SOLVANG CONSULTING AS

5106 ØVRE ERVIK

Finances

Return on Equity

6,42 %

Current Ratio

4,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	534 000	433 000	409 000	447 000
Net Income	256 000	740 000	947 000	184 000
Total Assets	4 526 000	4 313 000	3 602 000	3 604 000
Total Equity	3 986 000	3 840 000	3 100 000	3 003 000

Income (NOK)	2022	2021	2020	2019
Revenue	534 000	433 000	409 000	447 000
Expenditure	207 000	248 000	282 000	199 000
Operating Profit	327 000	185 000	127 000	248 000
Financial Income	5 000	608 000	865 000	2 000
Financial Costs	3 000	7 000	10 000	12 000
Financial Balance	2 000	601 000	855 000	−10 000
Earnings Before Tax	329 000	786 000	981 000	239 000
Tax	72 000	45 000	34 000	54 000
Net Income	256 000	740 000	947 000	184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 032 000	2 038 000	2 043 000	2 017 000
Total Current Assets	2 494 000	2 275 000	1 559 000	1 587 000
Total Assets	4 526 000	4 313 000	3 602 000	3 604 000
Total Retained Equity	3 886 000	3 740 000	3 000 000	2 903 000
Total Equity	3 986 000	3 840 000	3 100 000	3 003 000
Total Long-Term Debt	0	82 000	144 000	202 000
Total Current Debt	539 000	390 000	358 000	399 000
Total Equity and Debt	4 526 000	4 313 000	3 602 000	3 604 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	534 000	433 000	409 000	447 000
Other Income	0	0	0	0
Revenue	534 000	433 000	409 000	447 000
Cost of Goods Sold	15 000	40 000	29 000	49 000
Salary Costs	1 000	1 000	1 000	1 000
Depreciation	5 000	5 000	0	0
Impairment	0	0	0	0
Expenditure	207 000	248 000	282 000	199 000
Operating Profit	327 000	185 000	127 000	248 000
Financial Income	5 000	608 000	865 000	2 000
Financial Costs	3 000	7 000	10 000	12 000
Financial Balance	2 000	601 000	855 000	−10 000
Dividends	110 000	0	850 000	0
Net Income	256 000	740 000	947 000	184 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 809 000	1 809 000	1 809 000	1 809 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	21 000	26 000	0
Total Tangible Assets	1 825 000	1 830 000	1 835 000	1 809 000
Total Fiancial Fixed Assets	208 000	208 000	208 000	208 000
Total Fixed Assets	2 032 000	2 038 000	2 043 000	2 017 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 707 000	1 512 000	264 000	331 000
Total Current Assets	2 494 000	2 275 000	1 559 000	1 587 000
Total Assets	4 526 000	4 313 000	3 602 000	3 604 000
Total Equity	3 986 000	3 840 000	3 100 000	3 003 000
Short-Term Group Debt	243 000	243 000	243 000	261 000
Total Long-Term Debt	0	82 000	144 000	202 000
Creditors	−6 000	3 000	2 000	2 000
Unpaid Taxes	119 000	91 000	71 000	80 000
Dividends	110 000	0	850 000	0
Other Current Debt	0	8 000	8 000	0
Total Current Debt	539 000	390 000	358 000	399 000
Total Equity and Debt	4 526 000	4 313 000	3 602 000	3 604 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,42 %	19,27 %	30,55 %	6,13 %
Debt-to-Equity Ratio	0	0,02	0,05	0,07
Operating Profit Margin	61,24 %	42,73 %	31,05 %	55,48 %
Current Ratio	4,63	5,83	4,35	3,98
Quick Ratio	4,63	5,83	4,35	3,98
Equity Ratio	0,88	0,89	0,86	0,83
Gross Profit Margin	97,19 %	90,76 %	92,91 %	89,04 %