HERCO EIENDOM AS

4900 TVEDESTRAND

Finances

Share Ownership

Return on Equity

20,12 %

Current Ratio

4,83

Debt-to-Equity Ratio

4,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 400 000	2 400 000	2 400 000	2 400 000
Net Income	527 000	634 000	557 000	368 000
Total Assets	15 238 000	16 636 000	18 280 000	19 108 000
Total Equity	2 619 000	2 092 000	1 849 000	2 081 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 400 000	2 400 000	2 400 000	2 400 000
Expenditure	1 322 000	1 318 000	1 320 000	1 395 000
Operating Profit	1 078 000	1 082 000	1 080 000	1 005 000
Financial Income	3 000	1 000	5 000	12 000
Financial Costs	406 000	270 000	370 000	546 000
Financial Balance	−403 000	−269 000	−365 000	−534 000
Earnings Before Tax	676 000	813 000	715 000	471 000
Tax	149 000	179 000	157 000	104 000
Net Income	527 000	634 000	557 000	368 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 238 000	14 479 000	15 720 000	16 961 000
Total Current Assets	1 999 000	2 157 000	2 560 000	2 146 000
Total Assets	15 238 000	16 636 000	18 280 000	19 108 000
Total Retained Equity	1 487 000	960 000	718 000	949 000
Total Equity	2 619 000	2 092 000	1 849 000	2 081 000
Total Long-Term Debt	12 205 000	13 744 000	15 272 000	16 075 000
Total Current Debt	414 000	801 000	1 159 000	952 000
Total Equity and Debt	15 238 000	16 636 000	18 280 000	19 108 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 400 000	2 400 000	2 400 000	2 400 000
Revenue	2 400 000	2 400 000	2 400 000	2 400 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 241 000	1 241 000	1 241 000	1 241 000
Impairment	0	0	0	0
Expenditure	1 322 000	1 318 000	1 320 000	1 395 000
Operating Profit	1 078 000	1 082 000	1 080 000	1 005 000
Financial Income	3 000	1 000	5 000	12 000
Financial Costs	406 000	270 000	370 000	546 000
Financial Balance	−403 000	−269 000	−365 000	−534 000
Dividends	0	0	0	0
Net Income	527 000	634 000	557 000	368 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 238 000	14 479 000	15 720 000	16 961 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 238 000	14 479 000	15 720 000	16 961 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 238 000	14 479 000	15 720 000	16 961 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 714 000	2 126 000	2 525 000	2 131 000
Total Current Assets	1 999 000	2 157 000	2 560 000	2 146 000
Total Assets	15 238 000	16 636 000	18 280 000	19 108 000
Total Equity	2 619 000	2 092 000	1 849 000	2 081 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 205 000	13 744 000	15 272 000	16 075 000
Creditors	0	0	0	0
Unpaid Taxes	99 000	100 000	99 000	84 000
Dividends	0	0	0	0
Other Current Debt	52 000	530 000	1 035 000	869 000
Total Current Debt	414 000	801 000	1 159 000	952 000
Total Equity and Debt	15 238 000	16 636 000	18 280 000	19 108 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,12 %	30,31 %	30,12 %	17,68 %
Debt-to-Equity Ratio	4,66	6,57	8,26	7,72
Operating Profit Margin	44,92 %	45,08 %	45 %	41,88 %
Current Ratio	4,83	2,69	2,21	2,25
Quick Ratio	4,83	2,69	2,21	2,25
Equity Ratio	0,17	0,13	0,1	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %