HERMSTAD AS

7563 MALVIK

Finances

Share Ownership

Return on Equity

30,79 %

Current Ratio

1,06

Debt-to-Equity Ratio

2,32

Key figures (NOK)	2022	2021	2020
Revenue	1 700 000	1 587 000	785 000
Net Income	125 000	125 000	132 000
Total Assets	1 594 000	484 000	339 000
Total Equity	406 000	282 000	157 000

Income (NOK)	2022	2021	2020
Revenue	1 700 000	1 587 000	785 000
Expenditure	1 513 000	1 426 000	617 000
Operating Profit	187 000	160 000	168 000
Financial Income	0	0	0
Financial Costs	29 000	0	0
Financial Balance	−29 000	0	0
Earnings Before Tax	158 000	160 000	168 000
Tax	33 000	35 000	36 000
Net Income	125 000	125 000	132 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 334 000	219 000	91 000
Total Current Assets	260 000	266 000	247 000
Total Assets	1 594 000	484 000	339 000
Total Retained Equity	382 000	257 000	132 000
Total Equity	406 000	282 000	157 000
Total Long-Term Debt	942 000	6 000	0
Total Current Debt	246 000	197 000	182 000
Total Equity and Debt	1 594 000	484 000	339 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 700 000	1 587 000	785 000
Other Income	0	0	0
Revenue	1 700 000	1 587 000	785 000
Cost of Goods Sold	340 000	233 000	77 000
Salary Costs	749 000	822 000	364 000
Depreciation	101 000	27 000	29 000
Impairment	0	0	0
Expenditure	1 513 000	1 426 000	617 000
Operating Profit	187 000	160 000	168 000
Financial Income	0	0	0
Financial Costs	29 000	0	0
Financial Balance	−29 000	0	0
Dividends	0	0	0
Net Income	125 000	125 000	132 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 169 000	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	165 000	219 000	91 000
Total Tangible Assets	1 334 000	219 000	91 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 334 000	219 000	91 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	260 000	220 000	243 000
Total Current Assets	260 000	266 000	247 000
Total Assets	1 594 000	484 000	339 000
Total Equity	406 000	282 000	157 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	942 000	6 000	0
Creditors	2 000	7 000	18 000
Unpaid Taxes	96 000	80 000	93 000
Dividends	0	0	0
Other Current Debt	111 000	80 000	34 000
Total Current Debt	246 000	197 000	182 000
Total Equity and Debt	1 594 000	484 000	339 000

Financial indicators	2022	2021	2020
Return on Equity	30,79 %	44,33 %	84,08 %
Debt-to-Equity Ratio	2,32	0,02	0
Operating Profit Margin	11 %	10,08 %	21,4 %
Current Ratio	1,06	1,35	1,36
Quick Ratio	1,06	1,35	1,36
Equity Ratio	0,25	0,58	0,46
Gross Profit Margin	80 %	85,32 %	90,19 %