TORE W. SOLUM HOLDING AS

3124 TØNSBERG

Finances

Return on Equity

−9,92 %

Current Ratio

2,02

Debt-to-Equity Ratio

0,79

Key figures (NOK)	2022	2021	2019
Revenue	42 584 000	39 850 000	0
Net Income	−5 240 000	−7 503 000	423 000
Total Assets	133 532 000	124 185 000	176 601 000
Total Equity	52 846 000	65 594 000	49 711 000

Income (NOK)	2022	2021	2019
Revenue	42 584 000	39 850 000	0
Expenditure	47 048 000	46 214 000	34 000
Operating Profit	−4 464 000	−6 364 000	−34 000
Financial Income	5 000	1 000	458 000
Financial Costs	2 226 000	3 060 000	0
Financial Balance	−2 221 000	−3 059 000	458 000
Earnings Before Tax	−6 685 000	−9 423 000	423 000
Tax	−1 444 000	−1 920 000	0
Net Income	−5 240 000	−7 503 000	423 000

Balance (NOK)	2022	2021	2019
Total Fixed Assets	55 034 000	55 162 000	42 695 000
Total Current Assets	78 498 000	69 022 000	133 906 000
Total Assets	133 532 000	124 185 000	176 601 000
Total Retained Equity	22 218 000	28 637 000	12 755 000
Total Equity	52 846 000	65 594 000	49 711 000
Total Long-Term Debt	41 748 000	44 163 000	57 784 000
Total Current Debt	38 938 000	14 427 000	69 105 000
Total Equity and Debt	133 532 000	124 185 000	176 601 000

Cash flow (NOK)	2022	2021	2019
Sales Income	38 477 000	36 313 000	0
Other Income	4 106 000	3 537 000	0
Revenue	42 584 000	39 850 000	0
Cost of Goods Sold	31 205 000	33 905 000	0
Salary Costs	9 404 000	7 101 000	0
Depreciation	3 035 000	2 590 000	0
Impairment	0	0	0
Expenditure	47 048 000	46 214 000	34 000
Operating Profit	−4 464 000	−6 364 000	−34 000
Financial Income	5 000	1 000	458 000
Financial Costs	2 226 000	3 060 000	0
Financial Balance	−2 221 000	−3 059 000	458 000
Dividends	0	0	5 690 000
Net Income	−5 240 000	−7 503 000	423 000

Balance details (NOK)	2022	2021	2019
Goodwill	0	0	0
Total Intangible Assets	469 000	0	0
Real Eastate	53 361 000	54 141 000	40 658 000
Machinery and Plant Facilities	0	0	0
Fixtures	1 204 000	828 000	843 000
Total Tangible Assets	54 565 000	54 969 000	41 501 000
Total Fiancial Fixed Assets	0	194 000	1 194 000
Total Fixed Assets	55 034 000	55 162 000	42 695 000
Stock	41 024 000	33 832 000	61 303 000
Total Investments	0	0	0
Cash, Bank	253 000	34 384 000	8 405 000
Total Current Assets	78 498 000	69 022 000	133 906 000
Total Assets	133 532 000	124 185 000	176 601 000
Total Equity	52 846 000	65 594 000	49 711 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	41 748 000	44 163 000	57 784 000
Creditors	11 589 000	296 000	9 946 000
Unpaid Taxes	503 000	1 106 000	649 000
Dividends	0	0	5 690 000
Other Current Debt	2 574 000	656 000	8 937 000
Total Current Debt	38 938 000	14 427 000	69 105 000
Total Equity and Debt	133 532 000	124 185 000	176 601 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,92 %	−11,44 %	-	0,85 %
Debt-to-Equity Ratio	0,79	0,67	-	1,16
Operating Profit Margin	−10,48 %	−15,97 %	-	-
Current Ratio	2,02	4,78	-	1,94
Quick Ratio	−37,63	−3,56	-	17,16
Equity Ratio	0,4	0,53	-	0,28
Gross Profit Margin	26,72 %	14,92 %	-	-