ADVOKATFIRMAET HERSTAD AS

9900 KIRKENES

Finances

Share Ownership

Return on Equity

28,32 %

Current Ratio

2,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 741 000	3 674 000	3 044 000	3 937 000
Net Income	356 000	496 000	125 000	252 000
Total Assets	1 953 000	1 724 000	1 471 000	1 501 000
Total Equity	1 257 000	901 000	405 000	280 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 741 000	3 674 000	3 044 000	3 937 000
Expenditure	3 309 000	3 012 000	2 850 000	3 572 000
Operating Profit	433 000	663 000	194 000	364 000
Financial Income	36 000	1 000	0	5 000
Financial Costs	12 000	23 000	33 000	45 000
Financial Balance	24 000	−22 000	−33 000	−40 000
Earnings Before Tax	457 000	641 000	161 000	324 000
Tax	101 000	144 000	36 000	73 000
Net Income	356 000	496 000	125 000	252 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	44 000	121 000	243 000
Total Current Assets	1 884 000	1 681 000	1 350 000	1 258 000
Total Assets	1 953 000	1 724 000	1 471 000	1 501 000
Total Retained Equity	1 227 000	871 000	375 000	250 000
Total Equity	1 257 000	901 000	405 000	280 000
Total Long-Term Debt	0	150 000	450 000	600 000
Total Current Debt	696 000	673 000	616 000	621 000
Total Equity and Debt	1 953 000	1 724 000	1 471 000	1 501 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 741 000	3 674 000	2 941 000	3 937 000
Other Income	0	0	103 000	0
Revenue	3 741 000	3 674 000	3 044 000	3 937 000
Cost of Goods Sold	13 000	18 000	21 000	14 000
Salary Costs	2 140 000	1 668 000	1 459 000	2 063 000
Depreciation	14 000	75 000	119 000	115 000
Impairment	0	0	0	0
Expenditure	3 309 000	3 012 000	2 850 000	3 572 000
Operating Profit	433 000	663 000	194 000	364 000
Financial Income	36 000	1 000	0	5 000
Financial Costs	12 000	23 000	33 000	45 000
Financial Balance	24 000	−22 000	−33 000	−40 000
Dividends	0	0	0	0
Net Income	356 000	496 000	125 000	252 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	47 000	127 000
Total Intangible Assets	43 000	27 000	76 000	158 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	17 000	45 000	84 000
Total Tangible Assets	27 000	17 000	45 000	84 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	69 000	44 000	121 000	243 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 156 000	887 000	684 000	584 000
Total Current Assets	1 884 000	1 681 000	1 350 000	1 258 000
Total Assets	1 953 000	1 724 000	1 471 000	1 501 000
Total Equity	1 257 000	901 000	405 000	280 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	150 000	450 000	600 000
Creditors	103 000	112 000	85 000	56 000
Unpaid Taxes	245 000	272 000	199 000	222 000
Dividends	0	0	0	0
Other Current Debt	232 000	147 000	298 000	255 000
Total Current Debt	696 000	673 000	616 000	621 000
Total Equity and Debt	1 953 000	1 724 000	1 471 000	1 501 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,32 %	55,05 %	30,86 %	90 %
Debt-to-Equity Ratio	0	0,17	1,11	2,14
Operating Profit Margin	11,57 %	18,05 %	6,37 %	9,25 %
Current Ratio	2,71	2,5	2,19	2,03
Quick Ratio	2,71	2,5	2,19	2,03
Equity Ratio	0,64	0,52	0,28	0,19
Gross Profit Margin	99,65 %	99,51 %	99,31 %	99,64 %