HORJEN AS

4400 FLEKKEFJORD

Finances

Return on Equity

5,5 %

Current Ratio

3,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 262 000	24 764 000	24 407 000	23 364 000
Net Income	478 000	108 000	655 000	494 000
Total Assets	12 363 000	12 394 000	12 590 000	11 295 000
Total Equity	8 697 000	8 519 000	8 611 000	8 156 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 262 000	24 764 000	24 407 000	23 364 000
Expenditure	24 647 000	24 612 000	23 590 000	22 901 000
Operating Profit	614 000	153 000	817 000	463 000
Financial Income	27 000	26 000	34 000	38 000
Financial Costs	3 000	7 000	3 000	6 000
Financial Balance	24 000	19 000	31 000	32 000
Earnings Before Tax	639 000	172 000	849 000	494 000
Tax	160 000	64 000	194 000	0
Net Income	478 000	108 000	655 000	494 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	962 000	1 162 000	1 266 000	1 634 000
Total Current Assets	11 402 000	11 233 000	11 325 000	9 661 000
Total Assets	12 363 000	12 394 000	12 590 000	11 295 000
Total Retained Equity	8 497 000	8 319 000	8 411 000	7 956 000
Total Equity	8 697 000	8 519 000	8 611 000	8 156 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 666 000	3 875 000	3 979 000	3 139 000
Total Equity and Debt	12 363 000	12 394 000	12 590 000	11 295 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 262 000	24 764 000	24 312 000	23 358 000
Other Income	0	0	95 000	6 000
Revenue	25 262 000	24 764 000	24 407 000	23 364 000
Cost of Goods Sold	15 234 000	15 619 000	15 023 000	13 379 000
Salary Costs	6 377 000	6 103 000	5 919 000	6 314 000
Depreciation	514 000	596 000	531 000	525 000
Impairment	0	0	0	0
Expenditure	24 647 000	24 612 000	23 590 000	22 901 000
Operating Profit	614 000	153 000	817 000	463 000
Financial Income	27 000	26 000	34 000	38 000
Financial Costs	3 000	7 000	3 000	6 000
Financial Balance	24 000	19 000	31 000	32 000
Dividends	300 000	200 000	200 000	0
Net Income	478 000	108 000	655 000	494 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	900 000	1 100 000	1 204 000	1 569 000
Total Tangible Assets	900 000	1 100 000	1 204 000	1 569 000
Total Fiancial Fixed Assets	62 000	62 000	62 000	65 000
Total Fixed Assets	962 000	1 162 000	1 266 000	1 634 000
Stock	4 776 000	4 635 000	4 190 000	4 718 000
Total Investments	0	0	0	0
Cash, Bank	5 217 000	5 247 000	5 604 000	3 472 000
Total Current Assets	11 402 000	11 233 000	11 325 000	9 661 000
Total Assets	12 363 000	12 394 000	12 590 000	11 295 000
Total Equity	8 697 000	8 519 000	8 611 000	8 156 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 449 000	1 524 000	1 614 000	1 280 000
Unpaid Taxes	772 000	944 000	1 028 000	923 000
Dividends	300 000	200 000	200 000	0
Other Current Debt	985 000	1 144 000	944 000	936 000
Total Current Debt	3 666 000	3 875 000	3 979 000	3 139 000
Total Equity and Debt	12 363 000	12 394 000	12 590 000	11 295 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,5 %	1,27 %	7,61 %	6,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,43 %	0,62 %	3,35 %	1,98 %
Current Ratio	3,11	2,9	2,85	3,08
Quick Ratio	−10,27	−14,78	−53,67	−6,12
Equity Ratio	0,7	0,69	0,68	0,72
Gross Profit Margin	39,7 %	36,93 %	38,45 %	42,74 %