HAPPY TIME KVADRATUREN AS

4610 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−28,4 %

Current Ratio

0,27

Debt-to-Equity Ratio

1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 938 000	2 540 000	3 241 000	2 963 000
Net Income	−92 000	−134 000	238 000	370 000
Total Assets	1 565 000	715 000	1 059 000	818 000
Total Equity	324 000	416 000	720 000	481 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 938 000	2 540 000	3 241 000	2 963 000
Expenditure	2 013 000	2 677 000	2 933 000	2 426 000
Operating Profit	−76 000	−137 000	308 000	537 000
Financial Income	0	0	1 000	1 000
Financial Costs	16 000	3 000	3 000	6 000
Financial Balance	−16 000	−3 000	−2 000	−5 000
Earnings Before Tax	−92 000	−140 000	305 000	531 000
Tax	0	−6 000	67 000	161 000
Net Income	−92 000	−134 000	238 000	370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 336 000	648 000	493 000	366 000
Total Current Assets	229 000	67 000	566 000	452 000
Total Assets	1 565 000	715 000	1 059 000	818 000
Total Retained Equity	294 000	386 000	690 000	451 000
Total Equity	324 000	416 000	720 000	481 000
Total Long-Term Debt	387 000	0	1 000	53 000
Total Current Debt	854 000	299 000	338 000	284 000
Total Equity and Debt	1 565 000	715 000	1 059 000	818 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 853 000	2 540 000	3 241 000	2 943 000
Other Income	84 000	0	0	20 000
Revenue	1 938 000	2 540 000	3 241 000	2 963 000
Cost of Goods Sold	591 000	1 057 000	1 307 000	1 099 000
Salary Costs	784 000	1 127 000	1 018 000	788 000
Depreciation	0	10 000	20 000	20 000
Impairment	0	0	0	0
Expenditure	2 013 000	2 677 000	2 933 000	2 426 000
Operating Profit	−76 000	−137 000	308 000	537 000
Financial Income	0	0	1 000	1 000
Financial Costs	16 000	3 000	3 000	6 000
Financial Balance	−16 000	−3 000	−2 000	−5 000
Dividends	0	170 000	0	0
Net Income	−92 000	−134 000	238 000	370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	100 000	0	0	0
Total Intangible Assets	100 000	0	0	0
Real Eastate	0	0	88 000	91 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	749 000	41 000	74 000	63 000
Total Tangible Assets	749 000	41 000	161 000	155 000
Total Fiancial Fixed Assets	487 000	608 000	332 000	211 000
Total Fixed Assets	1 336 000	648 000	493 000	366 000
Stock	52 000	0	40 000	27 000
Total Investments	0	0	0	0
Cash, Bank	161 000	62 000	505 000	425 000
Total Current Assets	229 000	67 000	566 000	452 000
Total Assets	1 565 000	715 000	1 059 000	818 000
Total Equity	324 000	416 000	720 000	481 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	387 000	0	1 000	53 000
Creditors	259 000	0	48 000	92 000
Unpaid Taxes	300 000	46 000	65 000	57 000
Dividends	0	170 000	0	0
Other Current Debt	295 000	252 000	158 000	66 000
Total Current Debt	854 000	299 000	338 000	284 000
Total Equity and Debt	1 565 000	715 000	1 059 000	818 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,4 %	−32,21 %	33,06 %	76,92 %
Debt-to-Equity Ratio	1,19	0	0	0,11
Operating Profit Margin	−3,92 %	−5,39 %	9,5 %	18,12 %
Current Ratio	0,27	0,22	1,67	1,59
Quick Ratio	0,29	0,22	1,9	1,76
Equity Ratio	0,21	0,58	0,68	0,59
Gross Profit Margin	69,5 %	58,39 %	59,67 %	62,91 %