HORNINDAL REKNESKAP SA

6763 HORNINDAL

Finances

Share Ownership

Return on Equity

−10,17 %

Current Ratio

2,97

Debt-to-Equity Ratio

Key figures (NOK)	2020	2019	2018	2017
Revenue	3 717 000	3 464 000	3 493 000	3 685 000
Net Income	−126 000	9 000	16 000	131 000
Total Assets	1 861 000	2 149 000	2 030 000	2 026 000
Total Equity	1 239 000	1 365 000	1 357 000	1 341 000

Income (NOK)	2020	2019	2018	2017
Revenue	3 717 000	3 464 000	3 493 000	3 685 000
Expenditure	3 839 000	3 449 000	3 470 000	3 506 000
Operating Profit	−122 000	14 000	23 000	178 000
Financial Income	2 000	2 000	3 000	6 000
Financial Costs	5 000	5 000	6 000	7 000
Financial Balance	−3 000	−3 000	−3 000	−1 000
Earnings Before Tax	−126 000	11 000	19 000	177 000
Tax	0	2 000	4 000	47 000
Net Income	−126 000	9 000	16 000	131 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	14 000	30 000	32 000	25 000
Total Current Assets	1 847 000	2 119 000	1 998 000	2 001 000
Total Assets	1 861 000	2 149 000	2 030 000	2 026 000
Total Retained Equity	1 239 000	1 365 000	1 357 000	1 341 000
Total Equity	1 239 000	1 365 000	1 357 000	1 341 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	621 000	783 000	673 000	685 000
Total Equity and Debt	1 861 000	2 149 000	2 030 000	2 026 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	3 712 000	3 464 000	3 490 000	3 685 000
Other Income	5 000	0	3 000	0
Revenue	3 717 000	3 464 000	3 493 000	3 685 000
Cost of Goods Sold	156 000	125 000	104 000	55 000
Salary Costs	2 992 000	2 638 000	2 653 000	2 737 000
Depreciation	16 000	17 000	13 000	20 000
Impairment	0	0	0	0
Expenditure	3 839 000	3 449 000	3 470 000	3 506 000
Operating Profit	−122 000	14 000	23 000	178 000
Financial Income	2 000	2 000	3 000	6 000
Financial Costs	5 000	5 000	6 000	7 000
Financial Balance	−3 000	−3 000	−3 000	−1 000
Dividends	0	0	0	0
Net Income	−126 000	9 000	16 000	131 000

Balance details (NOK)	2020	2019	2018	2017
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	14 000	30 000	32 000	25 000
Total Tangible Assets	14 000	30 000	32 000	25 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	30 000	32 000	25 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 045 000	730 000	1 044 000	1 169 000
Total Current Assets	1 847 000	2 119 000	1 998 000	2 001 000
Total Assets	1 861 000	2 149 000	2 030 000	2 026 000
Total Equity	1 239 000	1 365 000	1 357 000	1 341 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	28 000	14 000	85 000	51 000
Unpaid Taxes	248 000	351 000	305 000	276 000
Dividends	0	0	0	0
Other Current Debt	344 000	416 000	279 000	310 000
Total Current Debt	621 000	783 000	673 000	685 000
Total Equity and Debt	1 861 000	2 149 000	2 030 000	2 026 000

Financial indicators	2020	2019	2018	2017
Return on Equity	−10,17 %	0,66 %	1,18 %	9,77 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,28 %	0,4 %	0,66 %	4,83 %
Current Ratio	2,97	2,71	2,97	2,92
Quick Ratio	2,97	2,71	2,97	2,92
Equity Ratio	0,67	0,64	0,67	0,66
Gross Profit Margin	95,8 %	96,39 %	97,02 %	98,51 %