KULTURHUSET HOVTUN AS

3490 KLOKKARSTUA

Finances

Share Ownership

Return on Equity

28,78 %

Current Ratio

0,6

Debt-to-Equity Ratio

−9,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	709 000	640 000	839 000	904 000
Net Income	−215 000	−215 000	−158 000	61 000
Total Assets	6 262 000	6 454 000	6 730 000	6 896 000
Total Equity	−747 000	−532 000	−318 000	−160 000

Income (NOK)	2022	2021	2020	2019
Revenue	709 000	640 000	839 000	904 000
Expenditure	702 000	687 000	773 000	649 000
Operating Profit	7 000	−46 000	65 000	255 000
Financial Income	0	0	0	5 000
Financial Costs	221 000	184 000	196 000	209 000
Financial Balance	−221 000	−184 000	−196 000	−204 000
Earnings Before Tax	−215 000	−231 000	−131 000	51 000
Tax	0	−16 000	26 000	−10 000
Net Income	−215 000	−215 000	−158 000	61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 241 000	6 423 000	6 583 000	6 767 000
Total Current Assets	21 000	32 000	147 000	128 000
Total Assets	6 262 000	6 454 000	6 730 000	6 896 000
Total Retained Equity	−877 000	−662 000	−448 000	−290 000
Total Equity	−747 000	−532 000	−318 000	−160 000
Total Long-Term Debt	6 974 000	6 950 000	6 963 000	6 938 000
Total Current Debt	35 000	36 000	85 000	117 000
Total Equity and Debt	6 262 000	6 454 000	6 730 000	6 896 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	79 000	140 000	837 000	904 000
Other Income	630 000	551 000	69 000	0
Revenue	709 000	640 000	839 000	904 000
Cost of Goods Sold	0	1 000	146 000	4 000
Salary Costs	17 000	33 000	−9 000	257 000
Depreciation	177 000	177 000	171 000	40 000
Impairment	0	0	0	0
Expenditure	702 000	687 000	773 000	649 000
Operating Profit	7 000	−46 000	65 000	255 000
Financial Income	0	0	0	5 000
Financial Costs	221 000	184 000	196 000	209 000
Financial Balance	−221 000	−184 000	−196 000	−204 000
Dividends	0	0	0	0
Net Income	−215 000	−215 000	−158 000	61 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	−16 000	10 000
Real Eastate	6 054 000	6 187 000	6 320 000	6 453 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	187 000	231 000	275 000	287 000
Total Tangible Assets	6 241 000	6 418 000	6 595 000	6 740 000
Total Fiancial Fixed Assets	0	5 000	5 000	17 000
Total Fixed Assets	6 241 000	6 423 000	6 583 000	6 767 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	17 000	2 000	61 000
Total Current Assets	21 000	32 000	147 000	128 000
Total Assets	6 262 000	6 454 000	6 730 000	6 896 000
Total Equity	−747 000	−532 000	−318 000	−160 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 974 000	6 950 000	6 963 000	6 938 000
Creditors	26 000	37 000	65 000	55 000
Unpaid Taxes	5 000	−3 000	−15 000	−7 000
Dividends	0	0	0	0
Other Current Debt	4 000	2 000	35 000	69 000
Total Current Debt	35 000	36 000	85 000	117 000
Total Equity and Debt	6 262 000	6 454 000	6 730 000	6 896 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,78 %	40,41 %	49,69 %	−38,13 %
Debt-to-Equity Ratio	−9,34	−13,06	−21,9	−43,36
Operating Profit Margin	0,99 %	−7,19 %	7,75 %	28,21 %
Current Ratio	0,6	0,89	1,73	1,09
Quick Ratio	0,6	0,89	1,73	1,09
Equity Ratio	−0,12	−0,08	−0,05	−0,02
Gross Profit Margin	100 %	99,84 %	82,6 %	99,56 %