HYDRECO HYDRAULICS NORWAY AS

1482 NITTEDAL

Finances

Share Ownership

Return on Equity

17,17 %

Current Ratio

2,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 357 000	24 063 000	17 759 000	21 172 000
Net Income	1 588 000	2 054 000	1 895 000	1 485 000
Total Assets	12 323 000	15 448 000	7 236 000	6 126 000
Total Equity	9 251 000	7 663 000	5 609 000	3 714 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 357 000	24 063 000	17 759 000	21 172 000
Expenditure	18 931 000	21 953 000	15 826 000	19 584 000
Operating Profit	1 425 000	2 110 000	1 933 000	1 589 000
Financial Income	574 000	317 000	452 000	169 000
Financial Costs	412 000	373 000	490 000	273 000
Financial Balance	162 000	−56 000	−38 000	−104 000
Earnings Before Tax	1 588 000	2 054 000	1 895 000	1 485 000
Tax	0	0	0	0
Net Income	1 588 000	2 054 000	1 895 000	1 485 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 384 000	3 407 000	1 307 000	18 000
Total Current Assets	7 939 000	12 040 000	5 929 000	6 108 000
Total Assets	12 323 000	15 448 000	7 236 000	6 126 000
Total Retained Equity	8 051 000	6 463 000	4 409 000	2 514 000
Total Equity	9 251 000	7 663 000	5 609 000	3 714 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 072 000	7 785 000	1 627 000	2 412 000
Total Equity and Debt	12 323 000	15 448 000	7 236 000	6 126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 357 000	24 063 000	17 759 000	21 172 000
Other Income	0	0	0	0
Revenue	20 357 000	24 063 000	17 759 000	21 172 000
Cost of Goods Sold	13 276 000	16 570 000	10 564 000	13 925 000
Salary Costs	3 550 000	3 596 000	3 533 000	3 733 000
Depreciation	37 000	25 000	20 000	17 000
Impairment	0	0	0	0
Expenditure	18 931 000	21 953 000	15 826 000	19 584 000
Operating Profit	1 425 000	2 110 000	1 933 000	1 589 000
Financial Income	574 000	317 000	452 000	169 000
Financial Costs	412 000	373 000	490 000	273 000
Financial Balance	162 000	−56 000	−38 000	−104 000
Dividends	0	0	0	0
Net Income	1 588 000	2 054 000	1 895 000	1 485 000

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	101 000	94 000	41 000	18 000
Total Tangible Assets	101 000	94 000	41 000	18 000
Total Fiancial Fixed Assets	4 283 000	3 314 000	1 266 000	0
Total Fixed Assets	4 384 000	3 407 000	1 307 000	18 000
Stock	1 880 000	1 524 000	1 901 000	1 260 000
Total Investments	0	0	0	0
Cash, Bank	2 477 000	2 210 000	1 654 000	1 698 000
Total Current Assets	7 939 000	12 040 000	5 929 000	6 108 000
Total Assets	12 323 000	15 448 000	7 236 000	6 126 000
Total Equity	9 251 000	7 663 000	5 609 000	3 714 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 661 000	1 874 000	426 000	904 000
Unpaid Taxes	706 000	1 137 000	648 000	760 000
Dividends	0	0	0	0
Other Current Debt	705 000	4 774 000	554 000	748 000
Total Current Debt	3 072 000	7 785 000	1 627 000	2 412 000
Total Equity and Debt	12 323 000	15 448 000	7 236 000	6 126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,17 %	26,8 %	33,78 %	39,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7 %	8,77 %	10,88 %	7,51 %
Current Ratio	2,58	1,55	3,64	2,53
Quick Ratio	6,66	1,92	−21,64	5,3
Equity Ratio	0,75	0,5	0,78	0,61
Gross Profit Margin	34,78 %	31,14 %	40,51 %	34,23 %