HARD'N HEAVY RECORDS AS

3267 LARVIK

Finances

Share Ownership

Return on Equity

23,24 %

Current Ratio

4,02

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	910 000	1 073 000	613 000	245 000
Net Income	215 000	156 000	249 000	−190 000
Total Assets	1 330 000	1 054 000	867 000	552 000
Total Equity	925 000	683 000	577 000	328 000

Income (NOK)	2022	2021	2020	2019
Revenue	910 000	1 073 000	613 000	245 000
Expenditure	634 000	843 000	332 000	428 000
Operating Profit	276 000	230 000	282 000	−182 000
Financial Income	0	0	0	0
Financial Costs	1 000	74 000	19 000	8 000
Financial Balance	−1 000	−74 000	−19 000	−8 000
Earnings Before Tax	275 000	156 000	263 000	−190 000
Tax	61 000	0	15 000	0
Net Income	215 000	156 000	249 000	−190 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	33 000	14 000	22 000
Total Current Assets	1 330 000	1 022 000	853 000	530 000
Total Assets	1 330 000	1 054 000	867 000	552 000
Total Retained Equity	415 000	173 000	67 000	−181 000
Total Equity	925 000	683 000	577 000	328 000
Total Long-Term Debt	74 000	120 000	120 000	143 000
Total Current Debt	331 000	252 000	170 000	81 000
Total Equity and Debt	1 330 000	1 054 000	867 000	552 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	873 000	1 073 000	613 000	245 000
Other Income	37 000	0	0	0
Revenue	910 000	1 073 000	613 000	245 000
Cost of Goods Sold	383 000	668 000	217 000	340 000
Salary Costs	2 000	0	0	0
Depreciation	14 000	0	8 000	8 000
Impairment	0	0	0	0
Expenditure	634 000	843 000	332 000	428 000
Operating Profit	276 000	230 000	282 000	−182 000
Financial Income	0	0	0	0
Financial Costs	1 000	74 000	19 000	8 000
Financial Balance	−1 000	−74 000	−19 000	−8 000
Dividends	0	0	0	0
Net Income	215 000	156 000	249 000	−190 000

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	14 000	14 000	22 000
Total Tangible Assets	0	14 000	14 000	22 000
Total Fiancial Fixed Assets	0	19 000	0	0
Total Fixed Assets	0	33 000	14 000	22 000
Stock	1 289 000	980 000	800 000	520 000
Total Investments	0	0	0	0
Cash, Bank	30 000	119 000	12 000	3 000
Total Current Assets	1 330 000	1 022 000	853 000	530 000
Total Assets	1 330 000	1 054 000	867 000	552 000
Total Equity	925 000	683 000	577 000	328 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	74 000	120 000	120 000	143 000
Creditors	0	0	59 000	10 000
Unpaid Taxes	38 000	130 000	0	0
Dividends	0	0	0	0
Other Current Debt	230 000	100 000	100 000	71 000
Total Current Debt	331 000	252 000	170 000	81 000
Total Equity and Debt	1 330 000	1 054 000	867 000	552 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,24 %	22,84 %	43,15 %	−57,93 %
Debt-to-Equity Ratio	0,08	0,18	0,21	0,44
Operating Profit Margin	30,33 %	21,44 %	46 %	−74,29 %
Current Ratio	4,02	4,06	5,02	6,54
Quick Ratio	−1,39	−1,4	−1,35	−1,21
Equity Ratio	0,7	0,65	0,67	0,59
Gross Profit Margin	57,91 %	37,74 %	64,6 %	−38,78 %