HORTEN ELEKTRO SERVICE AS

3187 HORTEN

Finances

Share Ownership

Return on Equity

12,03 %

Current Ratio

1,15

Debt-to-Equity Ratio

1,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 476 000	9 194 000	5 828 000	4 004 000
Net Income	51 000	273 000	213 000	97 000
Total Assets	3 611 000	2 871 000	1 978 000	1 242 000
Total Equity	424 000	373 000	460 000	247 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 476 000	9 194 000	5 828 000	4 004 000
Expenditure	11 364 000	8 839 000	5 549 000	3 871 000
Operating Profit	112 000	355 000	278 000	133 000
Financial Income	1 000	1 000	0	0
Financial Costs	44 000	5 000	6 000	6 000
Financial Balance	−43 000	−4 000	−6 000	−6 000
Earnings Before Tax	70 000	351 000	273 000	126 000
Tax	20 000	77 000	60 000	29 000
Net Income	51 000	273 000	213 000	97 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	658 000	73 000	88 000	125 000
Total Current Assets	2 952 000	2 798 000	1 890 000	1 117 000
Total Assets	3 611 000	2 871 000	1 978 000	1 242 000
Total Retained Equity	274 000	223 000	310 000	97 000
Total Equity	424 000	373 000	460 000	247 000
Total Long-Term Debt	627 000	0	0	0
Total Current Debt	2 560 000	2 498 000	1 519 000	995 000
Total Equity and Debt	3 611 000	2 871 000	1 978 000	1 242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 476 000	9 194 000	5 822 000	3 999 000
Other Income	0	0	6 000	5 000
Revenue	11 476 000	9 194 000	5 828 000	4 004 000
Cost of Goods Sold	3 196 000	3 199 000	1 755 000	1 416 000
Salary Costs	6 543 000	4 256 000	2 922 000	1 704 000
Depreciation	69 000	43 000	37 000	11 000
Impairment	0	0	0	0
Expenditure	11 364 000	8 839 000	5 549 000	3 871 000
Operating Profit	112 000	355 000	278 000	133 000
Financial Income	1 000	1 000	0	0
Financial Costs	44 000	5 000	6 000	6 000
Financial Balance	−43 000	−4 000	−6 000	−6 000
Dividends	0	300 000	0	0
Net Income	51 000	273 000	213 000	97 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	17 000	11 000	11 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	643 000	41 000	63 000	99 000
Total Tangible Assets	643 000	41 000	63 000	99 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	658 000	73 000	88 000	125 000
Stock	395 000	261 000	200 000	151 000
Total Investments	0	0	0	0
Cash, Bank	812 000	1 347 000	1 189 000	538 000
Total Current Assets	2 952 000	2 798 000	1 890 000	1 117 000
Total Assets	3 611 000	2 871 000	1 978 000	1 242 000
Total Equity	424 000	373 000	460 000	247 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	627 000	0	0	0
Creditors	719 000	829 000	504 000	441 000
Unpaid Taxes	705 000	475 000	388 000	129 000
Dividends	0	300 000	0	0
Other Current Debt	1 136 000	810 000	567 000	385 000
Total Current Debt	2 560 000	2 498 000	1 519 000	995 000
Total Equity and Debt	3 611 000	2 871 000	1 978 000	1 242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,03 %	73,19 %	46,3 %	39,27 %
Debt-to-Equity Ratio	1,48	0	0	0
Operating Profit Margin	0,98 %	3,86 %	4,77 %	3,32 %
Current Ratio	1,15	1,12	1,24	1,12
Quick Ratio	1,36	1,25	1,43	1,32
Equity Ratio	0,12	0,13	0,23	0,2
Gross Profit Margin	72,15 %	65,21 %	69,89 %	64,64 %