HULVANDSKOG AS

7113 HUSBYSJØEN

Finances

Share Ownership

Return on Equity

−10,32 %

Current Ratio

2,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 255 000	2 067 000	2 617 000	2 314 000
Net Income	−131 000	−395 000	−164 000	−181 000
Total Assets	1 632 000	2 250 000	2 750 000	2 810 000
Total Equity	1 269 000	1 400 000	1 795 000	1 959 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 255 000	2 067 000	2 617 000	2 314 000
Expenditure	1 420 000	2 572 000	2 825 000	2 546 000
Operating Profit	−166 000	−504 000	−208 000	−232 000
Financial Income	0	0	1 000	1 000
Financial Costs	1 000	2 000	2 000	2 000
Financial Balance	−1 000	−2 000	−1 000	−1 000
Earnings Before Tax	−168 000	−507 000	−210 000	−232 000
Tax	−37 000	−111 000	−46 000	−51 000
Net Income	−131 000	−395 000	−164 000	−181 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	774 000	887 000	926 000	772 000
Total Current Assets	858 000	1 363 000	1 824 000	2 039 000
Total Assets	1 632 000	2 250 000	2 750 000	2 810 000
Total Retained Equity	1 149 000	1 280 000	1 675 000	1 839 000
Total Equity	1 269 000	1 400 000	1 795 000	1 959 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	363 000	850 000	955 000	851 000
Total Equity and Debt	1 632 000	2 250 000	2 750 000	2 810 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	585 000	2 067 000	2 617 000	2 265 000
Other Income	670 000	0	0	49 000
Revenue	1 255 000	2 067 000	2 617 000	2 314 000
Cost of Goods Sold	267 000	337 000	216 000	150 000
Salary Costs	576 000	1 167 000	1 337 000	1 226 000
Depreciation	150 000	150 000	142 000	135 000
Impairment	0	0	0	0
Expenditure	1 420 000	2 572 000	2 825 000	2 546 000
Operating Profit	−166 000	−504 000	−208 000	−232 000
Financial Income	0	0	1 000	1 000
Financial Costs	1 000	2 000	2 000	2 000
Financial Balance	−1 000	−2 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−131 000	−395 000	−164 000	−181 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	428 000	391 000	280 000	233 000
Real Eastate	56 000	63 000	70 000	77 000
Machinery and Plant Facilities	95 000	210 000	326 000	446 000
Fixtures	195 000	223 000	250 000	15 000
Total Tangible Assets	346 000	496 000	646 000	538 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	774 000	887 000	926 000	772 000
Stock	175 000	228 000	218 000	204 000
Total Investments	0	0	0	0
Cash, Bank	544 000	686 000	250 000	1 151 000
Total Current Assets	858 000	1 363 000	1 824 000	2 039 000
Total Assets	1 632 000	2 250 000	2 750 000	2 810 000
Total Equity	1 269 000	1 400 000	1 795 000	1 959 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	25 000	179 000	298 000	218 000
Unpaid Taxes	29 000	258 000	268 000	256 000
Dividends	0	0	0	0
Other Current Debt	309 000	413 000	389 000	378 000
Total Current Debt	363 000	850 000	955 000	851 000
Total Equity and Debt	1 632 000	2 250 000	2 750 000	2 810 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,32 %	−28,21 %	−9,14 %	−9,24 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−13,23 %	−24,38 %	−7,95 %	−10,03 %
Current Ratio	2,36	1,6	1,91	2,4
Quick Ratio	4,56	2,19	2,47	3,15
Equity Ratio	0,78	0,62	0,65	0,7
Gross Profit Margin	78,73 %	83,7 %	91,75 %	93,52 %