HVERVEN VVS AS

3360 GEITHUS

Finances

Share Ownership

Return on Equity

82,56 %

Current Ratio

1,75

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 989 000	3 579 000	2 629 000	827 000
Net Income	819 000	207 000	208 000	178 000
Total Assets	2 239 000	1 451 000	887 000	661 000
Total Equity	992 000	572 000	366 000	208 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 989 000	3 579 000	2 629 000	827 000
Expenditure	3 931 000	3 295 000	2 351 000	599 000
Operating Profit	1 059 000	283 000	278 000	229 000
Financial Income	1 000	0	0	0
Financial Costs	10 000	8 000	12 000	4 000
Financial Balance	−9 000	−8 000	−12 000	−4 000
Earnings Before Tax	1 050 000	275 000	266 000	225 000
Tax	231 000	68 000	59 000	47 000
Net Income	819 000	207 000	208 000	178 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	145 000	168 000	177 000	189 000
Total Current Assets	2 094 000	1 283 000	710 000	472 000
Total Assets	2 239 000	1 451 000	887 000	661 000
Total Retained Equity	961 000	542 000	335 000	178 000
Total Equity	992 000	572 000	366 000	208 000
Total Long-Term Debt	53 000	104 000	160 000	205 000
Total Current Debt	1 194 000	775 000	361 000	248 000
Total Equity and Debt	2 239 000	1 451 000	887 000	661 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 989 000	3 579 000	2 629 000	827 000
Other Income	0	0	0	0
Revenue	4 989 000	3 579 000	2 629 000	827 000
Cost of Goods Sold	1 922 000	1 633 000	1 266 000	352 000
Salary Costs	1 328 000	973 000	750 000	189 000
Depreciation	41 000	34 000	30 000	2 000
Impairment	0	0	0	0
Expenditure	3 931 000	3 295 000	2 351 000	599 000
Operating Profit	1 059 000	283 000	278 000	229 000
Financial Income	1 000	0	0	0
Financial Costs	10 000	8 000	12 000	4 000
Financial Balance	−9 000	−8 000	−12 000	−4 000
Dividends	400 000	0	0	0
Net Income	819 000	207 000	208 000	178 000

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	145 000	168 000	177 000	189 000
Total Tangible Assets	145 000	168 000	177 000	189 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	145 000	168 000	177 000	189 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	998 000	598 000	432 000	394 000
Total Current Assets	2 094 000	1 283 000	710 000	472 000
Total Assets	2 239 000	1 451 000	887 000	661 000
Total Equity	992 000	572 000	366 000	208 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	53 000	104 000	160 000	205 000
Creditors	444 000	406 000	126 000	75 000
Unpaid Taxes	287 000	197 000	109 000	118 000
Dividends	400 000	0	0	0
Other Current Debt	132 000	92 000	70 000	18 000
Total Current Debt	1 194 000	775 000	361 000	248 000
Total Equity and Debt	2 239 000	1 451 000	887 000	661 000

Financial indicators	2022	2021	2020	2019
Return on Equity	82,56 %	36,19 %	56,83 %	85,58 %
Debt-to-Equity Ratio	0,05	0,18	0,44	0,99
Operating Profit Margin	21,23 %	7,91 %	10,57 %	27,69 %
Current Ratio	1,75	1,66	1,97	1,9
Quick Ratio	1,75	1,66	1,97	1,9
Equity Ratio	0,44	0,39	0,41	0,31
Gross Profit Margin	61,48 %	54,37 %	51,84 %	57,44 %