HESTÅSEN AS

4900 TVEDESTRAND

Finances

Share Ownership

Return on Equity

−21,94 %

Current Ratio

0,95

Debt-to-Equity Ratio

5,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	742 000	489 000	10 000	0
Net Income	−319 000	−456 000	−220 000	−42 000
Total Assets	9 695 000	9 988 000	6 913 000	1 537 000
Total Equity	1 454 000	1 773 000	1 729 000	49 000

Income (NOK)	2022	2021	2020	2019
Revenue	742 000	489 000	10 000	0
Expenditure	755 000	702 000	103 000	42 000
Operating Profit	−14 000	−213 000	−94 000	−42 000
Financial Income	0	0	0	0
Financial Costs	305 000	243 000	127 000	0
Financial Balance	−305 000	−243 000	−127 000	0
Earnings Before Tax	−319 000	−456 000	−220 000	−42 000
Tax	0	0	0	0
Net Income	−319 000	−456 000	−220 000	−42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 414 000	9 907 000	6 571 000	1 298 000
Total Current Assets	281 000	81 000	342 000	239 000
Total Assets	9 695 000	9 988 000	6 913 000	1 537 000
Total Retained Equity	−1 046 000	−727 000	−271 000	−51 000
Total Equity	1 454 000	1 773 000	1 729 000	49 000
Total Long-Term Debt	7 947 000	8 158 000	4 689 000	0
Total Current Debt	295 000	58 000	494 000	1 488 000
Total Equity and Debt	9 695 000	9 988 000	6 913 000	1 537 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	929 000	522 000	10 000	0
Other Income	−187 000	−33 000	0	0
Revenue	742 000	489 000	10 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	493 000	526 000	19 000	0
Impairment	0	0	0	0
Expenditure	755 000	702 000	103 000	42 000
Operating Profit	−14 000	−213 000	−94 000	−42 000
Financial Income	0	0	0	0
Financial Costs	305 000	243 000	127 000	0
Financial Balance	−305 000	−243 000	−127 000	0
Dividends	0	0	0	0
Net Income	−319 000	−456 000	−220 000	−42 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	9 414 000	9 907 000	6 495 000	1 298 000
Machinery and Plant Facilities	0	0	76 000	0
Fixtures	0	0	0	0
Total Tangible Assets	9 414 000	9 907 000	6 571 000	1 298 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 414 000	9 907 000	6 571 000	1 298 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	39 000	12 000	12 000	100 000
Total Current Assets	281 000	81 000	342 000	239 000
Total Assets	9 695 000	9 988 000	6 913 000	1 537 000
Total Equity	1 454 000	1 773 000	1 729 000	49 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 947 000	8 158 000	4 689 000	0
Creditors	16 000	24 000	311 000	268 000
Unpaid Taxes	44 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	235 000	34 000	183 000	1 220 000
Total Current Debt	295 000	58 000	494 000	1 488 000
Total Equity and Debt	9 695 000	9 988 000	6 913 000	1 537 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,94 %	−25,72 %	−12,72 %	−85,71 %
Debt-to-Equity Ratio	5,47	4,6	2,71	0
Operating Profit Margin	−1,89 %	−43,56 %	−940 %	-
Current Ratio	0,95	1,4	0,69	0,16
Quick Ratio	0,95	1,4	0,69	0,16
Equity Ratio	0,15	0,18	0,25	0,03
Gross Profit Margin	100 %	100 %	100 %	-