SOLVIT AS

1475 FINSTADJORDET

Finances

Share Ownership

Return on Equity

218,44 %

Current Ratio

1,47

Debt-to-Equity Ratio

10,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 780 000	5 817 000	5 415 000	5 438 000
Net Income	924 000	642 000	−2 008 000	−1 127 000
Total Assets	8 504 000	7 953 000	4 390 000	4 527 000
Total Equity	423 000	−501 000	−1 144 000	858 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 780 000	5 817 000	5 415 000	5 438 000
Expenditure	7 704 000	8 163 000	7 381 000	6 537 000
Operating Profit	1 076 000	568 000	−1 965 000	−1 099 000
Financial Income	4 000	0	0	1 000
Financial Costs	106 000	101 000	42 000	57 000
Financial Balance	−102 000	−101 000	−42 000	−56 000
Earnings Before Tax	974 000	466 000	−2 008 000	−1 155 000
Tax	50 000	−176 000	0	−28 000
Net Income	924 000	642 000	−2 008 000	−1 127 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 917 000	3 839 000	3 379 000	2 997 000
Total Current Assets	5 587 000	4 115 000	1 011 000	1 530 000
Total Assets	8 504 000	7 953 000	4 390 000	4 527 000
Total Retained Equity	393 000	−531 000	−1 174 000	828 000
Total Equity	423 000	−501 000	−1 144 000	858 000
Total Long-Term Debt	4 288 000	5 003 000	3 324 000	1 351 000
Total Current Debt	3 793 000	3 452 000	2 210 000	2 319 000
Total Equity and Debt	8 504 000	7 953 000	4 390 000	4 527 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 766 000	5 666 000	5 380 000	5 398 000
Other Income	14 000	150 000	35 000	40 000
Revenue	8 780 000	5 817 000	5 415 000	5 438 000
Cost of Goods Sold	2 847 000	2 904 000	2 243 000	1 742 000
Salary Costs	1 683 000	1 854 000	1 740 000	1 917 000
Depreciation	200 000	200 000	304 000	467 000
Impairment	0	0	0	0
Expenditure	7 704 000	8 163 000	7 381 000	6 537 000
Operating Profit	1 076 000	568 000	−1 965 000	−1 099 000
Financial Income	4 000	0	0	1 000
Financial Costs	106 000	101 000	42 000	57 000
Financial Balance	−102 000	−101 000	−42 000	−56 000
Dividends	0	0	0	0
Net Income	924 000	642 000	−2 008 000	−1 127 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 763 000	1 963 000	1 879 000	1 966 000
Machinery and Plant Facilities	56 000	56 000	1 160 000	683 000
Fixtures	1 097 000	1 819 000	340 000	349 000
Total Tangible Assets	2 917 000	3 839 000	3 379 000	2 997 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 917 000	3 839 000	3 379 000	2 997 000
Stock	3 514 000	3 087 000	161 000	59 000
Total Investments	0	0	0	0
Cash, Bank	77 000	−166 000	−233 000	83 000
Total Current Assets	5 587 000	4 115 000	1 011 000	1 530 000
Total Assets	8 504 000	7 953 000	4 390 000	4 527 000
Total Equity	423 000	−501 000	−1 144 000	858 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 288 000	5 003 000	3 324 000	1 351 000
Creditors	1 095 000	513 000	962 000	286 000
Unpaid Taxes	806 000	866 000	621 000	447 000
Dividends	0	0	0	0
Other Current Debt	1 603 000	2 216 000	595 000	1 156 000
Total Current Debt	3 793 000	3 452 000	2 210 000	2 319 000
Total Equity and Debt	8 504 000	7 953 000	4 390 000	4 527 000

Financial indicators	2022	2021	2020	2019
Return on Equity	218,44 %	−128,14 %	175,52 %	−131,35 %
Debt-to-Equity Ratio	10,14	−9,99	−2,91	1,57
Operating Profit Margin	12,26 %	9,76 %	−36,29 %	−20,21 %
Current Ratio	1,47	1,19	0,46	0,66
Quick Ratio	20,03	11,27	0,49	0,68
Equity Ratio	0,05	−0,06	−0,26	0,19
Gross Profit Margin	67,57 %	50,08 %	58,58 %	67,97 %