HORSEFACTORY HORSES AS

7507 STJØRDAL

Finances

Share Ownership

Return on Equity

−232,65 %

Current Ratio

0,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	784 000	908 000	1 215 000	1 288 000
Net Income	−114 000	−242 000	240 000	225 000
Total Assets	2 407 000	2 754 000	2 974 000	2 435 000
Total Equity	49 000	146 000	170 000	−22 000

Income (NOK)	2022	2021	2020	2019
Revenue	784 000	908 000	1 215 000	1 288 000
Expenditure	886 000	1 194 000	916 000	1 001 000
Operating Profit	−102 000	−286 000	298 000	288 000
Financial Income	0	1 000	9 000	0
Financial Costs	36 000	2 000	0	1 000
Financial Balance	−36 000	−1 000	9 000	−1 000
Earnings Before Tax	−138 000	−287 000	307 000	287 000
Tax	−24 000	−45 000	68 000	62 000
Net Income	−114 000	−242 000	240 000	225 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 866 000	1 813 000	2 095 000	2 066 000
Total Current Assets	541 000	941 000	879 000	369 000
Total Assets	2 407 000	2 754 000	2 974 000	2 435 000
Total Retained Equity	9 000	106 000	130 000	−62 000
Total Equity	49 000	146 000	170 000	−22 000
Total Long-Term Debt	0	−117 000	1 677 000	1 877 000
Total Current Debt	2 358 000	2 724 000	1 127 000	580 000
Total Equity and Debt	2 407 000	2 754 000	2 974 000	2 435 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	784 000	874 000	1 182 000	1 253 000
Other Income	0	34 000	32 000	35 000
Revenue	784 000	908 000	1 215 000	1 288 000
Cost of Goods Sold	406 000	398 000	450 000	406 000
Salary Costs	107 000	110 000	137 000	152 000
Depreciation	169 000	169 000	169 000	142 000
Impairment	0	0	0	0
Expenditure	886 000	1 194 000	916 000	1 001 000
Operating Profit	−102 000	−286 000	298 000	288 000
Financial Income	0	1 000	9 000	0
Financial Costs	36 000	2 000	0	1 000
Financial Balance	−36 000	−1 000	9 000	−1 000
Dividends	0	0	240 000	0
Net Income	−114 000	−242 000	240 000	225 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	270 000	251 000	364 000	486 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 393 000	1 562 000	1 731 000	1 580 000
Fixtures	0	0	0	0
Total Tangible Assets	1 393 000	1 562 000	1 731 000	1 580 000
Total Fiancial Fixed Assets	203 000	0	0	0
Total Fixed Assets	1 866 000	1 813 000	2 095 000	2 066 000
Stock	0	49 000	49 000	49 000
Total Investments	0	0	0	0
Cash, Bank	106 000	157 000	424 000	175 000
Total Current Assets	541 000	941 000	879 000	369 000
Total Assets	2 407 000	2 754 000	2 974 000	2 435 000
Total Equity	49 000	146 000	170 000	−22 000
Short-Term Group Debt	2 318 000	2 678 000	813 000	139 000
Total Long-Term Debt	0	−117 000	1 677 000	1 877 000
Creditors	33 000	37 000	71 000	189 000
Unpaid Taxes	7 000	10 000	3 000	−30 000
Dividends	0	0	240 000	0
Other Current Debt	0	0	0	281 000
Total Current Debt	2 358 000	2 724 000	1 127 000	580 000
Total Equity and Debt	2 407 000	2 754 000	2 974 000	2 435 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−232,65 %	−165,75 %	141,18 %	−1 022,73 %
Debt-to-Equity Ratio	0	−0,8	9,86	−85,32
Operating Profit Margin	−13,01 %	−31,5 %	24,53 %	22,36 %
Current Ratio	0,23	0,35	0,78	0,64
Quick Ratio	0,23	0,35	0,82	0,69
Equity Ratio	0,02	0,05	0,06	−0,01
Gross Profit Margin	48,21 %	56,17 %	62,96 %	68,48 %