HARDANGER ØKONOMISERVICE AS

5783 EIDFJORD

Finances

Return on Equity

541 %

Current Ratio

0,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 349 000	9 200 000	9 008 000	7 995 000
Net Income	541 000	665 000	853 000	589 000
Total Assets	3 708 000	3 249 000	3 592 000	2 888 000
Total Equity	100 000	800 000	600 000	500 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 349 000	9 200 000	9 008 000	7 995 000
Expenditure	9 649 000	8 350 000	7 910 000	7 206 000
Operating Profit	700 000	850 000	1 098 000	788 000
Financial Income	7 000	12 000	24 000	21 000
Financial Costs	12 000	9 000	23 000	43 000
Financial Balance	−5 000	3 000	1 000	−22 000
Earnings Before Tax	694 000	854 000	1 098 000	766 000
Tax	153 000	188 000	245 000	177 000
Net Income	541 000	665 000	853 000	589 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	289 000	256 000	143 000	135 000
Total Current Assets	3 418 000	2 993 000	3 449 000	2 753 000
Total Assets	3 708 000	3 249 000	3 592 000	2 888 000
Total Retained Equity	0	700 000	500 000	400 000
Total Equity	100 000	800 000	600 000	500 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 608 000	2 449 000	2 992 000	2 388 000
Total Equity and Debt	3 708 000	3 249 000	3 592 000	2 888 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 005 000	9 175 000	8 977 000	7 937 000
Other Income	343 000	26 000	31 000	58 000
Revenue	10 349 000	9 200 000	9 008 000	7 995 000
Cost of Goods Sold	1 015 000	958 000	597 000	601 000
Salary Costs	7 055 000	5 592 000	5 635 000	4 893 000
Depreciation	27 000	27 000	22 000	33 000
Impairment	0	0	0	0
Expenditure	9 649 000	8 350 000	7 910 000	7 206 000
Operating Profit	700 000	850 000	1 098 000	788 000
Financial Income	7 000	12 000	24 000	21 000
Financial Costs	12 000	9 000	23 000	43 000
Financial Balance	−5 000	3 000	1 000	−22 000
Dividends	541 000	215 000	583 000	289 000
Net Income	541 000	665 000	853 000	589 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	11 000	14 000	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	92 000	135 000	119 000	118 000
Total Tangible Assets	92 000	135 000	119 000	118 000
Total Fiancial Fixed Assets	178 000	110 000	10 000	10 000
Total Fixed Assets	289 000	256 000	143 000	135 000
Stock	0	0	0	0
Total Investments	0	0	12 000	31 000
Cash, Bank	1 217 000	767 000	1 812 000	741 000
Total Current Assets	3 418 000	2 993 000	3 449 000	2 753 000
Total Assets	3 708 000	3 249 000	3 592 000	2 888 000
Total Equity	100 000	800 000	600 000	500 000
Short-Term Group Debt	87 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	432 000	327 000	366 000	239 000
Unpaid Taxes	1 142 000	714 000	791 000	819 000
Dividends	541 000	215 000	583 000	289 000
Other Current Debt	1 264 000	1 008 000	1 000 000	861 000
Total Current Debt	3 608 000	2 449 000	2 992 000	2 388 000
Total Equity and Debt	3 708 000	3 249 000	3 592 000	2 888 000

Financial indicators	2022	2021	2020	2019
Return on Equity	541 %	83,13 %	142,17 %	117,8 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,76 %	9,24 %	12,19 %	9,86 %
Current Ratio	0,95	1,22	1,15	1,15
Quick Ratio	0,95	1,22	1,15	1,15
Equity Ratio	0,03	0,25	0,17	0,17
Gross Profit Margin	90,19 %	89,59 %	93,37 %	92,48 %