HAPPY CHEERBOWS AS

3083 HOLMESTRAND

Finances

Share Ownership

Return on Equity

3,95 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 081 000	1 125 000	879 000	1 391 000
Net Income	9 000	110 000	−2 000	90 000
Total Assets	875 000	600 000	291 000	333 000
Total Equity	228 000	220 000	110 000	112 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 081 000	1 125 000	879 000	1 391 000
Expenditure	3 065 000	1 101 000	899 000	1 398 000
Operating Profit	17 000	23 000	−20 000	−8 000
Financial Income	0	0	19 000	124 000
Financial Costs	6 000	0	2 000	1 000
Financial Balance	−6 000	0	17 000	123 000
Earnings Before Tax	11 000	23 000	−3 000	115 000
Tax	2 000	32 000	−1 000	25 000
Net Income	9 000	110 000	−2 000	90 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	44 000	51 000	41 000	30 000
Total Current Assets	831 000	549 000	250 000	303 000
Total Assets	875 000	600 000	291 000	333 000
Total Retained Equity	198 000	190 000	80 000	82 000
Total Equity	228 000	220 000	110 000	112 000
Total Long-Term Debt	0	67 000	0	0
Total Current Debt	646 000	313 000	181 000	221 000
Total Equity and Debt	875 000	600 000	291 000	333 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 081 000	1 125 000	879 000	1 391 000
Other Income	0	0	0	0
Revenue	3 081 000	1 125 000	879 000	1 391 000
Cost of Goods Sold	1 395 000	480 000	356 000	463 000
Salary Costs	1 146 000	256 000	237 000	548 000
Depreciation	8 000	17 000	14 000	10 000
Impairment	0	0	0	0
Expenditure	3 065 000	1 101 000	899 000	1 398 000
Operating Profit	17 000	23 000	−20 000	−8 000
Financial Income	0	0	19 000	124 000
Financial Costs	6 000	0	2 000	1 000
Financial Balance	−6 000	0	17 000	123 000
Dividends	0	0	0	0
Net Income	9 000	110 000	−2 000	90 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	0	1 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 000	23 000	16 000	30 000
Total Tangible Assets	15 000	23 000	16 000	30 000
Total Fiancial Fixed Assets	28 000	28 000	25 000	0
Total Fixed Assets	44 000	51 000	41 000	30 000
Stock	458 000	331 000	219 000	174 000
Total Investments	0	0	0	0
Cash, Bank	161 000	84 000	31 000	42 000
Total Current Assets	831 000	549 000	250 000	303 000
Total Assets	875 000	600 000	291 000	333 000
Total Equity	228 000	220 000	110 000	112 000
Short-Term Group Debt	48 000	41 000	−3 000	15 000
Total Long-Term Debt	0	67 000	0	0
Creditors	183 000	52 000	89 000	43 000
Unpaid Taxes	258 000	130 000	33 000	95 000
Dividends	0	0	0	0
Other Current Debt	154 000	59 000	61 000	67 000
Total Current Debt	646 000	313 000	181 000	221 000
Total Equity and Debt	875 000	600 000	291 000	333 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,95 %	50 %	−1,82 %	80,36 %
Debt-to-Equity Ratio	0	0,3	0	0
Operating Profit Margin	0,55 %	2,04 %	−2,28 %	−0,58 %
Current Ratio	1,29	1,75	1,38	1,37
Quick Ratio	4,42	−30,5	−6,58	6,45
Equity Ratio	0,26	0,37	0,38	0,34
Gross Profit Margin	54,72 %	57,33 %	59,5 %	66,71 %