HOVENGA II BORETTSLAG

3717 SKIEN

Finances

Share Ownership

Return on Equity

−13,77 %

Current Ratio

8,57

Debt-to-Equity Ratio

−2,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	654 000	648 000	598 000	576 000
Net Income	114 000	231 000	178 000	183 000
Total Assets	1 351 000	1 366 000	1 278 000	1 248 000
Total Equity	−828 000	−941 000	−1 172 000	−1 351 000

Income (NOK)	2022	2021	2020	2019
Revenue	654 000	648 000	598 000	576 000
Expenditure	496 000	376 000	374 000	326 000
Operating Profit	158 000	263 000	220 000	248 000
Financial Income	7 000	1 000	3 000	5 000
Financial Costs	52 000	33 000	45 000	69 000
Financial Balance	−45 000	−32 000	−42 000	−64 000
Earnings Before Tax	114 000	239 000	184 000	185 000
Tax	0	0	0	0
Net Income	114 000	231 000	178 000	183 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	888 000	888 000	888 000	888 000
Total Current Assets	463 000	478 000	389 000	360 000
Total Assets	1 351 000	1 366 000	1 278 000	1 248 000
Total Retained Equity	−828 000	−941 000	−1 172 000	−1 351 000
Total Equity	−828 000	−941 000	−1 172 000	−1 351 000
Total Long-Term Debt	2 125 000	2 264 000	2 408 000	2 543 000
Total Current Debt	54 000	43 000	42 000	56 000
Total Equity and Debt	1 351 000	1 366 000	1 278 000	1 248 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	654 000	648 000	598 000	576 000
Revenue	654 000	648 000	598 000	576 000
Cost of Goods Sold	0	0	0	0
Salary Costs	21 000	18 000	18 000	18 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	496 000	376 000	374 000	326 000
Operating Profit	158 000	263 000	220 000	248 000
Financial Income	7 000	1 000	3 000	5 000
Financial Costs	52 000	33 000	45 000	69 000
Financial Balance	−45 000	−32 000	−42 000	−64 000
Dividends	0	0	0	0
Net Income	114 000	231 000	178 000	183 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	888 000	888 000	888 000	888 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	888 000	888 000	888 000	888 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	888 000	888 000	888 000	888 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	415 000	439 000	342 000	299 000
Total Current Assets	463 000	478 000	389 000	360 000
Total Assets	1 351 000	1 366 000	1 278 000	1 248 000
Total Equity	−828 000	−941 000	−1 172 000	−1 351 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 125 000	2 264 000	2 408 000	2 543 000
Creditors	48 000	39 000	37 000	33 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 000	5 000	5 000	23 000
Total Current Debt	54 000	43 000	42 000	56 000
Total Equity and Debt	1 351 000	1 366 000	1 278 000	1 248 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,77 %	−24,55 %	−15,19 %	−13,55 %
Debt-to-Equity Ratio	−2,57	−2,41	−2,05	−1,88
Operating Profit Margin	24,16 %	40,59 %	36,79 %	43,06 %
Current Ratio	8,57	11,12	9,26	6,43
Quick Ratio	8,57	11,12	9,26	6,43
Equity Ratio	−0,61	−0,69	−0,92	−1,08
Gross Profit Margin	100 %	100 %	100 %	100 %