HVALER GOLFBANE AS

1626 MANSTAD

Finances

Share Ownership

Return on Equity

−1,29 %

Current Ratio

0,1

Debt-to-Equity Ratio

−0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 611 000	3 524 000	3 015 000	1 924 000
Net Income	27 000	−934 000	−501 000	324 000
Total Assets	1 034 000	1 360 000	1 716 000	2 150 000
Total Equity	−2 096 000	−2 123 000	−1 189 000	−688 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 611 000	3 524 000	3 015 000	1 924 000
Expenditure	3 573 000	4 428 000	3 476 000	1 560 000
Operating Profit	38 000	−905 000	−460 000	365 000
Financial Income	1 000	1 000	0	2 000
Financial Costs	12 000	30 000	41 000	43 000
Financial Balance	−11 000	−29 000	−41 000	−41 000
Earnings Before Tax	27 000	−934 000	−501 000	324 000
Tax	0	0	0	0
Net Income	27 000	−934 000	−501 000	324 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	861 000	1 252 000	1 622 000	2 018 000
Total Current Assets	173 000	109 000	94 000	132 000
Total Assets	1 034 000	1 360 000	1 716 000	2 150 000
Total Retained Equity	−11 698 000	−11 725 000	−10 791 000	−10 291 000
Total Equity	−2 096 000	−2 123 000	−1 189 000	−688 000
Total Long-Term Debt	1 391 000	1 759 000	1 331 000	1 429 000
Total Current Debt	1 739 000	1 724 000	1 574 000	1 409 000
Total Equity and Debt	1 034 000	1 360 000	1 716 000	2 150 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 457 000	3 523 000	2 899 000	1 140 000
Other Income	153 000	0	116 000	785 000
Revenue	3 611 000	3 524 000	3 015 000	1 924 000
Cost of Goods Sold	539 000	1 014 000	955 000	69 000
Salary Costs	1 131 000	551 000	484 000	510 000
Depreciation	391 000	420 000	407 000	391 000
Impairment	0	0	0	0
Expenditure	3 573 000	4 428 000	3 476 000	1 560 000
Operating Profit	38 000	−905 000	−460 000	365 000
Financial Income	1 000	1 000	0	2 000
Financial Costs	12 000	30 000	41 000	43 000
Financial Balance	−11 000	−29 000	−41 000	−41 000
Dividends	0	0	0	0
Net Income	27 000	−934 000	−501 000	324 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	841 000	1 231 000	1 622 000	2 012 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	20 000	0	0
Total Tangible Assets	861 000	1 252 000	1 622 000	2 012 000
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	861 000	1 252 000	1 622 000	2 018 000
Stock	15 000	15 000	15 000	25 000
Total Investments	0	0	0	0
Cash, Bank	13 000	11 000	12 000	27 000
Total Current Assets	173 000	109 000	94 000	132 000
Total Assets	1 034 000	1 360 000	1 716 000	2 150 000
Total Equity	−2 096 000	−2 123 000	−1 189 000	−688 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 391 000	1 759 000	1 331 000	1 429 000
Creditors	817 000	784 000	600 000	343 000
Unpaid Taxes	10 000	7 000	8 000	59 000
Dividends	0	0	0	0
Other Current Debt	912 000	932 000	966 000	1 008 000
Total Current Debt	1 739 000	1 724 000	1 574 000	1 409 000
Total Equity and Debt	1 034 000	1 360 000	1 716 000	2 150 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,29 %	43,99 %	42,14 %	−47,09 %
Debt-to-Equity Ratio	−0,66	−0,83	−1,12	−2,08
Operating Profit Margin	1,05 %	−25,68 %	−15,26 %	18,97 %
Current Ratio	0,1	0,06	0,06	0,09
Quick Ratio	0,1	0,06	0,06	0,1
Equity Ratio	−2,03	−1,56	−0,69	−0,32
Gross Profit Margin	85,07 %	71,23 %	68,33 %	96,41 %