HAUGESUND ELEKTRISKE FORRETNING AS

5519 HAUGESUND

Finances

Return on Equity

38,47 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 840 000	18 280 000	18 089 000	19 759 000
Net Income	2 140 000	3 587 000	2 492 000	3 717 000
Total Assets	11 602 000	12 466 000	10 984 000	12 279 000
Total Equity	5 563 000	5 223 000	4 636 000	4 145 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 840 000	18 280 000	18 089 000	19 759 000
Expenditure	15 144 000	13 721 000	14 934 000	15 033 000
Operating Profit	2 697 000	4 560 000	3 155 000	4 726 000
Financial Income	38 000	35 000	36 000	35 000
Financial Costs	1 000	0	1 000	2 000
Financial Balance	37 000	35 000	35 000	33 000
Earnings Before Tax	2 735 000	4 595 000	3 190 000	4 760 000
Tax	595 000	1 008 000	698 000	1 043 000
Net Income	2 140 000	3 587 000	2 492 000	3 717 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	515 000	532 000	462 000	349 000
Total Current Assets	11 087 000	11 934 000	10 522 000	11 930 000
Total Assets	11 602 000	12 466 000	10 984 000	12 279 000
Total Retained Equity	4 113 000	3 773 000	3 186 000	2 695 000
Total Equity	5 563 000	5 223 000	4 636 000	4 145 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 039 000	7 243 000	6 348 000	8 134 000
Total Equity and Debt	11 602 000	12 466 000	10 984 000	12 279 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 813 000	18 280 000	18 033 000	19 759 000
Other Income	27 000	0	56 000	0
Revenue	17 840 000	18 280 000	18 089 000	19 759 000
Cost of Goods Sold	6 332 000	5 473 000	6 830 000	6 432 000
Salary Costs	6 621 000	6 444 000	6 535 000	7 172 000
Depreciation	99 000	81 000	23 000	9 000
Impairment	0	0	0	0
Expenditure	15 144 000	13 721 000	14 934 000	15 033 000
Operating Profit	2 697 000	4 560 000	3 155 000	4 726 000
Financial Income	38 000	35 000	36 000	35 000
Financial Costs	1 000	0	1 000	2 000
Financial Balance	37 000	35 000	35 000	33 000
Dividends	1 800 000	3 000 000	2 000 000	3 002 000
Net Income	2 140 000	3 587 000	2 492 000	3 717 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	250 000	246 000	239 000	259 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	28 000
Fixtures	202 000	224 000	160 000	0
Total Tangible Assets	202 000	224 000	160 000	28 000
Total Fiancial Fixed Assets	62 000	62 000	62 000	62 000
Total Fixed Assets	515 000	532 000	462 000	349 000
Stock	1 735 000	1 444 000	1 151 000	1 255 000
Total Investments	0	0	0	0
Cash, Bank	7 043 000	7 573 000	7 323 000	8 261 000
Total Current Assets	11 087 000	11 934 000	10 522 000	11 930 000
Total Assets	11 602 000	12 466 000	10 984 000	12 279 000
Total Equity	5 563 000	5 223 000	4 636 000	4 145 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	783 000	391 000	616 000	1 160 000
Unpaid Taxes	1 130 000	1 131 000	1 331 000	1 156 000
Dividends	1 800 000	3 000 000	2 000 000	3 002 000
Other Current Debt	1 726 000	1 706 000	1 723 000	1 773 000
Total Current Debt	6 039 000	7 243 000	6 348 000	8 134 000
Total Equity and Debt	11 602 000	12 466 000	10 984 000	12 279 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,47 %	68,68 %	53,75 %	89,67 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,12 %	24,95 %	17,44 %	23,92 %
Current Ratio	1,84	1,65	1,66	1,47
Quick Ratio	2,58	2,06	2,02	1,73
Equity Ratio	0,48	0,42	0,42	0,34
Gross Profit Margin	64,51 %	70,06 %	62,24 %	67,45 %