HALVORSEN & HVEDING HOLDING AS

1454 FAGERSTRAND

Finances

Return on Equity

16,17 %

Current Ratio

1,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	725 000	613 000	339 000	1 091 000
Net Income	109 000	223 000	219 000	105 000
Total Assets	975 000	984 000	614 000	448 000
Total Equity	674 000	565 000	342 000	123 000

Income (NOK)	2022	2021	2020	2019
Revenue	725 000	613 000	339 000	1 091 000
Expenditure	585 000	327 000	47 000	817 000
Operating Profit	140 000	286 000	292 000	273 000
Financial Income	0	0	0	0
Financial Costs	0	0	10 000	112 000
Financial Balance	0	0	−10 000	−112 000
Earnings Before Tax	140 000	286 000	282 000	162 000
Tax	31 000	63 000	63 000	57 000
Net Income	109 000	223 000	219 000	105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	510 000	510 000	510 000	400 000
Total Current Assets	465 000	474 000	104 000	48 000
Total Assets	975 000	984 000	614 000	448 000
Total Retained Equity	644 000	535 000	312 000	93 000
Total Equity	674 000	565 000	342 000	123 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	301 000	419 000	272 000	325 000
Total Equity and Debt	975 000	984 000	614 000	448 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	725 000	613 000	339 000	1 091 000
Other Income	0	0	0	0
Revenue	725 000	613 000	339 000	1 091 000
Cost of Goods Sold	0	0	0	0
Salary Costs	566 000	230 000	0	768 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	585 000	327 000	47 000	817 000
Operating Profit	140 000	286 000	292 000	273 000
Financial Income	0	0	0	0
Financial Costs	0	0	10 000	112 000
Financial Balance	0	0	−10 000	−112 000
Dividends	0	0	0	0
Net Income	109 000	223 000	219 000	105 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	510 000	510 000	510 000	400 000
Total Fixed Assets	510 000	510 000	510 000	400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	20 000	30 000	69 000	41 000
Total Current Assets	465 000	474 000	104 000	48 000
Total Assets	975 000	984 000	614 000	448 000
Total Equity	674 000	565 000	342 000	123 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	2 000	1 000	0
Unpaid Taxes	29 000	30 000	16 000	197 000
Dividends	0	0	0	0
Other Current Debt	241 000	325 000	192 000	72 000
Total Current Debt	301 000	419 000	272 000	325 000
Total Equity and Debt	975 000	984 000	614 000	448 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,17 %	39,47 %	64,04 %	85,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	19,31 %	46,66 %	86,14 %	25,02 %
Current Ratio	1,54	1,13	0,38	0,15
Quick Ratio	1,54	1,13	0,38	0,15
Equity Ratio	0,69	0,57	0,56	0,27
Gross Profit Margin	100 %	100 %	100 %	100 %