HARDELAND INVEST AS

5590 ETNE

Finances

Share Ownership

Return on Equity

12,65 %

Current Ratio

1,03

Debt-to-Equity Ratio

11,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	600 000	566 000	516 000	516 000
Net Income	41 000	5 000	−108 000	88 000
Total Assets	4 300 000	4 551 000	4 699 000	4 512 000
Total Equity	324 000	283 000	278 000	386 000

Income (NOK)	2022	2021	2020	2019
Revenue	600 000	566 000	516 000	516 000
Expenditure	353 000	327 000	362 000	127 000
Operating Profit	246 000	239 000	154 000	390 000
Financial Income	0	0	0	0
Financial Costs	194 000	230 000	292 000	276 000
Financial Balance	−194 000	−230 000	−292 000	−276 000
Earnings Before Tax	53 000	9 000	−138 000	114 000
Tax	12 000	4 000	−30 000	26 000
Net Income	41 000	5 000	−108 000	88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 920 000	4 151 000	4 385 000	4 247 000
Total Current Assets	380 000	400 000	313 000	265 000
Total Assets	4 300 000	4 551 000	4 699 000	4 512 000
Total Retained Equity	124 000	83 000	78 000	186 000
Total Equity	324 000	283 000	278 000	386 000
Total Long-Term Debt	3 607 000	3 928 000	4 190 000	3 993 000
Total Current Debt	369 000	340 000	231 000	133 000
Total Equity and Debt	4 300 000	4 551 000	4 699 000	4 512 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	50 000	0	0
Other Income	600 000	516 000	516 000	516 000
Revenue	600 000	566 000	516 000	516 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	248 000	248 000	237 000	199 000
Impairment	0	0	0	0
Expenditure	353 000	327 000	362 000	127 000
Operating Profit	246 000	239 000	154 000	390 000
Financial Income	0	0	0	0
Financial Costs	194 000	230 000	292 000	276 000
Financial Balance	−194 000	−230 000	−292 000	−276 000
Dividends	0	0	0	0
Net Income	41 000	5 000	−108 000	88 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000	36 000	22 000	15 000
Real Eastate	3 778 000	3 975 000	4 173 000	4 141 000
Machinery and Plant Facilities	89 000	140 000	191 000	91 000
Fixtures	0	0	0	0
Total Tangible Assets	3 867 000	4 116 000	4 364 000	4 232 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 920 000	4 151 000	4 385 000	4 247 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	169 000	189 000	129 000	109 000
Total Current Assets	380 000	400 000	313 000	265 000
Total Assets	4 300 000	4 551 000	4 699 000	4 512 000
Total Equity	324 000	283 000	278 000	386 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 607 000	3 928 000	4 190 000	3 993 000
Creditors	188 000	188 000	196 000	6 000
Unpaid Taxes	140 000	124 000	21 000	84 000
Dividends	0	0	0	0
Other Current Debt	12 000	10 000	13 000	12 000
Total Current Debt	369 000	340 000	231 000	133 000
Total Equity and Debt	4 300 000	4 551 000	4 699 000	4 512 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,65 %	1,77 %	−38,85 %	22,8 %
Debt-to-Equity Ratio	11,13	13,88	15,07	10,34
Operating Profit Margin	41 %	42,23 %	29,84 %	75,58 %
Current Ratio	1,03	1,18	1,35	1,99
Quick Ratio	1,03	1,18	1,35	1,99
Equity Ratio	0,08	0,06	0,06	0,09
Gross Profit Margin	100 %	100 %	100 %	100 %