OLAV SOLVANG AS

3880 DALEN

Finances

Return on Equity

−33,8 %

Current Ratio

3,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 494 000	7 882 000	7 562 000	7 382 000
Net Income	−777 000	134 000	204 000	1 111 000
Total Assets	3 087 000	4 228 000	4 034 000	3 569 000
Total Equity	2 299 000	3 276 000	3 141 000	2 937 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 494 000	7 882 000	7 562 000	7 382 000
Expenditure	5 474 000	7 691 000	7 283 000	6 152 000
Operating Profit	−979 000	191 000	279 000	1 229 000
Financial Income	0	0	1 000	1 000
Financial Costs	16 000	16 000	10 000	38 000
Financial Balance	−16 000	−16 000	−9 000	−37 000
Earnings Before Tax	−996 000	176 000	269 000	1 192 000
Tax	−219 000	42 000	65 000	80 000
Net Income	−777 000	134 000	204 000	1 111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	705 000	544 000	529 000	564 000
Total Current Assets	2 382 000	3 684 000	3 505 000	3 005 000
Total Assets	3 087 000	4 228 000	4 034 000	3 569 000
Total Retained Equity	2 199 000	3 176 000	3 041 000	2 837 000
Total Equity	2 299 000	3 276 000	3 141 000	2 937 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	788 000	953 000	892 000	631 000
Total Equity and Debt	3 087 000	4 228 000	4 034 000	3 569 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 487 000	7 855 000	7 423 000	6 400 000
Other Income	8 000	26 000	139 000	982 000
Revenue	4 494 000	7 882 000	7 562 000	7 382 000
Cost of Goods Sold	1 550 000	2 428 000	2 210 000	2 202 000
Salary Costs	2 002 000	2 935 000	2 836 000	1 822 000
Depreciation	54 000	46 000	51 000	127 000
Impairment	0	0	0	0
Expenditure	5 474 000	7 691 000	7 283 000	6 152 000
Operating Profit	−979 000	191 000	279 000	1 229 000
Financial Income	0	0	1 000	1 000
Financial Costs	16 000	16 000	10 000	38 000
Financial Balance	−16 000	−16 000	−9 000	−37 000
Dividends	0	0	0	0
Net Income	−777 000	134 000	204 000	1 111 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	550 000	332 000	373 000	438 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	144 000	199 000	139 000	106 000
Fixtures	1 000	4 000	7 000	10 000
Total Tangible Assets	144 000	202 000	146 000	116 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	705 000	544 000	529 000	564 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 780 000	2 382 000	1 060 000	1 005 000
Total Current Assets	2 382 000	3 684 000	3 505 000	3 005 000
Total Assets	3 087 000	4 228 000	4 034 000	3 569 000
Total Equity	2 299 000	3 276 000	3 141 000	2 937 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	135 000	319 000	133 000	191 000
Unpaid Taxes	167 000	297 000	467 000	234 000
Dividends	0	0	0	0
Other Current Debt	486 000	337 000	292 000	206 000
Total Current Debt	788 000	953 000	892 000	631 000
Total Equity and Debt	3 087 000	4 228 000	4 034 000	3 569 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,8 %	4,09 %	6,49 %	37,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−21,78 %	2,42 %	3,69 %	16,65 %
Current Ratio	3,02	3,87	3,93	4,76
Quick Ratio	3,02	3,87	3,93	4,76
Equity Ratio	0,74	0,77	0,78	0,82
Gross Profit Margin	65,51 %	69,2 %	70,77 %	70,17 %