HVALBORG AS

1259 OSLO

Finances

Return on Equity

22,24 %

Current Ratio

263,5

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 000	68 000	174 000	20 000
Net Income	454 000	620 000	923 000	20 000
Total Assets	2 245 000	1 610 000	1 349 000	384 000
Total Equity	2 041 000	1 587 000	967 000	44 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 000	68 000	174 000	20 000
Expenditure	182 000	2 000	0	0
Operating Profit	−72 000	66 000	174 000	20 000
Financial Income	530 000	572 000	789 000	0
Financial Costs	4 000	0	0	0
Financial Balance	526 000	572 000	789 000	0
Earnings Before Tax	454 000	637 000	963 000	20 000
Tax	0	17 000	40 000	0
Net Income	454 000	620 000	923 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 191 000	916 000	713 000	383 000
Total Current Assets	1 054 000	694 000	635 000	1 000
Total Assets	2 245 000	1 610 000	1 349 000	384 000
Total Retained Equity	0	0	0	14 000
Total Equity	2 041 000	1 587 000	967 000	44 000
Total Long-Term Debt	200 000	0	342 000	340 000
Total Current Debt	4 000	23 000	40 000	0
Total Equity and Debt	2 245 000	1 610 000	1 349 000	384 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	111 000	68 000	174 000	0
Other Income	0	0	0	20 000
Revenue	111 000	68 000	174 000	20 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	182 000	2 000	0	0
Operating Profit	−72 000	66 000	174 000	20 000
Financial Income	530 000	572 000	789 000	0
Financial Costs	4 000	0	0	0
Financial Balance	526 000	572 000	789 000	0
Dividends	0	0	0	0
Net Income	454 000	620 000	923 000	20 000

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	1 191 000	916 000	713 000	383 000
Total Fixed Assets	1 191 000	916 000	713 000	383 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 043 000	694 000	461 000	1 000
Total Current Assets	1 054 000	694 000	635 000	1 000
Total Assets	2 245 000	1 610 000	1 349 000	384 000
Total Equity	2 041 000	1 587 000	967 000	44 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	200 000	0	342 000	340 000
Creditors	0	0	0	0
Unpaid Taxes	4 000	5 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	4 000	23 000	40 000	0
Total Equity and Debt	2 245 000	1 610 000	1 349 000	384 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,24 %	39,07 %	95,45 %	45,45 %
Debt-to-Equity Ratio	0,1	0	0,35	7,73
Operating Profit Margin	−64,86 %	97,06 %	100 %	100 %
Current Ratio	263,5	30,17	15,88	-
Quick Ratio	263,5	30,17	15,88	-
Equity Ratio	0,91	0,99	0,72	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %