HEMMERSBACH NORWAY AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

8,07 %

Current Ratio

7,32

Debt-to-Equity Ratio

1,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 741 000	90 017 000	113 334 000	139 341 000
Net Income	1 578 000	6 896 000	10 251 000	11 628 000
Total Assets	58 174 000	71 875 000	77 392 000	97 413 000
Total Equity	19 549 000	17 971 000	11 075 000	32 824 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 741 000	90 017 000	113 334 000	139 341 000
Expenditure	33 752 000	80 312 000	97 179 000	123 727 000
Operating Profit	989 000	9 705 000	16 155 000	15 613 000
Financial Income	3 210 000	1 979 000	5 302 000	2 115 000
Financial Costs	2 176 000	2 843 000	8 313 000	2 817 000
Financial Balance	1 034 000	−864 000	−3 011 000	−702 000
Earnings Before Tax	2 024 000	8 841 000	13 145 000	14 911 000
Tax	445 000	1 945 000	2 894 000	3 283 000
Net Income	1 578 000	6 896 000	10 251 000	11 628 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	228 000	188 000	188 000	188 000
Total Current Assets	57 946 000	71 687 000	77 204 000	97 225 000
Total Assets	58 174 000	71 875 000	77 392 000	97 413 000
Total Retained Equity	19 519 000	17 941 000	11 045 000	32 794 000
Total Equity	19 549 000	17 971 000	11 075 000	32 824 000
Total Long-Term Debt	30 712 000	28 946 000	27 236 000	25 569 000
Total Current Debt	7 913 000	24 958 000	39 081 000	39 020 000
Total Equity and Debt	58 174 000	71 875 000	77 392 000	97 413 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 741 000	90 017 000	113 294 000	139 341 000
Other Income	0	0	40 000	0
Revenue	34 741 000	90 017 000	113 334 000	139 341 000
Cost of Goods Sold	7 534 000	17 495 000	31 593 000	33 687 000
Salary Costs	22 880 000	57 341 000	60 071 000	77 459 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	33 752 000	80 312 000	97 179 000	123 727 000
Operating Profit	989 000	9 705 000	16 155 000	15 613 000
Financial Income	3 210 000	1 979 000	5 302 000	2 115 000
Financial Costs	2 176 000	2 843 000	8 313 000	2 817 000
Financial Balance	1 034 000	−864 000	−3 011 000	−702 000
Dividends	0	0	0	0
Net Income	1 578 000	6 896 000	10 251 000	11 628 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	214 000	188 000	188 000	188 000
Total Fixed Assets	228 000	188 000	188 000	188 000
Stock	121 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	387 000	2 665 000	2 542 000	2 858 000
Total Current Assets	57 946 000	71 687 000	77 204 000	97 225 000
Total Assets	58 174 000	71 875 000	77 392 000	97 413 000
Total Equity	19 549 000	17 971 000	11 075 000	32 824 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	30 712 000	28 946 000	27 236 000	25 569 000
Creditors	830 000	1 435 000	3 110 000	5 579 000
Unpaid Taxes	660 000	8 443 000	7 421 000	9 884 000
Dividends	0	0	0	0
Other Current Debt	5 964 000	13 134 000	25 653 000	20 253 000
Total Current Debt	7 913 000	24 958 000	39 081 000	39 020 000
Total Equity and Debt	58 174 000	71 875 000	77 392 000	97 413 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,07 %	38,37 %	92,56 %	35,43 %
Debt-to-Equity Ratio	1,57	1,61	2,46	0,78
Operating Profit Margin	2,85 %	10,78 %	14,25 %	11,2 %
Current Ratio	7,32	2,87	1,98	2,49
Quick Ratio	7,44	2,87	1,98	2,49
Equity Ratio	0,34	0,25	0,14	0,34
Gross Profit Margin	78,31 %	80,56 %	72,12 %	75,82 %