HOVDEJORD AS

3690 HJARTDAL

Finances

Share Ownership

Return on Equity

32,39 %

Current Ratio

1,56

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 450 000	6 750 000	3 226 000	1 925 000
Net Income	817 000	771 000	442 000	134 000
Total Assets	4 605 000	3 936 000	1 797 000	1 037 000
Total Equity	2 522 000	1 705 000	1 234 000	791 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 450 000	6 750 000	3 226 000	1 925 000
Expenditure	7 385 000	5 752 000	2 661 000	1 754 000
Operating Profit	1 066 000	998 000	566 000	171 000
Financial Income	3 000	0	1 000	1 000
Financial Costs	21 000	9 000	0	0
Financial Balance	−18 000	−9 000	1 000	1 000
Earnings Before Tax	1 048 000	989 000	567 000	172 000
Tax	231 000	218 000	125 000	38 000
Net Income	817 000	771 000	442 000	134 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 033 000	1 537 000	329 000	114 000
Total Current Assets	2 572 000	2 399 000	1 469 000	923 000
Total Assets	4 605 000	3 936 000	1 797 000	1 037 000
Total Retained Equity	2 322 000	1 505 000	1 034 000	591 000
Total Equity	2 522 000	1 705 000	1 234 000	791 000
Total Long-Term Debt	433 000	539 000	0	0
Total Current Debt	1 649 000	1 692 000	564 000	245 000
Total Equity and Debt	4 605 000	3 936 000	1 797 000	1 037 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 450 000	6 670 000	3 226 000	1 925 000
Other Income	0	80 000	0	0
Revenue	8 450 000	6 750 000	3 226 000	1 925 000
Cost of Goods Sold	1 009 000	1 022 000	33 000	113 000
Salary Costs	3 607 000	2 379 000	1 108 000	723 000
Depreciation	476 000	282 000	139 000	62 000
Impairment	0	0	0	0
Expenditure	7 385 000	5 752 000	2 661 000	1 754 000
Operating Profit	1 066 000	998 000	566 000	171 000
Financial Income	3 000	0	1 000	1 000
Financial Costs	21 000	9 000	0	0
Financial Balance	−18 000	−9 000	1 000	1 000
Dividends	0	300 000	0	0
Net Income	817 000	771 000	442 000	134 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	12 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	772 000	0	0
Fixtures	1 686 000	327 000	316 000	108 000
Total Tangible Assets	1 686 000	1 099 000	316 000	108 000
Total Fiancial Fixed Assets	347 000	438 000	0	0
Total Fixed Assets	2 033 000	1 537 000	329 000	114 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	757 000	995 000	755 000	540 000
Total Current Assets	2 572 000	2 399 000	1 469 000	923 000
Total Assets	4 605 000	3 936 000	1 797 000	1 037 000
Total Equity	2 522 000	1 705 000	1 234 000	791 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	433 000	539 000	0	0
Creditors	276 000	295 000	87 000	29 000
Unpaid Taxes	581 000	491 000	161 000	45 000
Dividends	0	300 000	0	0
Other Current Debt	558 000	707 000	185 000	127 000
Total Current Debt	1 649 000	1 692 000	564 000	245 000
Total Equity and Debt	4 605 000	3 936 000	1 797 000	1 037 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,39 %	45,22 %	35,82 %	16,94 %
Debt-to-Equity Ratio	0,17	0,32	0	0
Operating Profit Margin	12,62 %	14,79 %	17,54 %	8,88 %
Current Ratio	1,56	1,42	2,6	3,77
Quick Ratio	1,56	1,42	2,6	3,77
Equity Ratio	0,55	0,43	0,69	0,76
Gross Profit Margin	88,06 %	84,86 %	98,98 %	94,13 %