HOVENGA III BORETTSLAG

3717 SKIEN

Finances

Share Ownership

Return on Equity

18,29 %

Current Ratio

13,1

Debt-to-Equity Ratio

−1,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 672 000	1 366 000	1 239 000	1 239 000
Net Income	−1 722 000	−2 624 000	396 000	343 000
Total Assets	6 138 000	8 362 000	2 563 000	2 413 000
Total Equity	−9 417 000	−7 695 000	−5 071 000	−5 467 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 672 000	1 366 000	1 239 000	1 239 000
Expenditure	3 051 000	621 000	604 000	584 000
Operating Profit	−1 378 000	−2 472 000	528 000	539 000
Financial Income	33 000	7 000	7 000	13 000
Financial Costs	377 000	159 000	139 000	210 000
Financial Balance	−344 000	−152 000	−132 000	−197 000
Earnings Before Tax	−1 722 000	594 000	503 000	458 000
Tax	0	0	0	0
Net Income	−1 722 000	−2 624 000	396 000	343 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 670 000	3 153 000	1 469 000	1 456 000
Total Current Assets	1 467 000	5 209 000	1 094 000	958 000
Total Assets	6 138 000	8 362 000	2 563 000	2 413 000
Total Retained Equity	−9 417 000	−7 695 000	−5 071 000	−5 467 000
Total Equity	−9 417 000	−7 695 000	−5 071 000	−5 467 000
Total Long-Term Debt	15 443 000	15 910 000	7 542 000	7 789 000
Total Current Debt	112 000	147 000	92 000	92 000
Total Equity and Debt	6 138 000	8 362 000	2 563 000	2 413 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 672 000	1 366 000	1 239 000	1 239 000
Revenue	1 672 000	1 366 000	1 239 000	1 239 000
Cost of Goods Sold	0	0	0	0
Salary Costs	57 000	63 000	55 000	57 000
Depreciation	10 000	0	0	0
Impairment	0	0	0	0
Expenditure	3 051 000	621 000	604 000	584 000
Operating Profit	−1 378 000	−2 472 000	528 000	539 000
Financial Income	33 000	7 000	7 000	13 000
Financial Costs	377 000	159 000	139 000	210 000
Financial Balance	−344 000	−152 000	−132 000	−197 000
Dividends	0	0	0	0
Net Income	−1 722 000	−2 624 000	396 000	343 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 670 000	3 153 000	1 469 000	1 456 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 670 000	3 153 000	1 469 000	1 456 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 670 000	3 153 000	1 469 000	1 456 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 362 000	5 109 000	1 011 000	866 000
Total Current Assets	1 467 000	5 209 000	1 094 000	958 000
Total Assets	6 138 000	8 362 000	2 563 000	2 413 000
Total Equity	−9 417 000	−7 695 000	−5 071 000	−5 467 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 443 000	15 910 000	7 542 000	7 789 000
Creditors	115 000	156 000	84 000	80 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	−3 000	−9 000	8 000	12 000
Total Current Debt	112 000	147 000	92 000	92 000
Total Equity and Debt	6 138 000	8 362 000	2 563 000	2 413 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,29 %	34,1 %	−7,81 %	−6,27 %
Debt-to-Equity Ratio	−1,64	−2,07	−1,49	−1,42
Operating Profit Margin	−82,42 %	−180,97 %	42,62 %	43,5 %
Current Ratio	13,1	35,44	11,89	10,41
Quick Ratio	13,1	35,44	11,89	10,41
Equity Ratio	−1,53	−0,92	−1,98	−2,27
Gross Profit Margin	100 %	100 %	100 %	100 %