HVASS AS

0680 OSLO

Finances

Share Ownership

Return on Equity

87,04 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	104 451 000	97 752 000	97 995 000	100 181 000
Net Income	4 357 000	5 668 000	5 752 000	7 338 000
Total Assets	33 232 000	34 352 000	35 702 000	34 087 000
Total Equity	5 006 000	4 783 000	4 746 000	4 467 000

Income (NOK)	2022	2021	2020	2019
Revenue	104 451 000	97 752 000	97 995 000	100 181 000
Expenditure	99 101 000	90 474 000	90 562 000	90 897 000
Operating Profit	5 350 000	7 278 000	7 433 000	9 284 000
Financial Income	281 000	30 000	77 000	260 000
Financial Costs	40 000	42 000	123 000	139 000
Financial Balance	241 000	−12 000	−46 000	121 000
Earnings Before Tax	5 590 000	7 267 000	7 386 000	9 406 000
Tax	1 234 000	1 599 000	1 634 000	2 067 000
Net Income	4 357 000	5 668 000	5 752 000	7 338 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	601 000	657 000	338 000	647 000
Total Current Assets	32 631 000	33 695 000	35 364 000	33 440 000
Total Assets	33 232 000	34 352 000	35 702 000	34 087 000
Total Retained Equity	4 901 000	4 679 000	4 642 000	4 363 000
Total Equity	5 006 000	4 783 000	4 746 000	4 467 000
Total Long-Term Debt	0	0	0	224 000
Total Current Debt	28 226 000	29 569 000	30 956 000	29 396 000
Total Equity and Debt	33 232 000	34 352 000	35 702 000	34 087 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	104 447 000	97 664 000	94 575 000	100 181 000
Other Income	4 000	88 000	3 420 000	0
Revenue	104 451 000	97 752 000	97 995 000	100 181 000
Cost of Goods Sold	18 441 000	16 007 000	19 608 000	22 011 000
Salary Costs	71 915 000	66 499 000	63 068 000	61 793 000
Depreciation	140 000	114 000	148 000	237 000
Impairment	0	0	0	0
Expenditure	99 101 000	90 474 000	90 562 000	90 897 000
Operating Profit	5 350 000	7 278 000	7 433 000	9 284 000
Financial Income	281 000	30 000	77 000	260 000
Financial Costs	40 000	42 000	123 000	139 000
Financial Balance	241 000	−12 000	−46 000	121 000
Dividends	0	0	0	0
Net Income	4 357 000	5 668 000	5 752 000	7 338 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	223 000	280 000	284 000	258 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	378 000	378 000	55 000	389 000
Total Tangible Assets	378 000	378 000	55 000	389 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	601 000	657 000	338 000	647 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 477 000	2 999 000	3 109 000	2 924 000
Total Current Assets	32 631 000	33 695 000	35 364 000	33 440 000
Total Assets	33 232 000	34 352 000	35 702 000	34 087 000
Total Equity	5 006 000	4 783 000	4 746 000	4 467 000
Short-Term Group Debt	5 302 000	242 000	11 339 000	11 245 000
Total Long-Term Debt	0	0	0	224 000
Creditors	3 298 000	2 641 000	2 629 000	2 471 000
Unpaid Taxes	8 345 000	7 157 000	7 880 000	5 213 000
Dividends	0	0	0	0
Other Current Debt	11 270 000	19 529 000	9 108 000	10 467 000
Total Current Debt	28 226 000	29 569 000	30 956 000	29 396 000
Total Equity and Debt	33 232 000	34 352 000	35 702 000	34 087 000

Financial indicators	2022	2021	2020	2019
Return on Equity	87,04 %	118,5 %	121,2 %	164,27 %
Debt-to-Equity Ratio	0	0	0	0,05
Operating Profit Margin	5,12 %	7,45 %	7,59 %	9,27 %
Current Ratio	1,16	1,14	1,14	1,14
Quick Ratio	1,16	1,14	1,14	1,14
Equity Ratio	0,15	0,14	0,13	0,13
Gross Profit Margin	82,34 %	83,62 %	79,99 %	78,03 %