HORNNES BURETTSLAG

6800 FØRDE

Finances

Share Ownership

Return on Equity

5,97 %

Current Ratio

17,53

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 801 000	1 801 000	1 801 000	1 801 000
Net Income	821 000	914 000	975 000	957 000
Total Assets	28 296 000	27 912 000	27 957 000	28 143 000
Total Equity	13 746 000	12 925 000	12 011 000	11 036 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 801 000	1 801 000	1 801 000	1 801 000
Expenditure	958 000	861 000	758 000	762 000
Operating Profit	843 000	940 000	1 043 000	1 039 000
Financial Income	6 000	1 000	2 000	7 000
Financial Costs	28 000	26 000	70 000	89 000
Financial Balance	−22 000	−25 000	−68 000	−82 000
Earnings Before Tax	821 000	914 000	1 043 000	1 039 000
Tax	0	0	0	0
Net Income	821 000	914 000	975 000	957 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 771 000	27 771 000	27 771 000	27 771 000
Total Current Assets	526 000	142 000	186 000	372 000
Total Assets	28 296 000	27 912 000	27 957 000	28 143 000
Total Retained Equity	13 744 000	12 923 000	12 008 000	11 034 000
Total Equity	13 746 000	12 925 000	12 011 000	11 036 000
Total Long-Term Debt	14 520 000	14 954 000	15 935 000	17 073 000
Total Current Debt	30 000	33 000	11 000	33 000
Total Equity and Debt	28 296 000	27 912 000	27 957 000	28 143 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 801 000	1 801 000	0	0
Other Income	0	0	1 801 000	1 801 000
Revenue	1 801 000	1 801 000	1 801 000	1 801 000
Cost of Goods Sold	0	0	0	0
Salary Costs	39 000	33 000	2 000	22 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	958 000	861 000	758 000	762 000
Operating Profit	843 000	940 000	1 043 000	1 039 000
Financial Income	6 000	1 000	2 000	7 000
Financial Costs	28 000	26 000	70 000	89 000
Financial Balance	−22 000	−25 000	−68 000	−82 000
Dividends	0	0	0	0
Net Income	821 000	914 000	975 000	957 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	27 771 000	27 771 000	27 771 000	27 771 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	27 771 000	27 771 000	27 771 000	27 771 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	27 771 000	27 771 000	27 771 000	27 771 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	380 000	17 000	72 000	251 000
Total Current Assets	526 000	142 000	186 000	372 000
Total Assets	28 296 000	27 912 000	27 957 000	28 143 000
Total Equity	13 746 000	12 925 000	12 011 000	11 036 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 520 000	14 954 000	15 935 000	17 073 000
Creditors	0	11 000	0	6 000
Unpaid Taxes	3 000	2 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	28 000	20 000	10 000	27 000
Total Current Debt	30 000	33 000	11 000	33 000
Total Equity and Debt	28 296 000	27 912 000	27 957 000	28 143 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,97 %	7,07 %	8,12 %	8,67 %
Debt-to-Equity Ratio	1,06	1,16	1,33	1,55
Operating Profit Margin	46,81 %	52,19 %	57,91 %	57,69 %
Current Ratio	17,53	4,3	16,91	11,27
Quick Ratio	17,53	4,3	16,91	11,27
Equity Ratio	0,49	0,46	0,43	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %