HOVDEN ELEKTRO AS

5610 ØYSTESE

Finances

Share Ownership

Return on Equity

10,59 %

Current Ratio

3,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 843 000	1 571 000	2 746 000	1 908 000
Net Income	81 000	−170 000	451 000	32 000
Total Assets	1 041 000	1 069 000	1 382 000	904 000
Total Equity	765 000	684 000	854 000	403 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 843 000	1 571 000	2 746 000	1 908 000
Expenditure	1 734 000	1 790 000	2 161 000	1 853 000
Operating Profit	110 000	−219 000	584 000	56 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	0	7 000	15 000
Financial Balance	1 000	1 000	−6 000	−14 000
Earnings Before Tax	110 000	−218 000	578 000	42 000
Tax	29 000	−48 000	127 000	10 000
Net Income	81 000	−170 000	451 000	32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	39 000	87 000	34 000	110 000
Total Current Assets	1 002 000	982 000	1 348 000	794 000
Total Assets	1 041 000	1 069 000	1 382 000	904 000
Total Retained Equity	735 000	654 000	824 000	373 000
Total Equity	765 000	684 000	854 000	403 000
Total Long-Term Debt	0	0	0	177 000
Total Current Debt	276 000	385 000	528 000	323 000
Total Equity and Debt	1 041 000	1 069 000	1 382 000	904 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 843 000	1 571 000	2 612 000	1 908 000
Other Income	0	0	134 000	0
Revenue	1 843 000	1 571 000	2 746 000	1 908 000
Cost of Goods Sold	519 000	293 000	872 000	416 000
Salary Costs	626 000	884 000	791 000	872 000
Depreciation	18 000	16 000	20 000	15 000
Impairment	0	0	0	0
Expenditure	1 734 000	1 790 000	2 161 000	1 853 000
Operating Profit	110 000	−219 000	584 000	56 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	0	7 000	15 000
Financial Balance	1 000	1 000	−6 000	−14 000
Dividends	0	0	0	0
Net Income	81 000	−170 000	451 000	32 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	51 000	3 000	54 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 000	36 000	31 000	51 000
Total Tangible Assets	18 000	36 000	31 000	51 000
Total Fiancial Fixed Assets	0	0	0	5 000
Total Fixed Assets	39 000	87 000	34 000	110 000
Stock	380 000	371 000	335 000	395 000
Total Investments	0	0	0	0
Cash, Bank	331 000	151 000	288 000	198 000
Total Current Assets	1 002 000	982 000	1 348 000	794 000
Total Assets	1 041 000	1 069 000	1 382 000	904 000
Total Equity	765 000	684 000	854 000	403 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	177 000
Creditors	121 000	80 000	180 000	143 000
Unpaid Taxes	102 000	139 000	147 000	100 000
Dividends	0	0	0	0
Other Current Debt	53 000	166 000	124 000	81 000
Total Current Debt	276 000	385 000	528 000	323 000
Total Equity and Debt	1 041 000	1 069 000	1 382 000	904 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,59 %	−24,85 %	52,81 %	7,94 %
Debt-to-Equity Ratio	0	0	0	0,44
Operating Profit Margin	5,97 %	−13,94 %	21,27 %	2,94 %
Current Ratio	3,63	2,55	2,55	2,46
Quick Ratio	−9,63	70,14	6,98	−11,03
Equity Ratio	0,73	0,64	0,62	0,45
Gross Profit Margin	71,84 %	81,35 %	68,24 %	78,2 %