SOLUND VERFT AS

6924 HARDBAKKE

Finances

Share Ownership

Return on Equity

−26,11 %

Current Ratio

1,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	49 243 000	41 210 000	45 083 000	69 291 000
Net Income	−2 939 000	−3 945 000	−43 000	6 121 000
Total Assets	32 690 000	25 955 000	27 067 000	29 309 000
Total Equity	11 258 000	13 696 000	13 597 000	11 789 000

Income (NOK)	2022	2021	2020	2019
Revenue	49 243 000	41 210 000	45 083 000	69 291 000
Expenditure	53 087 000	46 286 000	45 026 000	60 832 000
Operating Profit	−3 845 000	−5 077 000	56 000	8 460 000
Financial Income	147 000	148 000	90 000	145 000
Financial Costs	40 000	127 000	199 000	754 000
Financial Balance	107 000	21 000	−109 000	−609 000
Earnings Before Tax	−3 738 000	−5 056 000	−52 000	7 851 000
Tax	−798 000	−1 112 000	−9 000	1 729 000
Net Income	−2 939 000	−3 945 000	−43 000	6 121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 364 000	3 826 000	4 994 000	2 811 000
Total Current Assets	29 326 000	22 129 000	22 074 000	26 498 000
Total Assets	32 690 000	25 955 000	27 067 000	29 309 000
Total Retained Equity	0	2 133 000	7 930 000	6 121 000
Total Equity	11 258 000	13 696 000	13 597 000	11 789 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	21 432 000	12 259 000	13 470 000	17 520 000
Total Equity and Debt	32 690 000	25 955 000	27 067 000	29 309 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 243 000	41 192 000	45 059 000	69 255 000
Other Income	0	17 000	24 000	37 000
Revenue	49 243 000	41 210 000	45 083 000	69 291 000
Cost of Goods Sold	24 981 000	20 292 000	15 537 000	31 702 000
Salary Costs	18 255 000	16 216 000	17 200 000	17 295 000
Depreciation	1 118 000	1 139 000	1 094 000	1 129 000
Impairment	0	0	0	0
Expenditure	53 087 000	46 286 000	45 026 000	60 832 000
Operating Profit	−3 845 000	−5 077 000	56 000	8 460 000
Financial Income	147 000	148 000	90 000	145 000
Financial Costs	40 000	127 000	199 000	754 000
Financial Balance	107 000	21 000	−109 000	−609 000
Dividends	0	0	0	0
Net Income	−2 939 000	−3 945 000	−43 000	6 121 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 026 000	369 000	398 000	911 000
Real Eastate	148 000	213 000	278 000	344 000
Machinery and Plant Facilities	2 190 000	3 244 000	4 318 000	1 557 000
Fixtures	0	0	0	0
Total Tangible Assets	2 338 000	3 457 000	4 596 000	1 900 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 364 000	3 826 000	4 994 000	2 811 000
Stock	18 656 000	2 514 000	3 053 000	3 352 000
Total Investments	0	0	0	0
Cash, Bank	286 000	8 544 000	3 813 000	11 038 000
Total Current Assets	29 326 000	22 129 000	22 074 000	26 498 000
Total Assets	32 690 000	25 955 000	27 067 000	29 309 000
Total Equity	11 258 000	13 696 000	13 597 000	11 789 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 716 000	6 453 000	5 445 000	7 084 000
Unpaid Taxes	1 227 000	1 020 000	1 196 000	1 047 000
Dividends	0	0	0	0
Other Current Debt	10 369 000	4 785 000	6 829 000	7 840 000
Total Current Debt	21 432 000	12 259 000	13 470 000	17 520 000
Total Equity and Debt	32 690 000	25 955 000	27 067 000	29 309 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,11 %	−28,8 %	−0,32 %	51,92 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−7,81 %	−12,32 %	0,12 %	12,21 %
Current Ratio	1,37	1,81	1,64	1,51
Quick Ratio	10,56	2,27	2,12	1,87
Equity Ratio	0,34	0,53	0,5	0,4
Gross Profit Margin	49,27 %	50,76 %	65,54 %	54,25 %