HALVORSEN & REINE AS

3018 DRAMMEN

Finances

Return on Equity

48,16 %

Current Ratio

1,85

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 170 000	41 420 000	36 464 000	36 765 000
Net Income	5 510 000	8 935 000	6 359 000	7 250 000
Total Assets	26 932 000	28 342 000	25 155 000	25 172 000
Total Equity	11 441 000	17 923 000	14 956 000	15 625 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 170 000	41 420 000	36 464 000	36 765 000
Expenditure	34 141 000	29 961 000	28 309 000	27 570 000
Operating Profit	7 028 000	11 460 000	8 155 000	9 194 000
Financial Income	59 000	28 000	53 000	79 000
Financial Costs	15 000	13 000	29 000	3 000
Financial Balance	44 000	15 000	24 000	76 000
Earnings Before Tax	7 072 000	11 475 000	8 178 000	9 271 000
Tax	1 562 000	2 540 000	1 820 000	2 021 000
Net Income	5 510 000	8 935 000	6 359 000	7 250 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	834 000	616 000	1 010 000	955 000
Total Current Assets	26 097 000	27 726 000	24 145 000	24 217 000
Total Assets	26 932 000	28 342 000	25 155 000	25 172 000
Total Retained Equity	10 351 000	16 812 000	13 845 000	14 504 000
Total Equity	11 441 000	17 923 000	14 956 000	15 625 000
Total Long-Term Debt	1 350 000	660 000	0	0
Total Current Debt	14 140 000	9 758 000	10 199 000	9 547 000
Total Equity and Debt	26 932 000	28 342 000	25 155 000	25 172 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 170 000	41 420 000	36 464 000	36 765 000
Other Income	0	0	0	0
Revenue	41 170 000	41 420 000	36 464 000	36 765 000
Cost of Goods Sold	308 000	0	276 000	743 000
Salary Costs	27 806 000	25 347 000	23 046 000	22 129 000
Depreciation	230 000	193 000	213 000	223 000
Impairment	0	0	0	0
Expenditure	34 141 000	29 961 000	28 309 000	27 570 000
Operating Profit	7 028 000	11 460 000	8 155 000	9 194 000
Financial Income	59 000	28 000	53 000	79 000
Financial Costs	15 000	13 000	29 000	3 000
Financial Balance	44 000	15 000	24 000	76 000
Dividends	10 432 000	0	0	0
Net Income	5 510 000	8 935 000	6 359 000	7 250 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	415 000	148 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	804 000	586 000	565 000	777 000
Total Tangible Assets	804 000	586 000	565 000	777 000
Total Fiancial Fixed Assets	30 000	30 000	30 000	30 000
Total Fixed Assets	834 000	616 000	1 010 000	955 000
Stock	0	0	0	0
Total Investments	3 632 000	3 582 000	3 561 000	3 519 000
Cash, Bank	13 639 000	16 632 000	14 840 000	13 447 000
Total Current Assets	26 097 000	27 726 000	24 145 000	24 217 000
Total Assets	26 932 000	28 342 000	25 155 000	25 172 000
Total Equity	11 441 000	17 923 000	14 956 000	15 625 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 350 000	660 000	0	0
Creditors	213 000	239 000	264 000	260 000
Unpaid Taxes	3 814 000	3 844 000	3 254 000	3 065 000
Dividends	10 432 000	0	0	0
Other Current Debt	9 246 000	4 215 000	4 598 000	4 191 000
Total Current Debt	14 140 000	9 758 000	10 199 000	9 547 000
Total Equity and Debt	26 932 000	28 342 000	25 155 000	25 172 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,16 %	49,85 %	42,52 %	46,4 %
Debt-to-Equity Ratio	0,12	0,04	0	0
Operating Profit Margin	17,07 %	27,67 %	22,36 %	25,01 %
Current Ratio	1,85	2,84	2,37	2,54
Quick Ratio	1,85	2,84	2,37	2,54
Equity Ratio	0,42	0,63	0,59	0,62
Gross Profit Margin	99,25 %	100 %	99,24 %	97,98 %