HVITSAND ELEKTRO AS

3746 SKIEN

Finances

Share Ownership

Return on Equity

11,86 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	−3 000	262 000	275 000	43 000
Net Income	−83 000	169 000	−14 000	−183 000
Total Assets	44 000	130 000	54 000	70 000
Total Equity	−700 000	−617 000	−786 000	−773 000

Income (NOK)	2022	2021	2020	2019
Revenue	−3 000	262 000	275 000	43 000
Expenditure	64 000	78 000	270 000	204 000
Operating Profit	−67 000	184 000	4 000	−161 000
Financial Income	0	1 000	0	0
Financial Costs	16 000	16 000	18 000	22 000
Financial Balance	−16 000	−15 000	−18 000	−22 000
Earnings Before Tax	−83 000	169 000	−14 000	−183 000
Tax	0	0	0	0
Net Income	−83 000	169 000	−14 000	−183 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	44 000	130 000	54 000	70 000
Total Assets	44 000	130 000	54 000	70 000
Total Retained Equity	−800 000	−717 000	−886 000	−873 000
Total Equity	−700 000	−617 000	−786 000	−773 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	744 000	747 000	840 000	843 000
Total Equity and Debt	44 000	130 000	54 000	70 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−3 000	262 000	275 000	43 000
Other Income	0	0	0	0
Revenue	−3 000	262 000	275 000	43 000
Cost of Goods Sold	9 000	23 000	191 000	43 000
Salary Costs	4 000	18 000	0	31 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	64 000	78 000	270 000	204 000
Operating Profit	−67 000	184 000	4 000	−161 000
Financial Income	0	1 000	0	0
Financial Costs	16 000	16 000	18 000	22 000
Financial Balance	−16 000	−15 000	−18 000	−22 000
Dividends	0	0	0	0
Net Income	−83 000	169 000	−14 000	−183 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	13 000	13 000	10 000	15 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	44 000	130 000	54 000	70 000
Total Assets	44 000	130 000	54 000	70 000
Total Equity	−700 000	−617 000	−786 000	−773 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−6 000	6 000	74 000	34 000
Unpaid Taxes	2 000	26 000	1 000	1 000
Dividends	0	0	0	0
Other Current Debt	546 000	585 000	610 000	502 000
Total Current Debt	744 000	747 000	840 000	843 000
Total Equity and Debt	44 000	130 000	54 000	70 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,86 %	−27,39 %	1,78 %	23,67 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	2 233,33 %	70,23 %	1,45 %	−374,42 %
Current Ratio	0,06	0,17	0,06	0,08
Quick Ratio	0,06	0,18	0,07	0,08
Equity Ratio	−15,91	−4,75	−14,56	−11,04
Gross Profit Margin	400 %	91,22 %	30,55 %	0 %