HOVSUND AS

8314 GIMSØYSAND

Finances

Share Ownership

Return on Equity

17,53 %

Current Ratio

2,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	264 000	220 000	243 000	1 336 000
Net Income	27 000	−62 000	0	47 000
Total Assets	223 000	267 000	362 000	453 000
Total Equity	154 000	127 000	189 000	189 000

Income (NOK)	2022	2021	2020	2019
Revenue	264 000	220 000	243 000	1 336 000
Expenditure	228 000	293 000	231 000	1 266 000
Operating Profit	36 000	−73 000	11 000	71 000
Financial Income	0	0	0	0
Financial Costs	1 000	6 000	11 000	11 000
Financial Balance	−1 000	−6 000	−11 000	−11 000
Earnings Before Tax	35 000	−79 000	1 000	60 000
Tax	8 000	−17 000	0	13 000
Net Income	27 000	−62 000	0	47 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	39 000	76 000	83 000	112 000
Total Current Assets	184 000	190 000	278 000	341 000
Total Assets	223 000	267 000	362 000	453 000
Total Retained Equity	124 000	97 000	159 000	159 000
Total Equity	154 000	127 000	189 000	189 000
Total Long-Term Debt	0	52 000	89 000	126 000
Total Current Debt	68 000	87 000	84 000	138 000
Total Equity and Debt	223 000	267 000	362 000	453 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	264 000	35 000	129 000	1 154 000
Other Income	0	185 000	114 000	181 000
Revenue	264 000	220 000	243 000	1 336 000
Cost of Goods Sold	0	0	1 000	880 000
Salary Costs	14 000	10 000	24 000	84 000
Depreciation	30 000	25 000	31 000	41 000
Impairment	0	0	0	0
Expenditure	228 000	293 000	231 000	1 266 000
Operating Profit	36 000	−73 000	11 000	71 000
Financial Income	0	0	0	0
Financial Costs	1 000	6 000	11 000	11 000
Financial Balance	−1 000	−6 000	−11 000	−11 000
Dividends	0	0	0	0
Net Income	27 000	−62 000	0	47 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	25 000	8 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	1 000	5 000	14 000
Total Tangible Assets	21 000	51 000	76 000	106 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	39 000	76 000	83 000	112 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	63 000	110 000	199 000	178 000
Total Current Assets	184 000	190 000	278 000	341 000
Total Assets	223 000	267 000	362 000	453 000
Total Equity	154 000	127 000	189 000	189 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	52 000	89 000	126 000
Creditors	26 000	47 000	40 000	33 000
Unpaid Taxes	1 000	0	0	4 000
Dividends	0	0	0	0
Other Current Debt	41 000	40 000	40 000	87 000
Total Current Debt	68 000	87 000	84 000	138 000
Total Equity and Debt	223 000	267 000	362 000	453 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,53 %	−48,82 %	0 %	24,87 %
Debt-to-Equity Ratio	0	0,41	0,47	0,67
Operating Profit Margin	13,64 %	−33,18 %	4,53 %	5,31 %
Current Ratio	2,71	2,18	3,31	2,47
Quick Ratio	2,71	2,18	3,31	2,47
Equity Ratio	0,69	0,48	0,52	0,42
Gross Profit Margin	100 %	100 %	99,59 %	34,13 %