HORTEN ELEKTRISKE AS

2630 RINGEBU

Finances

Return on Equity

26,64 %

Current Ratio

2,2

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 312 000	41 861 000	32 912 000	33 777 000
Net Income	3 783 000	3 629 000	3 527 000	4 256 000
Total Assets	25 958 000	25 238 000	21 244 000	19 697 000
Total Equity	14 199 000	12 816 000	11 186 000	9 159 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 312 000	41 861 000	32 912 000	33 777 000
Expenditure	40 386 000	37 178 000	28 330 000	28 252 000
Operating Profit	4 925 000	4 683 000	4 582 000	5 525 000
Financial Income	25 000	17 000	18 000	17 000
Financial Costs	76 000	65 000	53 000	76 000
Financial Balance	−51 000	−48 000	−35 000	−59 000
Earnings Before Tax	4 874 000	4 634 000	4 547 000	5 465 000
Tax	1 091 000	1 005 000	1 020 000	1 210 000
Net Income	3 783 000	3 629 000	3 527 000	4 256 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	564 000	370 000	582 000	772 000
Total Current Assets	25 394 000	24 868 000	20 662 000	18 925 000
Total Assets	25 958 000	25 238 000	21 244 000	19 697 000
Total Retained Equity	12 861 000	11 478 000	9 848 000	7 821 000
Total Equity	14 199 000	12 816 000	11 186 000	9 159 000
Total Long-Term Debt	206 000	340 000	471 000	601 000
Total Current Debt	11 553 000	12 083 000	9 587 000	9 937 000
Total Equity and Debt	25 958 000	25 238 000	21 244 000	19 697 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 312 000	41 760 000	32 912 000	33 777 000
Other Income	0	101 000	0	0
Revenue	45 312 000	41 861 000	32 912 000	33 777 000
Cost of Goods Sold	19 582 000	18 064 000	11 673 000	11 180 000
Salary Costs	16 965 000	15 473 000	13 689 000	13 934 000
Depreciation	226 000	212 000	218 000	217 000
Impairment	0	0	0	0
Expenditure	40 386 000	37 178 000	28 330 000	28 252 000
Operating Profit	4 925 000	4 683 000	4 582 000	5 525 000
Financial Income	25 000	17 000	18 000	17 000
Financial Costs	76 000	65 000	53 000	76 000
Financial Balance	−51 000	−48 000	−35 000	−59 000
Dividends	2 400 000	2 000 000	1 500 000	1 400 000
Net Income	3 783 000	3 629 000	3 527 000	4 256 000

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	423 000	332 000	538 000	757 000
Fixtures	128 000	25 000	31 000	2 000
Total Tangible Assets	551 000	357 000	569 000	759 000
Total Fiancial Fixed Assets	13 000	13 000	13 000	13 000
Total Fixed Assets	564 000	370 000	582 000	772 000
Stock	2 260 000	2 025 000	1 943 000	1 377 000
Total Investments	0	0	0	0
Cash, Bank	14 637 000	9 434 000	12 957 000	10 375 000
Total Current Assets	25 394 000	24 868 000	20 662 000	18 925 000
Total Assets	25 958 000	25 238 000	21 244 000	19 697 000
Total Equity	14 199 000	12 816 000	11 186 000	9 159 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	206 000	340 000	471 000	601 000
Creditors	2 124 000	2 159 000	1 267 000	1 387 000
Unpaid Taxes	2 747 000	3 377 000	2 414 000	2 558 000
Dividends	2 400 000	2 000 000	1 500 000	1 400 000
Other Current Debt	3 192 000	3 542 000	3 387 000	3 382 000
Total Current Debt	11 553 000	12 083 000	9 587 000	9 937 000
Total Equity and Debt	25 958 000	25 238 000	21 244 000	19 697 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,64 %	28,32 %	31,53 %	46,47 %
Debt-to-Equity Ratio	0,01	0,03	0,04	0,07
Operating Profit Margin	10,87 %	11,19 %	13,92 %	16,36 %
Current Ratio	2,2	2,06	2,16	1,9
Quick Ratio	2,73	2,47	2,7	2,21
Equity Ratio	0,55	0,51	0,53	0,46
Gross Profit Margin	56,78 %	56,85 %	64,53 %	66,9 %