HOVDAN POLY AS

1481 HAGAN

Finances

Return on Equity

20,68 %

Current Ratio

2,43

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 438 000	16 024 000	13 731 000	13 699 000
Net Income	931 000	−845 000	−255 000	−152 000
Total Assets	7 241 000	7 237 000	6 809 000	7 622 000
Total Equity	4 501 000	3 495 000	4 339 000	5 095 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 438 000	16 024 000	13 731 000	13 699 000
Expenditure	13 625 000	16 825 000	14 094 000	13 829 000
Operating Profit	813 000	−801 000	−363 000	−131 000
Financial Income	40 000	12 000	139 000	20 000
Financial Costs	146 000	55 000	31 000	41 000
Financial Balance	−106 000	−43 000	108 000	−21 000
Earnings Before Tax	708 000	−845 000	−255 000	−152 000
Tax	−223 000	0	0	0
Net Income	931 000	−845 000	−255 000	−152 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	591 000	452 000	548 000	240 000
Total Current Assets	6 650 000	6 784 000	6 261 000	7 383 000
Total Assets	7 241 000	7 237 000	6 809 000	7 622 000
Total Retained Equity	4 201 000	3 270 000	4 114 000	4 795 000
Total Equity	4 501 000	3 495 000	4 339 000	5 095 000
Total Long-Term Debt	0	1 200 000	1 208 000	1 208 000
Total Current Debt	2 740 000	2 542 000	1 262 000	1 320 000
Total Equity and Debt	7 241 000	7 237 000	6 809 000	7 622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 438 000	16 024 000	13 731 000	13 691 000
Other Income	0	0	0	8 000
Revenue	14 438 000	16 024 000	13 731 000	13 699 000
Cost of Goods Sold	8 810 000	9 573 000	8 271 000	8 494 000
Salary Costs	2 382 000	3 925 000	2 918 000	2 745 000
Depreciation	96 000	96 000	15 000	15 000
Impairment	0	0	0	0
Expenditure	13 625 000	16 825 000	14 094 000	13 829 000
Operating Profit	813 000	−801 000	−363 000	−131 000
Financial Income	40 000	12 000	139 000	20 000
Financial Costs	146 000	55 000	31 000	41 000
Financial Balance	−106 000	−43 000	108 000	−21 000
Dividends	0	0	0	0
Net Income	931 000	−845 000	−255 000	−152 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	566 000	423 000	504 000	180 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	29 000	44 000	60 000
Total Tangible Assets	14 000	29 000	44 000	60 000
Total Fiancial Fixed Assets	11 000	0	0	0
Total Fixed Assets	591 000	452 000	548 000	240 000
Stock	3 540 000	4 364 000	3 857 000	4 334 000
Total Investments	0	0	0	0
Cash, Bank	1 776 000	1 230 000	1 551 000	2 183 000
Total Current Assets	6 650 000	6 784 000	6 261 000	7 383 000
Total Assets	7 241 000	7 237 000	6 809 000	7 622 000
Total Equity	4 501 000	3 495 000	4 339 000	5 095 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 200 000	1 208 000	1 208 000
Creditors	764 000	1 864 000	595 000	748 000
Unpaid Taxes	382 000	260 000	378 000	317 000
Dividends	0	0	0	0
Other Current Debt	356 000	419 000	288 000	255 000
Total Current Debt	2 740 000	2 542 000	1 262 000	1 320 000
Total Equity and Debt	7 241 000	7 237 000	6 809 000	7 622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,68 %	−24,18 %	−5,88 %	−2,98 %
Debt-to-Equity Ratio	0	0,34	0,28	0,24
Operating Profit Margin	5,63 %	−5 %	−2,64 %	−0,96 %
Current Ratio	2,43	2,67	4,96	5,59
Quick Ratio	−8,31	−3,72	−2,41	−2,45
Equity Ratio	0,62	0,48	0,64	0,67
Gross Profit Margin	38,98 %	40,26 %	39,76 %	38 %