H E D KARMØY AS

4262 AVALDSNES

Finances

Share Ownership

Return on Equity

6,53 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 913 000	30 825 000	29 585 000	30 990 000
Net Income	277 000	432 000	1 190 000	759 000
Total Assets	15 585 000	14 438 000	10 890 000	9 669 000
Total Equity	4 240 000	3 963 000	3 531 000	2 341 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 913 000	30 825 000	29 585 000	30 990 000
Expenditure	35 576 000	30 260 000	28 059 000	30 039 000
Operating Profit	338 000	566 000	1 525 000	950 000
Financial Income	39 000	5 000	17 000	30 000
Financial Costs	0	9 000	14 000	3 000
Financial Balance	39 000	−4 000	3 000	27 000
Earnings Before Tax	376 000	562 000	1 529 000	977 000
Tax	99 000	130 000	338 000	218 000
Net Income	277 000	432 000	1 190 000	759 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	834 000	1 036 000	1 130 000	876 000
Total Current Assets	14 751 000	13 402 000	9 760 000	8 792 000
Total Assets	15 585 000	14 438 000	10 890 000	9 669 000
Total Retained Equity	2 548 000	2 270 000	1 838 000	648 000
Total Equity	4 240 000	3 963 000	3 531 000	2 341 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 344 000	10 475 000	7 360 000	7 328 000
Total Equity and Debt	15 585 000	14 438 000	10 890 000	9 669 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 204 000	28 873 000	26 200 000	27 849 000
Other Income	1 709 000	1 953 000	3 385 000	3 141 000
Revenue	35 913 000	30 825 000	29 585 000	30 990 000
Cost of Goods Sold	23 712 000	18 762 000	17 337 000	19 080 000
Salary Costs	6 596 000	6 629 000	6 067 000	6 326 000
Depreciation	228 000	216 000	202 000	108 000
Impairment	0	0	0	0
Expenditure	35 576 000	30 260 000	28 059 000	30 039 000
Operating Profit	338 000	566 000	1 525 000	950 000
Financial Income	39 000	5 000	17 000	30 000
Financial Costs	0	9 000	14 000	3 000
Financial Balance	39 000	−4 000	3 000	27 000
Dividends	0	0	0	0
Net Income	277 000	432 000	1 190 000	759 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	473 000	448 000	442 000	447 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	361 000	589 000	688 000	429 000
Total Tangible Assets	361 000	589 000	688 000	429 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	834 000	1 036 000	1 130 000	876 000
Stock	3 474 000	2 924 000	3 385 000	2 232 000
Total Investments	0	0	0	0
Cash, Bank	4 954 000	3 144 000	2 186 000	3 337 000
Total Current Assets	14 751 000	13 402 000	9 760 000	8 792 000
Total Assets	15 585 000	14 438 000	10 890 000	9 669 000
Total Equity	4 240 000	3 963 000	3 531 000	2 341 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 590 000	3 236 000	1 577 000	1 611 000
Unpaid Taxes	428 000	555 000	346 000	340 000
Dividends	0	0	0	0
Other Current Debt	8 203 000	6 548 000	5 103 000	5 377 000
Total Current Debt	11 344 000	10 475 000	7 360 000	7 328 000
Total Equity and Debt	15 585 000	14 438 000	10 890 000	9 669 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,53 %	10,9 %	33,7 %	32,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,94 %	1,84 %	5,15 %	3,07 %
Current Ratio	1,3	1,28	1,33	1,2
Quick Ratio	1,87	1,77	2,46	1,73
Equity Ratio	0,27	0,27	0,32	0,24
Gross Profit Margin	33,97 %	39,13 %	41,4 %	38,43 %