HESTNES AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

3,4 %

Current Ratio

15,53

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 976 000	16 546 000	8 646 000	11 821 000
Net Income	216 000	1 025 000	281 000	457 000
Total Assets	8 684 000	8 860 000	7 330 000	6 986 000
Total Equity	6 350 000	6 134 000	5 108 000	4 827 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 976 000	16 546 000	8 646 000	11 821 000
Expenditure	14 663 000	15 197 000	8 272 000	11 202 000
Operating Profit	313 000	1 348 000	375 000	619 000
Financial Income	0	0	0	0
Financial Costs	36 000	33 000	14 000	34 000
Financial Balance	−36 000	−33 000	−14 000	−34 000
Earnings Before Tax	277 000	1 315 000	361 000	585 000
Tax	61 000	289 000	80 000	129 000
Net Income	216 000	1 025 000	281 000	457 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 381 000	4 330 000	4 594 000	4 392 000
Total Current Assets	4 302 000	4 530 000	2 737 000	2 594 000
Total Assets	8 684 000	8 860 000	7 330 000	6 986 000
Total Retained Equity	6 300 000	6 084 000	5 058 000	4 777 000
Total Equity	6 350 000	6 134 000	5 108 000	4 827 000
Total Long-Term Debt	2 057 000	2 297 000	2 012 000	1 888 000
Total Current Debt	277 000	429 000	210 000	270 000
Total Equity and Debt	8 684 000	8 860 000	7 330 000	6 986 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 453 000	15 862 000	8 286 000	11 493 000
Other Income	523 000	684 000	360 000	328 000
Revenue	14 976 000	16 546 000	8 646 000	11 821 000
Cost of Goods Sold	12 940 000	13 612 000	7 190 000	9 739 000
Salary Costs	1 139 000	996 000	531 000	893 000
Depreciation	115 000	147 000	188 000	139 000
Impairment	0	0	0	0
Expenditure	14 663 000	15 197 000	8 272 000	11 202 000
Operating Profit	313 000	1 348 000	375 000	619 000
Financial Income	0	0	0	0
Financial Costs	36 000	33 000	14 000	34 000
Financial Balance	−36 000	−33 000	−14 000	−34 000
Dividends	0	0	0	0
Net Income	216 000	1 025 000	281 000	457 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 937 000	3 979 000	4 003 000	4 043 000
Machinery and Plant Facilities	81 000	101 000	279 000	349 000
Fixtures	363 000	250 000	311 000	0
Total Tangible Assets	4 381 000	4 330 000	4 594 000	4 392 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 381 000	4 330 000	4 594 000	4 392 000
Stock	2 341 000	3 795 000	1 948 000	2 284 000
Total Investments	0	0	0	0
Cash, Bank	1 834 000	585 000	577 000	182 000
Total Current Assets	4 302 000	4 530 000	2 737 000	2 594 000
Total Assets	8 684 000	8 860 000	7 330 000	6 986 000
Total Equity	6 350 000	6 134 000	5 108 000	4 827 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 057 000	2 297 000	2 012 000	1 888 000
Creditors	20 000	27 000	25 000	10 000
Unpaid Taxes	60 000	58 000	37 000	55 000
Dividends	0	0	0	0
Other Current Debt	148 000	102 000	63 000	95 000
Total Current Debt	277 000	429 000	210 000	270 000
Total Equity and Debt	8 684 000	8 860 000	7 330 000	6 986 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,4 %	16,71 %	5,5 %	9,47 %
Debt-to-Equity Ratio	0,32	0,37	0,39	0,39
Operating Profit Margin	2,09 %	8,15 %	4,34 %	5,24 %
Current Ratio	15,53	10,56	13,03	9,61
Quick Ratio	−2,08	−1,35	−1,57	−1,29
Equity Ratio	0,73	0,69	0,7	0,69
Gross Profit Margin	13,6 %	17,73 %	16,84 %	17,61 %