KORTNES HYTTEGREND AS

3405 LIER

Finances

Share Ownership

Return on Equity

−0,43 %

Current Ratio

0,35

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	791 000	578 000	591 000	559 000
Net Income	−5 000	123 000	1 000	114 000
Total Assets	4 055 000	4 135 000	4 067 000	3 952 000
Total Equity	1 161 000	1 166 000	1 044 000	1 042 000

Income (NOK)	2022	2021	2020	2019
Revenue	791 000	578 000	591 000	559 000
Expenditure	698 000	364 000	536 000	388 000
Operating Profit	93 000	214 000	55 000	171 000
Financial Income	0	0	9 000	9 000
Financial Costs	87 000	57 000	63 000	64 000
Financial Balance	−87 000	−57 000	−54 000	−55 000
Earnings Before Tax	6 000	157 000	2 000	115 000
Tax	12 000	35 000	0	1 000
Net Income	−5 000	123 000	1 000	114 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 388 000	3 379 000	3 394 000	3 410 000
Total Current Assets	667 000	757 000	673 000	542 000
Total Assets	4 055 000	4 135 000	4 067 000	3 952 000
Total Retained Equity	726 000	731 000	609 000	607 000
Total Equity	1 161 000	1 166 000	1 044 000	1 042 000
Total Long-Term Debt	977 000	1 077 000	1 176 000	800 000
Total Current Debt	1 917 000	1 892 000	1 848 000	2 110 000
Total Equity and Debt	4 055 000	4 135 000	4 067 000	3 952 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 000	7 000	0	0
Other Income	786 000	571 000	591 000	559 000
Revenue	791 000	578 000	591 000	559 000
Cost of Goods Sold	268 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	16 000	16 000	16 000	23 000
Impairment	0	0	0	0
Expenditure	698 000	364 000	536 000	388 000
Operating Profit	93 000	214 000	55 000	171 000
Financial Income	0	0	9 000	9 000
Financial Costs	87 000	57 000	63 000	64 000
Financial Balance	−87 000	−57 000	−54 000	−55 000
Dividends	0	0	0	0
Net Income	−5 000	123 000	1 000	114 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 363 000	3 379 000	3 394 000	3 410 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	25 000	0	0	0
Total Tangible Assets	3 388 000	3 379 000	3 394 000	3 410 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 388 000	3 379 000	3 394 000	3 410 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 000	18 000	82 000	11 000
Total Current Assets	667 000	757 000	673 000	542 000
Total Assets	4 055 000	4 135 000	4 067 000	3 952 000
Total Equity	1 161 000	1 166 000	1 044 000	1 042 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	977 000	1 077 000	1 176 000	800 000
Creditors	32 000	16 000	0	104 000
Unpaid Taxes	0	1 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 873 000	1 841 000	1 847 000	2 005 000
Total Current Debt	1 917 000	1 892 000	1 848 000	2 110 000
Total Equity and Debt	4 055 000	4 135 000	4 067 000	3 952 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,43 %	10,55 %	0,1 %	10,94 %
Debt-to-Equity Ratio	0,84	0,92	1,13	0,77
Operating Profit Margin	11,76 %	37,02 %	9,31 %	30,59 %
Current Ratio	0,35	0,4	0,36	0,26
Quick Ratio	0,35	0,4	0,36	0,26
Equity Ratio	0,29	0,28	0,26	0,26
Gross Profit Margin	66,12 %	100 %	100 %	100 %