HONG KONG PALACE AS

7010 TRONDHEIM

Finances

Return on Equity

41,23 %

Current Ratio

2,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 255 000	18 372 000	10 867 000	7 559 000
Net Income	2 291 000	3 282 000	2 291 000	1 014 000
Total Assets	7 703 000	10 790 000	8 431 000	5 582 000
Total Equity	5 557 000	4 518 000	6 236 000	4 245 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 255 000	18 372 000	10 867 000	7 559 000
Expenditure	16 433 000	14 622 000	8 693 000	6 270 000
Operating Profit	2 823 000	3 750 000	2 175 000	1 289 000
Financial Income	613 000	539 000	676 000	13 000
Financial Costs	505 000	180 000	80 000	1 000
Financial Balance	108 000	359 000	596 000	12 000
Earnings Before Tax	2 931 000	4 109 000	2 772 000	1 300 000
Tax	640 000	827 000	481 000	286 000
Net Income	2 291 000	3 282 000	2 291 000	1 014 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 971 000	3 217 000	3 611 000	3 139 000
Total Current Assets	4 732 000	7 573 000	4 820 000	2 443 000
Total Assets	7 703 000	10 790 000	8 431 000	5 582 000
Total Retained Equity	5 457 000	4 418 000	6 136 000	4 145 000
Total Equity	5 557 000	4 518 000	6 236 000	4 245 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 146 000	6 272 000	2 195 000	1 337 000
Total Equity and Debt	7 703 000	10 790 000	8 431 000	5 582 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 254 000	18 372 000	10 867 000	7 559 000
Other Income	1 000	0	0	0
Revenue	19 255 000	18 372 000	10 867 000	7 559 000
Cost of Goods Sold	6 532 000	5 841 000	3 201 000	2 530 000
Salary Costs	6 906 000	5 975 000	3 128 000	2 696 000
Depreciation	428 000	396 000	289 000	47 000
Impairment	0	0	0	0
Expenditure	16 433 000	14 622 000	8 693 000	6 270 000
Operating Profit	2 823 000	3 750 000	2 175 000	1 289 000
Financial Income	613 000	539 000	676 000	13 000
Financial Costs	505 000	180 000	80 000	1 000
Financial Balance	108 000	359 000	596 000	12 000
Dividends	0	5 000 000	300 000	100 000
Net Income	2 291 000	3 282 000	2 291 000	1 014 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	5 000	3 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	9 000
Fixtures	2 963 000	3 212 000	3 608 000	3 130 000
Total Tangible Assets	2 963 000	3 212 000	3 608 000	3 139 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 971 000	3 217 000	3 611 000	3 139 000
Stock	72 000	75 000	95 000	59 000
Total Investments	459 000	4 865 000	537 000	0
Cash, Bank	3 942 000	2 521 000	4 162 000	2 332 000
Total Current Assets	4 732 000	7 573 000	4 820 000	2 443 000
Total Assets	7 703 000	10 790 000	8 431 000	5 582 000
Total Equity	5 557 000	4 518 000	6 236 000	4 245 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	337 000	348 000	265 000	115 000
Unpaid Taxes	532 000	770 000	465 000	237 000
Dividends	0	5 000 000	300 000	100 000
Other Current Debt	635 000	576 000	681 000	599 000
Total Current Debt	2 146 000	6 272 000	2 195 000	1 337 000
Total Equity and Debt	7 703 000	10 790 000	8 431 000	5 582 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,23 %	72,64 %	36,74 %	23,89 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,66 %	20,41 %	20,01 %	17,05 %
Current Ratio	2,21	1,21	2,2	1,83
Quick Ratio	2,28	1,22	2,3	1,91
Equity Ratio	0,72	0,42	0,74	0,76
Gross Profit Margin	66,08 %	68,21 %	70,54 %	66,53 %