HUGINTECH AS

0172 OSLO

Finances

Return on Equity

41,17 %

Current Ratio

3,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 358 000	14 588 000	6 400 000	3 484 000
Net Income	3 785 000	2 873 000	1 223 000	520 000
Total Assets	12 735 000	13 236 000	6 668 000	2 574 000
Total Equity	9 194 000	5 409 000	2 535 000	1 313 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 358 000	14 588 000	6 400 000	3 484 000
Expenditure	17 843 000	10 686 000	4 924 000	2 896 000
Operating Profit	4 515 000	3 902 000	1 475 000	589 000
Financial Income	643 000	118 000	116 000	91 000
Financial Costs	300 000	336 000	23 000	13 000
Financial Balance	343 000	−218 000	93 000	78 000
Earnings Before Tax	4 857 000	3 684 000	1 567 000	667 000
Tax	1 072 000	810 000	345 000	147 000
Net Income	3 785 000	2 873 000	1 223 000	520 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 877 000	1 417 000	1 417 000	1 417 000
Total Current Assets	10 859 000	11 819 000	5 251 000	1 157 000
Total Assets	12 735 000	13 236 000	6 668 000	2 574 000
Total Retained Equity	9 164 000	5 379 000	2 505 000	1 283 000
Total Equity	9 194 000	5 409 000	2 535 000	1 313 000
Total Long-Term Debt	3 000	0	0	0
Total Current Debt	3 538 000	7 827 000	4 133 000	1 261 000
Total Equity and Debt	12 735 000	13 236 000	6 668 000	2 574 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 199 000	12 046 000	5 831 000	2 607 000
Other Income	2 159 000	2 542 000	568 000	877 000
Revenue	22 358 000	14 588 000	6 400 000	3 484 000
Cost of Goods Sold	12 847 000	7 765 000	3 203 000	1 973 000
Salary Costs	2 937 000	1 988 000	1 253 000	602 000
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	17 843 000	10 686 000	4 924 000	2 896 000
Operating Profit	4 515 000	3 902 000	1 475 000	589 000
Financial Income	643 000	118 000	116 000	91 000
Financial Costs	300 000	336 000	23 000	13 000
Financial Balance	343 000	−218 000	93 000	78 000
Dividends	0	0	0	0
Net Income	3 785 000	2 873 000	1 223 000	520 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	54 000	0	0	0
Total Tangible Assets	54 000	0	0	0
Total Fiancial Fixed Assets	1 822 000	1 417 000	1 417 000	1 417 000
Total Fixed Assets	1 877 000	1 417 000	1 417 000	1 417 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 429 000	9 101 000	3 905 000	173 000
Total Current Assets	10 859 000	11 819 000	5 251 000	1 157 000
Total Assets	12 735 000	13 236 000	6 668 000	2 574 000
Total Equity	9 194 000	5 409 000	2 535 000	1 313 000
Short-Term Group Debt	39 000	0	0	0
Total Long-Term Debt	3 000	0	0	0
Creditors	396 000	609 000	349 000	673 000
Unpaid Taxes	1 092 000	564 000	412 000	144 000
Dividends	0	0	0	0
Other Current Debt	942 000	5 844 000	3 026 000	298 000
Total Current Debt	3 538 000	7 827 000	4 133 000	1 261 000
Total Equity and Debt	12 735 000	13 236 000	6 668 000	2 574 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,17 %	53,12 %	48,24 %	39,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,19 %	26,75 %	23,05 %	16,91 %
Current Ratio	3,07	1,51	1,27	0,92
Quick Ratio	3,07	1,51	1,27	0,92
Equity Ratio	0,72	0,41	0,38	0,51
Gross Profit Margin	42,54 %	46,77 %	49,95 %	43,37 %