HAAGENSEN RØRSERVICE AS

7048 TRONDHEIM

Finances

Return on Equity

54,86 %

Current Ratio

1,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 101 000	1 883 000	2 120 000	1 799 000
Net Income	209 000	−6 000	−3 000	84 000
Total Assets	958 000	940 000	1 250 000	1 246 000
Total Equity	381 000	522 000	529 000	532 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 101 000	1 883 000	2 120 000	1 799 000
Expenditure	849 000	1 884 000	2 106 000	1 690 000
Operating Profit	254 000	−1 000	14 000	108 000
Financial Income	10 000	6 000	6 000	7 000
Financial Costs	−2 000	14 000	26 000	14 000
Financial Balance	12 000	−8 000	−20 000	−7 000
Earnings Before Tax	265 000	−9 000	−6 000	101 000
Tax	56 000	−3 000	−3 000	17 000
Net Income	209 000	−6 000	−3 000	84 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	288 000	381 000	474 000
Total Current Assets	903 000	652 000	869 000	772 000
Total Assets	958 000	940 000	1 250 000	1 246 000
Total Retained Equity	281 000	422 000	428 000	432 000
Total Equity	381 000	522 000	529 000	532 000
Total Long-Term Debt	0	226 000	310 000	386 000
Total Current Debt	577 000	192 000	411 000	328 000
Total Equity and Debt	958 000	940 000	1 250 000	1 246 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	829 000	1 883 000	2 120 000	1 799 000
Other Income	273 000	0	0	0
Revenue	1 101 000	1 883 000	2 120 000	1 799 000
Cost of Goods Sold	399 000	945 000	1 042 000	749 000
Salary Costs	117 000	589 000	641 000	555 000
Depreciation	61 000	93 000	93 000	46 000
Impairment	0	0	0	0
Expenditure	849 000	1 884 000	2 106 000	1 690 000
Operating Profit	254 000	−1 000	14 000	108 000
Financial Income	10 000	6 000	6 000	7 000
Financial Costs	−2 000	14 000	26 000	14 000
Financial Balance	12 000	−8 000	−20 000	−7 000
Dividends	350 000	0	0	0
Net Income	209 000	−6 000	−3 000	84 000

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	0	0	0	0
Fixtures	0	233 000	326 000	419 000
Total Tangible Assets	0	233 000	326 000	419 000
Total Fiancial Fixed Assets	55 000	55 000	55 000	55 000
Total Fixed Assets	55 000	288 000	381 000	474 000
Stock	29 000	48 000	55 000	57 000
Total Investments	0	0	0	0
Cash, Bank	489 000	148 000	250 000	161 000
Total Current Assets	903 000	652 000	869 000	772 000
Total Assets	958 000	940 000	1 250 000	1 246 000
Total Equity	381 000	522 000	529 000	532 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	226 000	310 000	386 000
Creditors	69 000	65 000	175 000	121 000
Unpaid Taxes	89 000	83 000	157 000	145 000
Dividends	350 000	0	0	0
Other Current Debt	8 000	41 000	80 000	56 000
Total Current Debt	577 000	192 000	411 000	328 000
Total Equity and Debt	958 000	940 000	1 250 000	1 246 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,86 %	−1,15 %	−0,57 %	15,79 %
Debt-to-Equity Ratio	0	0,43	0,59	0,73
Operating Profit Margin	23,07 %	−0,05 %	0,66 %	6 %
Current Ratio	1,56	3,4	2,11	2,35
Quick Ratio	1,65	4,53	2,44	2,85
Equity Ratio	0,4	0,56	0,42	0,43
Gross Profit Margin	63,76 %	49,81 %	50,85 %	58,37 %