HVITEVARETEKNIKK AS

1481 HAGAN

Finances

Share Ownership

Return on Equity

23,18 %

Current Ratio

1,52

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 561 000	24 683 000	23 399 000	16 429 000
Net Income	807 000	1 126 000	2 182 000	1 451 000
Total Assets	8 889 000	10 077 000	10 752 000	7 865 000
Total Equity	3 482 000	3 875 000	3 749 000	3 067 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 561 000	24 683 000	23 399 000	16 429 000
Expenditure	23 488 000	23 181 000	20 526 000	14 530 000
Operating Profit	1 073 000	1 503 000	2 873 000	1 898 000
Financial Income	7 000	8 000	5 000	13 000
Financial Costs	45 000	68 000	80 000	51 000
Financial Balance	−38 000	−60 000	−75 000	−38 000
Earnings Before Tax	1 035 000	1 444 000	2 798 000	1 860 000
Tax	228 000	318 000	616 000	409 000
Net Income	807 000	1 126 000	2 182 000	1 451 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 477 000	1 999 000	2 180 000	1 535 000
Total Current Assets	7 412 000	8 078 000	8 572 000	6 330 000
Total Assets	8 889 000	10 077 000	10 752 000	7 865 000
Total Retained Equity	3 382 000	3 775 000	3 649 000	2 967 000
Total Equity	3 482 000	3 875 000	3 749 000	3 067 000
Total Long-Term Debt	524 000	1 286 000	1 585 000	1 014 000
Total Current Debt	4 883 000	4 916 000	5 418 000	3 783 000
Total Equity and Debt	8 889 000	10 077 000	10 752 000	7 865 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 546 000	24 683 000	23 346 000	16 429 000
Other Income	15 000	0	53 000	0
Revenue	24 561 000	24 683 000	23 399 000	16 429 000
Cost of Goods Sold	6 346 000	6 048 000	4 630 000	2 568 000
Salary Costs	12 211 000	12 406 000	11 588 000	8 524 000
Depreciation	579 000	577 000	549 000	347 000
Impairment	0	0	0	0
Expenditure	23 488 000	23 181 000	20 526 000	14 530 000
Operating Profit	1 073 000	1 503 000	2 873 000	1 898 000
Financial Income	7 000	8 000	5 000	13 000
Financial Costs	45 000	68 000	80 000	51 000
Financial Balance	−38 000	−60 000	−75 000	−38 000
Dividends	1 200 000	1 000 000	1 500 000	600 000
Net Income	807 000	1 126 000	2 182 000	1 451 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	54 000	29 000	41 000	75 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 423 000	1 971 000	2 039 000	1 259 000
Total Tangible Assets	1 423 000	1 971 000	2 039 000	1 259 000
Total Fiancial Fixed Assets	0	0	100 000	200 000
Total Fixed Assets	1 477 000	1 999 000	2 180 000	1 535 000
Stock	2 366 000	2 271 000	2 445 000	1 993 000
Total Investments	0	0	0	0
Cash, Bank	2 993 000	3 176 000	4 073 000	2 238 000
Total Current Assets	7 412 000	8 078 000	8 572 000	6 330 000
Total Assets	8 889 000	10 077 000	10 752 000	7 865 000
Total Equity	3 482 000	3 875 000	3 749 000	3 067 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	524 000	1 286 000	1 585 000	1 014 000
Creditors	710 000	938 000	798 000	739 000
Unpaid Taxes	1 521 000	1 501 000	1 480 000	1 258 000
Dividends	1 200 000	1 000 000	1 500 000	600 000
Other Current Debt	1 199 000	1 172 000	1 058 000	770 000
Total Current Debt	4 883 000	4 916 000	5 418 000	3 783 000
Total Equity and Debt	8 889 000	10 077 000	10 752 000	7 865 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,18 %	29,06 %	58,2 %	47,31 %
Debt-to-Equity Ratio	0,15	0,33	0,42	0,33
Operating Profit Margin	4,37 %	6,09 %	12,28 %	11,55 %
Current Ratio	1,52	1,64	1,58	1,67
Quick Ratio	2,94	3,05	2,88	3,54
Equity Ratio	0,39	0,38	0,35	0,39
Gross Profit Margin	74,16 %	75,5 %	80,21 %	84,37 %