HOVELSRUDHAGEN AS

2350 NES PÅ HEDMARKEN

Finances

Share Ownership

Return on Equity

6,86 %

Current Ratio

1,48

Debt-to-Equity Ratio

0,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 516 000	23 414 000	12 934 000	9 029 000
Net Income	143 000	349 000	803 000	296 000
Total Assets	10 216 000	6 413 000	5 794 000	2 943 000
Total Equity	2 084 000	1 941 000	1 591 000	788 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 516 000	23 414 000	12 934 000	9 029 000
Expenditure	24 327 000	23 061 000	11 854 000	8 675 000
Operating Profit	189 000	354 000	1 080 000	354 000
Financial Income	5 000	4 000	4 000	6 000
Financial Costs	20 000	8 000	11 000	1 000
Financial Balance	−15 000	−4 000	−7 000	5 000
Earnings Before Tax	173 000	349 000	1 073 000	360 000
Tax	30 000	0	270 000	64 000
Net Income	143 000	349 000	803 000	296 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	290 000	426 000	561 000	0
Total Current Assets	9 927 000	5 987 000	5 233 000	2 943 000
Total Assets	10 216 000	6 413 000	5 794 000	2 943 000
Total Retained Equity	2 054 000	1 911 000	1 561 000	758 000
Total Equity	2 084 000	1 941 000	1 591 000	788 000
Total Long-Term Debt	1 404 000	200 000	0	1 000
Total Current Debt	6 728 000	4 272 000	4 203 000	2 154 000
Total Equity and Debt	10 216 000	6 413 000	5 794 000	2 943 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 266 000	23 344 000	12 934 000	9 029 000
Other Income	250 000	70 000	0	0
Revenue	24 516 000	23 414 000	12 934 000	9 029 000
Cost of Goods Sold	19 089 000	19 355 000	9 850 000	7 186 000
Salary Costs	794 000	686 000	0	0
Depreciation	182 000	140 000	16 000	0
Impairment	0	0	0	0
Expenditure	24 327 000	23 061 000	11 854 000	8 675 000
Operating Profit	189 000	354 000	1 080 000	354 000
Financial Income	5 000	4 000	4 000	6 000
Financial Costs	20 000	8 000	11 000	1 000
Financial Balance	−15 000	−4 000	−7 000	5 000
Dividends	0	0	0	0
Net Income	143 000	349 000	803 000	296 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	131 000	261 000	303 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	88 000	0	0	0
Total Tangible Assets	88 000	0	0	0
Total Fiancial Fixed Assets	71 000	165 000	259 000	0
Total Fixed Assets	290 000	426 000	561 000	0
Stock	5 068 000	1 366 000	706 000	0
Total Investments	0	0	0	0
Cash, Bank	1 866 000	1 181 000	1 237 000	1 671 000
Total Current Assets	9 927 000	5 987 000	5 233 000	2 943 000
Total Assets	10 216 000	6 413 000	5 794 000	2 943 000
Total Equity	2 084 000	1 941 000	1 591 000	788 000
Short-Term Group Debt	0	0	200 000	200 000
Total Long-Term Debt	1 404 000	200 000	0	1 000
Creditors	5 204 000	3 632 000	3 016 000	1 879 000
Unpaid Taxes	43 000	43 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 534 000	773 000	900 000	80 000
Total Current Debt	6 728 000	4 272 000	4 203 000	2 154 000
Total Equity and Debt	10 216 000	6 413 000	5 794 000	2 943 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,86 %	17,98 %	50,47 %	37,56 %
Debt-to-Equity Ratio	0,67	0,1	0	0
Operating Profit Margin	0,77 %	1,51 %	8,35 %	3,92 %
Current Ratio	1,48	1,4	1,25	1,37
Quick Ratio	5,98	2,06	1,5	1,37
Equity Ratio	0,2	0,3	0,27	0,27
Gross Profit Margin	22,14 %	17,34 %	23,84 %	20,41 %