HVALER INNOVASJON AS

1680 SKJÆRHALDEN

Finances

Share Ownership

Return on Equity

−91,2 %

Current Ratio

9,38

Debt-to-Equity Ratio

19,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	672 000	630 000	633 000	594 000
Net Income	−114 000	90 000	29 000	0
Total Assets	2 723 000	3 113 000	3 198 000	3 559 000
Total Equity	125 000	339 000	250 000	381 000

Income (NOK)	2022	2021	2020	2019
Revenue	672 000	630 000	633 000	594 000
Expenditure	710 000	425 000	489 000	478 000
Operating Profit	−38 000	205 000	144 000	117 000
Financial Income	2 000	0	0	1 000
Financial Costs	102 000	88 000	103 000	115 000
Financial Balance	−100 000	−88 000	−103 000	−114 000
Earnings Before Tax	−138 000	117 000	41 000	3 000
Tax	−23 000	28 000	12 000	2 000
Net Income	−114 000	90 000	29 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 719 000	1 898 000	2 072 000	2 247 000
Total Current Assets	1 004 000	1 216 000	1 126 000	1 313 000
Total Assets	2 723 000	3 113 000	3 198 000	3 559 000
Total Retained Equity	−88 000	126 000	37 000	168 000
Total Equity	125 000	339 000	250 000	381 000
Total Long-Term Debt	2 490 000	2 701 000	2 879 000	3 011 000
Total Current Debt	107 000	73 000	69 000	167 000
Total Equity and Debt	2 723 000	3 113 000	3 198 000	3 559 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	669 000	578 000	572 000	563 000
Other Income	3 000	52 000	60 000	31 000
Revenue	672 000	630 000	633 000	594 000
Cost of Goods Sold	0	0	0	0
Salary Costs	157 000	0	0	0
Depreciation	178 000	175 000	175 000	176 000
Impairment	0	0	0	0
Expenditure	710 000	425 000	489 000	478 000
Operating Profit	−38 000	205 000	144 000	117 000
Financial Income	2 000	0	0	1 000
Financial Costs	102 000	88 000	103 000	115 000
Financial Balance	−100 000	−88 000	−103 000	−114 000
Dividends	0	0	0	0
Net Income	−114 000	90 000	29 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 222 000	1 485 000	1 572 000	1 658 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	469 000	383 000	472 000	560 000
Total Tangible Assets	1 691 000	1 869 000	2 043 000	2 218 000
Total Fiancial Fixed Assets	29 000	29 000	29 000	29 000
Total Fixed Assets	1 719 000	1 898 000	2 072 000	2 247 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	983 000	1 213 000	1 115 000	1 313 000
Total Current Assets	1 004 000	1 216 000	1 126 000	1 313 000
Total Assets	2 723 000	3 113 000	3 198 000	3 559 000
Total Equity	125 000	339 000	250 000	381 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 490 000	2 701 000	2 879 000	3 011 000
Creditors	14 000	0	0	0
Unpaid Taxes	40 000	26 000	27 000	22 000
Dividends	0	0	0	0
Other Current Debt	54 000	47 000	42 000	146 000
Total Current Debt	107 000	73 000	69 000	167 000
Total Equity and Debt	2 723 000	3 113 000	3 198 000	3 559 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−91,2 %	26,55 %	11,6 %	0 %
Debt-to-Equity Ratio	19,92	7,97	11,52	7,9
Operating Profit Margin	−5,65 %	32,54 %	22,75 %	19,7 %
Current Ratio	9,38	16,66	16,32	7,86
Quick Ratio	9,38	16,66	16,32	7,86
Equity Ratio	0,05	0,11	0,08	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %