SOLSIDEN HVASSER AS

3148 HVASSER

Finances

Share Ownership

Return on Equity

80,3 %

Current Ratio

1,66

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 365 000	5 525 000	5 106 000	4 376 000
Net Income	424 000	167 000	111 000	112 000
Total Assets	1 015 000	996 000	817 000	504 000
Total Equity	528 000	524 000	357 000	246 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 365 000	5 525 000	5 106 000	4 376 000
Expenditure	4 811 000	5 302 000	4 975 000	4 232 000
Operating Profit	553 000	224 000	131 000	140 000
Financial Income	0	0	0	0
Financial Costs	10 000	10 000	11 000	1 000
Financial Balance	−10 000	−10 000	−11 000	−1 000
Earnings Before Tax	544 000	214 000	120 000	140 000
Tax	120 000	47 000	10 000	27 000
Net Income	424 000	167 000	111 000	112 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	354 000	419 000	230 000	86 000
Total Current Assets	661 000	577 000	587 000	418 000
Total Assets	1 015 000	996 000	817 000	504 000
Total Retained Equity	428 000	424 000	257 000	146 000
Total Equity	528 000	524 000	357 000	246 000
Total Long-Term Debt	90 000	120 000	142 000	31 000
Total Current Debt	398 000	352 000	318 000	227 000
Total Equity and Debt	1 015 000	996 000	817 000	504 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 117 000	5 273 000	4 845 000	4 119 000
Other Income	248 000	252 000	261 000	257 000
Revenue	5 365 000	5 525 000	5 106 000	4 376 000
Cost of Goods Sold	1 484 000	1 719 000	1 679 000	1 308 000
Salary Costs	2 196 000	2 447 000	2 160 000	2 192 000
Depreciation	63 000	69 000	43 000	43 000
Impairment	0	0	0	0
Expenditure	4 811 000	5 302 000	4 975 000	4 232 000
Operating Profit	553 000	224 000	131 000	140 000
Financial Income	0	0	0	0
Financial Costs	10 000	10 000	11 000	1 000
Financial Balance	−10 000	−10 000	−11 000	−1 000
Dividends	420 000	0	0	0
Net Income	424 000	167 000	111 000	112 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	3 000	7 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	352 000	416 000	223 000	86 000
Total Tangible Assets	352 000	416 000	223 000	86 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	354 000	419 000	230 000	86 000
Stock	16 000	33 000	20 000	65 000
Total Investments	0	0	0	0
Cash, Bank	490 000	515 000	485 000	337 000
Total Current Assets	661 000	577 000	587 000	418 000
Total Assets	1 015 000	996 000	817 000	504 000
Total Equity	528 000	524 000	357 000	246 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	90 000	120 000	142 000	31 000
Creditors	0	51 000	69 000	3 000
Unpaid Taxes	42 000	20 000	39 000	−5 000
Dividends	420 000	0	0	0
Other Current Debt	237 000	238 000	194 000	201 000
Total Current Debt	398 000	352 000	318 000	227 000
Total Equity and Debt	1 015 000	996 000	817 000	504 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,3 %	31,87 %	31,09 %	45,53 %
Debt-to-Equity Ratio	0,17	0,23	0,4	0,13
Operating Profit Margin	10,31 %	4,05 %	2,57 %	3,2 %
Current Ratio	1,66	1,64	1,85	1,84
Quick Ratio	1,73	1,81	1,97	2,58
Equity Ratio	0,52	0,53	0,44	0,49
Gross Profit Margin	72,34 %	68,89 %	67,12 %	70,11 %