HORVEI AS

5244 FANA

Finances

Share Ownership

Return on Equity

22,49 %

Current Ratio

1,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 760 000	23 372 000	14 888 000	8 781 000
Net Income	392 000	1 459 000	440 000	201 000
Total Assets	3 484 000	4 998 000	4 163 000	2 203 000
Total Equity	1 743 000	1 651 000	792 000	752 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 760 000	23 372 000	14 888 000	8 781 000
Expenditure	9 256 000	21 498 000	14 384 000	8 575 000
Operating Profit	505 000	1 874 000	504 000	205 000
Financial Income	6 000	1 000	1 000	1 000
Financial Costs	6 000	4 000	5 000	5 000
Financial Balance	0	−3 000	−4 000	−4 000
Earnings Before Tax	504 000	1 871 000	500 000	201 000
Tax	112 000	412 000	60 000	0
Net Income	392 000	1 459 000	440 000	201 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	59 000	35 000	25 000	19 000
Total Current Assets	3 425 000	4 963 000	4 138 000	2 184 000
Total Assets	3 484 000	4 998 000	4 163 000	2 203 000
Total Retained Equity	1 643 000	1 551 000	692 000	652 000
Total Equity	1 743 000	1 651 000	792 000	752 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 740 000	3 347 000	3 371 000	1 451 000
Total Equity and Debt	3 484 000	4 998 000	4 163 000	2 203 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 760 000	23 372 000	14 888 000	8 781 000
Other Income	0	0	0	0
Revenue	9 760 000	23 372 000	14 888 000	8 781 000
Cost of Goods Sold	6 867 000	19 236 000	12 062 000	6 336 000
Salary Costs	1 761 000	1 634 000	1 625 000	1 591 000
Depreciation	27 000	11 000	6 000	4 000
Impairment	0	0	0	0
Expenditure	9 256 000	21 498 000	14 384 000	8 575 000
Operating Profit	505 000	1 874 000	504 000	205 000
Financial Income	6 000	1 000	1 000	1 000
Financial Costs	6 000	4 000	5 000	5 000
Financial Balance	0	−3 000	−4 000	−4 000
Dividends	300 000	600 000	400 000	0
Net Income	392 000	1 459 000	440 000	201 000

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	59 000	35 000	25 000	19 000
Total Tangible Assets	59 000	35 000	25 000	19 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	59 000	35 000	25 000	19 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 256 000	2 393 000	987 000	552 000
Total Current Assets	3 425 000	4 963 000	4 138 000	2 184 000
Total Assets	3 484 000	4 998 000	4 163 000	2 203 000
Total Equity	1 743 000	1 651 000	792 000	752 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	662 000	1 644 000	2 282 000	769 000
Unpaid Taxes	490 000	521 000	458 000	517 000
Dividends	300 000	600 000	400 000	0
Other Current Debt	176 000	170 000	171 000	166 000
Total Current Debt	1 740 000	3 347 000	3 371 000	1 451 000
Total Equity and Debt	3 484 000	4 998 000	4 163 000	2 203 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,49 %	88,37 %	55,56 %	26,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,17 %	8,02 %	3,39 %	2,33 %
Current Ratio	1,97	1,48	1,23	1,51
Quick Ratio	1,97	1,48	1,23	1,51
Equity Ratio	0,5	0,33	0,19	0,34
Gross Profit Margin	29,64 %	17,7 %	18,98 %	27,84 %