HØGVOLL AS

3802 BØ I TELEMARK

Finances

Return on Equity

133,85 %

Current Ratio

1,4

Debt-to-Equity Ratio

2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	57 325 000	430 000	0	35 000
Net Income	10 744 000	9 000	−7 000	2 000
Total Assets	90 936 000	130 500 000	61 244 000	11 216 000
Total Equity	8 027 000	7 204 000	7 195 000	1 532 000

Income (NOK)	2022	2021	2020	2019
Revenue	57 325 000	430 000	0	35 000
Expenditure	42 975 000	430 000	6 000	31 000
Operating Profit	14 350 000	0	−6 000	4 000
Financial Income	1 000	11 000	0	0
Financial Costs	577 000	1 000	2 000	1 000
Financial Balance	−576 000	10 000	−2 000	−1 000
Earnings Before Tax	13 774 000	10 000	−7 000	3 000
Tax	3 030 000	1 000	−1 000	1 000
Net Income	10 744 000	9 000	−7 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 041 000	48 663 000	21 667 000	8 683 000
Total Current Assets	88 895 000	81 837 000	39 577 000	2 533 000
Total Assets	90 936 000	130 500 000	61 244 000	11 216 000
Total Retained Equity	827 000	4 000	−5 000	2 000
Total Equity	8 027 000	7 204 000	7 195 000	1 532 000
Total Long-Term Debt	19 573 000	1 000	1 065 000	8 749 000
Total Current Debt	63 336 000	123 295 000	52 984 000	935 000
Total Equity and Debt	90 936 000	130 500 000	61 244 000	11 216 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	54 135 000	46 000	0	35 000
Other Income	3 190 000	383 000	0	0
Revenue	57 325 000	430 000	0	35 000
Cost of Goods Sold	42 583 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	42 975 000	430 000	6 000	31 000
Operating Profit	14 350 000	0	−6 000	4 000
Financial Income	1 000	11 000	0	0
Financial Costs	577 000	1 000	2 000	1 000
Financial Balance	−576 000	10 000	−2 000	−1 000
Dividends	0	0	0	0
Net Income	10 744 000	9 000	−7 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 011 000	7 000 000	21 667 000	7 000 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 011 000	48 663 000	21 667 000	8 683 000
Total Fiancial Fixed Assets	30 000	0	0	0
Total Fixed Assets	2 041 000	48 663 000	21 667 000	8 683 000
Stock	34 207 000	81 219 000	34 941 000	2 173 000
Total Investments	0	0	0	0
Cash, Bank	1 628 000	2 000	1 728 000	223 000
Total Current Assets	88 895 000	81 837 000	39 577 000	2 533 000
Total Assets	90 936 000	130 500 000	61 244 000	11 216 000
Total Equity	8 027 000	7 204 000	7 195 000	1 532 000
Short-Term Group Debt	12 030 000	0	0	0
Total Long-Term Debt	19 573 000	1 000	1 065 000	8 749 000
Creditors	2 526 000	7 434 000	6 566 000	718 000
Unpaid Taxes	236 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	6 170 000	11 891 000	0	216 000
Total Current Debt	63 336 000	123 295 000	52 984 000	935 000
Total Equity and Debt	90 936 000	130 500 000	61 244 000	11 216 000

Financial indicators	2022	2021	2020	2019
Return on Equity	133,85 %	0,12 %	−0,1 %	0,13 %
Debt-to-Equity Ratio	2,44	0	0,15	5,71
Operating Profit Margin	25,03 %	0 %	-	11,43 %
Current Ratio	1,4	0,66	0,75	2,71
Quick Ratio	3,05	1,94	2,19	−2,05
Equity Ratio	0,09	0,06	0,12	0,14
Gross Profit Margin	25,72 %	100 %	-	100 %