HORTULAN AS

0161 OSLO

Finances

Return on Equity

−25,21 %

Current Ratio

4,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	−154 545 000	115 968 000	47 033 000
Net Income	−161 398 000	107 406 000	38 791 000
Total Assets	798 716 000	802 163 000	1 054 517 000
Total Equity	640 248 000	801 646 000	734 241 000

Income (NOK)	2022	2021	2020
Revenue	−154 545 000	115 968 000	47 033 000
Expenditure	4 249 000	3 873 000	4 553 000
Operating Profit	−158 794 000	112 095 000	42 479 000
Financial Income	10 580 000	6 189 000	4 077 000
Financial Costs	13 184 000	10 878 000	7 766 000
Financial Balance	−2 604 000	−4 689 000	−3 689 000
Earnings Before Tax	−161 398 000	107 406 000	38 791 000
Tax	0	0	0
Net Income	−161 398 000	107 406 000	38 791 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	112 437 000	70 738 000	52 158 000
Total Current Assets	686 279 000	731 425 000	1 002 359 000
Total Assets	798 716 000	802 163 000	1 054 517 000
Total Retained Equity	111 902 000	273 300 000	205 894 000
Total Equity	640 248 000	801 646 000	734 241 000
Total Long-Term Debt	0	0	0
Total Current Debt	158 468 000	516 000	320 276 000
Total Equity and Debt	798 716 000	802 163 000	1 054 517 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	−154 545 000	115 968 000	47 033 000
Revenue	−154 545 000	115 968 000	47 033 000
Cost of Goods Sold	0	0	0
Salary Costs	2 490 000	1 657 000	1 916 000
Depreciation	0	39 000	86 000
Impairment	0	0	0
Expenditure	4 249 000	3 873 000	4 553 000
Operating Profit	−158 794 000	112 095 000	42 479 000
Financial Income	10 580 000	6 189 000	4 077 000
Financial Costs	13 184 000	10 878 000	7 766 000
Financial Balance	−2 604 000	−4 689 000	−3 689 000
Dividends	0	0	0
Net Income	−161 398 000	107 406 000	38 791 000

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	0	0	145 000
Total Tangible Assets	0	0	145 000
Total Fiancial Fixed Assets	112 437 000	70 738 000	52 013 000
Total Fixed Assets	112 437 000	70 738 000	52 158 000
Stock	0	0	1 145 000
Total Investments	478 146 000	490 802 000	892 912 000
Cash, Bank	125 285 000	145 986 000	43 195 000
Total Current Assets	686 279 000	731 425 000	1 002 359 000
Total Assets	798 716 000	802 163 000	1 054 517 000
Total Equity	640 248 000	801 646 000	734 241 000
Short-Term Group Debt	25 547 000	0	61 000 000
Total Long-Term Debt	0	0	0
Creditors	23 000	148 000	0
Unpaid Taxes	106 000	124 000	126 000
Dividends	0	0	0
Other Current Debt	331 000	162 000	21 901 000
Total Current Debt	158 468 000	516 000	320 276 000
Total Equity and Debt	798 716 000	802 163 000	1 054 517 000

Financial indicators	2022	2021	2020
Return on Equity	−25,21 %	13,4 %	5,28 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	102,75 %	96,66 %	90,32 %
Current Ratio	4,33	1 417,49	3,13
Quick Ratio	4,33	1 417,49	3,14
Equity Ratio	0,8	1	0,7
Gross Profit Margin	100 %	100 %	100 %