SOLAR NORGE AS

2060 GARDERMOEN

Finances

Return on Equity

25,37 %

Current Ratio

1,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 093 874 000	2 632 101 000	2 596 132 000	2 562 805 000
Net Income	159 296 000	132 700 000	94 572 000	40 250 000
Total Assets	1 297 272 000	1 251 117 000	1 104 457 000	964 944 000
Total Equity	628 004 000	468 709 000	460 809 000	446 321 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 093 874 000	2 632 101 000	2 596 132 000	2 562 805 000
Expenditure	2 890 779 000	2 460 745 000	2 472 327 000	2 505 807 000
Operating Profit	203 096 000	171 356 000	123 805 000	56 998 000
Financial Income	19 866 000	7 600 000	8 847 000	4 544 000
Financial Costs	18 301 000	8 894 000	10 388 000	8 293 000
Financial Balance	1 565 000	−1 294 000	−1 541 000	−3 749 000
Earnings Before Tax	204 661 000	170 062 000	122 264 000	53 249 000
Tax	45 365 000	37 362 000	27 693 000	13 000 000
Net Income	159 296 000	132 700 000	94 572 000	40 250 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	173 474 000	184 763 000	193 340 000	202 342 000
Total Current Assets	1 123 798 000	1 066 354 000	911 117 000	762 602 000
Total Assets	1 297 272 000	1 251 117 000	1 104 457 000	964 944 000
Total Retained Equity	123 504 000	−35 791 000	−43 691 000	−58 179 000
Total Equity	628 004 000	468 709 000	460 809 000	446 321 000
Total Long-Term Debt	0	1 181 000	1 670 000	2 447 000
Total Current Debt	669 268 000	781 228 000	641 978 000	516 176 000
Total Equity and Debt	1 297 272 000	1 251 117 000	1 104 457 000	964 944 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 093 874 000	2 632 101 000	2 596 132 000	2 562 805 000
Other Income	0	0	0	0
Revenue	3 093 874 000	2 632 101 000	2 596 132 000	2 562 805 000
Cost of Goods Sold	2 365 518 000	2 009 189 000	2 009 069 000	2 035 254 000
Salary Costs	349 200 000	322 320 000	304 299 000	309 482 000
Depreciation	16 024 000	15 794 000	15 920 000	14 655 000
Impairment	0	0	0	0
Expenditure	2 890 779 000	2 460 745 000	2 472 327 000	2 505 807 000
Operating Profit	203 096 000	171 356 000	123 805 000	56 998 000
Financial Income	19 866 000	7 600 000	8 847 000	4 544 000
Financial Costs	18 301 000	8 894 000	10 388 000	8 293 000
Financial Balance	1 565 000	−1 294 000	−1 541 000	−3 749 000
Dividends	0	125 000 000	80 000 000	15 000 000
Net Income	159 296 000	132 700 000	94 572 000	40 250 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	883 000	0	0	0
Real Eastate	138 180 000	142 327 000	146 467 000	150 527 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 235 000	35 913 000	43 102 000	51 122 000
Total Tangible Assets	166 415 000	178 240 000	189 568 000	201 649 000
Total Fiancial Fixed Assets	6 177 000	6 523 000	3 772 000	693 000
Total Fixed Assets	173 474 000	184 763 000	193 340 000	202 342 000
Stock	451 676 000	374 018 000	293 922 000	320 868 000
Total Investments	0	0	0	0
Cash, Bank	8 564 000	1 284 000	1 773 000	1 487 000
Total Current Assets	1 123 798 000	1 066 354 000	911 117 000	762 602 000
Total Assets	1 297 272 000	1 251 117 000	1 104 457 000	964 944 000
Total Equity	628 004 000	468 709 000	460 809 000	446 321 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 181 000	1 670 000	2 447 000
Creditors	484 932 000	519 345 000	425 684 000	399 769 000
Unpaid Taxes	66 504 000	41 669 000	58 310 000	42 634 000
Dividends	0	125 000 000	80 000 000	15 000 000
Other Current Debt	70 378 000	57 255 000	49 598 000	46 972 000
Total Current Debt	669 268 000	781 228 000	641 978 000	516 176 000
Total Equity and Debt	1 297 272 000	1 251 117 000	1 104 457 000	964 944 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,37 %	28,31 %	20,52 %	9,02 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	6,56 %	6,51 %	4,77 %	2,22 %
Current Ratio	1,68	1,36	1,42	1,48
Quick Ratio	5,16	2,62	2,62	3,9
Equity Ratio	0,48	0,37	0,42	0,46
Gross Profit Margin	23,54 %	23,67 %	22,61 %	20,58 %