SOLVANG/NORHEIM INVEST AS

5106 ØVRE ERVIK

Finances

Return on Equity

−20,44 %

Current Ratio

1,04

Debt-to-Equity Ratio

8,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 356 000	1 617 000	1 468 000	1 501 000
Net Income	−396 000	126 000	−401 000	−299 000
Total Assets	20 514 000	21 194 000	21 059 000	24 318 000
Total Equity	1 937 000	2 333 000	2 207 000	2 608 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 356 000	1 617 000	1 468 000	1 501 000
Expenditure	1 136 000	930 000	1 277 000	1 078 000
Operating Profit	220 000	687 000	192 000	423 000
Financial Income	17 000	18 000	2 000	20 000
Financial Costs	746 000	542 000	709 000	825 000
Financial Balance	−729 000	−524 000	−707 000	−805 000
Earnings Before Tax	−508 000	163 000	−515 000	−383 000
Tax	−112 000	37 000	−114 000	−84 000
Net Income	−396 000	126 000	−401 000	−299 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 255 000	18 338 000	18 421 000	22 635 000
Total Current Assets	2 258 000	2 856 000	2 637 000	1 682 000
Total Assets	20 514 000	21 194 000	21 059 000	24 318 000
Total Retained Equity	1 837 000	2 233 000	2 107 000	2 508 000
Total Equity	1 937 000	2 333 000	2 207 000	2 608 000
Total Long-Term Debt	16 412 000	16 686 000	16 713 000	19 497 000
Total Current Debt	2 165 000	2 175 000	2 139 000	2 212 000
Total Equity and Debt	20 514 000	21 194 000	21 059 000	24 318 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	866 000	1 036 000	1 017 000	0
Other Income	490 000	581 000	451 000	1 501 000
Revenue	1 356 000	1 617 000	1 468 000	1 501 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	26 000	51 000	0
Depreciation	83 000	83 000	91 000	91 000
Impairment	0	0	0	0
Expenditure	1 136 000	930 000	1 277 000	1 078 000
Operating Profit	220 000	687 000	192 000	423 000
Financial Income	17 000	18 000	2 000	20 000
Financial Costs	746 000	542 000	709 000	825 000
Financial Balance	−729 000	−524 000	−707 000	−805 000
Dividends	0	0	0	0
Net Income	−396 000	126 000	−401 000	−299 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	18 225 000	18 308 000	18 391 000	22 635 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	18 225 000	18 308 000	18 391 000	22 635 000
Total Fiancial Fixed Assets	30 000	30 000	30 000	0
Total Fixed Assets	18 255 000	18 338 000	18 421 000	22 635 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 660 000	2 112 000	1 774 000	1 477 000
Total Current Assets	2 258 000	2 856 000	2 637 000	1 682 000
Total Assets	20 514 000	21 194 000	21 059 000	24 318 000
Total Equity	1 937 000	2 333 000	2 207 000	2 608 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 412 000	16 686 000	16 713 000	19 497 000
Creditors	200 000	172 000	164 000	200 000
Unpaid Taxes	0	0	27 000	0
Dividends	0	0	0	0
Other Current Debt	1 965 000	1 939 000	1 946 000	2 012 000
Total Current Debt	2 165 000	2 175 000	2 139 000	2 212 000
Total Equity and Debt	20 514 000	21 194 000	21 059 000	24 318 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,44 %	5,4 %	−18,17 %	−11,46 %
Debt-to-Equity Ratio	8,47	7,15	7,57	7,48
Operating Profit Margin	16,22 %	42,49 %	13,08 %	28,18 %
Current Ratio	1,04	1,31	1,23	0,76
Quick Ratio	1,04	1,31	1,23	0,76
Equity Ratio	0,09	0,11	0,1	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %