HAREVADET HYTTEGREND AS

6763 HORNINDAL

Finances

Share Ownership

Return on Equity

29,31 %

Current Ratio

2,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 750 000	11 660 000	16 939 000	10 520 000
Net Income	578 000	3 782 000	7 013 000	3 576 000
Total Assets	3 633 000	26 247 000	23 971 000	17 229 000
Total Equity	1 972 000	19 584 000	20 803 000	13 790 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 750 000	11 660 000	16 939 000	10 520 000
Expenditure	3 137 000	6 812 000	7 947 000	5 924 000
Operating Profit	613 000	4 848 000	8 992 000	4 596 000
Financial Income	127 000	0	1 000	2 000
Financial Costs	0	0	2 000	10 000
Financial Balance	127 000	0	−1 000	−8 000
Earnings Before Tax	740 000	4 848 000	8 991 000	4 588 000
Tax	163 000	1 067 000	1 979 000	1 012 000
Net Income	578 000	3 782 000	7 013 000	3 576 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 633 000	26 247 000	23 971 000	17 229 000
Total Assets	3 633 000	26 247 000	23 971 000	17 229 000
Total Retained Equity	1 930 000	19 192 000	20 411 000	13 398 000
Total Equity	1 972 000	19 584 000	20 803 000	13 790 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 661 000	6 662 000	3 168 000	3 439 000
Total Equity and Debt	3 633 000	26 247 000	23 971 000	17 229 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 750 000	11 615 000	16 894 000	10 475 000
Other Income	0	45 000	45 000	45 000
Revenue	3 750 000	11 660 000	16 939 000	10 520 000
Cost of Goods Sold	2 273 000	6 269 000	7 285 000	4 478 000
Salary Costs	281 000	301 000	280 000	307 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 137 000	6 812 000	7 947 000	5 924 000
Operating Profit	613 000	4 848 000	8 992 000	4 596 000
Financial Income	127 000	0	1 000	2 000
Financial Costs	0	0	2 000	10 000
Financial Balance	127 000	0	−1 000	−8 000
Dividends	0	0	0	2 000 000
Net Income	578 000	3 782 000	7 013 000	3 576 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	2 107 000	2 488 000	7 239 000	9 982 000
Total Investments	0	0	0	0
Cash, Bank	1 492 000	23 659 000	16 682 000	5 348 000
Total Current Assets	3 633 000	26 247 000	23 971 000	17 229 000
Total Assets	3 633 000	26 247 000	23 971 000	17 229 000
Total Equity	1 972 000	19 584 000	20 803 000	13 790 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 188 000	334 000	1 016 000	271 000
Unpaid Taxes	55 000	64 000	64 000	75 000
Dividends	0	0	0	2 000 000
Other Current Debt	256 000	198 000	109 000	81 000
Total Current Debt	1 661 000	6 662 000	3 168 000	3 439 000
Total Equity and Debt	3 633 000	26 247 000	23 971 000	17 229 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,31 %	19,31 %	33,71 %	25,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,35 %	41,58 %	53,08 %	43,69 %
Current Ratio	2,19	3,94	7,57	5,01
Quick Ratio	−8,15	6,29	−5,89	−2,63
Equity Ratio	0,54	0,75	0,87	0,8
Gross Profit Margin	39,39 %	46,23 %	56,99 %	57,43 %