HORZE NORGE AS

1407 VINTERBRO

Finances

Share Ownership

Return on Equity

7,12 %

Current Ratio

3,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 861 000	35 981 000	35 339 000	35 386 000
Net Income	1 132 000	3 219 000	3 492 000	1 164 000
Total Assets	21 225 000	29 945 000	29 056 000	26 024 000
Total Equity	15 888 000	19 356 000	24 637 000	20 684 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 861 000	35 981 000	35 339 000	35 386 000
Expenditure	31 571 000	31 994 000	30 850 000	33 018 000
Operating Profit	1 290 000	3 987 000	4 489 000	2 368 000
Financial Income	212 000	169 000	73 000	18 000
Financial Costs	51 000	29 000	86 000	893 000
Financial Balance	161 000	140 000	−13 000	−875 000
Earnings Before Tax	1 452 000	4 127 000	4 477 000	1 493 000
Tax	320 000	908 000	985 000	328 000
Net Income	1 132 000	3 219 000	3 492 000	1 164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 450 000	5 587 000	6 359 000	5 115 000
Total Current Assets	18 775 000	24 358 000	22 697 000	20 910 000
Total Assets	21 225 000	29 945 000	29 056 000	26 024 000
Total Retained Equity	5 828 000	20 000	5 302 000	1 349 000
Total Equity	15 888 000	19 356 000	24 637 000	20 684 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 337 000	10 589 000	4 419 000	5 340 000
Total Equity and Debt	21 225 000	29 945 000	29 056 000	26 024 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 179 000	34 769 000	34 205 000	33 704 000
Other Income	682 000	1 212 000	1 134 000	1 682 000
Revenue	32 861 000	35 981 000	35 339 000	35 386 000
Cost of Goods Sold	19 071 000	20 445 000	20 283 000	19 464 000
Salary Costs	6 728 000	6 728 000	6 102 000	7 425 000
Depreciation	192 000	478 000	609 000	583 000
Impairment	0	0	0	0
Expenditure	31 571 000	31 994 000	30 850 000	33 018 000
Operating Profit	1 290 000	3 987 000	4 489 000	2 368 000
Financial Income	212 000	169 000	73 000	18 000
Financial Costs	51 000	29 000	86 000	893 000
Financial Balance	161 000	140 000	−13 000	−875 000
Dividends	0	5 500 000	0	0
Net Income	1 132 000	3 219 000	3 492 000	1 164 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	123 000	120 000	382 000	1 497 000
Real Eastate	1 500 000	1 579 000	1 761 000	2 044 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	180 000	209 000	505 000	830 000
Total Tangible Assets	1 681 000	1 788 000	2 266 000	2 875 000
Total Fiancial Fixed Assets	646 000	3 679 000	3 711 000	743 000
Total Fixed Assets	2 450 000	5 587 000	6 359 000	5 115 000
Stock	15 848 000	12 415 000	12 972 000	14 147 000
Total Investments	0	0	0	0
Cash, Bank	1 100 000	11 322 000	8 525 000	5 105 000
Total Current Assets	18 775 000	24 358 000	22 697 000	20 910 000
Total Assets	21 225 000	29 945 000	29 056 000	26 024 000
Total Equity	15 888 000	19 356 000	24 637 000	20 684 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 576 000	1 998 000	2 010 000	2 584 000
Unpaid Taxes	776 000	872 000	1 053 000	1 301 000
Dividends	0	5 500 000	0	0
Other Current Debt	1 663 000	1 573 000	1 356 000	1 454 000
Total Current Debt	5 337 000	10 589 000	4 419 000	5 340 000
Total Equity and Debt	21 225 000	29 945 000	29 056 000	26 024 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,12 %	16,63 %	14,17 %	5,63 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,93 %	11,08 %	12,7 %	6,69 %
Current Ratio	3,52	2,3	5,14	3,92
Quick Ratio	−1,79	−13,34	−2,65	−2,37
Equity Ratio	0,75	0,65	0,85	0,79
Gross Profit Margin	41,96 %	43,18 %	42,6 %	45 %