SOLSTRAND VERFT AS

6393 TOMREFJORD

Finances

Share Ownership

Return on Equity

15,53 %

Current Ratio

2,91

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	66 904 000	76 909 000	106 232 000	81 952 000
Net Income	1 837 000	−1 436 000	2 807 000	3 927 000
Total Assets	27 102 000	26 753 000	28 701 000	33 100 000
Total Equity	11 825 000	9 988 000	10 688 000	10 572 000

Income (NOK)	2022	2021	2020	2019
Revenue	66 904 000	76 909 000	106 232 000	81 952 000
Expenditure	64 531 000	78 679 000	102 520 000	76 760 000
Operating Profit	2 374 000	−1 769 000	3 712 000	5 192 000
Financial Income	212 000	14 000	9 000	42 000
Financial Costs	223 000	75 000	115 000	183 000
Financial Balance	−11 000	−61 000	−106 000	−141 000
Earnings Before Tax	2 362 000	−1 830 000	3 606 000	5 051 000
Tax	525 000	−393 000	799 000	1 124 000
Net Income	1 837 000	−1 436 000	2 807 000	3 927 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 759 000	3 273 000	2 786 000	1 872 000
Total Current Assets	24 343 000	23 480 000	25 915 000	31 228 000
Total Assets	27 102 000	26 753 000	28 701 000	33 100 000
Total Retained Equity	5 145 000	3 308 000	4 744 000	5 837 000
Total Equity	11 825 000	9 988 000	10 688 000	10 572 000
Total Long-Term Debt	6 904 000	6 659 000	3 873 000	3 380 000
Total Current Debt	8 372 000	10 106 000	14 139 000	19 147 000
Total Equity and Debt	27 102 000	26 753 000	28 701 000	33 100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	66 904 000	76 909 000	106 232 000	81 952 000
Other Income	0	0	0	0
Revenue	66 904 000	76 909 000	106 232 000	81 952 000
Cost of Goods Sold	39 171 000	49 548 000	71 228 000	55 202 000
Salary Costs	14 170 000	13 020 000	12 372 000	8 799 000
Depreciation	711 000	634 000	454 000	329 000
Impairment	0	0	0	0
Expenditure	64 531 000	78 679 000	102 520 000	76 760 000
Operating Profit	2 374 000	−1 769 000	3 712 000	5 192 000
Financial Income	212 000	14 000	9 000	42 000
Financial Costs	223 000	75 000	115 000	183 000
Financial Balance	−11 000	−61 000	−106 000	−141 000
Dividends	0	0	0	2 000 000
Net Income	1 837 000	−1 436 000	2 807 000	3 927 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	893 000	969 000	783 000	463 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	249 000	287 000	131 000	172 000
Fixtures	1 617 000	2 017 000	1 872 000	1 237 000
Total Tangible Assets	1 866 000	2 304 000	2 003 000	1 409 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 759 000	3 273 000	2 786 000	1 872 000
Stock	4 546 000	5 611 000	4 731 000	3 657 000
Total Investments	0	0	0	0
Cash, Bank	7 736 000	7 175 000	9 864 000	12 852 000
Total Current Assets	24 343 000	23 480 000	25 915 000	31 228 000
Total Assets	27 102 000	26 753 000	28 701 000	33 100 000
Total Equity	11 825 000	9 988 000	10 688 000	10 572 000
Short-Term Group Debt	0	0	5 000 000	0
Total Long-Term Debt	6 904 000	6 659 000	3 873 000	3 380 000
Creditors	4 476 000	6 005 000	4 724 000	13 502 000
Unpaid Taxes	1 064 000	1 158 000	1 173 000	935 000
Dividends	0	0	0	2 000 000
Other Current Debt	2 385 000	2 943 000	2 882 000	2 335 000
Total Current Debt	8 372 000	10 106 000	14 139 000	19 147 000
Total Equity and Debt	27 102 000	26 753 000	28 701 000	33 100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,53 %	−14,38 %	26,26 %	37,15 %
Debt-to-Equity Ratio	0,58	0,67	0,36	0,32
Operating Profit Margin	3,55 %	−2,3 %	3,49 %	6,34 %
Current Ratio	2,91	2,32	1,83	1,63
Quick Ratio	6,36	5,22	2,75	2,02
Equity Ratio	0,44	0,37	0,37	0,32
Gross Profit Margin	41,45 %	35,58 %	32,95 %	32,64 %