HVETECK AS

5580 ØLEN

Finances

Return on Equity

12,05 %

Current Ratio

1,36

Debt-to-Equity Ratio

1,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 456 000	7 396 000	6 202 000	5 270 000
Net Income	192 000	−494 000	594 000	610 000
Total Assets	5 511 000	5 939 000	5 445 000	4 171 000
Total Equity	1 593 000	2 047 000	2 540 000	1 946 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 456 000	7 396 000	6 202 000	5 270 000
Expenditure	6 104 000	6 989 000	5 398 000	4 449 000
Operating Profit	351 000	407 000	804 000	821 000
Financial Income	3 000	1 000	3 000	14 000
Financial Costs	162 000	821 000	43 000	52 000
Financial Balance	−159 000	−820 000	−40 000	−38 000
Earnings Before Tax	192 000	−413 000	763 000	782 000
Tax	0	81 000	169 000	172 000
Net Income	192 000	−494 000	594 000	610 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 171 000	3 442 000	2 634 000	1 917 000
Total Current Assets	2 341 000	2 497 000	2 811 000	2 253 000
Total Assets	5 511 000	5 939 000	5 445 000	4 171 000
Total Retained Equity	1 545 000	1 998 000	2 492 000	1 898 000
Total Equity	1 593 000	2 047 000	2 540 000	1 946 000
Total Long-Term Debt	2 201 000	2 192 000	1 189 000	1 282 000
Total Current Debt	1 718 000	1 700 000	1 716 000	942 000
Total Equity and Debt	5 511 000	5 939 000	5 445 000	4 171 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 293 000	7 352 000	6 179 000	5 237 000
Other Income	163 000	43 000	23 000	33 000
Revenue	6 456 000	7 396 000	6 202 000	5 270 000
Cost of Goods Sold	175 000	3 130 000	1 257 000	98 000
Salary Costs	4 414 000	3 006 000	3 452 000	3 749 000
Depreciation	73 000	64 000	51 000	43 000
Impairment	0	0	0	0
Expenditure	6 104 000	6 989 000	5 398 000	4 449 000
Operating Profit	351 000	407 000	804 000	821 000
Financial Income	3 000	1 000	3 000	14 000
Financial Costs	162 000	821 000	43 000	52 000
Financial Balance	−159 000	−820 000	−40 000	−38 000
Dividends	0	0	0	0
Net Income	192 000	−494 000	594 000	610 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 287 000	1 295 000	0	0
Machinery and Plant Facilities	272 000	30 000	0	0
Fixtures	10 000	40 000	93 000	107 000
Total Tangible Assets	1 569 000	1 365 000	93 000	107 000
Total Fiancial Fixed Assets	1 602 000	2 078 000	2 541 000	1 811 000
Total Fixed Assets	3 171 000	3 442 000	2 634 000	1 917 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 089 000	1 589 000	1 808 000	1 689 000
Total Current Assets	2 341 000	2 497 000	2 811 000	2 253 000
Total Assets	5 511 000	5 939 000	5 445 000	4 171 000
Total Equity	1 593 000	2 047 000	2 540 000	1 946 000
Short-Term Group Debt	−30 000	1 136 000	782 000	0
Total Long-Term Debt	2 201 000	2 192 000	1 189 000	1 282 000
Creditors	80 000	150 000	115 000	48 000
Unpaid Taxes	458 000	203 000	367 000	335 000
Dividends	0	0	0	0
Other Current Debt	439 000	209 000	452 000	390 000
Total Current Debt	1 718 000	1 700 000	1 716 000	942 000
Total Equity and Debt	5 511 000	5 939 000	5 445 000	4 171 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,05 %	−24,13 %	23,39 %	31,35 %
Debt-to-Equity Ratio	1,38	1,07	0,47	0,66
Operating Profit Margin	5,44 %	5,5 %	12,96 %	15,58 %
Current Ratio	1,36	1,47	1,64	2,39
Quick Ratio	1,36	1,47	1,64	2,39
Equity Ratio	0,29	0,34	0,47	0,47
Gross Profit Margin	97,29 %	57,68 %	79,73 %	98,14 %