HORZE INTERNATIONAL

DE-36041 Fulda

Finances

Share Ownership

Return on Equity

9,55 %

Current Ratio

1,85

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019
Revenue	4 435 000	15 824 000	22 248 000
Net Income	293 000	1 308 000	1 567 000
Total Assets	6 696 000	17 504 000	10 215 000
Total Equity	3 069 000	11 881 000	4 714 000

Income (NOK)	2021	2020	2019
Revenue	4 435 000	15 824 000	22 248 000
Expenditure	4 050 000	14 146 000	20 231 000
Operating Profit	385 000	1 678 000	2 018 000
Financial Income	0	0	0
Financial Costs	0	0	9 000
Financial Balance	0	0	−9 000
Earnings Before Tax	385 000	1 678 000	2 008 000
Tax	92 000	370 000	442 000
Net Income	293 000	1 308 000	1 567 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	0	42 000	56 000
Total Current Assets	6 696 000	17 461 000	10 159 000
Total Assets	6 696 000	17 504 000	10 215 000
Total Retained Equity	3 069 000	2 875 000	1 567 000
Total Equity	3 069 000	11 881 000	4 714 000
Total Long-Term Debt	0	0	0
Total Current Debt	3 627 000	5 623 000	5 502 000
Total Equity and Debt	6 696 000	17 504 000	10 215 000

Cash flow (NOK)	2021	2020	2019
Sales Income	4 435 000	15 824 000	22 248 000
Other Income	0	0	0
Revenue	4 435 000	15 824 000	22 248 000
Cost of Goods Sold	0	0	0
Salary Costs	2 536 000	11 708 000	17 271 000
Depreciation	42 000	14 000	14 000
Impairment	0	0	0
Expenditure	4 050 000	14 146 000	20 231 000
Operating Profit	385 000	1 678 000	2 018 000
Financial Income	0	0	0
Financial Costs	0	0	9 000
Financial Balance	0	0	−9 000
Dividends	0	0	0
Net Income	293 000	1 308 000	1 567 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	42 000	56 000
Total Tangible Assets	0	42 000	56 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	42 000	56 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	6 696 000	17 461 000	8 209 000
Total Current Assets	6 696 000	17 461 000	10 159 000
Total Assets	6 696 000	17 504 000	10 215 000
Total Equity	3 069 000	11 881 000	4 714 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	21 000	548 000
Unpaid Taxes	3 324 000	4 073 000	3 188 000
Dividends	0	0	0
Other Current Debt	211 000	1 159 000	1 325 000
Total Current Debt	3 627 000	5 623 000	5 502 000
Total Equity and Debt	6 696 000	17 504 000	10 215 000

Financial indicators	2021	2020	2019
Return on Equity	9,55 %	11,01 %	33,24 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	8,68 %	10,6 %	9,07 %
Current Ratio	1,85	3,11	1,85
Quick Ratio	1,85	3,11	1,85
Equity Ratio	0,46	0,68	0,46
Gross Profit Margin	100 %	100 %	100 %

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