HØGÅSEN AS

2420 TRYSIL

Finances

Share Ownership

Return on Equity

36,03 %

Current Ratio

1,4

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 897 000	7 952 000	5 393 000	5 282 000
Net Income	815 000	−478 000	−41 000	261 000
Total Assets	7 388 000	8 811 000	11 390 000	11 961 000
Total Equity	2 262 000	5 447 000	5 699 000	5 740 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 897 000	7 952 000	5 393 000	5 282 000
Expenditure	3 640 000	5 018 000	7 085 000	9 899 000
Operating Profit	1 037 000	−619 000	−62 000	321 000
Financial Income	8 000	6 000	10 000	15 000
Financial Costs	0	0	1 000	1 000
Financial Balance	8 000	6 000	9 000	14 000
Earnings Before Tax	1 045 000	−613 000	−53 000	335 000
Tax	230 000	−135 000	−12 000	74 000
Net Income	815 000	−478 000	−41 000	261 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	199 000	257 000	263 000	392 000
Total Current Assets	7 189 000	8 554 000	11 127 000	11 570 000
Total Assets	7 388 000	8 811 000	11 390 000	11 961 000
Total Retained Equity	−91 000	3 094 000	3 572 000	3 613 000
Total Equity	2 262 000	5 447 000	5 699 000	5 740 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 126 000	3 364 000	5 692 000	6 222 000
Total Equity and Debt	7 388 000	8 811 000	11 390 000	11 961 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 812 000	7 952 000	5 392 000	5 267 000
Other Income	85 000	0	0	16 000
Revenue	5 897 000	7 952 000	5 393 000	5 282 000
Cost of Goods Sold	1 495 000	2 654 000	4 827 000	7 702 000
Salary Costs	0	0	0	0
Depreciation	56 000	58 000	73 000	75 000
Impairment	0	0	0	0
Expenditure	3 640 000	5 018 000	7 085 000	9 899 000
Operating Profit	1 037 000	−619 000	−62 000	321 000
Financial Income	8 000	6 000	10 000	15 000
Financial Costs	0	0	1 000	1 000
Financial Balance	8 000	6 000	9 000	14 000
Dividends	4 000 000	0	0	0
Net Income	815 000	−478 000	−41 000	261 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	166 000	167 000	116 000	172 000
Real Eastate	0	0	2 000	4 000
Machinery and Plant Facilities	33 000	89 000	145 000	216 000
Fixtures	0	0	0	0
Total Tangible Assets	33 000	89 000	147 000	220 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	199 000	257 000	263 000	392 000
Stock	4 902 000	6 122 000	9 676 000	8 046 000
Total Investments	0	0	0	0
Cash, Bank	1 760 000	1 260 000	717 000	1 472 000
Total Current Assets	7 189 000	8 554 000	11 127 000	11 570 000
Total Assets	7 388 000	8 811 000	11 390 000	11 961 000
Total Equity	2 262 000	5 447 000	5 699 000	5 740 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	497 000	2 984 000	5 506 000	6 154 000
Unpaid Taxes	0	0	186 000	0
Dividends	4 000 000	0	0	0
Other Current Debt	401 000	380 000	0	0
Total Current Debt	5 126 000	3 364 000	5 692 000	6 222 000
Total Equity and Debt	7 388 000	8 811 000	11 390 000	11 961 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,03 %	−8,78 %	−0,72 %	4,55 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,59 %	−7,78 %	−1,15 %	6,08 %
Current Ratio	1,4	2,54	1,95	1,86
Quick Ratio	32,09	−3,1	−2,79	−6,34
Equity Ratio	0,31	0,62	0,5	0,48
Gross Profit Margin	74,65 %	66,62 %	10,5 %	−45,82 %