SOLSTAD REDERI AS

4280 SKUDENESHAVN

Finances

Share Ownership

Return on Equity

−214,47 %

Current Ratio

6,25

Debt-to-Equity Ratio

32,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 109 119 000	1 540 116 000	617 909 000	656 243 000
Net Income	−1 117 722 000	−761 547 000	−38 577 000	−495 619 000
Total Assets	17 706 523 000	13 326 884 000	8 253 062 000	7 638 331 000
Total Equity	521 164 000	1 374 203 000	−1 343 461 000	−1 305 449 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 109 119 000	1 540 116 000	617 909 000	656 243 000
Expenditure	2 410 409 000	1 914 146 000	649 673 000	793 217 000
Operating Profit	698 710 000	−374 030 000	−31 765 000	−136 973 000
Financial Income	115 180 000	51 706 000	328 312 000	74 201 000
Financial Costs	1 924 214 000	443 041 000	335 755 000	464 390 000
Financial Balance	−1 809 034 000	−391 335 000	−7 443 000	−390 189 000
Earnings Before Tax	−1 110 324 000	−765 365 000	−39 209 000	−527 162 000
Tax	7 398 000	−3 818 000	−632 000	−31 543 000
Net Income	−1 117 722 000	−761 547 000	−38 577 000	−495 619 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 842 943 000	10 997 331 000	6 573 548 000	7 117 800 000
Total Current Assets	2 863 580 000	2 329 554 000	1 679 514 000	520 531 000
Total Assets	17 706 523 000	13 326 884 000	8 253 062 000	7 638 331 000
Total Retained Equity	0	0	−3 829 246 000	−3 791 234 000
Total Equity	521 164 000	1 374 203 000	−1 343 461 000	−1 305 449 000
Total Long-Term Debt	16 727 094 000	11 643 053 000	8 444 899 000	684 850 000
Total Current Debt	458 265 000	309 629 000	1 151 624 000	8 258 930 000
Total Equity and Debt	17 706 523 000	13 326 884 000	8 253 062 000	7 638 331 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 726 410 000	1 420 096 000	602 958 000	636 858 000
Other Income	382 708 000	120 020 000	14 951 000	19 385 000
Revenue	3 109 119 000	1 540 116 000	617 909 000	656 243 000
Cost of Goods Sold	612 156 000	376 165 000	132 114 000	149 756 000
Salary Costs	807 138 000	574 205 000	215 110 000	195 747 000
Depreciation	862 160 000	670 966 000	265 392 000	267 101 000
Impairment	−359 606 000	−44 716 000	−15 217 000	135 000 000
Expenditure	2 410 409 000	1 914 146 000	649 673 000	793 217 000
Operating Profit	698 710 000	−374 030 000	−31 765 000	−136 973 000
Financial Income	115 180 000	51 706 000	328 312 000	74 201 000
Financial Costs	1 924 214 000	443 041 000	335 755 000	464 390 000
Financial Balance	−1 809 034 000	−391 335 000	−7 443 000	−390 189 000
Dividends	0	0	0	0
Net Income	−1 117 722 000	−761 547 000	−38 577 000	−495 619 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	14 700 453 000	10 943 748 000	5 210 647 000	5 335 883 000
Total Fiancial Fixed Assets	142 489 000	53 583 000	1 362 901 000	1 781 917 000
Total Fixed Assets	14 842 943 000	10 997 331 000	6 573 548 000	7 117 800 000
Stock	157 605 000	75 893 000	26 611 000	35 998 000
Total Investments	0	0	0	1 000
Cash, Bank	1 453 379 000	1 093 231 000	545 456 000	44 207 000
Total Current Assets	2 863 580 000	2 329 554 000	1 679 514 000	520 531 000
Total Assets	17 706 523 000	13 326 884 000	8 253 062 000	7 638 331 000
Total Equity	521 164 000	1 374 203 000	−1 343 461 000	−1 305 449 000
Short-Term Group Debt	416 423 000	279 993 000	1 135 671 000	40 644 000
Total Long-Term Debt	16 727 094 000	11 643 053 000	8 444 899 000	684 850 000
Creditors	8 596 000	12 863 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	25 385 000	14 471 000	13 454 000	666 902 000
Total Current Debt	458 265 000	309 629 000	1 151 624 000	8 258 930 000
Total Equity and Debt	17 706 523 000	13 326 884 000	8 253 062 000	7 638 331 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−214,47 %	−55,42 %	2,87 %	37,97 %
Debt-to-Equity Ratio	32,1	8,47	−6,29	−0,52
Operating Profit Margin	22,47 %	−24,29 %	−5,14 %	−20,87 %
Current Ratio	6,25	7,52	1,46	0,06
Quick Ratio	9,52	9,97	1,49	0,06
Equity Ratio	0,03	0,1	−0,16	−0,17
Gross Profit Margin	80,31 %	75,58 %	78,62 %	77,18 %