GERD C. HAAGENSEN ADVOKATFIRMA AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

15,17 %

Current Ratio

7,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 686 000	1 941 000	1 749 000	1 616 000
Net Income	378 000	598 000	481 000	298 000
Total Assets	2 889 000	2 524 000	1 939 000	1 345 000
Total Equity	2 492 000	2 114 000	1 516 000	1 035 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 686 000	1 941 000	1 749 000	1 616 000
Expenditure	1 235 000	1 174 000	1 130 000	1 236 000
Operating Profit	451 000	767 000	619 000	381 000
Financial Income	34 000	0	2 000	3 000
Financial Costs	0	0	1 000	1 000
Financial Balance	34 000	0	1 000	2 000
Earnings Before Tax	484 000	767 000	620 000	382 000
Tax	107 000	169 000	139 000	84 000
Net Income	378 000	598 000	481 000	298 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 000	34 000	57 000	52 000
Total Current Assets	2 857 000	2 490 000	1 883 000	1 293 000
Total Assets	2 889 000	2 524 000	1 939 000	1 345 000
Total Retained Equity	2 160 000	1 782 000	1 184 000	703 000
Total Equity	2 492 000	2 114 000	1 516 000	1 035 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	397 000	410 000	423 000	310 000
Total Equity and Debt	2 889 000	2 524 000	1 939 000	1 345 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 686 000	1 941 000	1 749 000	1 616 000
Revenue	1 686 000	1 941 000	1 749 000	1 616 000
Cost of Goods Sold	14 000	8 000	0	0
Salary Costs	856 000	831 000	772 000	892 000
Depreciation	5 000	21 000	21 000	21 000
Impairment	0	0	0	0
Expenditure	1 235 000	1 174 000	1 130 000	1 236 000
Operating Profit	451 000	767 000	619 000	381 000
Financial Income	34 000	0	2 000	3 000
Financial Costs	0	0	1 000	1 000
Financial Balance	34 000	0	1 000	2 000
Dividends	0	0	0	0
Net Income	378 000	598 000	481 000	298 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	5 000	6 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	29 000	50 000	50 000
Total Tangible Assets	24 000	29 000	50 000	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	32 000	34 000	57 000	52 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 607 000	2 004 000	1 592 000	982 000
Total Current Assets	2 857 000	2 490 000	1 883 000	1 293 000
Total Assets	2 889 000	2 524 000	1 939 000	1 345 000
Total Equity	2 492 000	2 114 000	1 516 000	1 035 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	50 000	16 000	51 000	50 000
Unpaid Taxes	131 000	128 000	129 000	82 000
Dividends	0	0	0	0
Other Current Debt	107 000	98 000	101 000	94 000
Total Current Debt	397 000	410 000	423 000	310 000
Total Equity and Debt	2 889 000	2 524 000	1 939 000	1 345 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,17 %	28,29 %	31,73 %	28,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	26,75 %	39,52 %	35,39 %	23,58 %
Current Ratio	7,2	6,07	4,45	4,17
Quick Ratio	7,2	6,07	4,45	4,17
Equity Ratio	0,86	0,84	0,78	0,77
Gross Profit Margin	99,17 %	99,59 %	100 %	100 %