HVITEVARESERVICE AS

3320 VESTFOSSEN

Finances

Share Ownership

Return on Equity

36,48 %

Current Ratio

3,63

Debt-to-Equity Ratio

0,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 315 000	6 000 000	4 687 000	4 481 000
Net Income	795 000	512 000	382 000	189 000
Total Assets	3 879 000	3 382 000	3 140 000	2 454 000
Total Equity	2 179 000	1 384 000	1 372 000	1 391 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 315 000	6 000 000	4 687 000	4 481 000
Expenditure	5 254 000	5 321 000	4 179 000	4 227 000
Operating Profit	1 061 000	679 000	508 000	255 000
Financial Income	0	0	0	0
Financial Costs	42 000	23 000	19 000	17 000
Financial Balance	−42 000	−23 000	−19 000	−17 000
Earnings Before Tax	1 019 000	656 000	489 000	239 000
Tax	224 000	144 000	108 000	49 000
Net Income	795 000	512 000	382 000	189 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	792 000	979 000	553 000	397 000
Total Current Assets	3 087 000	2 403 000	2 586 000	2 057 000
Total Assets	3 879 000	3 382 000	3 140 000	2 454 000
Total Retained Equity	2 075 000	1 280 000	1 268 000	1 286 000
Total Equity	2 179 000	1 384 000	1 372 000	1 391 000
Total Long-Term Debt	849 000	1 136 000	596 000	394 000
Total Current Debt	851 000	862 000	1 171 000	670 000
Total Equity and Debt	3 879 000	3 382 000	3 140 000	2 454 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 315 000	5 945 000	4 687 000	4 407 000
Other Income	0	55 000	0	74 000
Revenue	6 315 000	6 000 000	4 687 000	4 481 000
Cost of Goods Sold	2 426 000	2 465 000	1 743 000	1 793 000
Salary Costs	1 912 000	2 031 000	1 725 000	1 724 000
Depreciation	187 000	114 000	94 000	77 000
Impairment	0	0	0	0
Expenditure	5 254 000	5 321 000	4 179 000	4 227 000
Operating Profit	1 061 000	679 000	508 000	255 000
Financial Income	0	0	0	0
Financial Costs	42 000	23 000	19 000	17 000
Financial Balance	−42 000	−23 000	−19 000	−17 000
Dividends	0	0	400 000	0
Net Income	795 000	512 000	382 000	189 000

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	788 000	975 000	549 000	393 000
Total Tangible Assets	788 000	975 000	549 000	393 000
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	792 000	979 000	553 000	397 000
Stock	304 000	265 000	319 000	227 000
Total Investments	0	0	0	0
Cash, Bank	2 252 000	1 486 000	1 797 000	1 532 000
Total Current Assets	3 087 000	2 403 000	2 586 000	2 057 000
Total Assets	3 879 000	3 382 000	3 140 000	2 454 000
Total Equity	2 179 000	1 384 000	1 372 000	1 391 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	849 000	1 136 000	596 000	394 000
Creditors	153 000	317 000	197 000	146 000
Unpaid Taxes	254 000	216 000	274 000	296 000
Dividends	0	0	400 000	0
Other Current Debt	214 000	218 000	201 000	197 000
Total Current Debt	851 000	862 000	1 171 000	670 000
Total Equity and Debt	3 879 000	3 382 000	3 140 000	2 454 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,48 %	36,99 %	27,84 %	13,59 %
Debt-to-Equity Ratio	0,39	0,82	0,43	0,28
Operating Profit Margin	16,8 %	11,32 %	10,84 %	5,69 %
Current Ratio	3,63	2,79	2,21	3,07
Quick Ratio	5,64	4,03	3,04	4,64
Equity Ratio	0,56	0,41	0,44	0,57
Gross Profit Margin	61,58 %	58,92 %	62,81 %	59,99 %