HERØY KRANSERVICE AS

6092 FOSNAVÅG

Finances

Share Ownership

Return on Equity

−1,65 %

Current Ratio

4,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 332 000	3 544 000	3 416 000	3 570 000
Net Income	−28 000	238 000	116 000	182 000
Total Assets	2 175 000	2 085 000	1 959 000	1 817 000
Total Equity	1 694 000	1 722 000	1 484 000	1 367 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 332 000	3 544 000	3 416 000	3 570 000
Expenditure	3 360 000	3 227 000	3 269 000	3 336 000
Operating Profit	−29 000	317 000	148 000	233 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	0	0	1 000
Financial Balance	1 000	1 000	1 000	0
Earnings Before Tax	−28 000	318 000	149 000	234 000
Tax	0	80 000	33 000	51 000
Net Income	−28 000	238 000	116 000	182 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 000	31 000	30 000	63 000
Total Current Assets	2 128 000	2 055 000	1 928 000	1 754 000
Total Assets	2 175 000	2 085 000	1 959 000	1 817 000
Total Retained Equity	1 594 000	1 622 000	1 384 000	1 267 000
Total Equity	1 694 000	1 722 000	1 484 000	1 367 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	481 000	363 000	475 000	450 000
Total Equity and Debt	2 175 000	2 085 000	1 959 000	1 817 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 332 000	3 455 000	3 416 000	3 570 000
Other Income	0	89 000	0	0
Revenue	3 332 000	3 544 000	3 416 000	3 570 000
Cost of Goods Sold	1 015 000	1 106 000	1 092 000	1 162 000
Salary Costs	807 000	620 000	615 000	619 000
Depreciation	11 000	4 000	34 000	41 000
Impairment	0	0	0	0
Expenditure	3 360 000	3 227 000	3 269 000	3 336 000
Operating Profit	−29 000	317 000	148 000	233 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	0	0	1 000
Financial Balance	1 000	1 000	1 000	0
Dividends	0	0	0	0
Net Income	−28 000	238 000	116 000	182 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	13 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	48 000	31 000	17 000	51 000
Total Tangible Assets	48 000	31 000	17 000	51 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	48 000	31 000	30 000	63 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 886 000	1 647 000	1 552 000	1 287 000
Total Current Assets	2 128 000	2 055 000	1 928 000	1 754 000
Total Assets	2 175 000	2 085 000	1 959 000	1 817 000
Total Equity	1 694 000	1 722 000	1 484 000	1 367 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	334 000	147 000	285 000	223 000
Unpaid Taxes	56 000	83 000	89 000	105 000
Dividends	0	0	0	0
Other Current Debt	92 000	67 000	67 000	66 000
Total Current Debt	481 000	363 000	475 000	450 000
Total Equity and Debt	2 175 000	2 085 000	1 959 000	1 817 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,65 %	13,82 %	7,82 %	13,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,87 %	8,94 %	4,33 %	6,53 %
Current Ratio	4,42	5,66	4,06	3,9
Quick Ratio	4,42	5,66	4,06	3,9
Equity Ratio	0,78	0,83	0,76	0,75
Gross Profit Margin	69,54 %	68,79 %	68,03 %	67,45 %