HOVLAND AS

4100 JØRPELAND

Finances

Return on Equity

32,28 %

Current Ratio

1,54

Debt-to-Equity Ratio

1,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 510 000	20 789 000	20 808 000	18 383 000
Net Income	1 731 000	1 288 000	2 198 000	1 589 000
Total Assets	16 620 000	15 651 000	17 289 000	10 064 000
Total Equity	5 362 000	3 981 000	3 693 000	1 995 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 510 000	20 789 000	20 808 000	18 383 000
Expenditure	19 958 000	18 891 000	17 692 000	16 177 000
Operating Profit	2 552 000	1 898 000	3 117 000	2 205 000
Financial Income	2 000	2 000	4 000	6 000
Financial Costs	329 000	246 000	302 000	172 000
Financial Balance	−327 000	−244 000	−298 000	−166 000
Earnings Before Tax	2 225 000	1 653 000	2 819 000	2 039 000
Tax	495 000	366 000	620 000	450 000
Net Income	1 731 000	1 288 000	2 198 000	1 589 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 202 000	10 459 000	11 218 000	6 012 000
Total Current Assets	6 418 000	5 192 000	6 071 000	4 052 000
Total Assets	16 620 000	15 651 000	17 289 000	10 064 000
Total Retained Equity	5 312 000	3 931 000	3 643 000	1 945 000
Total Equity	5 362 000	3 981 000	3 693 000	1 995 000
Total Long-Term Debt	7 082 000	7 814 000	9 189 000	4 993 000
Total Current Debt	4 176 000	3 856 000	4 407 000	3 076 000
Total Equity and Debt	16 620 000	15 651 000	17 289 000	10 064 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 430 000	20 789 000	20 747 000	17 955 000
Other Income	80 000	0	61 000	428 000
Revenue	22 510 000	20 789 000	20 808 000	18 383 000
Cost of Goods Sold	5 607 000	5 100 000	4 972 000	5 220 000
Salary Costs	9 567 000	9 502 000	8 882 000	7 193 000
Depreciation	1 119 000	902 000	1 054 000	660 000
Impairment	0	0	0	0
Expenditure	19 958 000	18 891 000	17 692 000	16 177 000
Operating Profit	2 552 000	1 898 000	3 117 000	2 205 000
Financial Income	2 000	2 000	4 000	6 000
Financial Costs	329 000	246 000	302 000	172 000
Financial Balance	−327 000	−244 000	−298 000	−166 000
Dividends	0	500 000	500 000	600 000
Net Income	1 731 000	1 288 000	2 198 000	1 589 000

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	9 030 000	0	0	0
Fixtures	1 172 000	10 459 000	11 218 000	6 012 000
Total Tangible Assets	10 202 000	10 459 000	11 218 000	6 012 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 202 000	10 459 000	11 218 000	6 012 000
Stock	805 000	757 000	605 000	685 000
Total Investments	0	0	0	0
Cash, Bank	950 000	1 497 000	2 246 000	1 639 000
Total Current Assets	6 418 000	5 192 000	6 071 000	4 052 000
Total Assets	16 620 000	15 651 000	17 289 000	10 064 000
Total Equity	5 362 000	3 981 000	3 693 000	1 995 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 082 000	7 814 000	9 189 000	4 993 000
Creditors	707 000	586 000	888 000	457 000
Unpaid Taxes	1 541 000	1 271 000	1 182 000	1 049 000
Dividends	0	500 000	500 000	600 000
Other Current Debt	1 476 000	1 300 000	1 372 000	661 000
Total Current Debt	4 176 000	3 856 000	4 407 000	3 076 000
Total Equity and Debt	16 620 000	15 651 000	17 289 000	10 064 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,28 %	32,35 %	59,52 %	79,65 %
Debt-to-Equity Ratio	1,32	1,96	2,49	2,5
Operating Profit Margin	11,34 %	9,13 %	14,98 %	11,99 %
Current Ratio	1,54	1,35	1,38	1,32
Quick Ratio	1,9	1,68	1,6	1,69
Equity Ratio	0,32	0,25	0,21	0,2
Gross Profit Margin	75,09 %	75,47 %	76,11 %	71,6 %