HARDANGER MALERMESTER AS

5600 NORHEIMSUND

Finances

Share Ownership

Return on Equity

61,38 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 456 000	6 796 000	7 186 000	2 882 000
Net Income	464 000	555 000	494 000	220 000
Total Assets	3 663 000	2 541 000	2 579 000	1 981 000
Total Equity	756 000	692 000	738 000	244 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 456 000	6 796 000	7 186 000	2 882 000
Expenditure	7 827 000	6 055 000	6 522 000	2 578 000
Operating Profit	629 000	741 000	665 000	303 000
Financial Income	2 000	2 000	1 000	0
Financial Costs	35 000	32 000	32 000	23 000
Financial Balance	−33 000	−30 000	−31 000	−23 000
Earnings Before Tax	596 000	712 000	633 000	280 000
Tax	132 000	157 000	140 000	60 000
Net Income	464 000	555 000	494 000	220 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 290 000	954 000	627 000	602 000
Total Current Assets	2 373 000	1 587 000	1 951 000	1 380 000
Total Assets	3 663 000	2 541 000	2 579 000	1 981 000
Total Retained Equity	732 000	668 000	713 000	220 000
Total Equity	756 000	692 000	738 000	244 000
Total Long-Term Debt	706 000	271 000	32 000	19 000
Total Current Debt	2 201 000	1 577 000	1 809 000	1 718 000
Total Equity and Debt	3 663 000	2 541 000	2 579 000	1 981 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 456 000	6 796 000	7 186 000	2 900 000
Other Income	0	0	0	−18 000
Revenue	8 456 000	6 796 000	7 186 000	2 882 000
Cost of Goods Sold	2 605 000	1 712 000	2 554 000	963 000
Salary Costs	3 896 000	3 304 000	2 908 000	1 165 000
Depreciation	107 000	88 000	69 000	42 000
Impairment	0	0	0	0
Expenditure	7 827 000	6 055 000	6 522 000	2 578 000
Operating Profit	629 000	741 000	665 000	303 000
Financial Income	2 000	2 000	1 000	0
Financial Costs	35 000	32 000	32 000	23 000
Financial Balance	−33 000	−30 000	−31 000	−23 000
Dividends	400 000	0	0	0
Net Income	464 000	555 000	494 000	220 000

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	454 000	384 000	41 000	0
Fixtures	809 000	530 000	535 000	602 000
Total Tangible Assets	1 263 000	915 000	576 000	602 000
Total Fiancial Fixed Assets	27 000	39 000	52 000	0
Total Fixed Assets	1 290 000	954 000	627 000	602 000
Stock	225 000	199 000	152 000	103 000
Total Investments	0	0	0	0
Cash, Bank	938 000	488 000	710 000	276 000
Total Current Assets	2 373 000	1 587 000	1 951 000	1 380 000
Total Assets	3 663 000	2 541 000	2 579 000	1 981 000
Total Equity	756 000	692 000	738 000	244 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	706 000	271 000	32 000	19 000
Creditors	566 000	49 000	454 000	352 000
Unpaid Taxes	444 000	457 000	240 000	423 000
Dividends	400 000	0	0	0
Other Current Debt	685 000	585 000	512 000	296 000
Total Current Debt	2 201 000	1 577 000	1 809 000	1 718 000
Total Equity and Debt	3 663 000	2 541 000	2 579 000	1 981 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,38 %	80,2 %	66,94 %	90,16 %
Debt-to-Equity Ratio	0,93	0,39	0,04	0,08
Operating Profit Margin	7,44 %	10,9 %	9,25 %	10,51 %
Current Ratio	1,08	1,01	1,08	0,8
Quick Ratio	1,2	1,15	1,18	0,85
Equity Ratio	0,21	0,27	0,29	0,12
Gross Profit Margin	69,19 %	74,81 %	64,46 %	66,59 %