SOLTEQ NORWAY AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

86,88 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 703 000	29 963 000	25 291 000	18 420 000
Net Income	1 251 000	−1 118 000	402 000	395 000
Total Assets	8 476 000	6 462 000	6 522 000	5 902 000
Total Equity	1 440 000	−811 000	307 000	−95 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 703 000	29 963 000	25 291 000	18 420 000
Expenditure	30 067 000	31 383 000	24 779 000	17 918 000
Operating Profit	1 636 000	−1 420 000	513 000	501 000
Financial Income	3 000	15 000	59 000	5 000
Financial Costs	32 000	26 000	56 000	0
Financial Balance	−29 000	−11 000	3 000	5 000
Earnings Before Tax	1 607 000	−1 432 000	515 000	507 000
Tax	356 000	−314 000	113 000	111 000
Net Income	1 251 000	−1 118 000	402 000	395 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	70 000	409 000	38 000	152 000
Total Current Assets	8 406 000	6 053 000	6 484 000	5 750 000
Total Assets	8 476 000	6 462 000	6 522 000	5 902 000
Total Retained Equity	258 000	−993 000	125 000	−277 000
Total Equity	1 440 000	−811 000	307 000	−95 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 036 000	7 273 000	6 215 000	5 996 000
Total Equity and Debt	8 476 000	6 462 000	6 522 000	5 902 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 703 000	29 963 000	25 291 000	18 420 000
Other Income	0	0	0	0
Revenue	31 703 000	29 963 000	25 291 000	18 420 000
Cost of Goods Sold	25 740 000	28 567 000	23 804 000	17 837 000
Salary Costs	3 321 000	2 201 000	629 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	30 067 000	31 383 000	24 779 000	17 918 000
Operating Profit	1 636 000	−1 420 000	513 000	501 000
Financial Income	3 000	15 000	59 000	5 000
Financial Costs	32 000	26 000	56 000	0
Financial Balance	−29 000	−11 000	3 000	5 000
Dividends	0	0	0	0
Net Income	1 251 000	−1 118 000	402 000	395 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	352 000	38 000	152 000
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	70 000	57 000	0	0
Total Fixed Assets	70 000	409 000	38 000	152 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	936 000	1 575 000	1 998 000	1 165 000
Total Current Assets	8 406 000	6 053 000	6 484 000	5 750 000
Total Assets	8 476 000	6 462 000	6 522 000	5 902 000
Total Equity	1 440 000	−811 000	307 000	−95 000
Short-Term Group Debt	5 133 000	5 750 000	4 635 000	3 181 000
Total Long-Term Debt	0	0	0	0
Creditors	33 000	28 000	285 000	447 000
Unpaid Taxes	1 490 000	1 240 000	972 000	897 000
Dividends	0	0	0	0
Other Current Debt	377 000	255 000	323 000	1 471 000
Total Current Debt	7 036 000	7 273 000	6 215 000	5 996 000
Total Equity and Debt	8 476 000	6 462 000	6 522 000	5 902 000

Financial indicators	2022	2021	2020	2019
Return on Equity	86,88 %	137,85 %	130,94 %	−415,79 %
Debt-to-Equity Ratio	0	−0	0	−0
Operating Profit Margin	5,16 %	−4,74 %	2,03 %	2,72 %
Current Ratio	1,19	0,83	1,04	0,96
Quick Ratio	1,19	0,83	1,04	0,96
Equity Ratio	0,17	−0,13	0,05	−0,02
Gross Profit Margin	18,81 %	4,66 %	5,88 %	3,17 %