HORDALAND FORSIKRINGSSENTER AS

5122 MORVIK

Finances

Return on Equity

2,67 %

Current Ratio

−2,32

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	874 000	1 916 000	876 000	1 201 000
Net Income	114 000	1 050 000	496 000	531 000
Total Assets	5 010 000	4 768 000	3 812 000	3 659 000
Total Equity	4 273 000	4 160 000	3 110 000	3 067 000

Income (NOK)	2022	2021	2020	2019
Revenue	874 000	1 916 000	876 000	1 201 000
Expenditure	727 000	567 000	240 000	723 000
Operating Profit	147 000	1 349 000	636 000	478 000
Financial Income	1 000	0	0	182 000
Financial Costs	1 000	1 000	0	0
Financial Balance	0	−1 000	0	182 000
Earnings Before Tax	147 000	1 348 000	636 000	660 000
Tax	33 000	298 000	141 000	129 000
Net Income	114 000	1 050 000	496 000	531 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 746 000	3 456 000	3 686 000	3 494 000
Total Current Assets	264 000	1 312 000	126 000	166 000
Total Assets	5 010 000	4 768 000	3 812 000	3 659 000
Total Retained Equity	4 123 000	4 010 000	2 960 000	2 917 000
Total Equity	4 273 000	4 160 000	3 110 000	3 067 000
Total Long-Term Debt	850 000	0	0	0
Total Current Debt	−114 000	608 000	702 000	592 000
Total Equity and Debt	5 010 000	4 768 000	3 812 000	3 659 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	50 000	50 000	0
Other Income	874 000	1 867 000	826 000	1 201 000
Revenue	874 000	1 916 000	876 000	1 201 000
Cost of Goods Sold	0	0	0	0
Salary Costs	391 000	249 000	28 000	456 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	727 000	567 000	240 000	723 000
Operating Profit	147 000	1 349 000	636 000	478 000
Financial Income	1 000	0	0	182 000
Financial Costs	1 000	1 000	0	0
Financial Balance	0	−1 000	0	182 000
Dividends	0	0	454 000	202 000
Net Income	114 000	1 050 000	496 000	531 000

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	4 746 000	3 456 000	3 686 000	3 494 000
Total Fixed Assets	4 746 000	3 456 000	3 686 000	3 494 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	89 000	1 208 000	22 000	2 000
Total Current Assets	264 000	1 312 000	126 000	166 000
Total Assets	5 010 000	4 768 000	3 812 000	3 659 000
Total Equity	4 273 000	4 160 000	3 110 000	3 067 000
Short-Term Group Debt	88 000	509 000	509 000	509 000
Total Long-Term Debt	850 000	0	0	0
Creditors	1 000	25 000	28 000	7 000
Unpaid Taxes	18 000	14 000	11 000	12 000
Dividends	0	0	454 000	202 000
Other Current Debt	−254 000	−238 000	13 000	48 000
Total Current Debt	−114 000	608 000	702 000	592 000
Total Equity and Debt	5 010 000	4 768 000	3 812 000	3 659 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,67 %	25,24 %	15,95 %	17,31 %
Debt-to-Equity Ratio	0,2	0	0	0
Operating Profit Margin	16,82 %	70,41 %	72,6 %	39,8 %
Current Ratio	−2,32	2,16	0,18	0,28
Quick Ratio	−2,32	2,16	0,18	0,28
Equity Ratio	0,85	0,87	0,82	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %