SOLVANG BIL AS

5519 HAUGESUND

Finances

Return on Equity

−348,8 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 266 000	4 611 000	5 226 000	5 990 000
Net Income	−579 000	120 000	32 000	−232 000
Total Assets	643 000	1 192 000	1 123 000	937 000
Total Equity	166 000	846 000	726 000	694 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 266 000	4 611 000	5 226 000	5 990 000
Expenditure	2 362 000	4 500 000	5 045 000	6 277 000
Operating Profit	−96 000	111 000	181 000	−287 000
Financial Income	7 000	284 000	0	0
Financial Costs	513 000	252 000	110 000	9 000
Financial Balance	−506 000	32 000	−110 000	−9 000
Earnings Before Tax	−602 000	143 000	72 000	−296 000
Tax	−23 000	23 000	39 000	−64 000
Net Income	−579 000	120 000	32 000	−232 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	102 000	50 000	73 000	115 000
Total Current Assets	541 000	1 142 000	1 050 000	821 000
Total Assets	643 000	1 192 000	1 123 000	937 000
Total Retained Equity	66 000	745 000	625 000	593 000
Total Equity	166 000	846 000	726 000	694 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	476 000	347 000	397 000	243 000
Total Equity and Debt	643 000	1 192 000	1 123 000	937 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 249 000	4 611 000	5 226 000	5 990 000
Other Income	17 000	0	0	0
Revenue	2 266 000	4 611 000	5 226 000	5 990 000
Cost of Goods Sold	1 279 000	2 847 000	3 720 000	4 841 000
Salary Costs	736 000	1 092 000	905 000	852 000
Depreciation	1 000	0	3 000	102 000
Impairment	0	0	0	0
Expenditure	2 362 000	4 500 000	5 045 000	6 277 000
Operating Profit	−96 000	111 000	181 000	−287 000
Financial Income	7 000	284 000	0	0
Financial Costs	513 000	252 000	110 000	9 000
Financial Balance	−506 000	32 000	−110 000	−9 000
Dividends	100 000	0	0	0
Net Income	−579 000	120 000	32 000	−232 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	72 000	49 000	72 000	111 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	1 000	1 000	4 000
Total Tangible Assets	0	1 000	1 000	4 000
Total Fiancial Fixed Assets	30 000	0	0	0
Total Fixed Assets	102 000	50 000	73 000	115 000
Stock	45 000	195 000	209 000	552 000
Total Investments	222 000	886 000	755 000	0
Cash, Bank	112 000	31 000	27 000	168 000
Total Current Assets	541 000	1 142 000	1 050 000	821 000
Total Assets	643 000	1 192 000	1 123 000	937 000
Total Equity	166 000	846 000	726 000	694 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	95 000	25 000	16 000	23 000
Unpaid Taxes	62 000	67 000	57 000	58 000
Dividends	100 000	0	0	0
Other Current Debt	220 000	111 000	91 000	162 000
Total Current Debt	476 000	347 000	397 000	243 000
Total Equity and Debt	643 000	1 192 000	1 123 000	937 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−348,8 %	14,18 %	4,41 %	−33,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4,24 %	2,41 %	3,46 %	−4,79 %
Current Ratio	1,14	3,29	2,64	3,38
Quick Ratio	1,26	7,51	5,59	−2,66
Equity Ratio	0,26	0,71	0,65	0,74
Gross Profit Margin	43,56 %	38,26 %	28,82 %	19,18 %