H2 HARDANGER AS

5600 NORHEIMSUND

Finances

Return on Equity

703,01 %

Current Ratio

0,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	28 605 000	18 590 000	13 091 000
Net Income	5 371 000	3 105 000	3 033 000
Total Assets	9 672 000	7 370 000	6 534 000
Total Equity	764 000	1 393 000	509 000

Income (NOK)	2022	2021	2020
Revenue	28 605 000	18 590 000	13 091 000
Expenditure	21 751 000	14 565 000	9 228 000
Operating Profit	6 854 000	4 024 000	3 863 000
Financial Income	82 000	0	17 000
Financial Costs	34 000	40 000	5 000
Financial Balance	48 000	−40 000	12 000
Earnings Before Tax	6 903 000	3 985 000	3 875 000
Tax	1 532 000	880 000	842 000
Net Income	5 371 000	3 105 000	3 033 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 124 000	1 727 000	1 652 000
Total Current Assets	8 548 000	5 644 000	4 882 000
Total Assets	9 672 000	7 370 000	6 534 000
Total Retained Equity	734 000	1 363 000	479 000
Total Equity	764 000	1 393 000	509 000
Total Long-Term Debt	0	605 000	1 604 000
Total Current Debt	8 908 000	5 372 000	4 421 000
Total Equity and Debt	9 672 000	7 370 000	6 534 000

Cash flow (NOK)	2022	2021	2020
Sales Income	28 605 000	18 699 000	12 982 000
Other Income	0	−109 000	109 000
Revenue	28 605 000	18 590 000	13 091 000
Cost of Goods Sold	3 991 000	1 719 000	619 000
Salary Costs	14 442 000	10 682 000	7 164 000
Depreciation	125 000	82 000	55 000
Impairment	0	0	0
Expenditure	21 751 000	14 565 000	9 228 000
Operating Profit	6 854 000	4 024 000	3 863 000
Financial Income	82 000	0	17 000
Financial Costs	34 000	40 000	5 000
Financial Balance	48 000	−40 000	12 000
Dividends	6 000 000	2 220 000	1 200 000
Net Income	5 371 000	3 105 000	3 033 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	158 000	233 000	169 000
Total Tangible Assets	158 000	233 000	169 000
Total Fiancial Fixed Assets	965 000	1 493 000	1 483 000
Total Fixed Assets	1 124 000	1 727 000	1 652 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 112 000	2 092 000	3 317 000
Total Current Assets	8 548 000	5 644 000	4 882 000
Total Assets	9 672 000	7 370 000	6 534 000
Total Equity	764 000	1 393 000	509 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	605 000	1 604 000
Creditors	988 000	309 000	88 000
Unpaid Taxes	2 036 000	1 626 000	1 059 000
Dividends	6 000 000	2 220 000	1 200 000
Other Current Debt	1 352 000	1 356 000	1 235 000
Total Current Debt	8 908 000	5 372 000	4 421 000
Total Equity and Debt	9 672 000	7 370 000	6 534 000

Financial indicators	2022	2021	2020
Return on Equity	703,01 %	222,9 %	595,87 %
Debt-to-Equity Ratio	0	0,43	3,15
Operating Profit Margin	23,96 %	21,65 %	29,51 %
Current Ratio	0,96	1,05	1,1
Quick Ratio	0,96	1,05	1,1
Equity Ratio	0,08	0,19	0,08
Gross Profit Margin	86,05 %	90,75 %	95,27 %