HARDANGER ENERGI BREIBAND AS

5780 KINSARVIK

Finances

Return on Equity

20,65 %

Current Ratio

0,79

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 567 000	8 604 000	8 050 000	7 308 000
Net Income	1 143 000	663 000	814 000	342 000
Total Assets	9 388 000	8 360 000	7 930 000	6 714 000
Total Equity	5 536 000	4 393 000	3 730 000	3 037 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 567 000	8 604 000	8 050 000	7 308 000
Expenditure	8 072 000	7 721 000	6 915 000	6 860 000
Operating Profit	1 495 000	882 000	1 134 000	448 000
Financial Income	26 000	26 000	17 000	9 000
Financial Costs	74 000	88 000	101 000	23 000
Financial Balance	−48 000	−62 000	−84 000	−14 000
Earnings Before Tax	1 447 000	819 000	1 051 000	434 000
Tax	304 000	156 000	237 000	93 000
Net Income	1 143 000	663 000	814 000	342 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 158 000	6 098 000	5 814 000	5 229 000
Total Current Assets	1 230 000	2 262 000	2 116 000	1 485 000
Total Assets	9 388 000	8 360 000	7 930 000	6 714 000
Total Retained Equity	5 294 000	4 151 000	3 488 000	2 795 000
Total Equity	5 536 000	4 393 000	3 730 000	3 037 000
Total Long-Term Debt	2 291 000	2 662 000	3 195 000	2 962 000
Total Current Debt	1 561 000	1 305 000	1 005 000	715 000
Total Equity and Debt	9 388 000	8 360 000	7 930 000	6 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 073 000	8 410 000	7 860 000	7 264 000
Other Income	494 000	194 000	190 000	43 000
Revenue	9 567 000	8 604 000	8 050 000	7 308 000
Cost of Goods Sold	1 550 000	1 602 000	1 241 000	1 391 000
Salary Costs	3 056 000	2 676 000	2 594 000	2 607 000
Depreciation	777 000	646 000	701 000	665 000
Impairment	0	0	0	0
Expenditure	8 072 000	7 721 000	6 915 000	6 860 000
Operating Profit	1 495 000	882 000	1 134 000	448 000
Financial Income	26 000	26 000	17 000	9 000
Financial Costs	74 000	88 000	101 000	23 000
Financial Balance	−48 000	−62 000	−84 000	−14 000
Dividends	0	0	121 000	182 000
Net Income	1 143 000	663 000	814 000	342 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 243 000	2 572 000	2 657 000	2 600 000
Machinery and Plant Facilities	4 001 000	1 400 000	977 000	0
Fixtures	1 641 000	1 853 000	1 907 000	2 357 000
Total Tangible Assets	7 885 000	5 825 000	5 542 000	4 957 000
Total Fiancial Fixed Assets	272 000	272 000	272 000	272 000
Total Fixed Assets	8 158 000	6 098 000	5 814 000	5 229 000
Stock	122 000	72 000	148 000	84 000
Total Investments	0	0	0	0
Cash, Bank	454 000	1 554 000	1 763 000	1 270 000
Total Current Assets	1 230 000	2 262 000	2 116 000	1 485 000
Total Assets	9 388 000	8 360 000	7 930 000	6 714 000
Total Equity	5 536 000	4 393 000	3 730 000	3 037 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 291 000	2 662 000	3 195 000	2 962 000
Creditors	879 000	773 000	246 000	66 000
Unpaid Taxes	179 000	162 000	161 000	164 000
Dividends	0	0	121 000	182 000
Other Current Debt	229 000	213 000	240 000	332 000
Total Current Debt	1 561 000	1 305 000	1 005 000	715 000
Total Equity and Debt	9 388 000	8 360 000	7 930 000	6 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,65 %	15,09 %	21,82 %	11,26 %
Debt-to-Equity Ratio	0,41	0,61	0,86	0,98
Operating Profit Margin	15,63 %	10,25 %	14,09 %	6,13 %
Current Ratio	0,79	1,73	2,11	2,08
Quick Ratio	0,85	1,83	2,47	2,35
Equity Ratio	0,59	0,53	0,47	0,45
Gross Profit Margin	83,8 %	81,38 %	84,58 %	80,97 %