HUAXING AS

7654 VERDAL

Finances

Share Ownership

Return on Equity

20,41 %

Current Ratio

0,31

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 392 000	1 450 000	1 140 000	1 644 000
Net Income	−60 000	14 000	−43 000	−169 000
Total Assets	185 000	265 000	212 000	279 000
Total Equity	−294 000	−233 000	−247 000	−204 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 392 000	1 450 000	1 140 000	1 644 000
Expenditure	1 454 000	1 437 000	1 184 000	1 791 000
Operating Profit	−61 000	13 000	−43 000	−147 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	0	0	0	1 000
Financial Balance	1 000	1 000	1 000	−1 000
Earnings Before Tax	−60 000	14 000	−43 000	−148 000
Tax	0	0	0	21 000
Net Income	−60 000	14 000	−43 000	−169 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	48 000	85 000	119 000
Total Current Assets	146 000	218 000	127 000	160 000
Total Assets	185 000	265 000	212 000	279 000
Total Retained Equity	−324 000	−263 000	−277 000	−234 000
Total Equity	−294 000	−233 000	−247 000	−204 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	478 000	499 000	460 000	484 000
Total Equity and Debt	185 000	265 000	212 000	279 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 374 000	1 377 000	1 087 000	1 644 000
Other Income	18 000	73 000	53 000	0
Revenue	1 392 000	1 450 000	1 140 000	1 644 000
Cost of Goods Sold	316 000	341 000	313 000	464 000
Salary Costs	712 000	639 000	406 000	796 000
Depreciation	10 000	37 000	32 000	32 000
Impairment	0	0	0	0
Expenditure	1 454 000	1 437 000	1 184 000	1 791 000
Operating Profit	−61 000	13 000	−43 000	−147 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	0	0	0	1 000
Financial Balance	1 000	1 000	1 000	−1 000
Dividends	0	0	0	0
Net Income	−60 000	14 000	−43 000	−169 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	48 000	85 000	116 000
Total Tangible Assets	38 000	48 000	85 000	116 000
Total Fiancial Fixed Assets	0	0	0	3 000
Total Fixed Assets	38 000	48 000	85 000	119 000
Stock	41 000	11 000	16 000	23 000
Total Investments	0	0	0	0
Cash, Bank	40 000	94 000	34 000	63 000
Total Current Assets	146 000	218 000	127 000	160 000
Total Assets	185 000	265 000	212 000	279 000
Total Equity	−294 000	−233 000	−247 000	−204 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	37 000	36 000	29 000
Unpaid Taxes	34 000	45 000	23 000	49 000
Dividends	0	0	0	0
Other Current Debt	425 000	416 000	401 000	405 000
Total Current Debt	478 000	499 000	460 000	484 000
Total Equity and Debt	185 000	265 000	212 000	279 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,41 %	−6,01 %	17,41 %	82,84 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−4,38 %	0,9 %	−3,77 %	−8,94 %
Current Ratio	0,31	0,44	0,28	0,33
Quick Ratio	0,33	0,45	0,29	0,35
Equity Ratio	−1,59	−0,88	−1,17	−0,73
Gross Profit Margin	77,3 %	76,48 %	72,54 %	71,78 %