HIVAND SERVICE AS

9912 HESSENG

Finances

Share Ownership

Return on Equity

11,24 %

Current Ratio

1,54

Debt-to-Equity Ratio

−1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 262 000	3 316 000	3 604 000	2 938 000
Net Income	−70 000	−249 000	148 000	−405 000
Total Assets	1 030 000	794 000	1 007 000	1 243 000
Total Equity	−623 000	−553 000	−304 000	−652 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 262 000	3 316 000	3 604 000	2 938 000
Expenditure	3 319 000	3 557 000	3 442 000	3 324 000
Operating Profit	−56 000	−241 000	163 000	−387 000
Financial Income	0	0	0	4 000
Financial Costs	14 000	8 000	15 000	22 000
Financial Balance	−14 000	−8 000	−15 000	−18 000
Earnings Before Tax	−70 000	−249 000	148 000	−405 000
Tax	0	0	0	0
Net Income	−70 000	−249 000	148 000	−405 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	27 000	101 000	175 000
Total Current Assets	1 019 000	767 000	906 000	1 068 000
Total Assets	1 030 000	794 000	1 007 000	1 243 000
Total Retained Equity	−653 000	−583 000	−334 000	−682 000
Total Equity	−623 000	−553 000	−304 000	−652 000
Total Long-Term Debt	989 000	1 019 000	1 084 000	1 299 000
Total Current Debt	663 000	328 000	227 000	596 000
Total Equity and Debt	1 030 000	794 000	1 007 000	1 243 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 199 000	3 270 000	3 535 000	2 745 000
Other Income	63 000	46 000	69 000	192 000
Revenue	3 262 000	3 316 000	3 604 000	2 938 000
Cost of Goods Sold	2 293 000	2 134 000	1 922 000	1 711 000
Salary Costs	344 000	684 000	860 000	1 011 000
Depreciation	32 000	74 000	74 000	74 000
Impairment	0	0	0	0
Expenditure	3 319 000	3 557 000	3 442 000	3 324 000
Operating Profit	−56 000	−241 000	163 000	−387 000
Financial Income	0	0	0	4 000
Financial Costs	14 000	8 000	15 000	22 000
Financial Balance	−14 000	−8 000	−15 000	−18 000
Dividends	0	0	0	0
Net Income	−70 000	−249 000	148 000	−405 000

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	7 000	47 000	87 000
Fixtures	11 000	21 000	55 000	89 000
Total Tangible Assets	11 000	27 000	101 000	175 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 000	27 000	101 000	175 000
Stock	412 000	450 000	542 000	644 000
Total Investments	0	0	0	0
Cash, Bank	63 000	85 000	149 000	49 000
Total Current Assets	1 019 000	767 000	906 000	1 068 000
Total Assets	1 030 000	794 000	1 007 000	1 243 000
Total Equity	−623 000	−553 000	−304 000	−652 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	989 000	1 019 000	1 084 000	1 299 000
Creditors	538 000	215 000	64 000	359 000
Unpaid Taxes	80 000	52 000	75 000	121 000
Dividends	0	0	0	0
Other Current Debt	30 000	61 000	88 000	115 000
Total Current Debt	663 000	328 000	227 000	596 000
Total Equity and Debt	1 030 000	794 000	1 007 000	1 243 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,24 %	45,03 %	−48,68 %	62,12 %
Debt-to-Equity Ratio	−1,59	−1,84	−3,57	−1,99
Operating Profit Margin	−1,72 %	−7,27 %	4,52 %	−13,17 %
Current Ratio	1,54	2,34	3,99	1,79
Quick Ratio	4,06	−6,29	−2,88	−22,25
Equity Ratio	−0,6	−0,7	−0,3	−0,52
Gross Profit Margin	29,71 %	35,65 %	46,67 %	41,76 %