HOVSLAGER MJ AS

9475 BORKENES

Finances

Share Ownership

Return on Equity

20,97 %

Current Ratio

2,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 053 000	720 000	797 000	677 000
Net Income	56 000	61 000	66 000	36 000
Total Assets	432 000	321 000	257 000	172 000
Total Equity	267 000	211 000	150 000	83 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 053 000	720 000	797 000	677 000
Expenditure	983 000	642 000	712 000	636 000
Operating Profit	70 000	78 000	85 000	40 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	70 000	78 000	85 000	40 000
Tax	14 000	17 000	19 000	4 000
Net Income	56 000	61 000	66 000	36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 000	0	0	0
Total Current Assets	425 000	321 000	257 000	172 000
Total Assets	432 000	321 000	257 000	172 000
Total Retained Equity	237 000	181 000	120 000	53 000
Total Equity	267 000	211 000	150 000	83 000
Total Long-Term Debt	0	−8 000	−1 000	0
Total Current Debt	165 000	117 000	108 000	88 000
Total Equity and Debt	432 000	321 000	257 000	172 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 053 000	720 000	797 000	677 000
Other Income	0	0	0	0
Revenue	1 053 000	720 000	797 000	677 000
Cost of Goods Sold	125 000	81 000	56 000	160 000
Salary Costs	607 000	358 000	422 000	295 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	983 000	642 000	712 000	636 000
Operating Profit	70 000	78 000	85 000	40 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	56 000	61 000	66 000	36 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	7 000	0	0	0
Total Fixed Assets	7 000	0	0	0
Stock	61 000	80 000	72 000	8 000
Total Investments	0	0	0	0
Cash, Bank	293 000	155 000	128 000	115 000
Total Current Assets	425 000	321 000	257 000	172 000
Total Assets	432 000	321 000	257 000	172 000
Total Equity	267 000	211 000	150 000	83 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	−8 000	−1 000	0
Creditors	14 000	12 000	13 000	12 000
Unpaid Taxes	73 000	53 000	36 000	37 000
Dividends	0	0	0	0
Other Current Debt	63 000	35 000	40 000	30 000
Total Current Debt	165 000	117 000	108 000	88 000
Total Equity and Debt	432 000	321 000	257 000	172 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,97 %	28,91 %	44 %	43,37 %
Debt-to-Equity Ratio	0	−0,04	−0,01	0
Operating Profit Margin	6,65 %	10,83 %	10,66 %	5,91 %
Current Ratio	2,58	2,74	2,38	1,95
Quick Ratio	4,09	8,68	7,14	2,15
Equity Ratio	0,62	0,66	0,58	0,48
Gross Profit Margin	88,13 %	88,75 %	92,97 %	76,37 %