HAPPY TIME EIENDOM AS

4876 GRIMSTAD

Finances

Share Ownership

Return on Equity

20,73 %

Current Ratio

0,23

Debt-to-Equity Ratio

16,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	666 000	616 000	683 000	848 000
Net Income	120 000	158 000	135 000	211 000
Total Assets	10 748 000	10 999 000	11 057 000	11 544 000
Total Equity	579 000	577 000	419 000	284 000

Income (NOK)	2022	2021	2020	2019
Revenue	666 000	616 000	683 000	848 000
Expenditure	210 000	181 000	238 000	266 000
Operating Profit	456 000	435 000	446 000	582 000
Financial Income	0	0	0	0
Financial Costs	302 000	232 000	273 000	311 000
Financial Balance	−302 000	−232 000	−273 000	−311 000
Earnings Before Tax	154 000	203 000	173 000	271 000
Tax	34 000	45 000	38 000	60 000
Net Income	120 000	158 000	135 000	211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 646 000	10 740 000	10 834 000	10 927 000
Total Current Assets	101 000	259 000	223 000	616 000
Total Assets	10 748 000	10 999 000	11 057 000	11 544 000
Total Retained Equity	531 000	530 000	371 000	236 000
Total Equity	579 000	577 000	419 000	284 000
Total Long-Term Debt	9 727 000	10 255 000	10 544 000	11 015 000
Total Current Debt	442 000	167 000	94 000	244 000
Total Equity and Debt	10 748 000	10 999 000	11 057 000	11 544 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	666 000	616 000	683 000	848 000
Other Income	0	0	0	0
Revenue	666 000	616 000	683 000	848 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	94 000	94 000	94 000	94 000
Impairment	0	0	0	0
Expenditure	210 000	181 000	238 000	266 000
Operating Profit	456 000	435 000	446 000	582 000
Financial Income	0	0	0	0
Financial Costs	302 000	232 000	273 000	311 000
Financial Balance	−302 000	−232 000	−273 000	−311 000
Dividends	0	0	0	0
Net Income	120 000	158 000	135 000	211 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 646 000	10 728 000	10 810 000	10 892 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	12 000	23 000	35 000
Total Tangible Assets	10 646 000	10 740 000	10 834 000	10 927 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 646 000	10 740 000	10 834 000	10 927 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	93 000	259 000	223 000	282 000
Total Current Assets	101 000	259 000	223 000	616 000
Total Assets	10 748 000	10 999 000	11 057 000	11 544 000
Total Equity	579 000	577 000	419 000	284 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 727 000	10 255 000	10 544 000	11 015 000
Creditors	12 000	0	18 000	9 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	430 000	124 000	42 000	188 000
Total Current Debt	442 000	167 000	94 000	244 000
Total Equity and Debt	10 748 000	10 999 000	11 057 000	11 544 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,73 %	27,38 %	32,22 %	74,3 %
Debt-to-Equity Ratio	16,8	17,77	25,16	38,79
Operating Profit Margin	68,47 %	70,62 %	65,3 %	68,63 %
Current Ratio	0,23	1,55	2,37	2,52
Quick Ratio	0,23	1,55	2,37	2,52
Equity Ratio	0,05	0,05	0,04	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %