HOVINSTRAND AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

20,07 %

Current Ratio

10,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 000	24 000	24 000	54 000
Net Income	572 000	−44 000	−10 000	412 000
Total Assets	3 102 000	2 628 000	2 672 000	2 989 000
Total Equity	2 850 000	2 279 000	2 323 000	2 633 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 000	24 000	24 000	54 000
Expenditure	43 000	68 000	46 000	46 000
Operating Profit	−19 000	−44 000	−22 000	8 000
Financial Income	591 000	0	102 000	504 000
Financial Costs	0	0	90 000	99 000
Financial Balance	591 000	0	12 000	405 000
Earnings Before Tax	572 000	−44 000	−10 000	412 000
Tax	0	0	0	0
Net Income	572 000	−44 000	−10 000	412 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	491 000	383 000	311 000	244 000
Total Current Assets	2 612 000	2 245 000	2 361 000	2 744 000
Total Assets	3 102 000	2 628 000	2 672 000	2 989 000
Total Retained Equity	2 750 000	2 179 000	2 223 000	2 533 000
Total Equity	2 850 000	2 279 000	2 323 000	2 633 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	252 000	349 000	349 000	356 000
Total Equity and Debt	3 102 000	2 628 000	2 672 000	2 989 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	24 000	24 000	24 000	54 000
Revenue	24 000	24 000	24 000	54 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	43 000	68 000	46 000	46 000
Operating Profit	−19 000	−44 000	−22 000	8 000
Financial Income	591 000	0	102 000	504 000
Financial Costs	0	0	90 000	99 000
Financial Balance	591 000	0	12 000	405 000
Dividends	0	0	300 000	300 000
Net Income	572 000	−44 000	−10 000	412 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	491 000	383 000	311 000	244 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	491 000	383 000	311 000	244 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	491 000	383 000	311 000	244 000
Stock	0	0	0	0
Total Investments	2 000 000	2 000 000	2 000 000	2 000 000
Cash, Bank	612 000	245 000	361 000	744 000
Total Current Assets	2 612 000	2 245 000	2 361 000	2 744 000
Total Assets	3 102 000	2 628 000	2 672 000	2 989 000
Total Equity	2 850 000	2 279 000	2 323 000	2 633 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	0	0	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	300 000	300 000
Other Current Debt	249 000	349 000	49 000	54 000
Total Current Debt	252 000	349 000	349 000	356 000
Total Equity and Debt	3 102 000	2 628 000	2 672 000	2 989 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,07 %	−1,93 %	−0,43 %	15,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−79,17 %	−183,33 %	−91,67 %	14,81 %
Current Ratio	10,37	6,43	6,77	7,71
Quick Ratio	10,37	6,43	6,77	7,71
Equity Ratio	0,92	0,87	0,87	0,88
Gross Profit Margin	100 %	100 %	100 %	100 %