HOVELSEN AS

1763 HALDEN

Finances

Share Ownership

Return on Equity

−51,08 %

Current Ratio

0,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	409 000	789 000	656 000	209 000
Net Income	−142 000	120 000	104 000	32 000
Total Assets	482 000	646 000	537 000	414 000
Total Equity	278 000	419 000	299 000	203 000

Income (NOK)	2022	2021	2020	2019
Revenue	409 000	789 000	656 000	209 000
Expenditure	551 000	669 000	552 000	178 000
Operating Profit	−142 000	119 000	104 000	32 000
Financial Income	0	1 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	1 000	0	0
Earnings Before Tax	−142 000	120 000	104 000	32 000
Tax	0	0	0	0
Net Income	−142 000	120 000	104 000	32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	446 000	504 000	361 000	291 000
Total Current Assets	36 000	142 000	176 000	123 000
Total Assets	482 000	646 000	537 000	414 000
Total Retained Equity	−377 000	−236 000	−356 000	−452 000
Total Equity	278 000	419 000	299 000	203 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	205 000	226 000	238 000	211 000
Total Equity and Debt	482 000	646 000	537 000	414 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	282 000	731 000	612 000	120 000
Other Income	127 000	57 000	44 000	89 000
Revenue	409 000	789 000	656 000	209 000
Cost of Goods Sold	142 000	380 000	374 000	68 000
Salary Costs	0	0	0	0
Depreciation	112 000	108 000	73 000	65 000
Impairment	0	0	0	0
Expenditure	551 000	669 000	552 000	178 000
Operating Profit	−142 000	119 000	104 000	32 000
Financial Income	0	1 000	0	0
Financial Costs	0	0	0	0
Financial Balance	0	1 000	0	0
Dividends	0	0	0	0
Net Income	−142 000	120 000	104 000	32 000

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	207 000	363 000	239 000	180 000
Fixtures	239 000	141 000	122 000	100 000
Total Tangible Assets	446 000	504 000	361 000	280 000
Total Fiancial Fixed Assets	0	0	0	11 000
Total Fixed Assets	446 000	504 000	361 000	291 000
Stock	0	1 000	27 000	10 000
Total Investments	0	0	0	0
Cash, Bank	26 000	107 000	127 000	102 000
Total Current Assets	36 000	142 000	176 000	123 000
Total Assets	482 000	646 000	537 000	414 000
Total Equity	278 000	419 000	299 000	203 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	27 000	41 000	0
Unpaid Taxes	3 000	2 000	0	0
Dividends	0	0	0	0
Other Current Debt	196 000	198 000	197 000	211 000
Total Current Debt	205 000	226 000	238 000	211 000
Total Equity and Debt	482 000	646 000	537 000	414 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−51,08 %	28,64 %	34,78 %	15,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−34,72 %	15,08 %	15,85 %	15,31 %
Current Ratio	0,18	0,63	0,74	0,58
Quick Ratio	0,18	0,63	0,83	0,61
Equity Ratio	0,58	0,65	0,56	0,49
Gross Profit Margin	65,28 %	51,84 %	42,99 %	67,46 %