HØVIK INDUSTRIER AS

1396 BILLINGSTAD

Finances

Return on Equity

3,68 %

Current Ratio

0,96

Debt-to-Equity Ratio

0,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	120 000	96 000	96 000	0
Net Income	1 398 000	3 825 000	1 818 000	453 000
Total Assets	58 863 000	60 612 000	60 974 000	65 127 000
Total Equity	38 037 000	38 039 000	39 032 000	39 623 000

Income (NOK)	2022	2021	2020	2019
Revenue	120 000	96 000	96 000	0
Expenditure	1 413 000	1 283 000	1 014 000	630 000
Operating Profit	−1 292 000	−1 188 000	−917 000	−630 000
Financial Income	3 609 000	5 846 000	3 813 000	3 568 000
Financial Costs	809 000	636 000	862 000	2 367 000
Financial Balance	2 800 000	5 210 000	2 951 000	1 201 000
Earnings Before Tax	1 508 000	4 022 000	2 035 000	570 000
Tax	110 000	198 000	217 000	118 000
Net Income	1 398 000	3 825 000	1 818 000	453 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 095 000	57 751 000	57 005 000	37 727 000
Total Current Assets	3 768 000	2 861 000	3 970 000	27 400 000
Total Assets	58 863 000	60 612 000	60 974 000	65 127 000
Total Retained Equity	37 937 000	37 939 000	38 932 000	39 523 000
Total Equity	38 037 000	38 039 000	39 032 000	39 623 000
Total Long-Term Debt	16 906 000	16 467 000	18 000 000	20 000 000
Total Current Debt	3 920 000	6 106 000	3 942 000	5 504 000
Total Equity and Debt	58 863 000	60 612 000	60 974 000	65 127 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 000	96 000	96 000	0
Other Income	0	0	0	0
Revenue	120 000	96 000	96 000	0
Cost of Goods Sold	0	14 000	12 000	0
Salary Costs	805 000	677 000	536 000	194 000
Depreciation	83 000	48 000	0	0
Impairment	0	0	0	0
Expenditure	1 413 000	1 283 000	1 014 000	630 000
Operating Profit	−1 292 000	−1 188 000	−917 000	−630 000
Financial Income	3 609 000	5 846 000	3 813 000	3 568 000
Financial Costs	809 000	636 000	862 000	2 367 000
Financial Balance	2 800 000	5 210 000	2 951 000	1 201 000
Dividends	1 400 000	4 818 000	2 409 000	3 000 000
Net Income	1 398 000	3 825 000	1 818 000	453 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	132 000	213 000	381 000	568 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	366 000	449 000	0	0
Total Tangible Assets	366 000	449 000	0	0
Total Fiancial Fixed Assets	54 597 000	57 089 000	56 624 000	37 159 000
Total Fixed Assets	55 095 000	57 751 000	57 005 000	37 727 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 322 000	1 496 000	2 604 000	2 833 000
Total Current Assets	3 768 000	2 861 000	3 970 000	27 400 000
Total Assets	58 863 000	60 612 000	60 974 000	65 127 000
Total Equity	38 037 000	38 039 000	39 032 000	39 623 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 906 000	16 467 000	18 000 000	20 000 000
Creditors	4 000	3 000	1 000	26 000
Unpaid Taxes	92 000	86 000	82 000	81 000
Dividends	1 400 000	4 818 000	2 409 000	3 000 000
Other Current Debt	2 424 000	1 199 000	1 450 000	2 397 000
Total Current Debt	3 920 000	6 106 000	3 942 000	5 504 000
Total Equity and Debt	58 863 000	60 612 000	60 974 000	65 127 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,68 %	10,06 %	4,66 %	1,14 %
Debt-to-Equity Ratio	0,44	0,43	0,46	0,5
Operating Profit Margin	−1 076,67 %	−1 237,5 %	−955,21 %	-
Current Ratio	0,96	0,47	1,01	4,98
Quick Ratio	0,96	0,47	1,01	4,98
Equity Ratio	0,65	0,63	0,64	0,61
Gross Profit Margin	100 %	85,42 %	87,5 %	-