HGE AS

3282 KVELDE

Finances

Share Ownership

Return on Equity

−31,23 %

Current Ratio

1,04

Debt-to-Equity Ratio

10,44

Key figures (NOK)	2022	2021	2020
Revenue	963 000	35 000	0
Net Income	−436 000	−175 000	0
Total Assets	18 436 000	12 115 000	20 000
Total Equity	1 396 000	−155 000	20 000

Income (NOK)	2022	2021
Revenue	963 000	35 000
Expenditure	905 000	72 000
Operating Profit	59 000	−36 000
Financial Income	2 000	0
Financial Costs	511 000	139 000
Financial Balance	−509 000	−139 000
Earnings Before Tax	−450 000	−175 000
Tax	−14 000	0
Net Income	−436 000	−175 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	15 859 000	10 473 000	0
Total Current Assets	2 578 000	1 642 000	20 000
Total Assets	18 436 000	12 115 000	20 000
Total Retained Equity	1 375 000	−175 000	0
Total Equity	1 396 000	−155 000	20 000
Total Long-Term Debt	14 570 000	7 514 000	0
Total Current Debt	2 471 000	4 756 000	0
Total Equity and Debt	18 436 000	12 115 000	20 000

Cash flow (NOK)	2022	2021
Sales Income	512 000	0
Other Income	451 000	35 000
Revenue	963 000	35 000
Cost of Goods Sold	499 000	0
Salary Costs	0	0
Depreciation	68 000	4 000
Impairment	0	0
Expenditure	905 000	72 000
Operating Profit	59 000	−36 000
Financial Income	2 000	0
Financial Costs	511 000	139 000
Financial Balance	−509 000	−139 000
Dividends	0	0
Net Income	−436 000	−175 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	14 861 000	9 827 000	0
Machinery and Plant Facilities	703 000	646 000	0
Fixtures	295 000	0	0
Total Tangible Assets	15 859 000	10 473 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	15 859 000	10 473 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	19 000	15 000	20 000
Total Current Assets	2 578 000	1 642 000	20 000
Total Assets	18 436 000	12 115 000	20 000
Total Equity	1 396 000	−155 000	20 000
Short-Term Group Debt	1 754 000	813 000	0
Total Long-Term Debt	14 570 000	7 514 000	0
Creditors	696 000	1 944 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	21 000	2 000 000	0
Total Current Debt	2 471 000	4 756 000	0
Total Equity and Debt	18 436 000	12 115 000	20 000

Financial indicators	2022	2021	2020
Return on Equity	−31,23 %	112,9 %	0 %
Debt-to-Equity Ratio	10,44	−48,48	0
Operating Profit Margin	6,13 %	−102,86 %	-
Current Ratio	1,04	0,35	-
Quick Ratio	1,04	0,35	-
Equity Ratio	0,08	−0,01	1
Gross Profit Margin	48,18 %	100 %	-