HAGLAND FINANS AS

5525 HAUGESUND

Finances

Return on Equity

42,73 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 704 000	16 991 000	16 524 000	16 643 000
Net Income	993 000	502 000	−548 000	−754 000
Total Assets	6 326 000	4 936 000	5 437 000	6 680 000
Total Equity	2 324 000	1 331 000	1 260 000	1 406 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 704 000	16 991 000	16 524 000	16 643 000
Expenditure	18 079 000	16 082 000	17 229 000	17 598 000
Operating Profit	1 625 000	909 000	−705 000	−956 000
Financial Income	65 000	12 000	46 000	32 000
Financial Costs	325 000	221 000	43 000	43 000
Financial Balance	−260 000	−209 000	3 000	−11 000
Earnings Before Tax	1 365 000	700 000	−702 000	−967 000
Tax	372 000	198 000	−154 000	−213 000
Net Income	993 000	502 000	−548 000	−754 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	90 000	430 000	1 006 000	932 000
Total Current Assets	6 236 000	4 506 000	4 430 000	5 748 000
Total Assets	6 326 000	4 936 000	5 437 000	6 680 000
Total Retained Equity	−2 372 000	−3 365 000	−3 436 000	−2 888 000
Total Equity	2 324 000	1 331 000	1 260 000	1 406 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 002 000	3 605 000	4 176 000	5 273 000
Total Equity and Debt	6 326 000	4 936 000	5 437 000	6 680 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 704 000	16 991 000	16 524 000	16 643 000
Other Income	0	0	0	0
Revenue	19 704 000	16 991 000	16 524 000	16 643 000
Cost of Goods Sold	1 347 000	964 000	679 000	674 000
Salary Costs	13 333 000	11 747 000	12 422 000	12 799 000
Depreciation	68 000	200 000	211 000	186 000
Impairment	0	0	0	0
Expenditure	18 079 000	16 082 000	17 229 000	17 598 000
Operating Profit	1 625 000	909 000	−705 000	−956 000
Financial Income	65 000	12 000	46 000	32 000
Financial Costs	325 000	221 000	43 000	43 000
Financial Balance	−260 000	−209 000	3 000	−11 000
Dividends	0	0	0	0
Net Income	993 000	502 000	−548 000	−754 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	82 000	54 000	244 000	316 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 000	76 000	162 000	260 000
Total Tangible Assets	8 000	76 000	162 000	260 000
Total Fiancial Fixed Assets	0	300 000	600 000	356 000
Total Fixed Assets	90 000	430 000	1 006 000	932 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 426 000	1 810 000	836 000	1 353 000
Total Current Assets	6 236 000	4 506 000	4 430 000	5 748 000
Total Assets	6 326 000	4 936 000	5 437 000	6 680 000
Total Equity	2 324 000	1 331 000	1 260 000	1 406 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	612 000	486 000	446 000	434 000
Unpaid Taxes	1 084 000	887 000	914 000	913 000
Dividends	0	0	0	0
Other Current Debt	1 907 000	2 233 000	2 816 000	3 927 000
Total Current Debt	4 002 000	3 605 000	4 176 000	5 273 000
Total Equity and Debt	6 326 000	4 936 000	5 437 000	6 680 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,73 %	37,72 %	−43,49 %	−53,63 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,25 %	5,35 %	−4,27 %	−5,74 %
Current Ratio	1,56	1,25	1,06	1,09
Quick Ratio	1,56	1,25	1,06	1,09
Equity Ratio	0,37	0,27	0,23	0,21
Gross Profit Margin	93,16 %	94,33 %	95,89 %	95,95 %