HOVLAND MASKINTRANSPORT AS

6868 GAUPNE

Finances

Share Ownership

Return on Equity

15,9 %

Current Ratio

1,26

Debt-to-Equity Ratio

3,54

Key figures (NOK)	2022	2021	2020
Revenue	3 453 000	1 697 000	381 000
Net Income	87 000	372 000	58 000
Total Assets	3 241 000	1 737 000	449 000
Total Equity	547 000	460 000	88 000

Income (NOK)	2022	2021	2020
Revenue	3 453 000	1 697 000	381 000
Expenditure	3 285 000	1 202 000	310 000
Operating Profit	167 000	495 000	72 000
Financial Income	4 000	2 000	0
Financial Costs	83 000	19 000	4 000
Financial Balance	−79 000	−17 000	−4 000
Earnings Before Tax	87 000	478 000	68 000
Tax	0	106 000	9 000
Net Income	87 000	372 000	58 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 286 000	965 000	266 000
Total Current Assets	954 000	772 000	182 000
Total Assets	3 241 000	1 737 000	449 000
Total Retained Equity	517 000	430 000	58 000
Total Equity	547 000	460 000	88 000
Total Long-Term Debt	1 939 000	626 000	0
Total Current Debt	755 000	651 000	360 000
Total Equity and Debt	3 241 000	1 737 000	449 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 335 000	1 697 000	381 000
Other Income	118 000	0	0
Revenue	3 453 000	1 697 000	381 000
Cost of Goods Sold	40 000	0	0
Salary Costs	1 060 000	589 000	0
Depreciation	417 000	99 000	64 000
Impairment	0	0	0
Expenditure	3 285 000	1 202 000	310 000
Operating Profit	167 000	495 000	72 000
Financial Income	4 000	2 000	0
Financial Costs	83 000	19 000	4 000
Financial Balance	−79 000	−17 000	−4 000
Dividends	0	0	0
Net Income	87 000	372 000	58 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	648 000	648 000	0
Machinery and Plant Facilities	1 619 000	317 000	266 000
Fixtures	20 000	0	0
Total Tangible Assets	2 286 000	965 000	266 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 286 000	965 000	266 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	495 000	589 000	136 000
Total Current Assets	954 000	772 000	182 000
Total Assets	3 241 000	1 737 000	449 000
Total Equity	547 000	460 000	88 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 939 000	626 000	0
Creditors	447 000	354 000	349 000
Unpaid Taxes	186 000	127 000	0
Dividends	0	0	0
Other Current Debt	122 000	65 000	2 000
Total Current Debt	755 000	651 000	360 000
Total Equity and Debt	3 241 000	1 737 000	449 000

Financial indicators	2022	2021	2020
Return on Equity	15,9 %	80,87 %	65,91 %
Debt-to-Equity Ratio	3,54	1,36	0
Operating Profit Margin	4,84 %	29,17 %	18,9 %
Current Ratio	1,26	1,19	0,51
Quick Ratio	1,26	1,19	0,51
Equity Ratio	0,17	0,26	0,2
Gross Profit Margin	98,84 %	100 %	100 %