HOVSTAD AS

5416 STORD

Finances

Share Ownership

Return on Equity

0,43 %

Current Ratio

0,14

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	841 000	1 489 000	468 000
Net Income	−1 000	−133 000	−117 000
Total Assets	113 000	193 000	141 000
Total Equity	−231 000	−230 000	−97 000

Income (NOK)	2022	2021	2020
Revenue	841 000	1 489 000	468 000
Expenditure	847 000	1 566 000	621 000
Operating Profit	−1 000	−96 000	−153 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Earnings Before Tax	−1 000	−97 000	−153 000
Tax	0	36 000	−36 000
Net Income	−1 000	−133 000	−117 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	66 000	85 000	36 000
Total Current Assets	47 000	108 000	106 000
Total Assets	113 000	193 000	141 000
Total Retained Equity	−251 000	−250 000	−117 000
Total Equity	−231 000	−230 000	−97 000
Total Long-Term Debt	0	0	0
Total Current Debt	344 000	423 000	238 000
Total Equity and Debt	113 000	193 000	141 000

Cash flow (NOK)	2022	2021	2020
Sales Income	841 000	1 489 000	468 000
Other Income	0	0	0
Revenue	841 000	1 489 000	468 000
Cost of Goods Sold	168 000	430 000	133 000
Salary Costs	373 000	700 000	270 000
Depreciation	19 000	8 000	0
Impairment	0	0	0
Expenditure	847 000	1 566 000	621 000
Operating Profit	−1 000	−96 000	−153 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Dividends	0	0	0
Net Income	−1 000	−133 000	−117 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	36 000
Real Eastate	0	0	0
Machinery and Plant Facilities	48 000	61 000	0
Fixtures	19 000	24 000	0
Total Tangible Assets	66 000	85 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	66 000	85 000	36 000
Stock	6 000	2 000	20 000
Total Investments	0	0	0
Cash, Bank	3 000	75 000	44 000
Total Current Assets	47 000	108 000	106 000
Total Assets	113 000	193 000	141 000
Total Equity	−231 000	−230 000	−97 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	1 000	3 000	26 000
Unpaid Taxes	7 000	94 000	57 000
Dividends	0	0	0
Other Current Debt	336 000	326 000	155 000
Total Current Debt	344 000	423 000	238 000
Total Equity and Debt	113 000	193 000	141 000

Financial indicators	2022	2021	2020
Return on Equity	0,43 %	57,83 %	120,62 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	−0,12 %	−6,45 %	−32,69 %
Current Ratio	0,14	0,26	0,45
Quick Ratio	0,14	0,26	0,49
Equity Ratio	−2,04	−1,19	−0,69
Gross Profit Margin	80,02 %	71,12 %	71,58 %