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1395 HVALSTAD

Finances

Share Ownership

Return on Equity

−86,58 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 682 000	23 510 000	20 440 000	24 363 000
Net Income	−2 317 000	−2 553 000	−2 268 000	−3 241 000
Total Assets	8 791 000	8 118 000	10 623 000	10 662 000
Total Equity	2 676 000	2 681 000	2 596 000	2 729 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 682 000	23 510 000	20 440 000	24 363 000
Expenditure	21 670 000	26 775 000	23 370 000	28 587 000
Operating Profit	−2 988 000	−3 265 000	−2 929 000	−4 225 000
Financial Income	32 000	3 000	27 000	70 000
Financial Costs	5 000	9 000	6 000	1 000
Financial Balance	27 000	−6 000	21 000	69 000
Earnings Before Tax	−2 961 000	−3 270 000	−2 908 000	−4 156 000
Tax	−644 000	−717 000	−640 000	−914 000
Net Income	−2 317 000	−2 553 000	−2 268 000	−3 241 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	271 000	483 000	699 000	757 000
Total Current Assets	8 520 000	7 636 000	9 925 000	9 905 000
Total Assets	8 791 000	8 118 000	10 623 000	10 662 000
Total Retained Equity	−5 000	0	0	0
Total Equity	2 676 000	2 681 000	2 596 000	2 729 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 115 000	5 438 000	8 028 000	7 933 000
Total Equity and Debt	8 791 000	8 118 000	10 623 000	10 662 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 682 000	23 510 000	20 440 000	24 363 000
Other Income	0	0	0	0
Revenue	18 682 000	23 510 000	20 440 000	24 363 000
Cost of Goods Sold	11 682 000	11 931 000	13 082 000	15 674 000
Salary Costs	6 144 000	6 498 000	5 257 000	8 688 000
Depreciation	189 000	189 000	177 000	173 000
Impairment	0	0	0	0
Expenditure	21 670 000	26 775 000	23 370 000	28 587 000
Operating Profit	−2 988 000	−3 265 000	−2 929 000	−4 225 000
Financial Income	32 000	3 000	27 000	70 000
Financial Costs	5 000	9 000	6 000	1 000
Financial Balance	27 000	−6 000	21 000	69 000
Dividends	0	0	0	0
Net Income	−2 317 000	−2 553 000	−2 268 000	−3 241 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	69 000	91 000	118 000	81 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	202 000	391 000	581 000	677 000
Fixtures	0	0	0	0
Total Tangible Assets	202 000	391 000	581 000	677 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	271 000	483 000	699 000	757 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	164 000	390 000	349 000	207 000
Total Current Assets	8 520 000	7 636 000	9 925 000	9 905 000
Total Assets	8 791 000	8 118 000	10 623 000	10 662 000
Total Equity	2 676 000	2 681 000	2 596 000	2 729 000
Short-Term Group Debt	5 054 000	3 967 000	6 027 000	6 159 000
Total Long-Term Debt	0	0	0	0
Creditors	217 000	275 000	670 000	207 000
Unpaid Taxes	243 000	542 000	561 000	571 000
Dividends	0	0	0	0
Other Current Debt	601 000	653 000	771 000	995 000
Total Current Debt	6 115 000	5 438 000	8 028 000	7 933 000
Total Equity and Debt	8 791 000	8 118 000	10 623 000	10 662 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−86,58 %	−95,23 %	−87,37 %	−118,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−15,99 %	−13,89 %	−14,33 %	−17,34 %
Current Ratio	1,39	1,4	1,24	1,25
Quick Ratio	1,39	1,4	1,24	1,25
Equity Ratio	0,3	0,33	0,24	0,26
Gross Profit Margin	37,47 %	49,25 %	36 %	35,66 %