SOLVANG MARITIME AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

10,27 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	39 000	405 000	405 000	380 000
Net Income	49 000	579 000	−1 623 000	545 000
Total Assets	3 781 000	21 414 000	27 763 000	48 267 000
Total Equity	477 000	4 670 000	4 091 000	4 098 000

Income (USD)	2022	2021	2020	2019
Revenue	39 000	405 000	405 000	380 000
Expenditure	27 000	268 000	299 000	251 000
Operating Profit	13 000	137 000	106 000	130 000
Financial Income	72 000	620 000	35 000	589 000
Financial Costs	7 000	13 000	2 221 000	19 000
Financial Balance	65 000	607 000	−2 186 000	570 000
Earnings Before Tax	77 000	744 000	−2 079 000	700 000
Tax	29 000	166 000	−456 000	155 000
Net Income	49 000	579 000	−1 623 000	545 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	1 127 000
Total Current Assets	3 781 000	21 414 000	27 763 000	47 140 000
Total Assets	3 781 000	21 414 000	27 763 000	48 267 000
Total Retained Equity	−252 000	−3 464 000	−4 042 000	−2 419 000
Total Equity	477 000	4 670 000	4 091 000	4 098 000
Total Long-Term Debt	0	0	0	1 127 000
Total Current Debt	3 305 000	16 745 000	23 671 000	43 042 000
Total Equity and Debt	3 781 000	21 414 000	27 763 000	48 267 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	39 000	405 000	405 000	380 000
Other Income	0	0	0	0
Revenue	39 000	405 000	405 000	380 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	27 000	268 000	299 000	251 000
Operating Profit	13 000	137 000	106 000	130 000
Financial Income	72 000	620 000	35 000	589 000
Financial Costs	7 000	13 000	2 221 000	19 000
Financial Balance	65 000	607 000	−2 186 000	570 000
Dividends	0	0	0	0
Net Income	49 000	579 000	−1 623 000	545 000

Balance details (USD)	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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	1 127 000
Total Fixed Assets	0	0	0	1 127 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	201 000	3 878 000	5 754 000	17 158 000
Total Current Assets	3 781 000	21 414 000	27 763 000	47 140 000
Total Assets	3 781 000	21 414 000	27 763 000	48 267 000
Total Equity	477 000	4 670 000	4 091 000	4 098 000
Short-Term Group Debt	1 994 000	1 851 000	7 717 000	28 093 000
Total Long-Term Debt	0	0	0	1 127 000
Creditors	178 000	1 234 000	2 399 000	2 685 000
Unpaid Taxes	319 000	3 481 000	3 851 000	4 129 000
Dividends	0	0	0	0
Other Current Debt	813 000	10 013 000	9 704 000	7 981 000
Total Current Debt	3 305 000	16 745 000	23 671 000	43 042 000
Total Equity and Debt	3 781 000	21 414 000	27 763 000	48 267 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,27 %	12,4 %	−39,67 %	13,3 %
Debt-to-Equity Ratio	0	0	0	0,28
Operating Profit Margin	33,33 %	33,83 %	26,17 %	34,21 %
Current Ratio	1,14	1,28	1,17	1,1
Quick Ratio	1,14	1,28	1,17	1,1
Equity Ratio	0,13	0,22	0,15	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %