SOLHORISONT AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

3,05 %

Current Ratio

0,39

Debt-to-Equity Ratio

−0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 000	41 000	51 000	77 000
Net Income	−47 000	−105 000	−138 000	−86 000
Total Assets	988 000	1 127 000	1 138 000	1 209 000
Total Equity	−1 541 000	−1 939 000	−1 486 000	−1 333 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 000	41 000	51 000	77 000
Expenditure	38 000	110 000	112 000	112 000
Operating Profit	−25 000	−78 000	−109 000	−48 000
Financial Income	0	0	0	0
Financial Costs	22 000	27 000	29 000	39 000
Financial Balance	−22 000	−27 000	−29 000	−39 000
Earnings Before Tax	−47 000	−105 000	−138 000	−86 000
Tax	0	0	0	0
Net Income	−47 000	−105 000	−138 000	−86 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 000	30 000	33 000	47 000
Total Current Assets	964 000	1 097 000	1 105 000	1 162 000
Total Assets	988 000	1 127 000	1 138 000	1 209 000
Total Retained Equity	−1 842 000	−2 239 000	−1 787 000	−1 634 000
Total Equity	−1 541 000	−1 939 000	−1 486 000	−1 333 000
Total Long-Term Debt	84 000	84 000	240 000	306 000
Total Current Debt	2 445 000	2 982 000	2 384 000	2 235 000
Total Equity and Debt	988 000	1 127 000	1 138 000	1 209 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 000	41 000	51 000	54 000
Other Income	0	0	0	23 000
Revenue	23 000	41 000	51 000	77 000
Cost of Goods Sold	0	3 000	9 000	0
Salary Costs	0	0	0	0
Depreciation	6 000	11 000	13 000	12 000
Impairment	0	0	0	0
Expenditure	38 000	110 000	112 000	112 000
Operating Profit	−25 000	−78 000	−109 000	−48 000
Financial Income	0	0	0	0
Financial Costs	22 000	27 000	29 000	39 000
Financial Balance	−22 000	−27 000	−29 000	−39 000
Dividends	0	0	0	0
Net Income	−47 000	−105 000	−138 000	−86 000

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	25 000	30 000	33 000	47 000
Fixtures	0	0	0	0
Total Tangible Assets	25 000	30 000	33 000	47 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	25 000	30 000	33 000	47 000
Stock	697 000	686 000	697 000	744 000
Total Investments	−144 000	0	0	0
Cash, Bank	1 000	1 000	1 000	1 000
Total Current Assets	964 000	1 097 000	1 105 000	1 162 000
Total Assets	988 000	1 127 000	1 138 000	1 209 000
Total Equity	−1 541 000	−1 939 000	−1 486 000	−1 333 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	84 000	84 000	240 000	306 000
Creditors	5 000	0	2 000	27 000
Unpaid Taxes	−1 000	−3 000	−1 000	−4 000
Dividends	0	0	0	0
Other Current Debt	2 251 000	2 753 000	2 139 000	1 974 000
Total Current Debt	2 445 000	2 982 000	2 384 000	2 235 000
Total Equity and Debt	988 000	1 127 000	1 138 000	1 209 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,05 %	5,42 %	9,29 %	6,45 %
Debt-to-Equity Ratio	−0,05	−0,04	−0,16	−0,23
Operating Profit Margin	−108,7 %	−190,24 %	−213,73 %	−62,34 %
Current Ratio	0,39	0,37	0,46	0,52
Quick Ratio	0,55	0,48	0,66	0,78
Equity Ratio	−1,56	−1,72	−1,31	−1,1
Gross Profit Margin	100 %	92,68 %	82,35 %	100 %