HEREFORD AS

0159 OSLO

Finances

Return on Equity

198,93 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	30 014 000	10 902 000	2 767 000
Net Income	2 592 000	−130 000	−350 000
Total Assets	5 717 000	2 852 000	1 452 000
Total Equity	1 303 000	−455 000	−325 000

Income (NOK)	2022	2021	2020
Revenue	30 014 000	10 902 000	2 767 000
Expenditure	26 463 000	10 909 000	3 116 000
Operating Profit	3 550 000	−7 000	−349 000
Financial Income	3 000	18 000	0
Financial Costs	113 000	141 000	0
Financial Balance	−110 000	−123 000	0
Earnings Before Tax	3 440 000	−130 000	−350 000
Tax	848 000	0	0
Net Income	2 592 000	−130 000	−350 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	832 000	1 119 000	1 253 000
Total Current Assets	4 885 000	1 733 000	200 000
Total Assets	5 717 000	2 852 000	1 452 000
Total Retained Equity	1 273 000	−485 000	−355 000
Total Equity	1 303 000	−455 000	−325 000
Total Long-Term Debt	6 000	0	0
Total Current Debt	4 408 000	3 307 000	1 777 000
Total Equity and Debt	5 717 000	2 852 000	1 452 000

Cash flow (NOK)	2022	2021	2020
Sales Income	28 800 000	10 113 000	2 617 000
Other Income	1 213 000	789 000	150 000
Revenue	30 014 000	10 902 000	2 767 000
Cost of Goods Sold	9 914 000	3 295 000	656 000
Salary Costs	8 361 000	4 122 000	794 000
Depreciation	477 000	134 000	67 000
Impairment	0	0	0
Expenditure	26 463 000	10 909 000	3 116 000
Operating Profit	3 550 000	−7 000	−349 000
Financial Income	3 000	18 000	0
Financial Costs	113 000	141 000	0
Financial Balance	−110 000	−123 000	0
Dividends	834 000	0	0
Net Income	2 592 000	−130 000	−350 000

Balance details (NOK)	2022	2021	2020
Goodwill	650 000	1 105 000	1 235 000
Total Intangible Assets	650 000	1 105 000	1 235 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	182 000	14 000	18 000
Total Tangible Assets	182 000	14 000	18 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	832 000	1 119 000	1 253 000
Stock	568 000	332 000	139 000
Total Investments	0	0	0
Cash, Bank	2 418 000	287 000	26 000
Total Current Assets	4 885 000	1 733 000	200 000
Total Assets	5 717 000	2 852 000	1 452 000
Total Equity	1 303 000	−455 000	−325 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	6 000	0	0
Creditors	581 000	1 052 000	1 276 000
Unpaid Taxes	1 447 000	971 000	428 000
Dividends	834 000	0	0
Other Current Debt	1 538 000	1 284 000	73 000
Total Current Debt	4 408 000	3 307 000	1 777 000
Total Equity and Debt	5 717 000	2 852 000	1 452 000

Financial indicators	2022	2021	2020
Return on Equity	198,93 %	28,57 %	107,69 %
Debt-to-Equity Ratio	0	−0	−0
Operating Profit Margin	11,83 %	−0,06 %	−12,61 %
Current Ratio	1,11	0,52	0,11
Quick Ratio	1,27	0,58	0,12
Equity Ratio	0,23	−0,16	−0,22
Gross Profit Margin	66,97 %	69,78 %	76,29 %