SOLBAKKEN AS

4006 STAVANGER

Finances

Return on Equity

10,53 %

Current Ratio

152,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 422 000	701 000	280 000	30 000
Net Income	114 810 000	206 916 000	18 191 000	49 928 000
Total Assets	1 096 236 000	1 084 387 000	978 133 000	684 741 000
Total Equity	1 090 745 000	1 075 935 000	869 020 000	573 085 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 422 000	701 000	280 000	30 000
Expenditure	3 637 000	5 134 000	1 935 000	1 619 000
Operating Profit	−2 215 000	−4 434 000	−1 655 000	−1 589 000
Financial Income	144 026 000	216 782 000	34 412 000	60 024 000
Financial Costs	25 957 000	4 925 000	13 941 000	7 507 000
Financial Balance	118 069 000	211 857 000	20 471 000	52 517 000
Earnings Before Tax	115 854 000	207 422 000	18 816 000	50 928 000
Tax	1 044 000	507 000	626 000	1 000 000
Net Income	114 810 000	206 916 000	18 191 000	49 928 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	292 759 000	384 063 000	378 346 000	197 734 000
Total Current Assets	803 477 000	700 324 000	599 787 000	487 007 000
Total Assets	1 096 236 000	1 084 387 000	978 133 000	684 741 000
Total Retained Equity	784 599 000	769 789 000	562 873 000	544 683 000
Total Equity	1 090 745 000	1 075 935 000	869 020 000	573 085 000
Total Long-Term Debt	209 000	0	313 000	349 000
Total Current Debt	5 282 000	8 452 000	108 800 000	111 307 000
Total Equity and Debt	1 096 236 000	1 084 387 000	978 133 000	684 741 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 422 000	668 000	260 000	0
Other Income	0	33 000	20 000	30 000
Revenue	1 422 000	701 000	280 000	30 000
Cost of Goods Sold	1 434 000	0	0	0
Salary Costs	895 000	851 000	313 000	0
Depreciation	3 000	0	0	0
Impairment	0	0	0	0
Expenditure	3 637 000	5 134 000	1 935 000	1 619 000
Operating Profit	−2 215 000	−4 434 000	−1 655 000	−1 589 000
Financial Income	144 026 000	216 782 000	34 412 000	60 024 000
Financial Costs	25 957 000	4 925 000	13 941 000	7 507 000
Financial Balance	118 069 000	211 857 000	20 471 000	52 517 000
Dividends	0	0	0	0
Net Income	114 810 000	206 916 000	18 191 000	49 928 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	61 000	0	0
Real Eastate	2 501 000	2 501 000	52 732 000	2 501 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 319 000	4 211 000	4 211 000	3 500 000
Total Tangible Assets	6 819 000	6 712 000	56 943 000	6 001 000
Total Fiancial Fixed Assets	285 940 000	377 291 000	321 403 000	191 733 000
Total Fixed Assets	292 759 000	384 063 000	378 346 000	197 734 000
Stock	0	0	0	0
Total Investments	719 748 000	673 002 000	588 839 000	482 259 000
Cash, Bank	60 476 000	25 502 000	5 853 000	1 254 000
Total Current Assets	803 477 000	700 324 000	599 787 000	487 007 000
Total Assets	1 096 236 000	1 084 387 000	978 133 000	684 741 000
Total Equity	1 090 745 000	1 075 935 000	869 020 000	573 085 000
Short-Term Group Debt	4 889 000	4 526 000	108 009 000	105 237 000
Total Long-Term Debt	209 000	0	313 000	349 000
Creditors	156 000	3 778 000	48 000	5 299 000
Unpaid Taxes	43 000	64 000	81 000	0
Dividends	0	0	0	0
Other Current Debt	194 000	84 000	662 000	6 000
Total Current Debt	5 282 000	8 452 000	108 800 000	111 307 000
Total Equity and Debt	1 096 236 000	1 084 387 000	978 133 000	684 741 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,53 %	19,23 %	2,09 %	8,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−155,77 %	−632,52 %	−591,07 %	−5 296,67 %
Current Ratio	152,12	82,86	5,51	4,38
Quick Ratio	152,12	82,86	5,51	4,38
Equity Ratio	0,99	0,99	0,89	0,84
Gross Profit Margin	−0,84 %	100 %	100 %	100 %