HOVDEN HYTTESERVICE AS

4755 HOVDEN I SETESDAL

Finances

Return on Equity

35,49 %

Current Ratio

1,1

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	267 158 000	232 239 000	156 116 000	169 913 000
Net Income	38 642 000	28 097 000	21 072 000	22 362 000
Total Assets	217 816 000	182 426 000	122 660 000	94 474 000
Total Equity	108 887 000	78 813 000	75 078 000	61 256 000

Income (NOK)	2022	2021	2020	2019
Revenue	267 158 000	232 239 000	156 116 000	169 913 000
Expenditure	218 501 000	195 646 000	128 845 000	140 889 000
Operating Profit	48 657 000	36 593 000	27 271 000	29 025 000
Financial Income	941 000	292 000	27 000	14 000
Financial Costs	114 000	675 000	279 000	357 000
Financial Balance	827 000	−383 000	−252 000	−343 000
Earnings Before Tax	49 484 000	36 211 000	27 020 000	28 681 000
Tax	10 842 000	8 113 000	5 948 000	6 319 000
Net Income	38 642 000	28 097 000	21 072 000	22 362 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	108 517 000	105 578 000	75 567 000	65 205 000
Total Current Assets	109 299 000	76 849 000	47 094 000	29 269 000
Total Assets	217 816 000	182 426 000	122 660 000	94 474 000
Total Retained Equity	108 787 000	78 713 000	74 978 000	61 156 000
Total Equity	108 887 000	78 813 000	75 078 000	61 256 000
Total Long-Term Debt	9 680 000	14 322 000	15 587 000	13 269 000
Total Current Debt	99 249 000	89 291 000	31 995 000	19 949 000
Total Equity and Debt	217 816 000	182 426 000	122 660 000	94 474 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	266 127 000	229 262 000	153 784 000	163 714 000
Other Income	1 031 000	2 977 000	2 332 000	6 199 000
Revenue	267 158 000	232 239 000	156 116 000	169 913 000
Cost of Goods Sold	91 930 000	91 793 000	46 291 000	68 002 000
Salary Costs	54 493 000	46 476 000	36 969 000	33 481 000
Depreciation	23 214 000	20 960 000	16 990 000	13 436 000
Impairment	0	0	0	0
Expenditure	218 501 000	195 646 000	128 845 000	140 889 000
Operating Profit	48 657 000	36 593 000	27 271 000	29 025 000
Financial Income	941 000	292 000	27 000	14 000
Financial Costs	114 000	675 000	279 000	357 000
Financial Balance	827 000	−383 000	−252 000	−343 000
Dividends	0	0	0	0
Net Income	38 642 000	28 097 000	21 072 000	22 362 000

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	52 050 000	46 042 000	47 584 000	43 913 000
Fixtures	45 151 000	49 420 000	27 077 000	20 589 000
Total Tangible Assets	97 201 000	95 462 000	74 661 000	64 502 000
Total Fiancial Fixed Assets	11 316 000	10 116 000	906 000	702 000
Total Fixed Assets	108 517 000	105 578 000	75 567 000	65 205 000
Stock	752 000	1 900 000	4 735 000	1 098 000
Total Investments	0	0	0	0
Cash, Bank	86 029 000	58 211 000	19 369 000	2 070 000
Total Current Assets	109 299 000	76 849 000	47 094 000	29 269 000
Total Assets	217 816 000	182 426 000	122 660 000	94 474 000
Total Equity	108 887 000	78 813 000	75 078 000	61 256 000
Short-Term Group Debt	0	169 000	4 652 000	2 075 000
Total Long-Term Debt	9 680 000	14 322 000	15 587 000	13 269 000
Creditors	15 178 000	11 966 000	6 954 000	7 850 000
Unpaid Taxes	21 063 000	17 489 000	5 842 000	4 507 000
Dividends	0	0	0	0
Other Current Debt	53 384 000	51 819 000	6 942 000	4 514 000
Total Current Debt	99 249 000	89 291 000	31 995 000	19 949 000
Total Equity and Debt	217 816 000	182 426 000	122 660 000	94 474 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,49 %	35,65 %	28,07 %	36,51 %
Debt-to-Equity Ratio	0,09	0,18	0,21	0,22
Operating Profit Margin	18,21 %	15,76 %	17,47 %	17,08 %
Current Ratio	1,1	0,86	1,47	1,47
Quick Ratio	1,11	0,88	1,73	1,55
Equity Ratio	0,5	0,43	0,61	0,65
Gross Profit Margin	65,59 %	60,47 %	70,35 %	59,98 %