SOLSTAD CONSTRUCTION AS

4280 SKUDENESHAVN

Finances

Share Ownership

Return on Equity

2,35 %

Current Ratio

0,5

Debt-to-Equity Ratio

−3,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	149 668 000	329 134 000	257 040 000	733 132 000
Net Income	−4 107 000	−1 880 000	−380 846 000	−71 877 000
Total Assets	898 738 000	1 446 494 000	2 090 195 000	2 276 049 000
Total Equity	−174 711 000	−310 987 000	−309 106 000	71 740 000

Income (NOK)	2022	2021	2020	2019
Revenue	149 668 000	329 134 000	257 040 000	733 132 000
Expenditure	84 897 000	257 338 000	610 454 000	329 567 000
Operating Profit	64 771 000	71 795 000	−353 413 000	73 996 000
Financial Income	−1 047 000	3 093 000	16 690 000	−14 971 000
Financial Costs	67 831 000	76 961 000	41 907 000	85 341 000
Financial Balance	−68 878 000	−73 868 000	−25 217 000	−100 312 000
Earnings Before Tax	−4 107 000	−2 073 000	−378 630 000	−63 314 000
Tax	0	−192 000	2 216 000	8 564 000
Net Income	−4 107 000	−1 880 000	−380 846 000	−71 877 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	692 369 000	1 206 156 000	1 836 804 000	1 879 004 000
Total Current Assets	206 368 000	240 339 000	253 390 000	397 046 000
Total Assets	898 738 000	1 446 494 000	2 090 195 000	2 276 049 000
Total Retained Equity	−386 834 000	−382 726 000	−380 846 000	0
Total Equity	−174 711 000	−310 987 000	−309 106 000	71 740 000
Total Long-Term Debt	662 849 000	1 238 487 000	1 808 570 000	372 100 000
Total Current Debt	410 600 000	518 994 000	590 731 000	1 832 209 000
Total Equity and Debt	898 738 000	1 446 494 000	2 090 195 000	2 276 049 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	149 610 000	312 835 000	256 440 000	366 402 000
Other Income	58 000	16 299 000	600 000	164 000
Revenue	149 668 000	329 134 000	257 040 000	733 132 000
Cost of Goods Sold	0	0	0	0
Salary Costs	36 558 000	89 430 000	109 052 000	100 147 000
Depreciation	34 637 000	92 751 000	142 950 000	96 290 000
Impairment	0	0	0	0
Expenditure	84 897 000	257 338 000	610 454 000	329 567 000
Operating Profit	64 771 000	71 795 000	−353 413 000	73 996 000
Financial Income	−1 047 000	3 093 000	16 690 000	−14 971 000
Financial Costs	67 831 000	76 961 000	41 907 000	85 341 000
Financial Balance	−68 878 000	−73 868 000	−25 217 000	−100 312 000
Dividends	0	0	0	0
Net Income	−4 107 000	−1 880 000	−380 846 000	−71 877 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	648 145 000	1 082 976 000	1 836 740 000	1 878 940 000
Total Fiancial Fixed Assets	44 225 000	123 180 000	64 000	64 000
Total Fixed Assets	692 369 000	1 206 156 000	1 836 804 000	1 879 004 000
Stock	3 443 000	4 274 000	13 143 000	12 872 000
Total Investments	0	0	0	0
Cash, Bank	135 809 000	155 170 000	162 267 000	97 836 000
Total Current Assets	206 368 000	240 339 000	253 390 000	397 046 000
Total Assets	898 738 000	1 446 494 000	2 090 195 000	2 276 049 000
Total Equity	−174 711 000	−310 987 000	−309 106 000	71 740 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	662 849 000	1 238 487 000	1 808 570 000	372 100 000
Creditors	5 061 000	8 396 000	16 433 000	50 389 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	405 540 000	510 598 000	574 105 000	164 968 000
Total Current Debt	410 600 000	518 994 000	590 731 000	1 832 209 000
Total Equity and Debt	898 738 000	1 446 494 000	2 090 195 000	2 276 049 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,35 %	0,6 %	123,21 %	−100,19 %
Debt-to-Equity Ratio	−3,79	−3,98	−5,85	5,19
Operating Profit Margin	43,28 %	21,81 %	−137,49 %	10,09 %
Current Ratio	0,5	0,46	0,43	0,22
Quick Ratio	0,51	0,47	0,44	0,22
Equity Ratio	−0,19	−0,21	−0,15	0,03
Gross Profit Margin	100 %	100 %	100 %	100 %