HORDALAND GROUP AS

5709 VOSS

Finances

Share Ownership

Return on Equity

16,23 %

Current Ratio

3,95

Debt-to-Equity Ratio

1,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 025 000	1 938 000	1 918 000	1 862 000
Net Income	875 000	827 000	845 000	626 000
Total Assets	11 559 000	11 269 000	11 256 000	11 309 000
Total Equity	5 392 000	4 708 000	3 881 000	3 036 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 025 000	1 938 000	1 918 000	1 862 000
Expenditure	672 000	679 000	583 000	755 000
Operating Profit	1 353 000	1 260 000	1 335 000	1 108 000
Financial Income	1 000	0	0	0
Financial Costs	231 000	199 000	252 000	304 000
Financial Balance	−230 000	−199 000	−252 000	−304 000
Earnings Before Tax	1 123 000	1 061 000	1 083 000	804 000
Tax	248 000	233 000	238 000	177 000
Net Income	875 000	827 000	845 000	626 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 649 000	9 795 000	10 246 000	10 771 000
Total Current Assets	1 910 000	1 475 000	1 010 000	538 000
Total Assets	11 559 000	11 269 000	11 256 000	11 309 000
Total Retained Equity	3 392 000	2 708 000	1 881 000	1 036 000
Total Equity	5 392 000	4 708 000	3 881 000	3 036 000
Total Long-Term Debt	5 682 000	6 470 000	7 282 000	8 056 000
Total Current Debt	484 000	91 000	93 000	217 000
Total Equity and Debt	11 559 000	11 269 000	11 256 000	11 309 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 000	8 000	23 000	0
Other Income	2 008 000	1 930 000	1 895 000	1 862 000
Revenue	2 025 000	1 938 000	1 918 000	1 862 000
Cost of Goods Sold	17 000	8 000	21 000	0
Salary Costs	0	0	0	0
Depreciation	290 000	288 000	287 000	280 000
Impairment	0	0	0	0
Expenditure	672 000	679 000	583 000	755 000
Operating Profit	1 353 000	1 260 000	1 335 000	1 108 000
Financial Income	1 000	0	0	0
Financial Costs	231 000	199 000	252 000	304 000
Financial Balance	−230 000	−199 000	−252 000	−304 000
Dividends	0	0	0	0
Net Income	875 000	827 000	845 000	626 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	167 000	401 000	639 000
Real Eastate	9 291 000	9 566 000	9 777 000	10 057 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	358 000	61 000	68 000	75 000
Total Tangible Assets	9 649 000	9 627 000	9 845 000	10 132 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 649 000	9 795 000	10 246 000	10 771 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 243 000	1 455 000	992 000	514 000
Total Current Assets	1 910 000	1 475 000	1 010 000	538 000
Total Assets	11 559 000	11 269 000	11 256 000	11 309 000
Total Equity	5 392 000	4 708 000	3 881 000	3 036 000
Short-Term Group Debt	245 000	0	0	0
Total Long-Term Debt	5 682 000	6 470 000	7 282 000	8 056 000
Creditors	173 000	32 000	23 000	200 000
Unpaid Taxes	65 000	58 000	69 000	15 000
Dividends	0	0	0	0
Other Current Debt	2 000	1 000	1 000	2 000
Total Current Debt	484 000	91 000	93 000	217 000
Total Equity and Debt	11 559 000	11 269 000	11 256 000	11 309 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,23 %	17,57 %	21,77 %	20,62 %
Debt-to-Equity Ratio	1,05	1,37	1,88	2,65
Operating Profit Margin	66,81 %	65,02 %	69,6 %	59,51 %
Current Ratio	3,95	16,21	10,86	2,48
Quick Ratio	3,95	16,21	10,86	2,48
Equity Ratio	0,47	0,42	0,34	0,27
Gross Profit Margin	99,16 %	99,59 %	98,91 %	100 %