HERVIK RØR AS

5566 HERVIK

Finances

Return on Equity

20,65 %

Current Ratio

2,51

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	69 908 000	53 529 000	40 652 000	41 366 000
Net Income	4 504 000	3 078 000	2 566 000	3 320 000
Total Assets	36 117 000	31 876 000	29 660 000	27 909 000
Total Equity	21 813 000	19 309 000	18 231 000	17 165 000

Income (NOK)	2022	2021	2020	2019
Revenue	69 908 000	53 529 000	40 652 000	41 366 000
Expenditure	64 110 000	49 586 000	37 351 000	37 065 000
Operating Profit	5 798 000	3 943 000	3 301 000	4 301 000
Financial Income	35 000	32 000	30 000	13 000
Financial Costs	50 000	29 000	38 000	50 000
Financial Balance	−15 000	3 000	−8 000	−37 000
Earnings Before Tax	5 783 000	3 946 000	3 292 000	4 264 000
Tax	1 279 000	868 000	726 000	944 000
Net Income	4 504 000	3 078 000	2 566 000	3 320 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 975 000	2 188 000	2 334 000	2 703 000
Total Current Assets	33 141 000	29 687 000	27 325 000	25 206 000
Total Assets	36 117 000	31 876 000	29 660 000	27 909 000
Total Retained Equity	20 298 000	17 793 000	16 716 000	15 649 000
Total Equity	21 813 000	19 309 000	18 231 000	17 165 000
Total Long-Term Debt	1 119 000	1 202 000	1 470 000	2 500 000
Total Current Debt	13 184 000	11 364 000	9 959 000	8 245 000
Total Equity and Debt	36 117 000	31 876 000	29 660 000	27 909 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	69 875 000	53 528 000	40 368 000	41 226 000
Other Income	33 000	1 000	284 000	140 000
Revenue	69 908 000	53 529 000	40 652 000	41 366 000
Cost of Goods Sold	40 398 000	26 402 000	18 515 000	19 972 000
Salary Costs	15 882 000	16 246 000	12 379 000	11 830 000
Depreciation	600 000	475 000	431 000	441 000
Impairment	0	0	0	0
Expenditure	64 110 000	49 586 000	37 351 000	37 065 000
Operating Profit	5 798 000	3 943 000	3 301 000	4 301 000
Financial Income	35 000	32 000	30 000	13 000
Financial Costs	50 000	29 000	38 000	50 000
Financial Balance	−15 000	3 000	−8 000	−37 000
Dividends	2 000 000	2 000 000	1 500 000	1 500 000
Net Income	4 504 000	3 078 000	2 566 000	3 320 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	45 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 955 000	2 123 000	2 314 000	2 683 000
Total Tangible Assets	2 955 000	2 123 000	2 314 000	2 683 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	2 975 000	2 188 000	2 334 000	2 703 000
Stock	7 150 000	8 314 000	8 442 000	6 842 000
Total Investments	0	0	0	0
Cash, Bank	7 491 000	2 676 000	3 472 000	7 303 000
Total Current Assets	33 141 000	29 687 000	27 325 000	25 206 000
Total Assets	36 117 000	31 876 000	29 660 000	27 909 000
Total Equity	21 813 000	19 309 000	18 231 000	17 165 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 119 000	1 202 000	1 470 000	2 500 000
Creditors	3 659 000	2 526 000	3 357 000	1 557 000
Unpaid Taxes	3 857 000	3 617 000	2 531 000	2 213 000
Dividends	2 000 000	2 000 000	1 500 000	1 500 000
Other Current Debt	2 463 000	2 214 000	1 883 000	1 846 000
Total Current Debt	13 184 000	11 364 000	9 959 000	8 245 000
Total Equity and Debt	36 117 000	31 876 000	29 660 000	27 909 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,65 %	15,94 %	14,07 %	19,34 %
Debt-to-Equity Ratio	0,05	0,06	0,08	0,15
Operating Profit Margin	8,29 %	7,37 %	8,12 %	10,4 %
Current Ratio	2,51	2,61	2,74	3,06
Quick Ratio	5,49	9,73	18,01	17,97
Equity Ratio	0,6	0,61	0,61	0,62
Gross Profit Margin	42,21 %	50,68 %	54,45 %	51,72 %