HORSGAARD & CO AS

6413 MOLDE

Finances

Return on Equity

3,34 %

Current Ratio

1,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 930 000	21 880 000	20 394 000	19 392 000
Net Income	40 000	−75 000	−150 000	−268 000
Total Assets	3 680 000	3 818 000	4 094 000	4 138 000
Total Equity	1 198 000	1 158 000	1 233 000	1 383 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 930 000	21 880 000	20 394 000	19 392 000
Expenditure	22 890 000	21 985 000	20 602 000	19 748 000
Operating Profit	40 000	−106 000	−207 000	−356 000
Financial Income	13 000	12 000	17 000	15 000
Financial Costs	1 000	2 000	3 000	3 000
Financial Balance	12 000	10 000	14 000	12 000
Earnings Before Tax	52 000	−96 000	−193 000	−344 000
Tax	13 000	−21 000	−42 000	−76 000
Net Income	40 000	−75 000	−150 000	−268 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	281 000	188 000	201 000	293 000
Total Current Assets	3 398 000	3 630 000	3 893 000	3 846 000
Total Assets	3 680 000	3 818 000	4 094 000	4 138 000
Total Retained Equity	1 096 000	1 056 000	1 131 000	1 281 000
Total Equity	1 198 000	1 158 000	1 233 000	1 383 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 482 000	2 660 000	2 860 000	2 755 000
Total Equity and Debt	3 680 000	3 818 000	4 094 000	4 138 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 887 000	21 880 000	20 387 000	19 392 000
Other Income	43 000	0	8 000	0
Revenue	22 930 000	21 880 000	20 394 000	19 392 000
Cost of Goods Sold	16 966 000	15 964 000	14 591 000	13 961 000
Salary Costs	4 024 000	4 250 000	4 241 000	4 014 000
Depreciation	14 000	34 000	134 000	144 000
Impairment	0	0	0	0
Expenditure	22 890 000	21 985 000	20 602 000	19 748 000
Operating Profit	40 000	−106 000	−207 000	−356 000
Financial Income	13 000	12 000	17 000	15 000
Financial Costs	1 000	2 000	3 000	3 000
Financial Balance	12 000	10 000	14 000	12 000
Dividends	0	0	0	0
Net Income	40 000	−75 000	−150 000	−268 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	155 000	168 000	147 000	104 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	115 000	9 000	43 000	178 000
Total Tangible Assets	115 000	9 000	43 000	178 000
Total Fiancial Fixed Assets	11 000	11 000	11 000	11 000
Total Fixed Assets	281 000	188 000	201 000	293 000
Stock	227 000	325 000	260 000	250 000
Total Investments	0	0	0	0
Cash, Bank	1 159 000	1 024 000	1 369 000	1 483 000
Total Current Assets	3 398 000	3 630 000	3 893 000	3 846 000
Total Assets	3 680 000	3 818 000	4 094 000	4 138 000
Total Equity	1 198 000	1 158 000	1 233 000	1 383 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 436 000	1 252 000	1 279 000	1 222 000
Unpaid Taxes	520 000	515 000	619 000	612 000
Dividends	0	0	0	0
Other Current Debt	525 000	893 000	963 000	921 000
Total Current Debt	2 482 000	2 660 000	2 860 000	2 755 000
Total Equity and Debt	3 680 000	3 818 000	4 094 000	4 138 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,34 %	−6,48 %	−12,17 %	−19,38 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,17 %	−0,48 %	−1,02 %	−1,84 %
Current Ratio	1,37	1,36	1,36	1,4
Quick Ratio	1,51	1,55	1,5	1,54
Equity Ratio	0,33	0,3	0,3	0,33
Gross Profit Margin	26,01 %	27,04 %	28,45 %	28,01 %