HARTVIG OLSEN EIENDOM AS

4847 ARENDAL

Finances

Share Ownership

Return on Equity

20,27 %

Current Ratio

5,43

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 227 000	3 534 000	3 294 000	3 263 000
Net Income	1 125 000	891 000	748 000	684 000
Total Assets	16 642 000	18 010 000	19 769 000	21 789 000
Total Equity	5 550 000	5 226 000	5 335 000	5 937 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 227 000	3 534 000	3 294 000	3 263 000
Expenditure	2 359 000	2 087 000	1 924 000	1 861 000
Operating Profit	1 869 000	1 447 000	1 370 000	1 402 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	431 000	307 000	413 000	527 000
Financial Balance	−427 000	−305 000	−411 000	−524 000
Earnings Before Tax	1 442 000	1 142 000	960 000	877 000
Tax	317 000	251 000	211 000	193 000
Net Income	1 125 000	891 000	748 000	684 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 566 000	13 666 000	14 780 000	15 856 000
Total Current Assets	4 076 000	4 344 000	4 988 000	5 932 000
Total Assets	16 642 000	18 010 000	19 769 000	21 789 000
Total Retained Equity	2 100 000	1 776 000	1 885 000	2 487 000
Total Equity	5 550 000	5 226 000	5 335 000	5 937 000
Total Long-Term Debt	10 340 000	12 130 000	13 912 000	15 302 000
Total Current Debt	751 000	654 000	522 000	550 000
Total Equity and Debt	16 642 000	18 010 000	19 769 000	21 789 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 227 000	3 534 000	3 294 000	3 263 000
Revenue	4 227 000	3 534 000	3 294 000	3 263 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 200 000	1 205 000	1 212 000	1 208 000
Impairment	0	0	0	0
Expenditure	2 359 000	2 087 000	1 924 000	1 861 000
Operating Profit	1 869 000	1 447 000	1 370 000	1 402 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	431 000	307 000	413 000	527 000
Financial Balance	−427 000	−305 000	−411 000	−524 000
Dividends	800 000	1 000 000	0	0
Net Income	1 125 000	891 000	748 000	684 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 380 000	1 281 000	1 190 000	1 108 000
Real Eastate	11 151 000	12 351 000	13 556 000	14 714 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 000	35 000	35 000	35 000
Total Tangible Assets	11 185 000	12 385 000	13 591 000	14 748 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 566 000	13 666 000	14 780 000	15 856 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 871 000	2 126 000	1 041 000	863 000
Total Current Assets	4 076 000	4 344 000	4 988 000	5 932 000
Total Assets	16 642 000	18 010 000	19 769 000	21 789 000
Total Equity	5 550 000	5 226 000	5 335 000	5 937 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 340 000	12 130 000	13 912 000	15 302 000
Creditors	40 000	119 000	74 000	0
Unpaid Taxes	99 000	69 000	57 000	126 000
Dividends	800 000	1 000 000	0	0
Other Current Debt	195 000	125 000	97 000	160 000
Total Current Debt	751 000	654 000	522 000	550 000
Total Equity and Debt	16 642 000	18 010 000	19 769 000	21 789 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,27 %	17,05 %	14,02 %	11,52 %
Debt-to-Equity Ratio	1,86	2,32	2,61	2,58
Operating Profit Margin	44,22 %	40,95 %	41,59 %	42,97 %
Current Ratio	5,43	6,64	9,56	10,79
Quick Ratio	5,43	6,64	9,56	10,79
Equity Ratio	0,33	0,29	0,27	0,27
Gross Profit Margin	100 %	100 %	100 %	100 %