HORDA PIONEER AS

5392 STOREBØ

Finances

Share Ownership

Return on Equity

18,04 %

Current Ratio

4,59

Debt-to-Equity Ratio

2,34

Key figures (NOK)	2022	2021	2020
Revenue	95 146 000	80 877 000	27 929 000
Net Income	16 988 000	18 868 000	−1 361 000
Total Assets	322 542 000	328 934 000	323 195 000
Total Equity	94 160 000	77 172 000	58 304 000

Income (NOK)	2022	2021	2020
Revenue	95 146 000	80 877 000	27 929 000
Expenditure	68 976 000	55 600 000	26 237 000
Operating Profit	26 170 000	25 277 000	1 693 000
Financial Income	297 000	74 000	1 000
Financial Costs	9 641 000	6 571 000	3 089 000
Financial Balance	−9 344 000	−6 497 000	−3 088 000
Earnings Before Tax	16 827 000	18 780 000	−1 395 000
Tax	−161 000	−88 000	−34 000
Net Income	16 988 000	18 868 000	−1 361 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	283 803 000	298 142 000	306 845 000
Total Current Assets	38 739 000	30 792 000	16 350 000
Total Assets	322 542 000	328 934 000	323 195 000
Total Retained Equity	34 495 000	17 507 000	−1 361 000
Total Equity	94 160 000	77 172 000	58 304 000
Total Long-Term Debt	219 949 000	243 734 000	252 727 000
Total Current Debt	8 433 000	8 028 000	12 164 000
Total Equity and Debt	322 542 000	328 934 000	323 195 000

Cash flow (NOK)	2022	2021	2020
Sales Income	95 146 000	80 877 000	27 929 000
Other Income	0	0	0
Revenue	95 146 000	80 877 000	27 929 000
Cost of Goods Sold	0	0	0
Salary Costs	14 850 000	13 508 000	7 225 000
Depreciation	19 547 000	18 137 000	8 432 000
Impairment	0	0	0
Expenditure	68 976 000	55 600 000	26 237 000
Operating Profit	26 170 000	25 277 000	1 693 000
Financial Income	297 000	74 000	1 000
Financial Costs	9 641 000	6 571 000	3 089 000
Financial Balance	−9 344 000	−6 497 000	−3 088 000
Dividends	0	0	0
Net Income	16 988 000	18 868 000	−1 361 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	284 000	123 000	34 000
Real Eastate	0	0	0
Machinery and Plant Facilities	7 102 000	8 597 000	10 092 000
Fixtures	486 000	699 000	762 000
Total Tangible Assets	283 520 000	298 019 000	306 811 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	283 803 000	298 142 000	306 845 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	20 593 000	14 439 000	0
Total Current Assets	38 739 000	30 792 000	16 350 000
Total Assets	322 542 000	328 934 000	323 195 000
Total Equity	94 160 000	77 172 000	58 304 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	219 949 000	243 734 000	252 727 000
Creditors	2 348 000	3 194 000	3 869 000
Unpaid Taxes	3 494 000	3 148 000	2 385 000
Dividends	0	0	0
Other Current Debt	2 590 000	1 687 000	2 147 000
Total Current Debt	8 433 000	8 028 000	12 164 000
Total Equity and Debt	322 542 000	328 934 000	323 195 000

Financial indicators	2022	2021	2020
Return on Equity	18,04 %	24,45 %	−2,33 %
Debt-to-Equity Ratio	2,34	3,16	4,33
Operating Profit Margin	27,51 %	31,25 %	6,06 %
Current Ratio	4,59	3,84	1,34
Quick Ratio	4,59	3,84	1,34
Equity Ratio	0,29	0,23	0,18
Gross Profit Margin	100 %	100 %	100 %