HOGEN SYSTEMS AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

33,91 %

Current Ratio

0,15

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	137 000	454 000	753 000	199 000
Net Income	−947 000	−613 000	−635 000	−631 000
Total Assets	481 000	251 000	474 000	442 000
Total Equity	−2 793 000	−1 846 000	−1 233 000	−598 000

Income (NOK)	2022	2021	2020	2019
Revenue	137 000	454 000	753 000	199 000
Expenditure	983 000	1 013 000	1 356 000	769 000
Operating Profit	−847 000	−558 000	−603 000	−570 000
Financial Income	7 000	4 000	6 000	1 000
Financial Costs	107 000	58 000	38 000	44 000
Financial Balance	−100 000	−54 000	−32 000	−43 000
Earnings Before Tax	−947 000	−613 000	−635 000	−613 000
Tax	0	0	0	18 000
Net Income	−947 000	−613 000	−635 000	−631 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	481 000	251 000	474 000	442 000
Total Assets	481 000	251 000	474 000	442 000
Total Retained Equity	−2 888 000	−1 940 000	−1 328 000	−693 000
Total Equity	−2 793 000	−1 846 000	−1 233 000	−598 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 275 000	2 097 000	1 707 000	1 040 000
Total Equity and Debt	481 000	251 000	474 000	442 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	137 000	0	277 000	0
Other Income	0	454 000	476 000	199 000
Revenue	137 000	454 000	753 000	199 000
Cost of Goods Sold	0	64 000	563 000	0
Salary Costs	781 000	591 000	587 000	642 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	983 000	1 013 000	1 356 000	769 000
Operating Profit	−847 000	−558 000	−603 000	−570 000
Financial Income	7 000	4 000	6 000	1 000
Financial Costs	107 000	58 000	38 000	44 000
Financial Balance	−100 000	−54 000	−32 000	−43 000
Dividends	0	0	0	0
Net Income	−947 000	−613 000	−635 000	−631 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	457 000	162 000	246 000	235 000
Total Current Assets	481 000	251 000	474 000	442 000
Total Assets	481 000	251 000	474 000	442 000
Total Equity	−2 793 000	−1 846 000	−1 233 000	−598 000
Short-Term Group Debt	1 110 000	769 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	241 000	220 000	198 000	2 000
Unpaid Taxes	41 000	27 000	27 000	37 000
Dividends	0	0	0	0
Other Current Debt	1 882 000	1 081 000	1 483 000	1 001 000
Total Current Debt	3 275 000	2 097 000	1 707 000	1 040 000
Total Equity and Debt	481 000	251 000	474 000	442 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,91 %	33,21 %	51,5 %	105,52 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−618,25 %	−122,91 %	−80,08 %	−286,43 %
Current Ratio	0,15	0,12	0,28	0,43
Quick Ratio	0,15	0,12	0,28	0,43
Equity Ratio	−5,81	−7,35	−2,6	−1,35
Gross Profit Margin	100 %	85,9 %	25,23 %	100 %