HÅLOGALAND ELEMENT AS

8484 RISØYHAMN

Finances

Share Ownership

Return on Equity

7,96 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 339 000	39 184 000	38 842 000	41 862 000
Net Income	753 000	−424 000	−2 137 000	1 859 000
Total Assets	18 732 000	20 561 000	22 825 000	25 510 000
Total Equity	9 458 000	8 705 000	5 460 000	7 597 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 339 000	39 184 000	38 842 000	41 862 000
Expenditure	44 380 000	39 666 000	41 427 000	39 175 000
Operating Profit	958 000	−483 000	−2 584 000	2 687 000
Financial Income	25 000	1 000	3 000	2 000
Financial Costs	12 000	51 000	242 000	219 000
Financial Balance	13 000	−50 000	−239 000	−217 000
Earnings Before Tax	972 000	−533 000	−2 824 000	2 471 000
Tax	219 000	−110 000	−687 000	612 000
Net Income	753 000	−424 000	−2 137 000	1 859 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 946 000	5 254 000	8 037 000	8 392 000
Total Current Assets	13 786 000	15 307 000	14 788 000	17 118 000
Total Assets	18 732 000	20 561 000	22 825 000	25 510 000
Total Retained Equity	2 420 000	1 668 000	2 092 000	4 229 000
Total Equity	9 458 000	8 705 000	5 460 000	7 597 000
Total Long-Term Debt	0	0	4 026 000	3 866 000
Total Current Debt	9 274 000	11 856 000	13 339 000	14 047 000
Total Equity and Debt	18 732 000	20 561 000	22 825 000	25 510 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	44 631 000	38 433 000	37 952 000	39 788 000
Other Income	708 000	751 000	890 000	2 074 000
Revenue	45 339 000	39 184 000	38 842 000	41 862 000
Cost of Goods Sold	28 166 000	24 333 000	24 990 000	21 176 000
Salary Costs	10 423 000	9 210 000	10 787 000	11 156 000
Depreciation	805 000	944 000	1 180 000	1 459 000
Impairment	0	0	0	0
Expenditure	44 380 000	39 666 000	41 427 000	39 175 000
Operating Profit	958 000	−483 000	−2 584 000	2 687 000
Financial Income	25 000	1 000	3 000	2 000
Financial Costs	12 000	51 000	242 000	219 000
Financial Balance	13 000	−50 000	−239 000	−217 000
Dividends	0	0	0	0
Net Income	753 000	−424 000	−2 137 000	1 859 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 138 000	641 000	2 388 000	1 701 000
Real Eastate	3 432 000	4 098 000	5 012 000	5 932 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	265 000	405 000	544 000	684 000
Total Tangible Assets	3 697 000	4 502 000	5 556 000	6 616 000
Total Fiancial Fixed Assets	111 000	111 000	93 000	76 000
Total Fixed Assets	4 946 000	5 254 000	8 037 000	8 392 000
Stock	6 040 000	5 036 000	3 372 000	5 298 000
Total Investments	0	0	0	0
Cash, Bank	4 431 000	2 985 000	5 239 000	8 081 000
Total Current Assets	13 786 000	15 307 000	14 788 000	17 118 000
Total Assets	18 732 000	20 561 000	22 825 000	25 510 000
Total Equity	9 458 000	8 705 000	5 460 000	7 597 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	4 026 000	3 866 000
Creditors	2 478 000	10 190 000	6 230 000	7 434 000
Unpaid Taxes	1 381 000	197 000	1 049 000	2 093 000
Dividends	0	0	0	0
Other Current Debt	2 654 000	1 469 000	6 061 000	4 521 000
Total Current Debt	9 274 000	11 856 000	13 339 000	14 047 000
Total Equity and Debt	18 732 000	20 561 000	22 825 000	25 510 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,96 %	−4,87 %	−39,14 %	24,47 %
Debt-to-Equity Ratio	0	0	0,74	0,51
Operating Profit Margin	2,11 %	−1,23 %	−6,65 %	6,42 %
Current Ratio	1,49	1,29	1,11	1,22
Quick Ratio	4,26	2,24	1,48	1,96
Equity Ratio	0,5	0,42	0,24	0,3
Gross Profit Margin	37,88 %	37,9 %	35,66 %	49,41 %