HVITVASK AS

5004 BERGEN

Finances

Share Ownership

Return on Equity

−160 %

Current Ratio

0,5

Debt-to-Equity Ratio

−11,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 009 000	1 773 000	1 218 000	1 353 000
Net Income	24 000	50 000	−48 000	−73 000
Total Assets	502 000	409 000	263 000	255 000
Total Equity	−15 000	−39 000	−88 000	−40 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 009 000	1 773 000	1 218 000	1 353 000
Expenditure	1 992 000	1 718 000	1 266 000	1 419 000
Operating Profit	15 000	55 000	−48 000	−66 000
Financial Income	3 000	2 000	2 000	0
Financial Costs	17 000	3 000	4 000	6 000
Financial Balance	−14 000	−1 000	−2 000	−6 000
Earnings Before Tax	1 000	54 000	−51 000	−73 000
Tax	−23 000	4 000	−3 000	1 000
Net Income	24 000	50 000	−48 000	−73 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	328 000	245 000	88 000	108 000
Total Current Assets	174 000	164 000	175 000	147 000
Total Assets	502 000	409 000	263 000	255 000
Total Retained Equity	−45 000	−69 000	−118 000	−64 000
Total Equity	−15 000	−39 000	−88 000	−40 000
Total Long-Term Debt	170 000	49 000	60 000	77 000
Total Current Debt	347 000	399 000	292 000	219 000
Total Equity and Debt	502 000	409 000	263 000	255 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	467 000	1 773 000	1 218 000	1 353 000
Other Income	1 543 000	0	0	0
Revenue	2 009 000	1 773 000	1 218 000	1 353 000
Cost of Goods Sold	133 000	109 000	82 000	77 000
Salary Costs	1 389 000	1 191 000	936 000	1 000 000
Depreciation	86 000	54 000	20 000	18 000
Impairment	0	0	0	0
Expenditure	1 992 000	1 718 000	1 266 000	1 419 000
Operating Profit	15 000	55 000	−48 000	−66 000
Financial Income	3 000	2 000	2 000	0
Financial Costs	17 000	3 000	4 000	6 000
Financial Balance	−14 000	−1 000	−2 000	−6 000
Dividends	0	0	0	0
Net Income	24 000	50 000	−48 000	−73 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	174 000	0	0	0
Fixtures	135 000	245 000	88 000	108 000
Total Tangible Assets	309 000	245 000	88 000	108 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	328 000	245 000	88 000	108 000
Stock	54 000	56 000	12 000	5 000
Total Investments	0	0	0	0
Cash, Bank	77 000	38 000	121 000	129 000
Total Current Assets	174 000	164 000	175 000	147 000
Total Assets	502 000	409 000	263 000	255 000
Total Equity	−15 000	−39 000	−88 000	−40 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	170 000	49 000	60 000	77 000
Creditors	20 000	19 000	23 000	2 000
Unpaid Taxes	146 000	142 000	103 000	117 000
Dividends	0	0	0	0
Other Current Debt	180 000	238 000	166 000	101 000
Total Current Debt	347 000	399 000	292 000	219 000
Total Equity and Debt	502 000	409 000	263 000	255 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−160 %	−128,21 %	54,55 %	182,5 %
Debt-to-Equity Ratio	−11,33	−1,26	−0,68	−1,93
Operating Profit Margin	0,75 %	3,1 %	−3,94 %	−4,88 %
Current Ratio	0,5	0,41	0,6	0,67
Quick Ratio	0,59	0,48	0,63	0,69
Equity Ratio	−0,03	−0,1	−0,33	−0,16
Gross Profit Margin	93,38 %	93,85 %	93,27 %	94,31 %