HØGLUND GAS SOLUTIONS AS

3157 BARKÅKER

Finances

Share Ownership

Return on Equity

133 %

Current Ratio

0,99

Debt-to-Equity Ratio

−2,5

Key figures (NOK)	2021	2020	2019	2018
Revenue	273 146 000	133 886 000	36 102 000	43 000
Net Income	−2 390 000	139 000	3 053 000	−2 055 000
Total Assets	209 433 000	74 199 000	27 499 000	8 176 000
Total Equity	−1 797 000	756 000	595 000	−2 458 000

Income (NOK)	2021	2020	2019	2018
Revenue	273 146 000	133 886 000	36 102 000	43 000
Expenditure	273 833 000	132 692 000	32 523 000	2 935 000
Operating Profit	−687 000	1 194 000	3 579 000	−2 890 000
Financial Income	8 035 000	2 920 000	485 000	311 000
Financial Costs	10 271 000	4 058 000	60 000	17 000
Financial Balance	−2 236 000	−1 138 000	425 000	294 000
Earnings Before Tax	−2 923 000	56 000	4 004 000	−2 596 000
Tax	−532 000	−84 000	951 000	−541 000
Net Income	−2 390 000	139 000	3 053 000	−2 055 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	5 451 000	5 448 000	142 000	773 000
Total Current Assets	203 983 000	68 751 000	27 356 000	7 403 000
Total Assets	209 433 000	74 199 000	27 499 000	8 176 000
Total Retained Equity	−1 897 000	656 000	495 000	−2 558 000
Total Equity	−1 797 000	756 000	595 000	−2 458 000
Total Long-Term Debt	4 500 000	0	1 000	0
Total Current Debt	206 730 000	73 444 000	26 903 000	10 635 000
Total Equity and Debt	209 433 000	74 199 000	27 499 000	8 176 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	273 022 000	133 869 000	36 102 000	42 000
Other Income	124 000	16 000	0	1 000
Revenue	273 146 000	133 886 000	36 102 000	43 000
Cost of Goods Sold	227 066 000	119 796 000	25 842 000	0
Salary Costs	15 946 000	5 632 000	4 521 000	1 769 000
Depreciation	1 108 000	41 000	20 000	10 000
Impairment	0	0	0	0
Expenditure	273 833 000	132 692 000	32 523 000	2 935 000
Operating Profit	−687 000	1 194 000	3 579 000	−2 890 000
Financial Income	8 035 000	2 920 000	485 000	311 000
Financial Costs	10 271 000	4 058 000	60 000	17 000
Financial Balance	−2 236 000	−1 138 000	425 000	294 000
Dividends	0	0	0	0
Net Income	−2 390 000	139 000	3 053 000	−2 055 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	5 206 000	5 279 000	0	717 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	87 000	82 000	64 000	31 000
Total Tangible Assets	87 000	82 000	64 000	31 000
Total Fiancial Fixed Assets	158 000	88 000	78 000	25 000
Total Fixed Assets	5 451 000	5 448 000	142 000	773 000
Stock	0	2 470 000	2 229 000	0
Total Investments	0	0	0	0
Cash, Bank	13 279 000	33 942 000	12 463 000	6 117 000
Total Current Assets	203 983 000	68 751 000	27 356 000	7 403 000
Total Assets	209 433 000	74 199 000	27 499 000	8 176 000
Total Equity	−1 797 000	756 000	595 000	−2 458 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 500 000	0	1 000	0
Creditors	10 481 000	5 135 000	3 170 000	103 000
Unpaid Taxes	1 280 000	757 000	227 000	81 000
Dividends	0	0	0	0
Other Current Debt	194 308 000	67 288 000	23 247 000	10 424 000
Total Current Debt	206 730 000	73 444 000	26 903 000	10 635 000
Total Equity and Debt	209 433 000	74 199 000	27 499 000	8 176 000

Financial indicators	2021	2020	2019	2018
Return on Equity	133 %	18,39 %	513,11 %	83,6 %
Debt-to-Equity Ratio	−2,5	0	0	−0
Operating Profit Margin	−0,25 %	0,89 %	9,91 %	−6 720,93 %
Current Ratio	0,99	0,94	1,02	0,7
Quick Ratio	0,99	0,97	1,11	0,7
Equity Ratio	−0,01	0,01	0,02	−0,3
Gross Profit Margin	16,87 %	10,52 %	28,42 %	100 %