SOLVANG ENGINEERING & CONSTRUCTION AS

3150 TOLVSRØD

Finances

Return on Equity

40,82 %

Current Ratio

2,7

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 767 000	3 464 000	3 750 000	3 815 000
Net Income	1 121 000	537 000	977 000	1 107 000
Total Assets	6 580 000	5 551 000	2 581 000	1 928 000
Total Equity	2 746 000	1 625 000	1 088 000	412 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 767 000	3 464 000	3 750 000	3 815 000
Expenditure	3 052 000	2 658 000	2 486 000	2 391 000
Operating Profit	1 715 000	806 000	1 264 000	1 423 000
Financial Income	12 000	0	384 000	3 000
Financial Costs	290 000	118 000	391 000	5 000
Financial Balance	−278 000	−118 000	−7 000	−2 000
Earnings Before Tax	1 437 000	689 000	1 257 000	1 422 000
Tax	316 000	152 000	280 000	315 000
Net Income	1 121 000	537 000	977 000	1 107 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	988 000	4 241 000	665 000	253 000
Total Current Assets	5 592 000	1 311 000	1 916 000	1 675 000
Total Assets	6 580 000	5 551 000	2 581 000	1 928 000
Total Retained Equity	2 646 000	1 525 000	988 000	312 000
Total Equity	2 746 000	1 625 000	1 088 000	412 000
Total Long-Term Debt	1 764 000	2 913 000	554 000	0
Total Current Debt	2 070 000	1 014 000	939 000	1 517 000
Total Equity and Debt	6 580 000	5 551 000	2 581 000	1 928 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 585 000	3 464 000	3 750 000	3 815 000
Other Income	182 000	0	0	0
Revenue	4 767 000	3 464 000	3 750 000	3 815 000
Cost of Goods Sold	226 000	146 000	0	0
Salary Costs	1 589 000	2 070 000	1 984 000	1 849 000
Depreciation	198 000	129 000	27 000	2 000
Impairment	0	0	0	0
Expenditure	3 052 000	2 658 000	2 486 000	2 391 000
Operating Profit	1 715 000	806 000	1 264 000	1 423 000
Financial Income	12 000	0	384 000	3 000
Financial Costs	290 000	118 000	391 000	5 000
Financial Balance	−278 000	−118 000	−7 000	−2 000
Dividends	0	0	300 000	1 668 000
Net Income	1 121 000	537 000	977 000	1 107 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	23 000	31 000	86 000
Real Eastate	0	3 383 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	658 000	505 000	634 000	111 000
Total Tangible Assets	658 000	3 888 000	634 000	111 000
Total Fiancial Fixed Assets	330 000	330 000	0	56 000
Total Fixed Assets	988 000	4 241 000	665 000	253 000
Stock	3 650 000	124 000	124 000	0
Total Investments	0	0	0	0
Cash, Bank	249 000	263 000	1 190 000	701 000
Total Current Assets	5 592 000	1 311 000	1 916 000	1 675 000
Total Assets	6 580 000	5 551 000	2 581 000	1 928 000
Total Equity	2 746 000	1 625 000	1 088 000	412 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 764 000	2 913 000	554 000	0
Creditors	299 000	8 000	27 000	27 000
Unpaid Taxes	93 000	344 000	223 000	277 000
Dividends	0	0	300 000	1 668 000
Other Current Debt	313 000	185 000	165 000	179 000
Total Current Debt	2 070 000	1 014 000	939 000	1 517 000
Total Equity and Debt	6 580 000	5 551 000	2 581 000	1 928 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,82 %	33,05 %	89,8 %	268,69 %
Debt-to-Equity Ratio	0,64	1,79	0,51	0
Operating Profit Margin	35,98 %	23,27 %	33,71 %	37,3 %
Current Ratio	2,7	1,29	2,04	1,1
Quick Ratio	−3,54	1,47	2,35	1,1
Equity Ratio	0,42	0,29	0,42	0,21
Gross Profit Margin	95,26 %	95,79 %	100 %	100 %