SOLEM SAG AS

6653 ØVRE SURNADAL

Finances

Return on Equity

22,34 %

Current Ratio

3,01

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 471 000	14 177 000	11 664 000	8 737 000
Net Income	2 088 000	1 588 000	1 589 000	−123 000
Total Assets	15 964 000	13 791 000	11 058 000	10 150 000
Total Equity	9 345 000	7 257 000	6 369 000	4 781 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 471 000	14 177 000	11 664 000	8 737 000
Expenditure	14 711 000	12 094 000	9 617 000	8 667 000
Operating Profit	2 761 000	2 082 000	2 047 000	70 000
Financial Income	22 000	16 000	17 000	12 000
Financial Costs	106 000	103 000	123 000	204 000
Financial Balance	−84 000	−87 000	−106 000	−192 000
Earnings Before Tax	2 677 000	1 995 000	1 941 000	−123 000
Tax	589 000	407 000	352 000	0
Net Income	2 088 000	1 588 000	1 589 000	−123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 157 000	5 567 000	3 686 000	3 841 000
Total Current Assets	10 807 000	8 224 000	7 372 000	6 309 000
Total Assets	15 964 000	13 791 000	11 058 000	10 150 000
Total Retained Equity	9 045 000	6 957 000	6 069 000	4 481 000
Total Equity	9 345 000	7 257 000	6 369 000	4 781 000
Total Long-Term Debt	3 028 000	3 187 000	3 222 000	3 406 000
Total Current Debt	3 592 000	3 347 000	1 467 000	1 964 000
Total Equity and Debt	15 964 000	13 791 000	11 058 000	10 150 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 447 000	14 139 000	11 643 000	8 737 000
Other Income	24 000	38 000	20 000	0
Revenue	17 471 000	14 177 000	11 664 000	8 737 000
Cost of Goods Sold	8 210 000	6 558 000	5 342 000	4 546 000
Salary Costs	3 255 000	2 923 000	2 160 000	2 225 000
Depreciation	550 000	379 000	220 000	231 000
Impairment	0	0	0	0
Expenditure	14 711 000	12 094 000	9 617 000	8 667 000
Operating Profit	2 761 000	2 082 000	2 047 000	70 000
Financial Income	22 000	16 000	17 000	12 000
Financial Costs	106 000	103 000	123 000	204 000
Financial Balance	−84 000	−87 000	−106 000	−192 000
Dividends	0	0	0	0
Net Income	2 088 000	1 588 000	1 589 000	−123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	55 000	55 000	55 000	55 000
Real Eastate	1 609 000	1 575 000	1 677 000	1 779 000
Machinery and Plant Facilities	1 000	4 000	9 000	18 000
Fixtures	3 488 000	3 929 000	1 941 000	1 986 000
Total Tangible Assets	5 098 000	5 508 000	3 627 000	3 782 000
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	5 157 000	5 567 000	3 686 000	3 841 000
Stock	4 063 000	3 983 000	3 371 000	3 368 000
Total Investments	0	0	0	0
Cash, Bank	3 735 000	1 485 000	2 941 000	2 539 000
Total Current Assets	10 807 000	8 224 000	7 372 000	6 309 000
Total Assets	15 964 000	13 791 000	11 058 000	10 150 000
Total Equity	9 345 000	7 257 000	6 369 000	4 781 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 028 000	3 187 000	3 222 000	3 406 000
Creditors	2 347 000	2 465 000	564 000	646 000
Unpaid Taxes	152 000	175 000	219 000	82 000
Dividends	0	0	0	0
Other Current Debt	511 000	436 000	331 000	1 236 000
Total Current Debt	3 592 000	3 347 000	1 467 000	1 964 000
Total Equity and Debt	15 964 000	13 791 000	11 058 000	10 150 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,34 %	21,88 %	24,95 %	−2,57 %
Debt-to-Equity Ratio	0,32	0,44	0,51	0,71
Operating Profit Margin	15,8 %	14,69 %	17,55 %	0,8 %
Current Ratio	3,01	2,46	5,03	3,21
Quick Ratio	−22,94	−12,93	−3,87	−4,49
Equity Ratio	0,59	0,53	0,58	0,47
Gross Profit Margin	53,01 %	53,74 %	54,2 %	47,97 %