OLAV HOVDE AS

2387 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

−15,69 %

Current Ratio

0,86

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 024 000	11 602 000	10 541 000	9 216 000
Net Income	−169 000	351 000	457 000	79 000
Total Assets	3 861 000	5 367 000	3 718 000	3 385 000
Total Equity	1 077 000	1 246 000	895 000	438 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 024 000	11 602 000	10 541 000	9 216 000
Expenditure	11 111 000	11 073 000	9 895 000	9 029 000
Operating Profit	−86 000	529 000	645 000	187 000
Financial Income	1 000	1 000	1 000	2 000
Financial Costs	131 000	80 000	61 000	87 000
Financial Balance	−130 000	−79 000	−60 000	−85 000
Earnings Before Tax	−216 000	450 000	586 000	102 000
Tax	−47 000	99 000	129 000	23 000
Net Income	−169 000	351 000	457 000	79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 705 000	2 027 000	1 197 000	1 401 000
Total Current Assets	2 156 000	3 340 000	2 521 000	1 983 000
Total Assets	3 861 000	5 367 000	3 718 000	3 385 000
Total Retained Equity	757 000	926 000	575 000	118 000
Total Equity	1 077 000	1 246 000	895 000	438 000
Total Long-Term Debt	265 000	372 000	282 000	458 000
Total Current Debt	2 519 000	3 749 000	2 541 000	2 489 000
Total Equity and Debt	3 861 000	5 367 000	3 718 000	3 385 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 024 000	11 342 000	8 346 000	8 266 000
Other Income	0	260 000	2 195 000	950 000
Revenue	11 024 000	11 602 000	10 541 000	9 216 000
Cost of Goods Sold	3 792 000	4 070 000	4 537 000	3 553 000
Salary Costs	2 527 000	2 615 000	2 080 000	2 312 000
Depreciation	174 000	235 000	252 000	245 000
Impairment	0	0	0	0
Expenditure	11 111 000	11 073 000	9 895 000	9 029 000
Operating Profit	−86 000	529 000	645 000	187 000
Financial Income	1 000	1 000	1 000	2 000
Financial Costs	131 000	80 000	61 000	87 000
Financial Balance	−130 000	−79 000	−60 000	−85 000
Dividends	0	0	0	0
Net Income	−169 000	351 000	457 000	79 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	71 000	24 000	0	58 000
Real Eastate	847 000	868 000	713 000	715 000
Machinery and Plant Facilities	114 000	157 000	199 000	238 000
Fixtures	17 000	90 000	170 000	228 000
Total Tangible Assets	978 000	1 115 000	1 082 000	1 181 000
Total Fiancial Fixed Assets	657 000	888 000	115 000	163 000
Total Fixed Assets	1 705 000	2 027 000	1 197 000	1 401 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	76 000	216 000	67 000	89 000
Total Current Assets	2 156 000	3 340 000	2 521 000	1 983 000
Total Assets	3 861 000	5 367 000	3 718 000	3 385 000
Total Equity	1 077 000	1 246 000	895 000	438 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	265 000	372 000	282 000	458 000
Creditors	1 175 000	2 277 000	1 236 000	1 263 000
Unpaid Taxes	554 000	547 000	234 000	365 000
Dividends	0	0	0	0
Other Current Debt	553 000	587 000	429 000	516 000
Total Current Debt	2 519 000	3 749 000	2 541 000	2 489 000
Total Equity and Debt	3 861 000	5 367 000	3 718 000	3 385 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,69 %	28,17 %	51,06 %	18,04 %
Debt-to-Equity Ratio	0,25	0,3	0,32	1,05
Operating Profit Margin	−0,78 %	4,56 %	6,12 %	2,03 %
Current Ratio	0,86	0,89	0,99	0,8
Quick Ratio	0,86	0,89	0,99	0,8
Equity Ratio	0,28	0,23	0,24	0,13
Gross Profit Margin	65,6 %	64,92 %	56,96 %	61,45 %