HAPPY TIMES AS

3510 HØNEFOSS

Finances

Share Ownership

Return on Equity

38,26 %

Current Ratio

0,1

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	625 000	562 000	140 000	211 000
Net Income	−246 000	−35 000	−126 000	−214 000
Total Assets	790 000	507 000	429 000	488 000
Total Equity	−643 000	−397 000	−362 000	−236 000

Income (NOK)	2022	2021	2020	2019
Revenue	625 000	562 000	140 000	211 000
Expenditure	870 000	597 000	269 000	420 000
Operating Profit	−245 000	−35 000	−125 000	−208 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	5 000
Financial Balance	−1 000	−1 000	0	−5 000
Earnings Before Tax	−246 000	−35 000	−126 000	−214 000
Tax	0	0	0	0
Net Income	−246 000	−35 000	−126 000	−214 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	645 000	366 000	418 000	469 000
Total Current Assets	146 000	140 000	12 000	20 000
Total Assets	790 000	507 000	429 000	488 000
Total Retained Equity	−673 000	−422 000	−386 000	−261 000
Total Equity	−643 000	−397 000	−362 000	−236 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 433 000	904 000	791 000	725 000
Total Equity and Debt	790 000	507 000	429 000	488 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	625 000	562 000	140 000	211 000
Other Income	0	0	0	0
Revenue	625 000	562 000	140 000	211 000
Cost of Goods Sold	372 000	321 000	99 000	126 000
Salary Costs	197 000	25 000	1 000	32 000
Depreciation	161 000	51 000	51 000	43 000
Impairment	0	0	0	0
Expenditure	870 000	597 000	269 000	420 000
Operating Profit	−245 000	−35 000	−125 000	−208 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	5 000
Financial Balance	−1 000	−1 000	0	−5 000
Dividends	0	0	0	0
Net Income	−246 000	−35 000	−126 000	−214 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	630 000	0	0	0
Total Intangible Assets	630 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 000	366 000	418 000	469 000
Total Tangible Assets	15 000	366 000	418 000	469 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	645 000	366 000	418 000	469 000
Stock	17 000	0	5 000	2 000
Total Investments	0	0	0	0
Cash, Bank	110 000	139 000	3 000	15 000
Total Current Assets	146 000	140 000	12 000	20 000
Total Assets	790 000	507 000	429 000	488 000
Total Equity	−643 000	−397 000	−362 000	−236 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	41 000	7 000	10 000
Unpaid Taxes	37 000	12 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	1 395 000	851 000	783 000	715 000
Total Current Debt	1 433 000	904 000	791 000	725 000
Total Equity and Debt	790 000	507 000	429 000	488 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,26 %	8,82 %	34,81 %	90,68 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−39,2 %	−6,23 %	−89,29 %	−98,58 %
Current Ratio	0,1	0,15	0,02	0,03
Quick Ratio	0,1	0,15	0,02	0,03
Equity Ratio	−0,81	−0,78	−0,84	−0,48
Gross Profit Margin	40,48 %	42,88 %	29,29 %	40,28 %