	31 252 000	31 320 000	35 358 000
Cost of Goods Sold	15 830 000	11 291 000	11 059 000	9 824 000
Salary Costs	20 703 000	16 092 000	14 013 000	15 752 000
Depreciation	242 000	149 000	134 000	138 000
Impairment	0	0	0	0
Expenditure	43 885 000	32 836 000	29 667 000	30 313 000
Operating Profit	−6 243 000	−1 585 000	1 653 000	5 044 000
Financial Income	2 136 000	2 032 000	16 214 000	6 352 000
Financial Costs	23 000	144 000	204 000	183 000
Financial Balance	2 113 000	1 888 000	16 010 000	6 169 000
Dividends	0	0	0	0
Net Income	−2 785 000	658 000	17 191 000	10 027 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	429 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	229 000	295 000	278 000	268 000
Total Tangible Assets	229 000	295 000	278 000	268 000
Total Fiancial Fixed Assets	1 577 000	2 741 000	2 719 000	2 694 000
Total Fixed Assets	2 235 000	3 036 000	2 997 000	2 963 000
Stock	500 000	474 000	590 000	648 000
Total Investments	0	0	0	0
Cash, Bank	7 425 000	10 066 000	10 153 000	4 930 000
Total Current Assets	20 535 000	19 781 000	39 574 000	25 753 000
Total Assets	22 770 000	22 817 000	42 571 000	28 716 000
Total Equity	8 788 000	8 520 000	8 521 000	5 834 000
Short-Term Group Debt	5 711 000	6 636 000	25 925 000	16 160 000
Total Long-Term Debt	0	55 000	596 000	577 000
Creditors	2 466 000	2 106 000	1 093 000	1 310 000
Unpaid Taxes	2 767 000	2 193 000	1 952 000	2 265 000
Dividends	0	0	0	0
Other Current Debt	3 038 000	3 307 000	4 484 000	2 571 000
Total Current Debt	13 982 000	14 242 000	33 455 000	22 305 000
Total Equity and Debt	22 770 000	22 817 000	42 571 000	28 716 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−31,69 %	7,72 %	201,75 %	171,87 %
Debt-to-Equity Ratio	0	0,01	0,07	0,1
Operating Profit Margin	−16,58 %	−5,07 %	5,28 %	14,27 %
Current Ratio	1,47	1,39	1,18	1,15
Quick Ratio	1,52	1,44	1,2	1,19
Equity Ratio	0,39	0,37	0,2	0,2
Gross Profit Margin	57,95 %	63,87 %	64,69 %	72,22 %