H2 SOLSIDEN AS

7042 TRONDHEIM

Finances

Share Ownership

Return on Equity

179 %

Current Ratio

1,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 122 000	4 754 000	4 103 000	4 249 000
Net Income	179 000	404 000	349 000	446 000
Total Assets	1 889 000	1 722 000	1 521 000	1 783 000
Total Equity	100 000	97 000	476 000	627 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 122 000	4 754 000	4 103 000	4 249 000
Expenditure	3 912 000	4 236 000	3 656 000	3 682 000
Operating Profit	210 000	517 000	447 000	566 000
Financial Income	22 000	3 000	6 000	15 000
Financial Costs	0	1 000	2 000	8 000
Financial Balance	22 000	2 000	4 000	7 000
Earnings Before Tax	231 000	519 000	451 000	574 000
Tax	52 000	115 000	102 000	128 000
Net Income	179 000	404 000	349 000	446 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	39 000	54 000	34 000
Total Current Assets	1 855 000	1 682 000	1 467 000	1 749 000
Total Assets	1 889 000	1 722 000	1 521 000	1 783 000
Total Retained Equity	0	−3 000	376 000	527 000
Total Equity	100 000	97 000	476 000	627 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 789 000	1 625 000	1 045 000	1 155 000
Total Equity and Debt	1 889 000	1 722 000	1 521 000	1 783 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 122 000	4 751 000	4 103 000	4 249 000
Other Income	0	3 000	0	0
Revenue	4 122 000	4 754 000	4 103 000	4 249 000
Cost of Goods Sold	519 000	705 000	569 000	561 000
Salary Costs	2 611 000	2 790 000	2 359 000	2 349 000
Depreciation	10 000	14 000	30 000	46 000
Impairment	0	0	0	0
Expenditure	3 912 000	4 236 000	3 656 000	3 682 000
Operating Profit	210 000	517 000	447 000	566 000
Financial Income	22 000	3 000	6 000	15 000
Financial Costs	0	1 000	2 000	8 000
Financial Balance	22 000	2 000	4 000	7 000
Dividends	0	0	0	0
Net Income	179 000	404 000	349 000	446 000

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	29 000	39 000	53 000	34 000
Total Tangible Assets	29 000	39 000	53 000	34 000
Total Fiancial Fixed Assets	5 000	0	0	0
Total Fixed Assets	34 000	39 000	54 000	34 000
Stock	87 000	143 000	167 000	144 000
Total Investments	0	0	0	0
Cash, Bank	1 678 000	1 465 000	1 267 000	1 510 000
Total Current Assets	1 855 000	1 682 000	1 467 000	1 749 000
Total Assets	1 889 000	1 722 000	1 521 000	1 783 000
Total Equity	100 000	97 000	476 000	627 000
Short-Term Group Debt	851 000	523 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	79 000	117 000	119 000	194 000
Unpaid Taxes	292 000	334 000	235 000	282 000
Dividends	0	0	0	0
Other Current Debt	565 000	651 000	589 000	551 000
Total Current Debt	1 789 000	1 625 000	1 045 000	1 155 000
Total Equity and Debt	1 889 000	1 722 000	1 521 000	1 783 000

Financial indicators	2022	2021	2020	2019
Return on Equity	179 %	416,49 %	73,32 %	71,13 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,09 %	10,88 %	10,89 %	13,32 %
Current Ratio	1,04	1,04	1,4	1,51
Quick Ratio	1,09	1,13	1,67	1,73
Equity Ratio	0,05	0,06	0,31	0,35
Gross Profit Margin	87,41 %	85,17 %	86,13 %	86,8 %