HORDAVENT AS

5224 NESTTUN

Finances

Share Ownership

Return on Equity

158,89 %

Current Ratio

1,38

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 126 000	5 420 000	6 710 000	9 887 000
Net Income	1 001 000	605 000	−211 000	−855 000
Total Assets	2 394 000	1 071 000	1 365 000	1 987 000
Total Equity	630 000	−271 000	−875 000	−664 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 126 000	5 420 000	6 710 000	9 887 000
Expenditure	6 833 000	4 857 000	6 883 000	10 723 000
Operating Profit	1 294 000	640 000	−172 000	−835 000
Financial Income	24 000	0	1 000	2 000
Financial Costs	21 000	35 000	40 000	21 000
Financial Balance	3 000	−35 000	−39 000	−19 000
Earnings Before Tax	1 297 000	605 000	−211 000	−855 000
Tax	296 000	0	0	0
Net Income	1 001 000	605 000	−211 000	−855 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 000	36 000	66 000	132 000
Total Current Assets	2 352 000	1 036 000	1 299 000	1 855 000
Total Assets	2 394 000	1 071 000	1 365 000	1 987 000
Total Retained Equity	600 000	−301 000	−905 000	−694 000
Total Equity	630 000	−271 000	−875 000	−664 000
Total Long-Term Debt	56 000	315 000	531 000	141 000
Total Current Debt	1 709 000	1 027 000	1 709 000	2 510 000
Total Equity and Debt	2 394 000	1 071 000	1 365 000	1 987 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 126 000	5 420 000	6 682 000	9 887 000
Other Income	0	0	28 000	0
Revenue	8 126 000	5 420 000	6 710 000	9 887 000
Cost of Goods Sold	2 073 000	1 567 000	3 176 000	6 069 000
Salary Costs	3 338 000	2 433 000	2 575 000	3 571 000
Depreciation	28 000	14 000	14 000	23 000
Impairment	0	0	0	0
Expenditure	6 833 000	4 857 000	6 883 000	10 723 000
Operating Profit	1 294 000	640 000	−172 000	−835 000
Financial Income	24 000	0	1 000	2 000
Financial Costs	21 000	35 000	40 000	21 000
Financial Balance	3 000	−35 000	−39 000	−19 000
Dividends	100 000	0	0	0
Net Income	1 001 000	605 000	−211 000	−855 000

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	42 000	28 000	42 000	92 000
Total Tangible Assets	42 000	28 000	42 000	92 000
Total Fiancial Fixed Assets	0	8 000	24 000	40 000
Total Fixed Assets	42 000	36 000	66 000	132 000
Stock	151 000	151 000	74 000	77 000
Total Investments	0	0	0	0
Cash, Bank	751 000	59 000	106 000	104 000
Total Current Assets	2 352 000	1 036 000	1 299 000	1 855 000
Total Assets	2 394 000	1 071 000	1 365 000	1 987 000
Total Equity	630 000	−271 000	−875 000	−664 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	56 000	315 000	531 000	141 000
Creditors	233 000	186 000	525 000	1 338 000
Unpaid Taxes	674 000	461 000	759 000	334 000
Dividends	100 000	0	0	0
Other Current Debt	372 000	359 000	405 000	639 000
Total Current Debt	1 709 000	1 027 000	1 709 000	2 510 000
Total Equity and Debt	2 394 000	1 071 000	1 365 000	1 987 000

Financial indicators	2022	2021	2020	2019
Return on Equity	158,89 %	−223,25 %	24,11 %	128,77 %
Debt-to-Equity Ratio	0,09	−1,16	−0,61	−0,21
Operating Profit Margin	15,92 %	11,81 %	−2,56 %	−8,45 %
Current Ratio	1,38	1,01	0,76	0,74
Quick Ratio	1,51	1,18	0,79	0,76
Equity Ratio	0,26	−0,25	−0,64	−0,33
Gross Profit Margin	74,49 %	71,09 %	52,67 %	38,62 %