J E HOVDE AS

6300 ÅNDALSNES

Finances

Share Ownership

Return on Equity

−49,33 %

Current Ratio

0,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	81 000	35 000	20 000	105 000
Net Income	−221 000	−176 000	−107 000	−88 000
Total Assets	642 000	450 000	451 000	878 000
Total Equity	448 000	447 000	447 000	446 000

Income (NOK)	2022	2021	2020	2019
Revenue	81 000	35 000	20 000	105 000
Expenditure	363 000	261 000	160 000	224 000
Operating Profit	−282 000	−226 000	−140 000	−120 000
Financial Income	1 000	1 000	2 000	7 000
Financial Costs	3 000	0	0	0
Financial Balance	−2 000	1 000	2 000	7 000
Earnings Before Tax	−284 000	−225 000	−138 000	−112 000
Tax	−62 000	−50 000	−30 000	−25 000
Net Income	−221 000	−176 000	−107 000	−88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	632 000	268 000	169 000	169 000
Total Current Assets	10 000	182 000	282 000	709 000
Total Assets	642 000	450 000	451 000	878 000
Total Retained Equity	−305 000	−84 000	92 000	199 000
Total Equity	448 000	447 000	447 000	446 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	194 000	2 000	4 000	432 000
Total Equity and Debt	642 000	450 000	451 000	878 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	81 000	35 000	20 000	105 000
Revenue	81 000	35 000	20 000	105 000
Cost of Goods Sold	0	126 000	33 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	363 000	261 000	160 000	224 000
Operating Profit	−282 000	−226 000	−140 000	−120 000
Financial Income	1 000	1 000	2 000	7 000
Financial Costs	3 000	0	0	0
Financial Balance	−2 000	1 000	2 000	7 000
Dividends	0	0	0	0
Net Income	−221 000	−176 000	−107 000	−88 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	2 000	2 000	2 000
Real Eastate	630 000	266 000	167 000	167 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	630 000	266 000	167 000	167 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	632 000	268 000	169 000	169 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	701 000
Total Current Assets	10 000	182 000	282 000	709 000
Total Assets	642 000	450 000	451 000	878 000
Total Equity	448 000	447 000	447 000	446 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	120 000	2 000	4 000	19 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	73 000	0	0	413 000
Total Current Debt	194 000	2 000	4 000	432 000
Total Equity and Debt	642 000	450 000	451 000	878 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,33 %	−39,37 %	−23,94 %	−19,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−348,15 %	−645,71 %	−700 %	−114,29 %
Current Ratio	0,05	91	70,5	1,64
Quick Ratio	0,05	91	70,5	1,64
Equity Ratio	0,7	0,99	0,99	0,51
Gross Profit Margin	100 %	−260 %	−65 %	100 %