SOLVANG EIENDOM AS

7620 SKOGN

Finances

Share Ownership

Return on Equity

93,97 %

Current Ratio

17,69

Debt-to-Equity Ratio

−3,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	145 000	250 000	237 000	98 000
Net Income	−795 000	−67 000	115 000	−79 000
Total Assets	1 766 000	1 825 000	985 000	258 000
Total Equity	−846 000	−51 000	15 000	−100 000

Income (NOK)	2022	2021	2020	2019
Revenue	145 000	250 000	237 000	98 000
Expenditure	867 000	324 000	125 000	180 000
Operating Profit	−722 000	−73 000	112 000	−82 000
Financial Income	0	7 000	4 000	4 000
Financial Costs	73 000	1 000	0	1 000
Financial Balance	−73 000	6 000	4 000	3 000
Earnings Before Tax	−795 000	−67 000	115 000	−79 000
Tax	0	0	0	0
Net Income	−795 000	−67 000	115 000	−79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 147 000	288 000	139 000	144 000
Total Current Assets	619 000	1 537 000	846 000	114 000
Total Assets	1 766 000	1 825 000	985 000	258 000
Total Retained Equity	−1 400 000	−605 000	−538 000	−654 000
Total Equity	−846 000	−51 000	15 000	−100 000
Total Long-Term Debt	2 577 000	1 868 000	953 000	315 000
Total Current Debt	35 000	9 000	16 000	43 000
Total Equity and Debt	1 766 000	1 825 000	985 000	258 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 000	0	0	0
Other Income	98 000	250 000	237 000	98 000
Revenue	145 000	250 000	237 000	98 000
Cost of Goods Sold	76 000	0	0	0
Salary Costs	48 000	68 000	1 000	5 000
Depreciation	183 000	10 000	5 000	6 000
Impairment	0	0	0	0
Expenditure	867 000	324 000	125 000	180 000
Operating Profit	−722 000	−73 000	112 000	−82 000
Financial Income	0	7 000	4 000	4 000
Financial Costs	73 000	1 000	0	1 000
Financial Balance	−73 000	6 000	4 000	3 000
Dividends	0	0	0	0
Net Income	−795 000	−67 000	115 000	−79 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	131 000	135 000	139 000	144 000
Machinery and Plant Facilities	1 016 000	153 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 147 000	288 000	139 000	144 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 147 000	288 000	139 000	144 000
Stock	442 000	255 000	0	0
Total Investments	0	0	0	0
Cash, Bank	10 000	20 000	72 000	1 000
Total Current Assets	619 000	1 537 000	846 000	114 000
Total Assets	1 766 000	1 825 000	985 000	258 000
Total Equity	−846 000	−51 000	15 000	−100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 577 000	1 868 000	953 000	315 000
Creditors	31 000	3 000	11 000	37 000
Unpaid Taxes	0	6 000	1 000	1 000
Dividends	0	0	0	0
Other Current Debt	4 000	0	5 000	5 000
Total Current Debt	35 000	9 000	16 000	43 000
Total Equity and Debt	1 766 000	1 825 000	985 000	258 000

Financial indicators	2022	2021	2020	2019
Return on Equity	93,97 %	131,37 %	766,67 %	79 %
Debt-to-Equity Ratio	−3,05	−36,63	63,53	−3,15
Operating Profit Margin	−497,93 %	−29,2 %	47,26 %	−83,67 %
Current Ratio	17,69	170,78	52,88	2,65
Quick Ratio	−1,52	−6,25	52,88	2,65
Equity Ratio	−0,48	−0,03	0,02	−0,39
Gross Profit Margin	47,59 %	100 %	100 %	100 %