HOVLAND BÅT AS

4374 EGERSUND

Finances

Return on Equity

18,4 %

Current Ratio

2,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 357 000	42 438 000	42 274 000	31 075 000
Net Income	2 589 000	4 089 000	3 365 000	475 000
Total Assets	25 755 000	25 972 000	23 608 000	19 629 000
Total Equity	14 070 000	12 481 000	14 392 000	12 227 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 357 000	42 438 000	42 274 000	31 075 000
Expenditure	31 972 000	38 690 000	37 914 000	30 452 000
Operating Profit	3 384 000	3 748 000	4 360 000	623 000
Financial Income	19 000	1 219 000	24 000	30 000
Financial Costs	44 000	27 000	29 000	35 000
Financial Balance	−25 000	1 192 000	−5 000	−5 000
Earnings Before Tax	3 359 000	4 940 000	4 355 000	617 000
Tax	771 000	852 000	989 000	142 000
Net Income	2 589 000	4 089 000	3 365 000	475 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 354 000	1 745 000	2 163 000	2 256 000
Total Current Assets	24 401 000	24 228 000	21 445 000	17 374 000
Total Assets	25 755 000	25 972 000	23 608 000	19 629 000
Total Retained Equity	13 970 000	12 381 000	14 292 000	12 127 000
Total Equity	14 070 000	12 481 000	14 392 000	12 227 000
Total Long-Term Debt	0	0	0	86 000
Total Current Debt	11 685 000	13 492 000	9 216 000	7 317 000
Total Equity and Debt	25 755 000	25 972 000	23 608 000	19 629 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 357 000	42 433 000	42 274 000	30 999 000
Other Income	0	6 000	0	76 000
Revenue	35 357 000	42 438 000	42 274 000	31 075 000
Cost of Goods Sold	25 985 000	32 501 000	31 904 000	24 346 000
Salary Costs	3 876 000	4 202 000	4 078 000	4 118 000
Depreciation	390 000	418 000	472 000	408 000
Impairment	0	0	0	0
Expenditure	31 972 000	38 690 000	37 914 000	30 452 000
Operating Profit	3 384 000	3 748 000	4 360 000	623 000
Financial Income	19 000	1 219 000	24 000	30 000
Financial Costs	44 000	27 000	29 000	35 000
Financial Balance	−25 000	1 192 000	−5 000	−5 000
Dividends	1 000 000	6 000 000	1 200 000	2 400 000
Net Income	2 589 000	4 089 000	3 365 000	475 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	678 000	739 000	799 000	859 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	566 000	896 000	1 254 000	1 286 000
Total Tangible Assets	1 244 000	1 635 000	2 053 000	2 146 000
Total Fiancial Fixed Assets	110 000	110 000	110 000	110 000
Total Fixed Assets	1 354 000	1 745 000	2 163 000	2 256 000
Stock	20 985 000	14 807 000	10 916 000	11 300 000
Total Investments	0	0	0	0
Cash, Bank	1 198 000	6 246 000	8 974 000	4 124 000
Total Current Assets	24 401 000	24 228 000	21 445 000	17 374 000
Total Assets	25 755 000	25 972 000	23 608 000	19 629 000
Total Equity	14 070 000	12 481 000	14 392 000	12 227 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	86 000
Creditors	8 157 000	5 514 000	4 988 000	3 359 000
Unpaid Taxes	879 000	545 000	1 004 000	1 115 000
Dividends	1 000 000	6 000 000	1 200 000	2 400 000
Other Current Debt	879 000	4 581 000	1 034 000	1 498 000
Total Current Debt	11 685 000	13 492 000	9 216 000	7 317 000
Total Equity and Debt	25 755 000	25 972 000	23 608 000	19 629 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,4 %	32,76 %	23,38 %	3,88 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	9,57 %	8,83 %	10,31 %	2 %
Current Ratio	2,09	1,8	2,33	2,37
Quick Ratio	−2,62	−18,42	−12,61	−4,36
Equity Ratio	0,55	0,48	0,61	0,62
Gross Profit Margin	26,51 %	23,42 %	24,53 %	21,65 %