SIMEN HØGSTAD MASKINENTREPRENØR AS

3803 BØ I TELEMARK

Finances

Share Ownership

Return on Equity

−9,36 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 952 000	7 882 000	9 835 000	2 962 000
Net Income	−50 000	33 000	593 000	91 000
Total Assets	1 837 000	1 644 000	2 582 000	1 647 000
Total Equity	534 000	584 000	551 000	108 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 952 000	7 882 000	9 835 000	2 962 000
Expenditure	5 991 000	7 825 000	9 069 000	2 849 000
Operating Profit	−39 000	57 000	766 000	113 000
Financial Income	10 000	0	0	0
Financial Costs	35 000	15 000	6 000	0
Financial Balance	−25 000	−15 000	−6 000	0
Earnings Before Tax	−64 000	42 000	761 000	113 000
Tax	−14 000	9 000	167 000	22 000
Net Income	−50 000	33 000	593 000	91 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	666 000	722 000	388 000	0
Total Current Assets	1 170 000	922 000	2 194 000	1 647 000
Total Assets	1 837 000	1 644 000	2 582 000	1 647 000
Total Retained Equity	517 000	567 000	534 000	91 000
Total Equity	534 000	584 000	551 000	108 000
Total Long-Term Debt	370 000	14 000	5 000	6 000
Total Current Debt	932 000	1 046 000	2 027 000	1 533 000
Total Equity and Debt	1 837 000	1 644 000	2 582 000	1 647 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 228 000	7 865 000	9 795 000	2 962 000
Other Income	724 000	17 000	40 000	0
Revenue	5 952 000	7 882 000	9 835 000	2 962 000
Cost of Goods Sold	603 000	2 540 000	4 187 000	2 144 000
Salary Costs	2 579 000	2 751 000	2 378 000	391 000
Depreciation	67 000	52 000	23 000	0
Impairment	0	0	0	0
Expenditure	5 991 000	7 825 000	9 069 000	2 849 000
Operating Profit	−39 000	57 000	766 000	113 000
Financial Income	10 000	0	0	0
Financial Costs	35 000	15 000	6 000	0
Financial Balance	−25 000	−15 000	−6 000	0
Dividends	0	0	150 000	0
Net Income	−50 000	33 000	593 000	91 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	204 000	213 000	0	0
Machinery and Plant Facilities	91 000	117 000	0	0
Fixtures	218 000	186 000	230 000	0
Total Tangible Assets	513 000	515 000	230 000	0
Total Fiancial Fixed Assets	153 000	206 000	158 000	0
Total Fixed Assets	666 000	722 000	388 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 000	101 000	986 000	62 000
Total Current Assets	1 170 000	922 000	2 194 000	1 647 000
Total Assets	1 837 000	1 644 000	2 582 000	1 647 000
Total Equity	534 000	584 000	551 000	108 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	370 000	14 000	5 000	6 000
Creditors	278 000	379 000	1 018 000	565 000
Unpaid Taxes	233 000	318 000	181 000	175 000
Dividends	0	0	150 000	0
Other Current Debt	421 000	349 000	509 000	777 000
Total Current Debt	932 000	1 046 000	2 027 000	1 533 000
Total Equity and Debt	1 837 000	1 644 000	2 582 000	1 647 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,36 %	5,65 %	107,62 %	84,26 %
Debt-to-Equity Ratio	0,69	0,02	0,01	0,06
Operating Profit Margin	−0,66 %	0,72 %	7,79 %	3,81 %
Current Ratio	1,26	0,88	1,08	1,07
Quick Ratio	1,26	0,88	1,08	1,07
Equity Ratio	0,29	0,36	0,21	0,07
Gross Profit Margin	89,87 %	67,77 %	57,43 %	27,62 %