SOLVTECH AS

1746 SKJEBERG

Finances

Share Ownership

Return on Equity

0 %

Current Ratio

0,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 000	147 000	96 000	58 000
Net Income	0	12 000	12 000	5 000
Total Assets	348 000	352 000	344 000	322 000
Total Equity	155 000	155 000	143 000	131 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 000	147 000	96 000	58 000
Expenditure	2 000	132 000	81 000	52 000
Operating Profit	−1 000	15 000	15 000	6 000
Financial Income	1 000	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	1 000
Earnings Before Tax	0	16 000	15 000	6 000
Tax	0	3 000	3 000	1 000
Net Income	0	12 000	12 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	181 000	181 000	184 000	188 000
Total Current Assets	167 000	172 000	160 000	135 000
Total Assets	348 000	352 000	344 000	322 000
Total Retained Equity	0	55 000	0	0
Total Equity	155 000	155 000	143 000	131 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	194 000	197 000	201 000	191 000
Total Equity and Debt	348 000	352 000	344 000	322 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 000	147 000	96 000	58 000
Other Income	0	0	0	0
Revenue	1 000	147 000	96 000	58 000
Cost of Goods Sold	1 000	132 000	81 000	52 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 000	132 000	81 000	52 000
Operating Profit	−1 000	15 000	15 000	6 000
Financial Income	1 000	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	1 000
Dividends	0	0	0	0
Net Income	0	12 000	12 000	5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	12 000	16 000	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	168 000	168 000	168 000	168 000
Fixtures	0	0	0	0
Total Tangible Assets	168 000	168 000	168 000	168 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	181 000	181 000	184 000	188 000
Stock	1 000	2 000	3 000	20 000
Total Investments	0	0	0	0
Cash, Bank	165 000	169 000	62 000	42 000
Total Current Assets	167 000	172 000	160 000	135 000
Total Assets	348 000	352 000	344 000	322 000
Total Equity	155 000	155 000	143 000	131 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	133 000	133 000	133 000	133 000
Unpaid Taxes	0	4 000	8 000	−2 000
Dividends	0	0	0	0
Other Current Debt	60 000	60 000	60 000	60 000
Total Current Debt	194 000	197 000	201 000	191 000
Total Equity and Debt	348 000	352 000	344 000	322 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0 %	7,74 %	8,39 %	3,82 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−100 %	10,2 %	15,63 %	10,34 %
Current Ratio	0,86	0,87	0,8	0,71
Quick Ratio	0,87	0,88	0,81	0,79
Equity Ratio	0,45	0,44	0,42	0,41
Gross Profit Margin	0 %	10,2 %	15,63 %	10,34 %