STIFTELSEN HARSTAD FOLKEHØGSKOLE

9404 HARSTAD

Finances

Share Ownership

Return on Equity

30,16 %

Current Ratio

3,07

Debt-to-Equity Ratio

4,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 222 000	15 709 000	15 943 000	18 096 000
Net Income	845 000	753 000	1 521 000	−87 000
Total Assets	17 156 000	16 675 000	17 763 000	13 746 000
Total Equity	2 802 000	1 957 000	1 179 000	−342 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 222 000	15 709 000	15 943 000	18 096 000
Expenditure	13 957 000	14 785 000	14 224 000	17 878 000
Operating Profit	1 265 000	924 000	1 718 000	219 000
Financial Income	1 000	−1 000	1 000	0
Financial Costs	349 000	171 000	198 000	306 000
Financial Balance	−348 000	−172 000	−197 000	−306 000
Earnings Before Tax	916 000	753 000	1 521 000	−87 000
Tax	71 000	0	0	0
Net Income	845 000	753 000	1 521 000	−87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 631 000	10 886 000	10 899 000	11 219 000
Total Current Assets	6 525 000	5 789 000	6 864 000	2 526 000
Total Assets	17 156 000	16 675 000	17 763 000	13 746 000
Total Retained Equity	2 512 000	1 667 000	889 000	−632 000
Total Equity	2 802 000	1 957 000	1 179 000	−342 000
Total Long-Term Debt	12 225 000	13 069 000	13 912 000	11 667 000
Total Current Debt	2 128 000	1 649 000	2 673 000	2 421 000
Total Equity and Debt	17 156 000	16 675 000	17 763 000	13 746 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 783 000	−296 000	348 000	10 016 000
Other Income	10 439 000	16 005 000	15 594 000	8 080 000
Revenue	15 222 000	15 709 000	15 943 000	18 096 000
Cost of Goods Sold	672 000	912 000	633 000	951 000
Salary Costs	8 341 000	8 089 000	7 367 000	8 003 000
Depreciation	727 000	698 000	741 000	630 000
Impairment	0	0	0	0
Expenditure	13 957 000	14 785 000	14 224 000	17 878 000
Operating Profit	1 265 000	924 000	1 718 000	219 000
Financial Income	1 000	−1 000	1 000	0
Financial Costs	349 000	171 000	198 000	306 000
Financial Balance	−348 000	−172 000	−197 000	−306 000
Dividends	0	0	0	0
Net Income	845 000	753 000	1 521 000	−87 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	150 000	0	19 000	73 000
Real Eastate	9 919 000	10 166 000	9 970 000	10 174 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	561 000	721 000	910 000	973 000
Total Tangible Assets	10 481 000	10 886 000	10 880 000	11 147 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 631 000	10 886 000	10 899 000	11 219 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 897 000	5 422 000	5 994 000	1 488 000
Total Current Assets	6 525 000	5 789 000	6 864 000	2 526 000
Total Assets	17 156 000	16 675 000	17 763 000	13 746 000
Total Equity	2 802 000	1 957 000	1 179 000	−342 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 225 000	13 069 000	13 912 000	11 667 000
Creditors	581 000	280 000	620 000	462 000
Unpaid Taxes	297 000	504 000	400 000	389 000
Dividends	0	0	0	0
Other Current Debt	1 178 000	865 000	1 652 000	1 570 000
Total Current Debt	2 128 000	1 649 000	2 673 000	2 421 000
Total Equity and Debt	17 156 000	16 675 000	17 763 000	13 746 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,16 %	38,48 %	129,01 %	25,44 %
Debt-to-Equity Ratio	4,36	6,68	11,8	−34,11
Operating Profit Margin	8,31 %	5,88 %	10,78 %	1,21 %
Current Ratio	3,07	3,51	2,57	1,04
Quick Ratio	3,07	3,51	2,57	1,04
Equity Ratio	0,16	0,12	0,07	−0,02
Gross Profit Margin	95,59 %	94,19 %	96,03 %	94,74 %