HVALEN UTVIKLING AS

3263 LARVIK

Finances

Share Ownership

Return on Equity

−4,91 %

Current Ratio

5,19

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 464 000	118 162 000	5 621 000	18 815 000
Net Income	−5 084 000	10 687 000	−994 000	13 690 000
Total Assets	241 739 000	250 267 000	245 767 000	205 960 000
Total Equity	103 501 000	53 118 000	3 417 000	4 811 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 464 000	118 162 000	5 621 000	18 815 000
Expenditure	15 526 000	100 836 000	7 406 000	2 059 000
Operating Profit	938 000	17 326 000	−1 786 000	16 757 000
Financial Income	285 000	448 000	512 000	795 000
Financial Costs	7 786 000	4 117 000	0	2 000
Financial Balance	−7 501 000	−3 669 000	512 000	793 000
Earnings Before Tax	−6 562 000	13 657 000	−1 274 000	17 551 000
Tax	−1 478 000	2 970 000	−280 000	3 861 000
Net Income	−5 084 000	10 687 000	−994 000	13 690 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	226 191 000	222 653 000	35 432 000	23 551 000
Total Current Assets	15 548 000	27 614 000	210 335 000	182 409 000
Total Assets	241 739 000	250 267 000	245 767 000	205 960 000
Total Retained Equity	0	−733 000	−434 000	960 000
Total Equity	103 501 000	53 118 000	3 417 000	4 811 000
Total Long-Term Debt	135 239 000	173 077 000	217 097 000	169 718 000
Total Current Debt	2 998 000	24 072 000	25 253 000	31 431 000
Total Equity and Debt	241 739 000	250 267 000	245 767 000	205 960 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 732 000	113 271 000	77 000	38 000
Other Income	7 732 000	4 891 000	5 544 000	18 777 000
Revenue	16 464 000	118 162 000	5 621 000	18 815 000
Cost of Goods Sold	8 565 000	95 081 000	0	0
Salary Costs	574 000	782 000	298 000	251 000
Depreciation	748 000	683 000	580 000	699 000
Impairment	0	0	0	0
Expenditure	15 526 000	100 836 000	7 406 000	2 059 000
Operating Profit	938 000	17 326 000	−1 786 000	16 757 000
Financial Income	285 000	448 000	512 000	795 000
Financial Costs	7 786 000	4 117 000	0	2 000
Financial Balance	−7 501 000	−3 669 000	512 000	793 000
Dividends	809 000	0	0	0
Net Income	−5 084 000	10 687 000	−994 000	13 690 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	221 622 000	215 663 000	26 557 000	13 566 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 145 000	2 406 000	811 000	1 053 000
Total Tangible Assets	223 767 000	218 070 000	27 369 000	14 619 000
Total Fiancial Fixed Assets	2 424 000	4 584 000	8 063 000	8 931 000
Total Fixed Assets	226 191 000	222 653 000	35 432 000	23 551 000
Stock	0	7 558 000	194 053 000	142 907 000
Total Investments	0	0	0	0
Cash, Bank	1 678 000	7 007 000	1 601 000	2 128 000
Total Current Assets	15 548 000	27 614 000	210 335 000	182 409 000
Total Assets	241 739 000	250 267 000	245 767 000	205 960 000
Total Equity	103 501 000	53 118 000	3 417 000	4 811 000
Short-Term Group Debt	0	0	0	17 318 000
Total Long-Term Debt	135 239 000	173 077 000	217 097 000	169 718 000
Creditors	837 000	2 156 000	11 469 000	5 431 000
Unpaid Taxes	80 000	43 000	39 000	32 000
Dividends	809 000	0	0	0
Other Current Debt	1 273 000	21 874 000	13 745 000	8 650 000
Total Current Debt	2 998 000	24 072 000	25 253 000	31 431 000
Total Equity and Debt	241 739 000	250 267 000	245 767 000	205 960 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,91 %	20,12 %	−29,09 %	284,56 %
Debt-to-Equity Ratio	1,31	3,26	63,53	35,28
Operating Profit Margin	5,7 %	14,66 %	−31,77 %	89,06 %
Current Ratio	5,19	1,15	8,33	5,8
Quick Ratio	5,19	1,67	−1,25	−1,64
Equity Ratio	0,43	0,21	0,01	0,02
Gross Profit Margin	47,98 %	19,53 %	100 %	100 %