HARDANGER ENERGI AS

5780 KINSARVIK

Finances

Return on Equity

77,78 %

Current Ratio

1,14

Debt-to-Equity Ratio

1,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	383 478 000	149 928 000	39 829 000	95 680 000
Net Income	89 367 000	13 352 000	−20 489 000	7 536 000
Total Assets	485 301 000	360 308 000	328 798 000	343 479 000
Total Equity	114 891 000	61 523 000	57 172 000	72 864 000

Income (NOK)	2022	2021	2020	2019
Revenue	383 478 000	149 928 000	39 829 000	95 680 000
Expenditure	263 678 000	132 270 000	52 900 000	81 945 000
Operating Profit	119 799 000	17 658 000	−13 071 000	13 735 000
Financial Income	3 372 000	5 453 000	378 000	1 414 000
Financial Costs	8 565 000	6 270 000	13 603 000	5 475 000
Financial Balance	−5 193 000	−817 000	−13 225 000	−4 061 000
Earnings Before Tax	114 606 000	16 842 000	−26 296 000	9 674 000
Tax	25 239 000	3 490 000	−5 807 000	2 137 000
Net Income	89 367 000	13 352 000	−20 489 000	7 536 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	275 968 000	284 453 000	292 604 000	305 723 000
Total Current Assets	209 333 000	75 855 000	36 195 000	37 756 000
Total Assets	485 301 000	360 308 000	328 798 000	343 479 000
Total Retained Equity	57 719 000	4 352 000	0	2 836 000
Total Equity	114 891 000	61 523 000	57 172 000	72 864 000
Total Long-Term Debt	187 074 000	205 068 000	220 480 000	226 373 000
Total Current Debt	183 337 000	93 717 000	51 147 000	44 243 000
Total Equity and Debt	485 301 000	360 308 000	328 798 000	343 479 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	379 039 000	143 116 000	35 438 000	91 230 000
Other Income	4 438 000	6 812 000	4 392 000	4 450 000
Revenue	383 478 000	149 928 000	39 829 000	95 680 000
Cost of Goods Sold	233 066 000	105 724 000	21 482 000	56 064 000
Salary Costs	8 939 000	8 376 000	7 222 000	7 617 000
Depreciation	10 018 000	9 754 000	9 736 000	9 914 000
Impairment	0	0	5 360 000	0
Expenditure	263 678 000	132 270 000	52 900 000	81 945 000
Operating Profit	119 799 000	17 658 000	−13 071 000	13 735 000
Financial Income	3 372 000	5 453 000	378 000	1 414 000
Financial Costs	8 565 000	6 270 000	13 603 000	5 475 000
Financial Balance	−5 193 000	−817 000	−13 225 000	−4 061 000
Dividends	36 000 000	9 000 000	0	3 000 000
Net Income	89 367 000	13 352 000	−20 489 000	7 536 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000 000	53 000 000	53 000 000	53 000 000
Real Eastate	214 367 000	223 105 000	231 829 000	239 955 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 425 000	2 415 000	2 879 000	8 499 000
Total Tangible Assets	217 792 000	225 520 000	234 708 000	248 454 000
Total Fiancial Fixed Assets	5 176 000	5 933 000	4 896 000	4 269 000
Total Fixed Assets	275 968 000	284 453 000	292 604 000	305 723 000
Stock	145 000	205 000	0	0
Total Investments	0	0	0	0
Cash, Bank	33 606 000	7 780 000	2 162 000	2 665 000
Total Current Assets	209 333 000	75 855 000	36 195 000	37 756 000
Total Assets	485 301 000	360 308 000	328 798 000	343 479 000
Total Equity	114 891 000	61 523 000	57 172 000	72 864 000
Short-Term Group Debt	32 273 000	35 948 000	41 277 000	24 569 000
Total Long-Term Debt	187 074 000	205 068 000	220 480 000	226 373 000
Creditors	39 376 000	17 597 000	3 476 000	9 016 000
Unpaid Taxes	913 000	940 000	770 000	872 000
Dividends	36 000 000	9 000 000	0	3 000 000
Other Current Debt	45 914 000	17 245 000	5 624 000	4 374 000
Total Current Debt	183 337 000	93 717 000	51 147 000	44 243 000
Total Equity and Debt	485 301 000	360 308 000	328 798 000	343 479 000

Financial indicators	2022	2021	2020	2019
Return on Equity	77,78 %	21,7 %	−35,84 %	10,34 %
Debt-to-Equity Ratio	1,63	3,33	3,86	3,11
Operating Profit Margin	31,24 %	11,78 %	−32,82 %	14,36 %
Current Ratio	1,14	0,81	0,71	0,85
Quick Ratio	1,14	0,81	0,71	0,85
Equity Ratio	0,24	0,17	0,17	0,21
Gross Profit Margin	39,22 %	29,48 %	46,06 %	41,4 %