HULTIN ELEKTRONIKK AS

1365 BLOMMENHOLM

Finances

Share Ownership

Return on Equity

35,42 %

Current Ratio

3,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 411 000	3 194 000	2 741 000	2 546 000
Net Income	305 000	317 000	195 000	85 000
Total Assets	1 271 000	1 039 000	630 000	307 000
Total Equity	861 000	556 000	289 000	93 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 411 000	3 194 000	2 741 000	2 546 000
Expenditure	3 049 000	2 809 000	2 485 000	2 453 000
Operating Profit	362 000	384 000	257 000	93 000
Financial Income	18 000	35 000	6 000	3 000
Financial Costs	20 000	6 000	68 000	12 000
Financial Balance	−2 000	29 000	−62 000	−9 000
Earnings Before Tax	360 000	414 000	195 000	85 000
Tax	55 000	97 000	0	0
Net Income	305 000	317 000	195 000	85 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	36 000	19 000	7 000	0
Total Current Assets	1 236 000	1 020 000	623 000	307 000
Total Assets	1 271 000	1 039 000	630 000	307 000
Total Retained Equity	811 000	506 000	189 000	−7 000
Total Equity	861 000	556 000	289 000	93 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	411 000	483 000	341 000	213 000
Total Equity and Debt	1 271 000	1 039 000	630 000	307 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 407 000	3 194 000	2 741 000	2 546 000
Other Income	3 000	0	1 000	0
Revenue	3 411 000	3 194 000	2 741 000	2 546 000
Cost of Goods Sold	1 613 000	1 419 000	1 276 000	1 211 000
Salary Costs	1 177 000	1 120 000	902 000	880 000
Depreciation	7 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	3 049 000	2 809 000	2 485 000	2 453 000
Operating Profit	362 000	384 000	257 000	93 000
Financial Income	18 000	35 000	6 000	3 000
Financial Costs	20 000	6 000	68 000	12 000
Financial Balance	−2 000	29 000	−62 000	−9 000
Dividends	0	0	0	0
Net Income	305 000	317 000	195 000	85 000

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	36 000	19 000	0	0
Total Tangible Assets	36 000	19 000	0	0
Total Fiancial Fixed Assets	0	1 000	7 000	0
Total Fixed Assets	36 000	19 000	7 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 157 000	592 000	299 000	270 000
Total Current Assets	1 236 000	1 020 000	623 000	307 000
Total Assets	1 271 000	1 039 000	630 000	307 000
Total Equity	861 000	556 000	289 000	93 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	89 000	164 000	101 000	53 000
Unpaid Taxes	129 000	197 000	144 000	67 000
Dividends	0	0	0	0
Other Current Debt	137 000	25 000	96 000	92 000
Total Current Debt	411 000	483 000	341 000	213 000
Total Equity and Debt	1 271 000	1 039 000	630 000	307 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,42 %	57,01 %	67,47 %	91,4 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,61 %	12,02 %	9,38 %	3,65 %
Current Ratio	3,01	2,11	1,83	1,44
Quick Ratio	3,01	2,11	1,83	1,44
Equity Ratio	0,68	0,54	0,46	0,3
Gross Profit Margin	52,71 %	55,57 %	53,45 %	52,44 %