HORN OF AFRICA AS

5004 BERGEN

Finances

Share Ownership

Return on Equity

13,81 %

Current Ratio

0,66

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 488 000	1 401 000	1 411 000	1 957 000
Net Income	137 000	−29 000	232 000	23 000
Total Assets	1 723 000	1 675 000	1 745 000	1 714 000
Total Equity	992 000	855 000	884 000	652 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 488 000	1 401 000	1 411 000	1 957 000
Expenditure	1 270 000	1 384 000	1 199 000	1 748 000
Operating Profit	218 000	17 000	212 000	209 000
Financial Income	2 000	0	0	0
Financial Costs	31 000	30 000	−61 000	179 000
Financial Balance	−29 000	−30 000	61 000	−179 000
Earnings Before Tax	188 000	−13 000	273 000	30 000
Tax	52 000	16 000	41 000	7 000
Net Income	137 000	−29 000	232 000	23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 573 000	1 588 000	1 604 000	1 621 000
Total Current Assets	150 000	87 000	141 000	93 000
Total Assets	1 723 000	1 675 000	1 745 000	1 714 000
Total Retained Equity	692 000	555 000	584 000	352 000
Total Equity	992 000	855 000	884 000	652 000
Total Long-Term Debt	502 000	601 000	699 000	898 000
Total Current Debt	229 000	219 000	163 000	164 000
Total Equity and Debt	1 723 000	1 675 000	1 745 000	1 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 379 000	982 000	1 216 000	1 833 000
Other Income	108 000	419 000	194 000	124 000
Revenue	1 488 000	1 401 000	1 411 000	1 957 000
Cost of Goods Sold	377 000	493 000	538 000	552 000
Salary Costs	411 000	391 000	279 000	705 000
Depreciation	18 000	19 000	20 000	29 000
Impairment	0	0	0	0
Expenditure	1 270 000	1 384 000	1 199 000	1 748 000
Operating Profit	218 000	17 000	212 000	209 000
Financial Income	2 000	0	0	0
Financial Costs	31 000	30 000	−61 000	179 000
Financial Balance	−29 000	−30 000	61 000	−179 000
Dividends	0	0	0	0
Net Income	137 000	−29 000	232 000	23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	77 000	74 000	71 000	69 000
Real Eastate	1 496 000	1 514 000	1 533 000	1 553 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 496 000	1 514 000	1 533 000	1 553 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 573 000	1 588 000	1 604 000	1 621 000
Stock	0	0	0	37 000
Total Investments	0	0	0	0
Cash, Bank	150 000	87 000	141 000	42 000
Total Current Assets	150 000	87 000	141 000	93 000
Total Assets	1 723 000	1 675 000	1 745 000	1 714 000
Total Equity	992 000	855 000	884 000	652 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	502 000	601 000	699 000	898 000
Creditors	3 000	77 000	−18 000	0
Unpaid Taxes	107 000	90 000	95 000	86 000
Dividends	0	0	0	0
Other Current Debt	64 000	32 000	22 000	67 000
Total Current Debt	229 000	219 000	163 000	164 000
Total Equity and Debt	1 723 000	1 675 000	1 745 000	1 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,81 %	−3,39 %	26,24 %	3,53 %
Debt-to-Equity Ratio	0,51	0,7	0,79	1,38
Operating Profit Margin	14,65 %	1,21 %	15,02 %	10,68 %
Current Ratio	0,66	0,4	0,87	0,57
Quick Ratio	0,66	0,4	0,87	0,73
Equity Ratio	0,58	0,51	0,51	0,38
Gross Profit Margin	74,66 %	64,81 %	61,87 %	71,79 %