HARALD KORTNES AS

3405 LIER

Finances

Share Ownership

Return on Equity

28,37 %

Current Ratio

15,4

Debt-to-Equity Ratio

1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	191 000	96 000	89 000	84 000
Net Income	82 000	8 000	−2 000	2 000
Total Assets	660 000	564 000	571 000	607 000
Total Equity	289 000	206 000	198 000	200 000

Income (NOK)	2022	2021	2020	2019
Revenue	191 000	96 000	89 000	84 000
Expenditure	80 000	84 000	81 000	71 000
Operating Profit	111 000	12 000	8 000	13 000
Financial Income	0	0	0	0
Financial Costs	5 000	2 000	10 000	10 000
Financial Balance	−5 000	−2 000	−10 000	−10 000
Earnings Before Tax	105 000	11 000	−2 000	3 000
Tax	23 000	2 000	0	1 000
Net Income	82 000	8 000	−2 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	507 000	528 000	550 000	573 000
Total Current Assets	154 000	36 000	21 000	34 000
Total Assets	660 000	564 000	571 000	607 000
Total Retained Equity	33 000	−49 000	−57 000	−55 000
Total Equity	289 000	206 000	198 000	200 000
Total Long-Term Debt	361 000	349 000	345 000	394 000
Total Current Debt	10 000	8 000	28 000	13 000
Total Equity and Debt	660 000	564 000	571 000	607 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	191 000	0	0	0
Other Income	0	96 000	89 000	84 000
Revenue	191 000	96 000	89 000	84 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	1 000
Depreciation	21 000	22 000	23 000	24 000
Impairment	0	0	0	0
Expenditure	80 000	84 000	81 000	71 000
Operating Profit	111 000	12 000	8 000	13 000
Financial Income	0	0	0	0
Financial Costs	5 000	2 000	10 000	10 000
Financial Balance	−5 000	−2 000	−10 000	−10 000
Dividends	0	0	0	0
Net Income	82 000	8 000	−2 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	507 000	528 000	550 000	573 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	507 000	528 000	550 000	573 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	507 000	528 000	550 000	573 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	37 000	11 000	21 000	16 000
Total Current Assets	154 000	36 000	21 000	34 000
Total Assets	660 000	564 000	571 000	607 000
Total Equity	289 000	206 000	198 000	200 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	361 000	349 000	345 000	394 000
Creditors	1 000	5 000	9 000	11 000
Unpaid Taxes	8 000	2 000	1 000	2 000
Dividends	0	0	0	0
Other Current Debt	1 000	1 000	18 000	0
Total Current Debt	10 000	8 000	28 000	13 000
Total Equity and Debt	660 000	564 000	571 000	607 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,37 %	3,88 %	−1,01 %	1 %
Debt-to-Equity Ratio	1,25	1,69	1,74	1,97
Operating Profit Margin	58,12 %	12,5 %	8,99 %	15,48 %
Current Ratio	15,4	4,5	0,75	2,62
Quick Ratio	15,4	4,5	0,75	2,62
Equity Ratio	0,44	0,37	0,35	0,33
Gross Profit Margin	100 %	100 %	100 %	100 %