J HØGSETH AS

4848 ARENDAL

Finances

Share Ownership

Return on Equity

34,11 %

Current Ratio

15,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 350 000	1 242 000	690 000	0
Net Income	500 000	354 000	−216 000	−896 000
Total Assets	1 563 000	1 068 000	927 000	1 083 000
Total Equity	1 466 000	965 000	611 000	827 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 350 000	1 242 000	690 000	0
Expenditure	802 000	840 000	791 000	907 000
Operating Profit	498 000	352 000	−218 000	−906 000
Financial Income	2 000	2 000	2 000	7 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	2 000	6 000
Earnings Before Tax	500 000	354 000	−216 000	−900 000
Tax	0	0	0	−4 000
Net Income	500 000	354 000	−216 000	−896 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	19 000	47 000
Total Current Assets	1 563 000	1 068 000	908 000	1 035 000
Total Assets	1 563 000	1 068 000	927 000	1 083 000
Total Retained Equity	1 366 000	865 000	511 000	727 000
Total Equity	1 466 000	965 000	611 000	827 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	98 000	103 000	316 000	255 000
Total Equity and Debt	1 563 000	1 068 000	927 000	1 083 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 350 000	1 242 000	690 000	0
Revenue	1 350 000	1 242 000	690 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	782 000	782 000	706 000	831 000
Depreciation	0	19 000	29 000	29 000
Impairment	0	0	0	0
Expenditure	802 000	840 000	791 000	907 000
Operating Profit	498 000	352 000	−218 000	−906 000
Financial Income	2 000	2 000	2 000	7 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	2 000	6 000
Dividends	0	0	0	0
Net Income	500 000	354 000	−216 000	−896 000

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	0	0	19 000	47 000
Total Tangible Assets	0	0	19 000	47 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	19 000	47 000
Stock	0	49 000	98 000	216 000
Total Investments	0	0	0	0
Cash, Bank	1 559 000	1 014 000	810 000	807 000
Total Current Assets	1 563 000	1 068 000	908 000	1 035 000
Total Assets	1 563 000	1 068 000	927 000	1 083 000
Total Equity	1 466 000	965 000	611 000	827 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	5 000	5 000	1 000
Unpaid Taxes	12 000	12 000	228 000	172 000
Dividends	0	0	0	0
Other Current Debt	86 000	86 000	83 000	82 000
Total Current Debt	98 000	103 000	316 000	255 000
Total Equity and Debt	1 563 000	1 068 000	927 000	1 083 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,11 %	36,68 %	−35,35 %	−108,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	36,89 %	28,34 %	−31,59 %	-
Current Ratio	15,95	10,37	2,87	4,06
Quick Ratio	15,95	19,78	4,17	26,54
Equity Ratio	0,94	0,9	0,66	0,76
Gross Profit Margin	100 %	100 %	100 %	-