HIGH NORTH DEVELOPMENT GROUP AS

9901 KIRKENES

Finances

Return on Equity

−2,54 %

Current Ratio

0,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−1 284 000	745 000	13 000	−3 000
Total Assets	62 871 000	61 758 000	2 342 000	2 334 000
Total Equity	50 648 000	51 932 000	2 342 000	2 328 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	730 000	208 000	4 000	44 000
Operating Profit	−730 000	−208 000	−4 000	−45 000
Financial Income	0	1 160 000	17 000	42 000
Financial Costs	553 000	0	0	0
Financial Balance	−553 000	1 160 000	17 000	42 000
Earnings Before Tax	−1 284 000	951 000	13 000	−3 000
Tax	0	207 000	0	0
Net Income	−1 284 000	745 000	13 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 654 000	60 594 000	2 338 000	2 331 000
Total Current Assets	2 217 000	1 164 000	4 000	3 000
Total Assets	62 871 000	61 758 000	2 342 000	2 334 000
Total Retained Equity	548 000	1 832 000	2 242 000	2 228 000
Total Equity	50 648 000	51 932 000	2 342 000	2 328 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	12 223 000	9 826 000	0	5 000
Total Equity and Debt	62 871 000	61 758 000	2 342 000	2 334 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	41 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	730 000	208 000	4 000	44 000
Operating Profit	−730 000	−208 000	−4 000	−45 000
Financial Income	0	1 160 000	17 000	42 000
Financial Costs	553 000	0	0	0
Financial Balance	−553 000	1 160 000	17 000	42 000
Dividends	0	0	0	0
Net Income	−1 284 000	745 000	13 000	−3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	60 654 000	60 594 000	2 338 000	2 331 000
Total Fixed Assets	60 654 000	60 594 000	2 338 000	2 331 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 000	5 000	4 000	3 000
Total Current Assets	2 217 000	1 164 000	4 000	3 000
Total Assets	62 871 000	61 758 000	2 342 000	2 334 000
Total Equity	50 648 000	51 932 000	2 342 000	2 328 000
Short-Term Group Debt	11 929 000	9 807 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	243 000	13 000	0	5 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	50 000	6 000	0	0
Total Current Debt	12 223 000	9 826 000	0	5 000
Total Equity and Debt	62 871 000	61 758 000	2 342 000	2 334 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,54 %	1,43 %	0,56 %	−0,13 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	0,18	0,12	-	0,6
Quick Ratio	0,18	0,12	-	0,6
Equity Ratio	0,81	0,84	1	1
Gross Profit Margin	-	-	-	-