HOVDEN & VATNE STATSAUTORISERTE REVISORAR AS

6150 ØRSTA

Finances

Return on Equity

83,17 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 103 000	15 556 000	14 201 000	12 984 000
Net Income	3 088 000	2 235 000	1 463 000	971 000
Total Assets	8 633 000	6 874 000	5 846 000	5 591 000
Total Equity	3 713 000	2 425 000	2 690 000	1 227 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 103 000	15 556 000	14 201 000	12 984 000
Expenditure	13 242 000	12 665 000	12 156 000	11 665 000
Operating Profit	3 861 000	2 890 000	2 045 000	1 319 000
Financial Income	89 000	34 000	29 000	55 000
Financial Costs	35 000	45 000	76 000	117 000
Financial Balance	54 000	−11 000	−47 000	−62 000
Earnings Before Tax	3 916 000	2 879 000	1 998 000	1 257 000
Tax	827 000	644 000	534 000	286 000
Net Income	3 088 000	2 235 000	1 463 000	971 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 795 000	1 720 000	1 561 000	1 819 000
Total Current Assets	6 838 000	5 154 000	4 285 000	3 771 000
Total Assets	8 633 000	6 874 000	5 846 000	5 591 000
Total Retained Equity	3 565 000	2 277 000	2 542 000	1 079 000
Total Equity	3 713 000	2 425 000	2 690 000	1 227 000
Total Long-Term Debt	0	0	333 000	1 627 000
Total Current Debt	4 920 000	4 449 000	2 823 000	2 737 000
Total Equity and Debt	8 633 000	6 874 000	5 846 000	5 591 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 850 000	15 308 000	13 976 000	12 808 000
Other Income	253 000	248 000	225 000	176 000
Revenue	17 103 000	15 556 000	14 201 000	12 984 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 187 000	8 963 000	8 316 000	8 302 000
Depreciation	424 000	382 000	416 000	313 000
Impairment	0	0	0	0
Expenditure	13 242 000	12 665 000	12 156 000	11 665 000
Operating Profit	3 861 000	2 890 000	2 045 000	1 319 000
Financial Income	89 000	34 000	29 000	55 000
Financial Costs	35 000	45 000	76 000	117 000
Financial Balance	54 000	−11 000	−47 000	−62 000
Dividends	0	0	0	750 000
Net Income	3 088 000	2 235 000	1 463 000	971 000

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	1 795 000	1 720 000	1 561 000	1 819 000
Total Tangible Assets	1 795 000	1 720 000	1 561 000	1 819 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 795 000	1 720 000	1 561 000	1 819 000
Stock	0	0	0	0
Total Investments	33 000	33 000	33 000	33 000
Cash, Bank	4 118 000	3 185 000	1 966 000	1 445 000
Total Current Assets	6 838 000	5 154 000	4 285 000	3 771 000
Total Assets	8 633 000	6 874 000	5 846 000	5 591 000
Total Equity	3 713 000	2 425 000	2 690 000	1 227 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	333 000	1 627 000
Creditors	209 000	276 000	122 000	129 000
Unpaid Taxes	960 000	930 000	1 091 000	784 000
Dividends	0	0	0	750 000
Other Current Debt	2 923 000	2 599 000	1 035 000	820 000
Total Current Debt	4 920 000	4 449 000	2 823 000	2 737 000
Total Equity and Debt	8 633 000	6 874 000	5 846 000	5 591 000

Financial indicators	2022	2021	2020	2019
Return on Equity	83,17 %	92,16 %	54,39 %	79,14 %
Debt-to-Equity Ratio	0	0	0,12	1,33
Operating Profit Margin	22,57 %	18,58 %	14,4 %	10,16 %
Current Ratio	1,39	1,16	1,52	1,38
Quick Ratio	1,39	1,16	1,52	1,38
Equity Ratio	0,43	0,35	0,46	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %