HESTAVANGEN AS

5700 VOSS

Finances

Return on Equity

29,37 %

Current Ratio

5,47

Debt-to-Equity Ratio

7,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	287 000	275 000	252 000	271 000
Net Income	74 000	59 000	51 000	29 000
Total Assets	2 062 000	2 088 000	2 053 000	2 080 000
Total Equity	252 000	178 000	120 000	69 000

Income (NOK)	2022	2021	2020	2019
Revenue	287 000	275 000	252 000	271 000
Expenditure	206 000	152 000	164 000	185 000
Operating Profit	81 000	123 000	89 000	86 000
Financial Income	63 000	10 000	33 000	8 000
Financial Costs	66 000	57 000	57 000	57 000
Financial Balance	−3 000	−47 000	−24 000	−49 000
Earnings Before Tax	79 000	75 000	64 000	37 000
Tax	5 000	17 000	14 000	8 000
Net Income	74 000	59 000	51 000	29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 827 000	1 857 000	1 857 000	1 846 000
Total Current Assets	235 000	231 000	195 000	234 000
Total Assets	2 062 000	2 088 000	2 053 000	2 080 000
Total Retained Equity	−262 000	−336 000	−395 000	−445 000
Total Equity	252 000	178 000	120 000	69 000
Total Long-Term Debt	1 767 000	1 797 000	1 849 000	1 919 000
Total Current Debt	43 000	112 000	84 000	91 000
Total Equity and Debt	2 062 000	2 088 000	2 053 000	2 080 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	287 000	275 000	252 000	271 000
Revenue	287 000	275 000	252 000	271 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	31 000	7 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	206 000	152 000	164 000	185 000
Operating Profit	81 000	123 000	89 000	86 000
Financial Income	63 000	10 000	33 000	8 000
Financial Costs	66 000	57 000	57 000	57 000
Financial Balance	−3 000	−47 000	−24 000	−49 000
Dividends	0	0	0	0
Net Income	74 000	59 000	51 000	29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	15 000	31 000	45 000
Real Eastate	0	30 000	31 000	32 000
Machinery and Plant Facilities	28 000	29 000	35 000	41 000
Fixtures	0	0	0	0
Total Tangible Assets	28 000	59 000	66 000	73 000
Total Fiancial Fixed Assets	1 789 000	1 784 000	1 760 000	1 728 000
Total Fixed Assets	1 827 000	1 857 000	1 857 000	1 846 000
Stock	0	0	0	0
Total Investments	75 000	23 000	23 000	23 000
Cash, Bank	156 000	204 000	168 000	119 000
Total Current Assets	235 000	231 000	195 000	234 000
Total Assets	2 062 000	2 088 000	2 053 000	2 080 000
Total Equity	252 000	178 000	120 000	69 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 767 000	1 797 000	1 849 000	1 919 000
Creditors	4 000	2 000	1 000	6 000
Unpaid Taxes	12 000	64 000	58 000	60 000
Dividends	0	0	0	0
Other Current Debt	27 000	46 000	25 000	25 000
Total Current Debt	43 000	112 000	84 000	91 000
Total Equity and Debt	2 062 000	2 088 000	2 053 000	2 080 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,37 %	33,15 %	42,5 %	42,03 %
Debt-to-Equity Ratio	7,01	10,1	15,41	27,81
Operating Profit Margin	28,22 %	44,73 %	35,32 %	31,73 %
Current Ratio	5,47	2,06	2,32	2,57
Quick Ratio	5,47	2,06	2,32	2,57
Equity Ratio	0,12	0,09	0,06	0,03
Gross Profit Margin	100 %	100 %	100 %	100 %