HVALER ELEKTRISKE AS

1680 SKJÆRHALDEN

Finances

Return on Equity

−91,87 %

Current Ratio

0,98

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 869 000	9 657 000	10 765 000	8 677 000
Net Income	−497 000	−828 000	−438 000	68 000
Total Assets	5 035 000	4 255 000	4 851 000	4 500 000
Total Equity	541 000	1 038 000	1 866 000	2 304 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 869 000	9 657 000	10 765 000	8 677 000
Expenditure	9 715 000	9 919 000	9 984 000	8 595 000
Operating Profit	153 000	−263 000	781 000	83 000
Financial Income	0	17 000	13 000	55 000
Financial Costs	85 000	193 000	1 058 000	46 000
Financial Balance	−85 000	−176 000	−1 045 000	9 000
Earnings Before Tax	68 000	−439 000	−263 000	92 000
Tax	565 000	389 000	174 000	23 000
Net Income	−497 000	−828 000	−438 000	68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	673 000	742 000	1 105 000	2 146 000
Total Current Assets	4 362 000	3 513 000	3 746 000	2 354 000
Total Assets	5 035 000	4 255 000	4 851 000	4 500 000
Total Retained Equity	441 000	938 000	1 766 000	2 204 000
Total Equity	541 000	1 038 000	1 866 000	2 304 000
Total Long-Term Debt	62 000	99 000	152 000	263 000
Total Current Debt	4 432 000	3 118 000	2 833 000	1 933 000
Total Equity and Debt	5 035 000	4 255 000	4 851 000	4 500 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 704 000	9 652 000	10 697 000	8 586 000
Other Income	165 000	5 000	68 000	91 000
Revenue	9 869 000	9 657 000	10 765 000	8 677 000
Cost of Goods Sold	2 495 000	2 852 000	3 487 000	2 742 000
Salary Costs	3 683 000	4 035 000	3 829 000	3 916 000
Depreciation	427 000	261 000	265 000	273 000
Impairment	0	0	0	0
Expenditure	9 715 000	9 919 000	9 984 000	8 595 000
Operating Profit	153 000	−263 000	781 000	83 000
Financial Income	0	17 000	13 000	55 000
Financial Costs	85 000	193 000	1 058 000	46 000
Financial Balance	−85 000	−176 000	−1 045 000	9 000
Dividends	0	0	0	0
Net Income	−497 000	−828 000	−438 000	68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	102 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	613 000	683 000	919 000	901 000
Total Tangible Assets	613 000	683 000	919 000	901 000
Total Fiancial Fixed Assets	60 000	60 000	187 000	1 142 000
Total Fixed Assets	673 000	742 000	1 105 000	2 146 000
Stock	241 000	288 000	432 000	359 000
Total Investments	0	0	0	0
Cash, Bank	110 000	840 000	112 000	260 000
Total Current Assets	4 362 000	3 513 000	3 746 000	2 354 000
Total Assets	5 035 000	4 255 000	4 851 000	4 500 000
Total Equity	541 000	1 038 000	1 866 000	2 304 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	62 000	99 000	152 000	263 000
Creditors	930 000	289 000	961 000	671 000
Unpaid Taxes	823 000	818 000	540 000	443 000
Dividends	0	0	0	0
Other Current Debt	1 782 000	1 622 000	975 000	442 000
Total Current Debt	4 432 000	3 118 000	2 833 000	1 933 000
Total Equity and Debt	5 035 000	4 255 000	4 851 000	4 500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−91,87 %	−79,77 %	−23,47 %	2,95 %
Debt-to-Equity Ratio	0,11	0,1	0,08	0,11
Operating Profit Margin	1,55 %	−2,72 %	7,25 %	0,96 %
Current Ratio	0,98	1,13	1,32	1,22
Quick Ratio	1,04	1,24	1,56	1,5
Equity Ratio	0,11	0,24	0,38	0,51
Gross Profit Margin	74,72 %	70,47 %	67,61 %	68,4 %