HORDALAND GROUP 2 AS

5709 VOSS

Finances

Share Ownership

Return on Equity

−1,07 %

Current Ratio

4,69

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	960 000	320 000	0	0
Net Income	−117 000	−414 000	−555 000	2 000
Total Assets	19 556 000	19 081 000	11 450 000	28 000
Total Equity	10 936 000	−948 000	−533 000	22 000

Income (NOK)	2022	2021	2020	2019
Revenue	960 000	320 000	0	0
Expenditure	858 000	644 000	525 000	0
Operating Profit	102 000	−324 000	−525 000	0
Financial Income	2 000	0	2 000	0
Financial Costs	254 000	208 000	188 000	0
Financial Balance	−252 000	−208 000	−186 000	0
Earnings Before Tax	−150 000	−531 000	−712 000	0
Tax	−33 000	−117 000	−157 000	−2 000
Net Income	−117 000	−414 000	−555 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 223 000	18 723 000	9 342 000	2 000
Total Current Assets	333 000	358 000	2 108 000	26 000
Total Assets	19 556 000	19 081 000	11 450 000	28 000
Total Retained Equity	−1 084 000	−967 000	−553 000	2 000
Total Equity	10 936 000	−948 000	−533 000	22 000
Total Long-Term Debt	8 550 000	19 996 000	10 988 000	0
Total Current Debt	71 000	33 000	995 000	6 000
Total Equity and Debt	19 556 000	19 081 000	11 450 000	28 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	960 000	320 000	0	0
Revenue	960 000	320 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	133 000	73 000	45 000	0
Depreciation	360 000	393 000	71 000	0
Impairment	0	0	0	0
Expenditure	858 000	644 000	525 000	0
Operating Profit	102 000	−324 000	−525 000	0
Financial Income	2 000	0	2 000	0
Financial Costs	254 000	208 000	188 000	0
Financial Balance	−252 000	−208 000	−186 000	0
Dividends	0	0	0	0
Net Income	−117 000	−414 000	−555 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	309 000	276 000	159 000	2 000
Real Eastate	18 163 000	17 642 000	8 635 000	0
Machinery and Plant Facilities	0	429 000	548 000	0
Fixtures	375 000	0	0	0
Total Tangible Assets	18 538 000	18 071 000	9 183 000	0
Total Fiancial Fixed Assets	377 000	377 000	0	0
Total Fixed Assets	19 223 000	18 723 000	9 342 000	2 000
Stock	100 000	100 000	100 000	0
Total Investments	0	0	0	0
Cash, Bank	218 000	207 000	356 000	26 000
Total Current Assets	333 000	358 000	2 108 000	26 000
Total Assets	19 556 000	19 081 000	11 450 000	28 000
Total Equity	10 936 000	−948 000	−533 000	22 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 550 000	19 996 000	10 988 000	0
Creditors	43 000	26 000	975 000	6 000
Unpaid Taxes	13 000	3 000	20 000	0
Dividends	0	0	0	0
Other Current Debt	15 000	4 000	0	0
Total Current Debt	71 000	33 000	995 000	6 000
Total Equity and Debt	19 556 000	19 081 000	11 450 000	28 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,07 %	43,67 %	104,13 %	9,09 %
Debt-to-Equity Ratio	0,78	−21,09	−20,62	0
Operating Profit Margin	10,63 %	−101,25 %	-	-
Current Ratio	4,69	10,85	2,12	4,33
Quick Ratio	−11,48	−5,34	2,36	4,33
Equity Ratio	0,56	−0,05	−0,05	0,79
Gross Profit Margin	100 %	100 %	-	-