SOLBES AS

8517 NARVIK

Finances

Share Ownership

Return on Equity

38,12 %

Current Ratio

10,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 211 000	2 135 000	5 832 000	5 936 000
Net Income	398 000	−584 000	462 000	335 000
Total Assets	1 151 000	1 652 000	2 555 000	1 069 000
Total Equity	1 044 000	646 000	1 230 000	768 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 211 000	2 135 000	5 832 000	5 936 000
Expenditure	2 730 000	2 715 000	5 298 000	5 602 000
Operating Profit	482 000	−579 000	534 000	334 000
Financial Income	36 000	1 000	8 000	15 000
Financial Costs	120 000	6 000	33 000	14 000
Financial Balance	−84 000	−5 000	−25 000	1 000
Earnings Before Tax	398 000	−584 000	509 000	335 000
Tax	0	0	47 000	0
Net Income	398 000	−584 000	462 000	335 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	88 000	95 000	103 000	83 000
Total Current Assets	1 063 000	1 557 000	2 452 000	987 000
Total Assets	1 151 000	1 652 000	2 555 000	1 069 000
Total Retained Equity	532 000	134 000	718 000	256 000
Total Equity	1 044 000	646 000	1 230 000	768 000
Total Long-Term Debt	1 000	1 000	1 000	0
Total Current Debt	106 000	1 006 000	1 324 000	301 000
Total Equity and Debt	1 151 000	1 652 000	2 555 000	1 069 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 211 000	2 134 000	5 816 000	5 936 000
Other Income	0	2 000	16 000	0
Revenue	3 211 000	2 135 000	5 832 000	5 936 000
Cost of Goods Sold	2 128 000	1 504 000	3 536 000	3 931 000
Salary Costs	405 000	1 028 000	1 435 000	1 175 000
Depreciation	8 000	8 000	2 000	0
Impairment	0	0	0	0
Expenditure	2 730 000	2 715 000	5 298 000	5 602 000
Operating Profit	482 000	−579 000	534 000	334 000
Financial Income	36 000	1 000	8 000	15 000
Financial Costs	120 000	6 000	33 000	14 000
Financial Balance	−84 000	−5 000	−25 000	1 000
Dividends	0	0	0	0
Net Income	398 000	−584 000	462 000	335 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	83 000	83 000	83 000	83 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 000	13 000	20 000	0
Total Tangible Assets	5 000	13 000	20 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	88 000	95 000	103 000	83 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	476 000	1 322 000	1 656 000	307 000
Total Current Assets	1 063 000	1 557 000	2 452 000	987 000
Total Assets	1 151 000	1 652 000	2 555 000	1 069 000
Total Equity	1 044 000	646 000	1 230 000	768 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	1 000	1 000	0
Creditors	−218 000	17 000	7 000	25 000
Unpaid Taxes	269 000	866 000	869 000	171 000
Dividends	0	0	0	0
Other Current Debt	54 000	123 000	401 000	105 000
Total Current Debt	106 000	1 006 000	1 324 000	301 000
Total Equity and Debt	1 151 000	1 652 000	2 555 000	1 069 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,12 %	−90,4 %	37,56 %	43,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,01 %	−27,12 %	9,16 %	5,63 %
Current Ratio	10,03	1,55	1,85	3,28
Quick Ratio	10,03	1,55	1,85	3,28
Equity Ratio	0,91	0,39	0,48	0,72
Gross Profit Margin	33,73 %	29,56 %	39,37 %	33,78 %