HORGE INVEST AS

2900 FAGERNES

Finances

Return on Equity

9,12 %

Current Ratio

30,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 000	16 000	4 000	0
Net Income	285 000	−37 000	258 000	464 000
Total Assets	3 144 000	2 860 000	3 057 000	2 959 000
Total Equity	3 124 000	2 840 000	2 877 000	2 619 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 000	16 000	4 000	0
Expenditure	53 000	53 000	42 000	24 000
Operating Profit	−36 000	−37 000	−38 000	−24 000
Financial Income	320 000	0	296 000	488 000
Financial Costs	0	0	0	0
Financial Balance	320 000	0	296 000	488 000
Earnings Before Tax	285 000	−37 000	258 000	464 000
Tax	0	0	0	0
Net Income	285 000	−37 000	258 000	464 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 538 000	2 574 000	2 597 000	2 542 000
Total Current Assets	606 000	285 000	459 000	417 000
Total Assets	3 144 000	2 860 000	3 057 000	2 959 000
Total Retained Equity	3 024 000	2 740 000	2 777 000	2 519 000
Total Equity	3 124 000	2 840 000	2 877 000	2 619 000
Total Long-Term Debt	0	0	160 000	320 000
Total Current Debt	20 000	20 000	20 000	20 000
Total Equity and Debt	3 144 000	2 860 000	3 057 000	2 959 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	17 000	16 000	4 000	0
Revenue	17 000	16 000	4 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	34 000	35 000	20 000	10 000
Impairment	0	0	0	0
Expenditure	53 000	53 000	42 000	24 000
Operating Profit	−36 000	−37 000	−38 000	−24 000
Financial Income	320 000	0	296 000	488 000
Financial Costs	0	0	0	0
Financial Balance	320 000	0	296 000	488 000
Dividends	0	0	0	0
Net Income	285 000	−37 000	258 000	464 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 000	64 000	87 000	32 000
Total Tangible Assets	28 000	64 000	87 000	32 000
Total Fiancial Fixed Assets	2 510 000	2 510 000	2 510 000	2 510 000
Total Fixed Assets	2 538 000	2 574 000	2 597 000	2 542 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	604 000	283 000	161 000	329 000
Total Current Assets	606 000	285 000	459 000	417 000
Total Assets	3 144 000	2 860 000	3 057 000	2 959 000
Total Equity	3 124 000	2 840 000	2 877 000	2 619 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	160 000	320 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	20 000	20 000	20 000	20 000
Total Current Debt	20 000	20 000	20 000	20 000
Total Equity and Debt	3 144 000	2 860 000	3 057 000	2 959 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,12 %	−1,3 %	8,97 %	17,72 %
Debt-to-Equity Ratio	0	0	0,06	0,12
Operating Profit Margin	−211,76 %	−231,25 %	−950 %	-
Current Ratio	30,3	14,25	22,95	20,85
Quick Ratio	30,3	14,25	22,95	20,85
Equity Ratio	0,99	0,99	0,94	0,89
Gross Profit Margin	100 %	100 %	100 %	-