HOUSE OF HYGGE AS

3560 HEMSEDAL

Finances

Return on Equity

−54,33 %

Current Ratio

1,61

Debt-to-Equity Ratio

1,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 271 000	18 570 000	20 896 000	10 019 000
Net Income	−2 408 000	403 000	992 000	−16 000
Total Assets	19 859 000	14 216 000	11 184 000	7 048 000
Total Equity	4 432 000	2 434 000	2 670 000	1 678 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 271 000	18 570 000	20 896 000	10 019 000
Expenditure	19 224 000	17 766 000	19 351 000	9 798 000
Operating Profit	−1 952 000	804 000	1 546 000	221 000
Financial Income	79 000	35 000	63 000	16 000
Financial Costs	606 000	364 000	292 000	236 000
Financial Balance	−527 000	−329 000	−229 000	−220 000
Earnings Before Tax	−2 480 000	476 000	1 317 000	2 000
Tax	−73 000	73 000	326 000	18 000
Net Income	−2 408 000	403 000	992 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 039 000	2 649 000	1 707 000	2 126 000
Total Current Assets	16 820 000	11 567 000	9 477 000	4 922 000
Total Assets	19 859 000	14 216 000	11 184 000	7 048 000
Total Retained Equity	0	1 258 000	1 480 000	488 000
Total Equity	4 432 000	2 434 000	2 670 000	1 678 000
Total Long-Term Debt	4 948 000	4 324 000	5 143 000	3 872 000
Total Current Debt	10 479 000	7 458 000	3 371 000	1 498 000
Total Equity and Debt	19 859 000	14 216 000	11 184 000	7 048 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 742 000	18 215 000	20 551 000	10 001 000
Other Income	529 000	355 000	345 000	18 000
Revenue	17 271 000	18 570 000	20 896 000	10 019 000
Cost of Goods Sold	7 969 000	5 394 000	7 722 000	3 587 000
Salary Costs	4 084 000	4 330 000	3 243 000	2 221 000
Depreciation	352 000	200 000	216 000	113 000
Impairment	0	0	0	0
Expenditure	19 224 000	17 766 000	19 351 000	9 798 000
Operating Profit	−1 952 000	804 000	1 546 000	221 000
Financial Income	79 000	35 000	63 000	16 000
Financial Costs	606 000	364 000	292 000	236 000
Financial Balance	−527 000	−329 000	−229 000	−220 000
Dividends	0	0	0	0
Net Income	−2 408 000	403 000	992 000	−16 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 740 000	1 318 000	220 000	634 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 202 000	1 250 000	1 379 000	1 416 000
Total Tangible Assets	1 202 000	1 250 000	1 379 000	1 416 000
Total Fiancial Fixed Assets	97 000	81 000	108 000	76 000
Total Fixed Assets	3 039 000	2 649 000	1 707 000	2 126 000
Stock	11 001 000	8 044 000	3 323 000	3 688 000
Total Investments	0	0	0	0
Cash, Bank	3 605 000	1 129 000	3 749 000	796 000
Total Current Assets	16 820 000	11 567 000	9 477 000	4 922 000
Total Assets	19 859 000	14 216 000	11 184 000	7 048 000
Total Equity	4 432 000	2 434 000	2 670 000	1 678 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 948 000	4 324 000	5 143 000	3 872 000
Creditors	575 000	587 000	517 000	193 000
Unpaid Taxes	1 277 000	1 612 000	1 691 000	786 000
Dividends	0	0	0	0
Other Current Debt	4 547 000	1 193 000	1 164 000	519 000
Total Current Debt	10 479 000	7 458 000	3 371 000	1 498 000
Total Equity and Debt	19 859 000	14 216 000	11 184 000	7 048 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−54,33 %	16,56 %	37,15 %	−0,95 %
Debt-to-Equity Ratio	1,12	1,78	1,93	2,31
Operating Profit Margin	−11,3 %	4,33 %	7,4 %	2,21 %
Current Ratio	1,61	1,55	2,81	3,29
Quick Ratio	−32,22	−19,74	197,44	−2,25
Equity Ratio	0,22	0,17	0,24	0,24
Gross Profit Margin	53,86 %	70,95 %	63,05 %	64,2 %