HØVÅGAVISA AS

4770 HØVÅG

Finances

Share Ownership

Return on Equity

26,94 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	669 000	677 000	454 000	156 000
Net Income	−66 000	−33 000	−205 000	63 000
Total Assets	22 000	34 000	39 000	144 000
Total Equity	−245 000	−179 000	−146 000	59 000

Income (NOK)	2022	2021	2020	2019
Revenue	669 000	677 000	454 000	156 000
Expenditure	754 000	715 000	659 000	94 000
Operating Profit	−85 000	−38 000	−205 000	61 000
Financial Income	24 000	6 000	0	3 000
Financial Costs	5 000	1 000	0	1 000
Financial Balance	19 000	5 000	0	2 000
Earnings Before Tax	−66 000	−33 000	−205 000	63 000
Tax	0	0	0	0
Net Income	−66 000	−33 000	−205 000	63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	19 000	35 000	0
Total Current Assets	6 000	15 000	3 000	144 000
Total Assets	22 000	34 000	39 000	144 000
Total Retained Equity	−345 000	−279 000	−246 000	−41 000
Total Equity	−245 000	−179 000	−146 000	59 000
Total Long-Term Debt	129 000	101 000	84 000	84 000
Total Current Debt	138 000	112 000	101 000	1 000
Total Equity and Debt	22 000	34 000	39 000	144 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	669 000	677 000	454 000	156 000
Other Income	0	0	0	0
Revenue	669 000	677 000	454 000	156 000
Cost of Goods Sold	42 000	51 000	38 000	17 000
Salary Costs	453 000	441 000	379 000	50 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	754 000	715 000	659 000	94 000
Operating Profit	−85 000	−38 000	−205 000	61 000
Financial Income	24 000	6 000	0	3 000
Financial Costs	5 000	1 000	0	1 000
Financial Balance	19 000	5 000	0	2 000
Dividends	0	0	0	0
Net Income	−66 000	−33 000	−205 000	63 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	16 000	19 000	35 000	0
Total Fixed Assets	16 000	19 000	35 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 000	8 000	0	0
Total Current Assets	6 000	15 000	3 000	144 000
Total Assets	22 000	34 000	39 000	144 000
Total Equity	−245 000	−179 000	−146 000	59 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	129 000	101 000	84 000	84 000
Creditors	0	24 000	1 000	3 000
Unpaid Taxes	41 000	36 000	21 000	−2 000
Dividends	0	0	0	0
Other Current Debt	96 000	52 000	78 000	0
Total Current Debt	138 000	112 000	101 000	1 000
Total Equity and Debt	22 000	34 000	39 000	144 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,94 %	18,44 %	140,41 %	106,78 %
Debt-to-Equity Ratio	−0,53	−0,56	−0,58	1,42
Operating Profit Margin	−12,71 %	−5,61 %	−45,15 %	39,1 %
Current Ratio	0,04	0,13	0,03	144
Quick Ratio	0,04	0,13	0,03	144
Equity Ratio	−11,14	−5,26	−3,74	0,41
Gross Profit Margin	93,72 %	92,47 %	91,63 %	89,1 %