SOLFARET AS

1170 OSLO

Finances

Return on Equity

107,15 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0,62

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	0	0	0
Net Income	−10 400 000	6 626 000	−564 000	−553 000
Total Assets	5 359 000	22 508 000	15 404 000	15 401 000
Total Equity	−9 706 000	694 000	−5 932 000	−5 368 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	0	0	0
Expenditure	31 000	178 000	27 000	34 000
Operating Profit	−31 000	−178 000	−27 000	−34 000
Financial Income	353 000	7 149 000	0	0
Financial Costs	10 722 000	345 000	537 000	519 000
Financial Balance	−10 369 000	6 804 000	−537 000	−519 000
Earnings Before Tax	−10 400 000	6 626 000	−564 000	−553 000
Tax	0	0	0	0
Net Income	−10 400 000	6 626 000	−564 000	−553 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	5 000 000	15 400 000	15 400 000	15 400 000
Total Current Assets	359 000	7 108 000	4 000	1 000
Total Assets	5 359 000	22 508 000	15 404 000	15 401 000
Total Retained Equity	−10 273 000	127 000	−6 499 000	−5 935 000
Total Equity	−9 706 000	694 000	−5 932 000	−5 368 000
Total Long-Term Debt	6 001 000	14 163 000	21 070 000	20 472 000
Total Current Debt	9 064 000	7 651 000	267 000	296 000
Total Equity and Debt	5 359 000	22 508 000	15 404 000	15 401 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	31 000	178 000	27 000	34 000
Operating Profit	−31 000	−178 000	−27 000	−34 000
Financial Income	353 000	7 149 000	0	0
Financial Costs	10 722 000	345 000	537 000	519 000
Financial Balance	−10 369 000	6 804 000	−537 000	−519 000
Dividends	0	0	0	0
Net Income	−10 400 000	6 626 000	−564 000	−553 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Fiancial Fixed Assets	5 000 000	15 400 000	15 400 000	15 400 000
Total Fixed Assets	5 000 000	15 400 000	15 400 000	15 400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 000	2 000	4 000	0
Total Current Assets	359 000	7 108 000	4 000	1 000
Total Assets	5 359 000	22 508 000	15 404 000	15 401 000
Total Equity	−9 706 000	694 000	−5 932 000	−5 368 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 001 000	14 163 000	21 070 000	20 472 000
Creditors	3 000	3 000	3 000	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	9 062 000	7 649 000	264 000	294 000
Total Current Debt	9 064 000	7 651 000	267 000	296 000
Total Equity and Debt	5 359 000	22 508 000	15 404 000	15 401 000

Financial indicators	2021	2020	2019	2018
Return on Equity	107,15 %	954,76 %	9,51 %	10,3 %
Debt-to-Equity Ratio	−0,62	20,41	−3,55	−3,81
Operating Profit Margin	-	-	-	-
Current Ratio	0,04	0,93	0,01	0
Quick Ratio	0,04	0,93	0,01	0
Equity Ratio	−1,81	0,03	−0,39	−0,35
Gross Profit Margin	-	-	-	-