HITZ OPTIKK AS

3256 LARVIK

Finances

Return on Equity

−172,04 %

Current Ratio

1,36

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 629 000	4 752 000	4 577 000	3 848 000
Net Income	−363 000	138 000	646 000	339 000
Total Assets	2 224 000	1 897 000	1 500 000	1 285 000
Total Equity	211 000	574 000	436 000	−210 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 629 000	4 752 000	4 577 000	3 848 000
Expenditure	4 956 000	4 572 000	3 784 000	3 474 000
Operating Profit	−327 000	180 000	793 000	374 000
Financial Income	22 000	16 000	11 000	12 000
Financial Costs	58 000	23 000	47 000	47 000
Financial Balance	−36 000	−7 000	−36 000	−35 000
Earnings Before Tax	−363 000	173 000	757 000	339 000
Tax	0	35 000	111 000	0
Net Income	−363 000	138 000	646 000	339 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 000	41 000	61 000	18 000
Total Current Assets	2 202 000	1 856 000	1 440 000	1 267 000
Total Assets	2 224 000	1 897 000	1 500 000	1 285 000
Total Retained Equity	181 000	544 000	406 000	−234 000
Total Equity	211 000	574 000	436 000	−210 000
Total Long-Term Debt	393 000	484 000	333 000	398 000
Total Current Debt	1 620 000	839 000	731 000	1 097 000
Total Equity and Debt	2 224 000	1 897 000	1 500 000	1 285 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 533 000	4 637 000	4 377 000	3 761 000
Other Income	95 000	114 000	200 000	87 000
Revenue	4 629 000	4 752 000	4 577 000	3 848 000
Cost of Goods Sold	1 488 000	1 371 000	1 302 000	1 087 000
Salary Costs	2 433 000	2 206 000	1 565 000	1 628 000
Depreciation	20 000	20 000	16 000	19 000
Impairment	0	0	0	0
Expenditure	4 956 000	4 572 000	3 784 000	3 474 000
Operating Profit	−327 000	180 000	793 000	374 000
Financial Income	22 000	16 000	11 000	12 000
Financial Costs	58 000	23 000	47 000	47 000
Financial Balance	−36 000	−7 000	−36 000	−35 000
Dividends	0	0	0	0
Net Income	−363 000	138 000	646 000	339 000

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	11 000	31 000	51 000	8 000
Total Tangible Assets	11 000	31 000	51 000	8 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	21 000	41 000	61 000	18 000
Stock	1 501 000	1 414 000	1 065 000	935 000
Total Investments	0	0	0	0
Cash, Bank	45 000	96 000	95 000	65 000
Total Current Assets	2 202 000	1 856 000	1 440 000	1 267 000
Total Assets	2 224 000	1 897 000	1 500 000	1 285 000
Total Equity	211 000	574 000	436 000	−210 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	393 000	484 000	333 000	398 000
Creditors	940 000	201 000	306 000	360 000
Unpaid Taxes	312 000	250 000	242 000	270 000
Dividends	0	0	0	0
Other Current Debt	230 000	232 000	25 000	316 000
Total Current Debt	1 620 000	839 000	731 000	1 097 000
Total Equity and Debt	2 224 000	1 897 000	1 500 000	1 285 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−172,04 %	24,04 %	148,17 %	−161,43 %
Debt-to-Equity Ratio	1,86	0,84	0,76	−1,9
Operating Profit Margin	−7,06 %	3,79 %	17,33 %	9,72 %
Current Ratio	1,36	2,21	1,97	1,15
Quick Ratio	18,5	−3,23	−4,31	7,82
Equity Ratio	0,09	0,3	0,29	−0,16
Gross Profit Margin	67,85 %	71,15 %	71,55 %	71,75 %