HIGH PERFORMANCE COMPOSITES AS

1640 RÅDE

Finances

Share Ownership

Return on Equity

12,63 %

Current Ratio

0,53

Debt-to-Equity Ratio

2,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 241 000	10 564 000	7 196 000	5 244 000
Net Income	583 000	1 031 000	747 000	218 000
Total Assets	17 041 000	16 605 000	9 503 000	6 343 000
Total Equity	4 616 000	4 033 000	3 002 000	2 255 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 241 000	10 564 000	7 196 000	5 244 000
Expenditure	14 173 000	9 061 000	6 093 000	4 755 000
Operating Profit	1 067 000	1 504 000	1 104 000	488 000
Financial Income	1 000	0	0	0
Financial Costs	317 000	180 000	143 000	177 000
Financial Balance	−316 000	−180 000	−143 000	−177 000
Earnings Before Tax	750 000	1 324 000	961 000	311 000
Tax	168 000	293 000	213 000	94 000
Net Income	583 000	1 031 000	747 000	218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 754 000	13 248 000	6 620 000	5 663 000
Total Current Assets	1 287 000	3 357 000	2 883 000	680 000
Total Assets	17 041 000	16 605 000	9 503 000	6 343 000
Total Retained Equity	3 986 000	3 403 000	2 372 000	1 625 000
Total Equity	4 616 000	4 033 000	3 002 000	2 255 000
Total Long-Term Debt	9 980 000	8 191 000	3 088 000	2 936 000
Total Current Debt	2 445 000	4 381 000	3 412 000	1 152 000
Total Equity and Debt	17 041 000	16 605 000	9 503 000	6 343 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 238 000	10 564 000	7 199 000	4 844 000
Other Income	3 000	0	−3 000	400 000
Revenue	15 241 000	10 564 000	7 196 000	5 244 000
Cost of Goods Sold	5 496 000	3 250 000	1 577 000	1 310 000
Salary Costs	4 380 000	2 613 000	2 415 000	1 614 000
Depreciation	1 097 000	715 000	408 000	228 000
Impairment	0	0	0	0
Expenditure	14 173 000	9 061 000	6 093 000	4 755 000
Operating Profit	1 067 000	1 504 000	1 104 000	488 000
Financial Income	1 000	0	0	0
Financial Costs	317 000	180 000	143 000	177 000
Financial Balance	−316 000	−180 000	−143 000	−177 000
Dividends	0	0	0	0
Net Income	583 000	1 031 000	747 000	218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	84 000	48 000	73 000	206 000
Real Eastate	13 456 000	11 088 000	5 139 000	4 469 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 742 000	1 706 000	1 371 000	958 000
Total Tangible Assets	15 198 000	12 794 000	6 510 000	5 427 000
Total Fiancial Fixed Assets	471 000	406 000	36 000	30 000
Total Fixed Assets	15 754 000	13 248 000	6 620 000	5 663 000
Stock	241 000	379 000	118 000	31 000
Total Investments	0	0	0	0
Cash, Bank	433 000	1 528 000	400 000	90 000
Total Current Assets	1 287 000	3 357 000	2 883 000	680 000
Total Assets	17 041 000	16 605 000	9 503 000	6 343 000
Total Equity	4 616 000	4 033 000	3 002 000	2 255 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 980 000	8 191 000	3 088 000	2 936 000
Creditors	1 427 000	1 376 000	465 000	736 000
Unpaid Taxes	308 000	201 000	948 000	252 000
Dividends	0	0	0	0
Other Current Debt	506 000	2 536 000	1 919 000	164 000
Total Current Debt	2 445 000	4 381 000	3 412 000	1 152 000
Total Equity and Debt	17 041 000	16 605 000	9 503 000	6 343 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,63 %	25,56 %	24,88 %	9,67 %
Debt-to-Equity Ratio	2,16	2,03	1,03	1,3
Operating Profit Margin	7 %	14,24 %	15,34 %	9,31 %
Current Ratio	0,53	0,77	0,84	0,59
Quick Ratio	0,58	0,84	0,88	0,61
Equity Ratio	0,27	0,24	0,32	0,36
Gross Profit Margin	63,94 %	69,24 %	78,09 %	75,02 %