SOLSTAD SHIPPING AS

4280 SKUDENESHAVN

Finances

Return on Equity

173,88 %

Current Ratio

0,95

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	387 363 000	350 219 000	325 291 000	331 814 000
Net Income	−31 589 000	−23 182 000	−101 429 000	26 284 000
Total Assets	909 791 000	888 988 000	1 041 659 000	796 079 000
Total Equity	−18 167 000	13 421 000	−63 396 000	38 032 000

Income (NOK)	2022	2021	2020	2019
Revenue	387 363 000	350 219 000	325 291 000	331 814 000
Expenditure	388 429 000	369 576 000	423 239 000	267 970 000
Operating Profit	−1 066 000	−19 358 000	−97 949 000	63 845 000
Financial Income	520 000	76 000	479 000	519 000
Financial Costs	31 038 000	3 844 000	2 163 000	28 565 000
Financial Balance	−30 518 000	−3 768 000	−1 684 000	−28 046 000
Earnings Before Tax	−31 583 000	−23 126 000	−99 633 000	35 799 000
Tax	5 000	57 000	1 796 000	9 514 000
Net Income	−31 589 000	−23 182 000	−101 429 000	26 284 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 925 000	19 936 000	25 101 000	26 851 000
Total Current Assets	885 866 000	869 052 000	1 016 558 000	769 228 000
Total Assets	909 791 000	888 988 000	1 041 659 000	796 079 000
Total Retained Equity	−128 167 000	−96 579 000	−73 396 000	28 032 000
Total Equity	−18 167 000	13 421 000	−63 396 000	38 032 000
Total Long-Term Debt	0	0	0	4 620 000
Total Current Debt	927 958 000	875 567 000	1 105 056 000	753 426 000
Total Equity and Debt	909 791 000	888 988 000	1 041 659 000	796 079 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	387 363 000	350 219 000	0	331 814 000
Other Income	0	0	325 291 000	0
Revenue	387 363 000	350 219 000	325 291 000	331 814 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	823 883 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	388 429 000	369 576 000	423 239 000	267 970 000
Operating Profit	−1 066 000	−19 358 000	−97 949 000	63 845 000
Financial Income	520 000	76 000	479 000	519 000
Financial Costs	31 038 000	3 844 000	2 163 000	28 565 000
Financial Balance	−30 518 000	−3 768 000	−1 684 000	−28 046 000
Dividends	0	0	0	0
Net Income	−31 589 000	−23 182 000	−101 429 000	26 284 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 079 000	10 079 000	10 079 000	11 695 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 165 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 165 000	0	0	0
Total Fiancial Fixed Assets	11 681 000	9 858 000	15 022 000	15 155 000
Total Fixed Assets	23 925 000	19 936 000	25 101 000	26 851 000
Stock	2 523 000	1 497 000	2 139 000	0
Total Investments	0	0	0	0
Cash, Bank	69 683 000	76 606 000	115 941 000	76 897 000
Total Current Assets	885 866 000	869 052 000	1 016 558 000	769 228 000
Total Assets	909 791 000	888 988 000	1 041 659 000	796 079 000
Total Equity	−18 167 000	13 421 000	−63 396 000	38 032 000
Short-Term Group Debt	0	0	841 247 000	542 387 000
Total Long-Term Debt	0	0	0	4 620 000
Creditors	787 433 000	692 010 000	128 659 000	83 099 000
Unpaid Taxes	58 995 000	61 651 000	61 562 000	55 209 000
Dividends	0	0	0	0
Other Current Debt	81 524 000	121 899 000	73 530 000	72 563 000
Total Current Debt	927 958 000	875 567 000	1 105 056 000	753 426 000
Total Equity and Debt	909 791 000	888 988 000	1 041 659 000	796 079 000

Financial indicators	2022	2021	2020	2019
Return on Equity	173,88 %	−172,73 %	159,99 %	69,11 %
Debt-to-Equity Ratio	−0	0	−0	0,12
Operating Profit Margin	−0,28 %	−5,53 %	−30,11 %	19,24 %
Current Ratio	0,95	0,99	0,92	1,02
Quick Ratio	0,96	0,99	0,92	1,02
Equity Ratio	−0,02	0,02	−0,06	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %