HORNEELVA MINIKRAFTVERK AS

6958 SØRBØVÅG

Finances

Share Ownership

Return on Equity

−3,88 %

Current Ratio

1,43

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	195 000	147 000	205 000	191 000
Net Income	−14 000	−17 000	36 000	11 000
Total Assets	523 000	559 000	645 000	642 000
Total Equity	361 000	375 000	391 000	356 000

Income (NOK)	2022	2021	2020	2019
Revenue	195 000	147 000	205 000	191 000
Expenditure	162 000	122 000	120 000	113 000
Operating Profit	−2 000	−10 000	51 000	24 000
Financial Income	0	9 000	8 000	8 000
Financial Costs	12 000	15 000	14 000	17 000
Financial Balance	−12 000	−6 000	−6 000	−9 000
Earnings Before Tax	−14 000	−17 000	46 000	14 000
Tax	0	0	10 000	3 000
Net Income	−14 000	−17 000	36 000	11 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	436 000	460 000	484 000	518 000
Total Current Assets	87 000	99 000	161 000	124 000
Total Assets	523 000	559 000	645 000	642 000
Total Retained Equity	−44 000	−30 000	−14 000	−49 000
Total Equity	361 000	375 000	391 000	356 000
Total Long-Term Debt	101 000	152 000	202 000	248 000
Total Current Debt	61 000	32 000	52 000	38 000
Total Equity and Debt	523 000	559 000	645 000	642 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	164 000	147 000	205 000	191 000
Other Income	31 000	0	0	0
Revenue	195 000	147 000	205 000	191 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	20 000	21 000	24 000	26 000
Impairment	0	0	0	0
Expenditure	162 000	122 000	120 000	113 000
Operating Profit	−2 000	−10 000	51 000	24 000
Financial Income	0	9 000	8 000	8 000
Financial Costs	12 000	15 000	14 000	17 000
Financial Balance	−12 000	−6 000	−6 000	−9 000
Dividends	0	0	0	0
Net Income	−14 000	−17 000	36 000	11 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	5 000	5 000	11 000
Real Eastate	372 000	392 000	413 000	437 000
Machinery and Plant Facilities	60 000	63 000	67 000	70 000
Fixtures	0	0	0	0
Total Tangible Assets	431 000	455 000	480 000	507 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	436 000	460 000	484 000	518 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	64 000	67 000	139 000	87 000
Total Current Assets	87 000	99 000	161 000	124 000
Total Assets	523 000	559 000	645 000	642 000
Total Equity	361 000	375 000	391 000	356 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	101 000	152 000	202 000	248 000
Creditors	33 000	2 000	0	0
Unpaid Taxes	21 000	25 000	40 000	31 000
Dividends	0	0	0	0
Other Current Debt	8 000	6 000	9 000	7 000
Total Current Debt	61 000	32 000	52 000	38 000
Total Equity and Debt	523 000	559 000	645 000	642 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,88 %	−4,53 %	9,21 %	3,09 %
Debt-to-Equity Ratio	0,28	0,41	0,52	0,7
Operating Profit Margin	−1,03 %	−6,8 %	24,88 %	12,57 %
Current Ratio	1,43	3,09	3,1	3,26
Quick Ratio	1,43	3,09	3,1	3,26
Equity Ratio	0,69	0,67	0,61	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %