HRC EUROPE AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

76,59 %

Current Ratio

Debt-to-Equity Ratio

0,68

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 715 000	53 005 000	29 700 000	66 994 000
Net Income	13 986 000	2 956 000	17 983 000	16 279 000
Total Assets	40 601 000	35 510 000	43 890 000	82 062 000
Total Equity	18 262 000	8 557 000	17 231 000	17 248 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 715 000	53 005 000	29 700 000	66 994 000
Expenditure	46 210 000	48 462 000	26 627 000	46 223 000
Operating Profit	505 000	4 543 000	3 074 000	20 771 000
Financial Income	15 261 000	693 000	16 539 000	1 898 000
Financial Costs	1 599 000	1 460 000	545 000	1 586 000
Financial Balance	13 662 000	−767 000	15 994 000	312 000
Earnings Before Tax	14 167 000	3 776 000	19 068 000	21 084 000
Tax	181 000	820 000	1 085 000	4 805 000
Net Income	13 986 000	2 956 000	17 983 000	16 279 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	677 000	612 000	510 000	40 156 000
Total Current Assets	39 924 000	34 898 000	43 380 000	41 907 000
Total Assets	40 601 000	35 510 000	43 890 000	82 062 000
Total Retained Equity	17 362 000	7 657 000	16 331 000	16 348 000
Total Equity	18 262 000	8 557 000	17 231 000	17 248 000
Total Long-Term Debt	12 357 000	16 297 000	18 213 000	51 756 000
Total Current Debt	9 983 000	10 656 000	8 445 000	13 058 000
Total Equity and Debt	40 601 000	35 510 000	43 890 000	82 062 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 715 000	53 005 000	29 700 000	66 994 000
Other Income	0	0	0	0
Revenue	46 715 000	53 005 000	29 700 000	66 994 000
Cost of Goods Sold	26 123 000	22 970 000	10 361 000	21 536 000
Salary Costs	13 819 000	19 582 000	10 709 000	17 095 000
Depreciation	321 000	419 000	674 000	989 000
Impairment	0	0	0	0
Expenditure	46 210 000	48 462 000	26 627 000	46 223 000
Operating Profit	505 000	4 543 000	3 074 000	20 771 000
Financial Income	15 261 000	693 000	16 539 000	1 898 000
Financial Costs	1 599 000	1 460 000	545 000	1 586 000
Financial Balance	13 662 000	−767 000	15 994 000	312 000
Dividends	4 000 000	11 400 000	4 000 000	0
Net Income	13 986 000	2 956 000	17 983 000	16 279 000

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	617 000	552 000	450 000	977 000
Fixtures	0	0	0	0
Total Tangible Assets	617 000	552 000	450 000	977 000
Total Fiancial Fixed Assets	60 000	60 000	60 000	39 179 000
Total Fixed Assets	677 000	612 000	510 000	40 156 000
Stock	10 210 000	5 486 000	5 535 000	4 928 000
Total Investments	0	0	0	0
Cash, Bank	23 940 000	19 928 000	30 738 000	27 153 000
Total Current Assets	39 924 000	34 898 000	43 380 000	41 907 000
Total Assets	40 601 000	35 510 000	43 890 000	82 062 000
Total Equity	18 262 000	8 557 000	17 231 000	17 248 000
Short-Term Group Debt	360 000	295 000	0	0
Total Long-Term Debt	12 357 000	16 297 000	18 213 000	51 756 000
Creditors	2 650 000	800 000	1 077 000	1 295 000
Unpaid Taxes	1 232 000	3 908 000	1 033 000	933 000
Dividends	4 000 000	11 400 000	4 000 000	0
Other Current Debt	1 640 000	1 898 000	1 383 000	6 025 000
Total Current Debt	9 983 000	10 656 000	8 445 000	13 058 000
Total Equity and Debt	40 601 000	35 510 000	43 890 000	82 062 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,59 %	34,54 %	104,36 %	94,38 %
Debt-to-Equity Ratio	0,68	1,9	1,06	3
Operating Profit Margin	1,08 %	8,57 %	10,35 %	31 %
Current Ratio	4	3,27	5,14	3,21
Quick Ratio	−175,88	6,75	14,91	5,15
Equity Ratio	0,45	0,24	0,39	0,21
Gross Profit Margin	44,08 %	56,66 %	65,11 %	67,85 %