HARTVIG OLSEN AS

4847 ARENDAL

Finances

Return on Equity

31,74 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	58 190 000	65 994 000	54 512 000	48 375 000
Net Income	5 219 000	14 339 000	3 507 000	1 431 000
Total Assets	32 857 000	41 318 000	31 662 000	27 300 000
Total Equity	16 444 000	11 225 000	10 886 000	9 379 000

Income (NOK)	2022	2021	2020	2019
Revenue	58 190 000	65 994 000	54 512 000	48 375 000
Expenditure	56 821 000	58 344 000	50 581 000	46 888 000
Operating Profit	1 369 000	7 650 000	3 932 000	1 487 000
Financial Income	4 264 000	8 524 000	632 000	356 000
Financial Costs	50 000	93 000	189 000	68 000
Financial Balance	4 214 000	8 431 000	443 000	288 000
Earnings Before Tax	5 583 000	16 080 000	4 375 000	1 774 000
Tax	364 000	1 741 000	868 000	343 000
Net Income	5 219 000	14 339 000	3 507 000	1 431 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 435 000	7 653 000	8 054 000	7 957 000
Total Current Assets	25 423 000	33 665 000	23 608 000	19 343 000
Total Assets	32 857 000	41 318 000	31 662 000	27 300 000
Total Retained Equity	14 851 000	9 631 000	9 292 000	7 786 000
Total Equity	16 444 000	11 225 000	10 886 000	9 379 000
Total Long-Term Debt	0	0	2 310 000	2 400 000
Total Current Debt	16 413 000	30 093 000	18 466 000	15 521 000
Total Equity and Debt	32 857 000	41 318 000	31 662 000	27 300 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	58 073 000	65 733 000	54 280 000	48 046 000
Other Income	118 000	261 000	232 000	329 000
Revenue	58 190 000	65 994 000	54 512 000	48 375 000
Cost of Goods Sold	34 320 000	37 126 000	31 959 000	29 063 000
Salary Costs	11 470 000	11 875 000	9 832 000	8 841 000
Depreciation	257 000	274 000	194 000	209 000
Impairment	0	0	0	0
Expenditure	56 821 000	58 344 000	50 581 000	46 888 000
Operating Profit	1 369 000	7 650 000	3 932 000	1 487 000
Financial Income	4 264 000	8 524 000	632 000	356 000
Financial Costs	50 000	93 000	189 000	68 000
Financial Balance	4 214 000	8 431 000	443 000	288 000
Dividends	0	14 000 000	2 000 000	3 000 000
Net Income	5 219 000	14 339 000	3 507 000	1 431 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	93 000	59 000	56 000	766 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	150 000	220 000	446 000	161 000
Fixtures	661 000	843 000	778 000	664 000
Total Tangible Assets	811 000	1 063 000	1 225 000	824 000
Total Fiancial Fixed Assets	6 530 000	6 530 000	6 773 000	6 366 000
Total Fixed Assets	7 435 000	7 653 000	8 054 000	7 957 000
Stock	17 424 000	14 546 000	12 033 000	13 122 000
Total Investments	0	0	0	0
Cash, Bank	7 343 000	17 377 000	9 611 000	5 415 000
Total Current Assets	25 423 000	33 665 000	23 608 000	19 343 000
Total Assets	32 857 000	41 318 000	31 662 000	27 300 000
Total Equity	16 444 000	11 225 000	10 886 000	9 379 000
Short-Term Group Debt	6 388 000	8 430 000	2 658 000	774 000
Total Long-Term Debt	0	0	2 310 000	2 400 000
Creditors	1 172 000	2 843 000	1 877 000	2 214 000
Unpaid Taxes	2 473 000	2 503 000	2 557 000	2 370 000
Dividends	0	14 000 000	2 000 000	3 000 000
Other Current Debt	5 982 000	6 573 000	9 216 000	7 163 000
Total Current Debt	16 413 000	30 093 000	18 466 000	15 521 000
Total Equity and Debt	32 857 000	41 318 000	31 662 000	27 300 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,74 %	127,74 %	32,22 %	15,26 %
Debt-to-Equity Ratio	0	0	0,21	0,26
Operating Profit Margin	2,35 %	11,59 %	7,21 %	3,07 %
Current Ratio	1,55	1,12	1,28	1,25
Quick Ratio	−25,15	2,17	3,67	8,06
Equity Ratio	0,5	0,27	0,34	0,34
Gross Profit Margin	41,02 %	43,74 %	41,37 %	39,92 %