HOURGLASS AS

3440 RØYKEN

Finances

Return on Equity

−12,24 %

Current Ratio

65,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	60 000	0
Net Income	−1 326 000	−6 798 000	26 072 000	378 000
Total Assets	10 887 000	15 597 000	26 734 000	632 000
Total Equity	10 834 000	12 160 000	21 958 000	636 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	60 000	0
Expenditure	424 000	156 000	50 000	39 000
Operating Profit	−424 000	−156 000	9 000	−39 000
Financial Income	2 841 000	1 603 000	26 251 000	416 000
Financial Costs	3 753 000	8 238 000	162 000	−1 000
Financial Balance	−912 000	−6 635 000	26 089 000	417 000
Earnings Before Tax	−1 337 000	−6 791 000	26 098 000	378 000
Tax	−11 000	7 000	25 000	0
Net Income	−1 326 000	−6 798 000	26 072 000	378 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 462 000	7 079 000	4 534 000	119 000
Total Current Assets	3 425 000	8 517 000	22 200 000	514 000
Total Assets	10 887 000	15 597 000	26 734 000	632 000
Total Retained Equity	10 734 000	12 060 000	21 858 000	536 000
Total Equity	10 834 000	12 160 000	21 958 000	636 000
Total Long-Term Debt	0	11 000	9 000	0
Total Current Debt	52 000	3 426 000	4 767 000	−3 000
Total Equity and Debt	10 887 000	15 597 000	26 734 000	632 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	60 000	0
Other Income	0	0	0	0
Revenue	0	0	60 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	2 000	1 000	0	0
Depreciation	0	0	7 000	0
Impairment	24 000	14 000	0	0
Expenditure	424 000	156 000	50 000	39 000
Operating Profit	−424 000	−156 000	9 000	−39 000
Financial Income	2 841 000	1 603 000	26 251 000	416 000
Financial Costs	3 753 000	8 238 000	162 000	−1 000
Financial Balance	−912 000	−6 635 000	26 089 000	417 000
Dividends	0	3 000 000	4 750 000	0
Net Income	−1 326 000	−6 798 000	26 072 000	378 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	250 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	253 000	32 000	0	7 000
Total Tangible Assets	503 000	32 000	0	7 000
Total Fiancial Fixed Assets	6 959 000	7 048 000	4 534 000	112 000
Total Fixed Assets	7 462 000	7 079 000	4 534 000	119 000
Stock	0	0	0	0
Total Investments	2 305 000	8 113 000	18 090 000	503 000
Cash, Bank	1 118 000	217 000	4 047 000	11 000
Total Current Assets	3 425 000	8 517 000	22 200 000	514 000
Total Assets	10 887 000	15 597 000	26 734 000	632 000
Total Equity	10 834 000	12 160 000	21 958 000	636 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	11 000	9 000	0
Creditors	4 000	3 000	1 000	−3 000
Unpaid Taxes	2 000	1 000	0	0
Dividends	0	3 000 000	4 750 000	0
Other Current Debt	46 000	58 000	0	0
Total Current Debt	52 000	3 426 000	4 767 000	−3 000
Total Equity and Debt	10 887 000	15 597 000	26 734 000	632 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,24 %	−55,9 %	118,74 %	59,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	15 %	-
Current Ratio	65,87	2,49	4,66	−171,33
Quick Ratio	65,87	2,49	4,66	−171,33
Equity Ratio	1	0,78	0,82	1,01
Gross Profit Margin	-	-	100 %	-