HIGH NORTH MANAGEMENT AS

9901 KIRKENES

Finances

Share Ownership

Return on Equity

−344,32 %

Current Ratio

7,6

Debt-to-Equity Ratio

29,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	944 000	1 568 000	3 476 000	102 841 000
Net Income	−3 271 000	−2 993 000	−4 073 000	2 741 000
Total Assets	33 470 000	31 213 000	29 706 000	138 350 000
Total Equity	950 000	3 106 000	5 366 000	4 439 000

Income (NOK)	2022	2021	2020	2019
Revenue	944 000	1 568 000	3 476 000	102 841 000
Expenditure	3 540 000	4 070 000	2 391 000	99 449 000
Operating Profit	−2 596 000	−2 501 000	1 085 000	3 393 000
Financial Income	719 000	1 130 000	669 000	33 000
Financial Costs	1 709 000	1 828 000	5 828 000	55 000
Financial Balance	−990 000	−698 000	−5 159 000	−22 000
Earnings Before Tax	−3 585 000	−3 199 000	−4 073 000	3 371 000
Tax	−315 000	−207 000	0	630 000
Net Income	−3 271 000	−2 993 000	−4 073 000	2 741 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 054 000	1 073 000	1 085 000	46 725 000
Total Current Assets	32 416 000	30 140 000	28 621 000	91 625 000
Total Assets	33 470 000	31 213 000	29 706 000	138 350 000
Total Retained Equity	−8 868 000	−5 598 000	−2 605 000	1 468 000
Total Equity	950 000	3 106 000	5 366 000	4 439 000
Total Long-Term Debt	28 254 000	22 182 000	19 363 000	22 499 000
Total Current Debt	4 266 000	5 926 000	4 977 000	111 412 000
Total Equity and Debt	33 470 000	31 213 000	29 706 000	138 350 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 136 000	1 018 000	468 000	1 499 000
Other Income	−192 000	550 000	3 008 000	101 342 000
Revenue	944 000	1 568 000	3 476 000	102 841 000
Cost of Goods Sold	−416 000	394 000	−1 721 000	93 772 000
Salary Costs	2 397 000	1 815 000	1 071 000	1 802 000
Depreciation	19 000	26 000	26 000	26 000
Impairment	0	0	0	0
Expenditure	3 540 000	4 070 000	2 391 000	99 449 000
Operating Profit	−2 596 000	−2 501 000	1 085 000	3 393 000
Financial Income	719 000	1 130 000	669 000	33 000
Financial Costs	1 709 000	1 828 000	5 828 000	55 000
Financial Balance	−990 000	−698 000	−5 159 000	−22 000
Dividends	0	0	0	0
Net Income	−3 271 000	−2 993 000	−4 073 000	2 741 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 031 000	1 031 000	1 031 000	46 644 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	43 000	54 000	80 000
Total Tangible Assets	1 054 000	1 073 000	1 085 000	46 725 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 054 000	1 073 000	1 085 000	46 725 000
Stock	18 756 000	18 296 000	17 878 000	17 451 000
Total Investments	0	0	0	0
Cash, Bank	98 000	104 000	80 000	197 000
Total Current Assets	32 416 000	30 140 000	28 621 000	91 625 000
Total Assets	33 470 000	31 213 000	29 706 000	138 350 000
Total Equity	950 000	3 106 000	5 366 000	4 439 000
Short-Term Group Debt	2 997 000	4 043 000	0	5 085 000
Total Long-Term Debt	28 254 000	22 182 000	19 363 000	22 499 000
Creditors	715 000	1 493 000	1 208 000	3 151 000
Unpaid Taxes	165 000	129 000	39 000	514 000
Dividends	0	0	0	0
Other Current Debt	388 000	261 000	3 730 000	4 774 000
Total Current Debt	4 266 000	5 926 000	4 977 000	111 412 000
Total Equity and Debt	33 470 000	31 213 000	29 706 000	138 350 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−344,32 %	−96,36 %	−75,9 %	61,75 %
Debt-to-Equity Ratio	29,74	7,14	3,61	5,07
Operating Profit Margin	−275 %	−159,5 %	31,21 %	3,3 %
Current Ratio	7,6	5,09	5,75	0,82
Quick Ratio	−2,24	−2,44	−2,22	0,98
Equity Ratio	0,03	0,1	0,18	0,03
Gross Profit Margin	144,07 %	74,87 %	149,51 %	8,82 %