HØGDEN MASKINSERVICE AS

2943 ROGNE

Finances

Share Ownership

Return on Equity

25,51 %

Current Ratio

2,98

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 291 000	1 939 000	3 561 000	2 958 000
Net Income	907 000	235 000	1 206 000	427 000
Total Assets	4 765 000	4 147 000	5 015 000	4 150 000
Total Equity	3 555 000	3 148 000	3 413 000	2 947 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 291 000	1 939 000	3 561 000	2 958 000
Expenditure	2 129 000	1 638 000	1 997 000	2 402 000
Operating Profit	1 162 000	302 000	1 564 000	557 000
Financial Income	1 000	0	2 000	4 000
Financial Costs	0	0	20 000	13 000
Financial Balance	1 000	0	−18 000	−9 000
Earnings Before Tax	1 163 000	301 000	1 547 000	548 000
Tax	256 000	66 000	341 000	120 000
Net Income	907 000	235 000	1 206 000	427 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 936 000	2 098 000	1 504 000	1 926 000
Total Current Assets	2 829 000	2 050 000	3 511 000	2 224 000
Total Assets	4 765 000	4 147 000	5 015 000	4 150 000
Total Retained Equity	3 525 000	3 118 000	3 383 000	2 917 000
Total Equity	3 555 000	3 148 000	3 413 000	2 947 000
Total Long-Term Debt	261 000	276 000	276 000	396 000
Total Current Debt	949 000	724 000	1 326 000	807 000
Total Equity and Debt	4 765 000	4 147 000	5 015 000	4 150 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 291 000	1 939 000	3 561 000	2 958 000
Other Income	0	0	0	0
Revenue	3 291 000	1 939 000	3 561 000	2 958 000
Cost of Goods Sold	822 000	340 000	783 000	974 000
Salary Costs	480 000	519 000	554 000	556 000
Depreciation	258 000	254 000	160 000	327 000
Impairment	0	0	0	0
Expenditure	2 129 000	1 638 000	1 997 000	2 402 000
Operating Profit	1 162 000	302 000	1 564 000	557 000
Financial Income	1 000	0	2 000	4 000
Financial Costs	0	0	20 000	13 000
Financial Balance	1 000	0	−18 000	−9 000
Dividends	500 000	0	740 000	439 000
Net Income	907 000	235 000	1 206 000	427 000

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	1 936 000	2 098 000	1 504 000	1 906 000
Fixtures	0	0	0	0
Total Tangible Assets	1 936 000	2 098 000	1 504 000	1 906 000
Total Fiancial Fixed Assets	0	0	0	20 000
Total Fixed Assets	1 936 000	2 098 000	1 504 000	1 926 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 772 000	1 992 000	3 469 000	2 144 000
Total Current Assets	2 829 000	2 050 000	3 511 000	2 224 000
Total Assets	4 765 000	4 147 000	5 015 000	4 150 000
Total Equity	3 555 000	3 148 000	3 413 000	2 947 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	261 000	276 000	276 000	396 000
Creditors	31 000	27 000	183 000	34 000
Unpaid Taxes	88 000	73 000	89 000	38 000
Dividends	500 000	0	740 000	439 000
Other Current Debt	560 000	57 000	64 000	167 000
Total Current Debt	949 000	724 000	1 326 000	807 000
Total Equity and Debt	4 765 000	4 147 000	5 015 000	4 150 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,51 %	7,47 %	35,34 %	14,49 %
Debt-to-Equity Ratio	0,07	0,09	0,08	0,13
Operating Profit Margin	35,31 %	15,58 %	43,92 %	18,83 %
Current Ratio	2,98	2,83	2,65	2,76
Quick Ratio	2,98	2,83	2,65	2,76
Equity Ratio	0,75	0,76	0,68	0,71
Gross Profit Margin	75,02 %	82,47 %	78,01 %	67,07 %