HORN AS

3217 SANDEFJORD

Finances

Share Ownership

Return on Equity

20,71 %

Current Ratio

3,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 000	269 000	77 000	94 000
Net Income	438 000	1 634 000	26 000	45 000
Total Assets	2 965 000	4 264 000	42 000	31 000
Total Equity	2 115 000	1 676 000	42 000	16 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 000	269 000	77 000	94 000
Expenditure	66 000	174 000	91 000	49 000
Operating Profit	−31 000	95 000	−14 000	45 000
Financial Income	1 151 000	2 000 000	40 000	0
Financial Costs	435 000	0	0	0
Financial Balance	716 000	2 000 000	40 000	0
Earnings Before Tax	685 000	2 095 000	26 000	45 000
Tax	246 000	461 000	0	0
Net Income	438 000	1 634 000	26 000	45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 965 000	4 264 000	42 000	31 000
Total Assets	2 965 000	4 264 000	42 000	31 000
Total Retained Equity	2 085 000	1 646 000	12 000	−14 000
Total Equity	2 115 000	1 676 000	42 000	16 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	851 000	2 588 000	0	15 000
Total Equity and Debt	2 965 000	4 264 000	42 000	31 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 000	269 000	77 000	94 000
Other Income	0	0	0	0
Revenue	35 000	269 000	77 000	94 000
Cost of Goods Sold	0	0	10 000	8 000
Salary Costs	0	25 000	50 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	66 000	174 000	91 000	49 000
Operating Profit	−31 000	95 000	−14 000	45 000
Financial Income	1 151 000	2 000 000	40 000	0
Financial Costs	435 000	0	0	0
Financial Balance	716 000	2 000 000	40 000	0
Dividends	0	0	0	0
Net Income	438 000	1 634 000	26 000	45 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	1 755 000	0	0
Cash, Bank	1 726 000	305 000	3 000	22 000
Total Current Assets	2 965 000	4 264 000	42 000	31 000
Total Assets	2 965 000	4 264 000	42 000	31 000
Total Equity	2 115 000	1 676 000	42 000	16 000
Short-Term Group Debt	600 000	2 000 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	4 000	67 000	0	9 000
Dividends	0	0	0	0
Other Current Debt	0	60 000	0	6 000
Total Current Debt	851 000	2 588 000	0	15 000
Total Equity and Debt	2 965 000	4 264 000	42 000	31 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,71 %	97,49 %	61,9 %	281,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−88,57 %	35,32 %	−18,18 %	47,87 %
Current Ratio	3,48	1,65	-	2,07
Quick Ratio	3,48	1,65	-	2,07
Equity Ratio	0,71	0,39	1	0,52
Gross Profit Margin	100 %	100 %	87,01 %	91,49 %