HØGSETH TRANSPORT AS

1960 LØKEN

Finances

Share Ownership

Return on Equity

−68,83 %

Current Ratio

0,67

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 880 000	2 159 000	3 990 000	2 783 000
Net Income	170 000	−76 000	−188 000	−184 000
Total Assets	564 000	563 000	711 000	856 000
Total Equity	−247 000	−417 000	−341 000	−154 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 880 000	2 159 000	3 990 000	2 783 000
Expenditure	1 681 000	2 209 000	4 155 000	2 950 000
Operating Profit	198 000	−50 000	−164 000	−168 000
Financial Income	8 000	4 000	6 000	0
Financial Costs	36 000	31 000	30 000	16 000
Financial Balance	−28 000	−27 000	−24 000	−16 000
Earnings Before Tax	170 000	−76 000	−188 000	−184 000
Tax	0	0	0	0
Net Income	170 000	−76 000	−188 000	−184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 000	0	0	14 000
Total Current Assets	542 000	563 000	711 000	842 000
Total Assets	564 000	563 000	711 000	856 000
Total Retained Equity	−277 000	−447 000	−371 000	−184 000
Total Equity	−247 000	−417 000	−341 000	−154 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	811 000	980 000	1 053 000	1 010 000
Total Equity and Debt	564 000	563 000	711 000	856 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 880 000	1 970 000	3 821 000	2 783 000
Other Income	0	189 000	169 000	0
Revenue	1 880 000	2 159 000	3 990 000	2 783 000
Cost of Goods Sold	2 000	0	0	0
Salary Costs	511 000	663 000	1 316 000	728 000
Depreciation	7 000	0	14 000	4 000
Impairment	0	0	0	0
Expenditure	1 681 000	2 209 000	4 155 000	2 950 000
Operating Profit	198 000	−50 000	−164 000	−168 000
Financial Income	8 000	4 000	6 000	0
Financial Costs	36 000	31 000	30 000	16 000
Financial Balance	−28 000	−27 000	−24 000	−16 000
Dividends	0	0	0	0
Net Income	170 000	−76 000	−188 000	−184 000

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	23 000	0	0	14 000
Total Tangible Assets	23 000	0	0	14 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 000	0	0	14 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	542 000	563 000	711 000	842 000
Total Assets	564 000	563 000	711 000	856 000
Total Equity	−247 000	−417 000	−341 000	−154 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	57 000	206 000	327 000	399 000
Unpaid Taxes	168 000	125 000	171 000	144 000
Dividends	0	0	0	0
Other Current Debt	66 000	132 000	143 000	140 000
Total Current Debt	811 000	980 000	1 053 000	1 010 000
Total Equity and Debt	564 000	563 000	711 000	856 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−68,83 %	18,23 %	55,13 %	119,48 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	10,53 %	−2,32 %	−4,11 %	−6,04 %
Current Ratio	0,67	0,57	0,68	0,83
Quick Ratio	0,67	0,57	0,68	0,83
Equity Ratio	−0,44	−0,74	−0,48	−0,18
Gross Profit Margin	99,89 %	100 %	100 %	100 %