MADE IN HØNEFOSS AS

0459 OSLO

Finances

Share Ownership

Return on Equity

22,48 %

Current Ratio

1,66

Debt-to-Equity Ratio

1,69

Key figures (NOK)	2021	2020	2019	2018
Revenue	5 513 000	4 620 000	3 278 000	4 933 000
Net Income	69 000	487 000	−862 000	651 000
Total Assets	1 455 000	1 978 000	1 200 000	2 544 000
Total Equity	307 000	270 000	−217 000	645 000

Income (NOK)	2021	2020	2019	2018
Revenue	5 513 000	4 620 000	3 278 000	4 933 000
Expenditure	5 418 000	4 095 000	4 113 000	4 083 000
Operating Profit	95 000	524 000	−835 000	850 000
Financial Income	1 000	1 000	2 000	0
Financial Costs	27 000	38 000	46 000	22 000
Financial Balance	−26 000	−37 000	−44 000	−22 000
Earnings Before Tax	69 000	487 000	−880 000	827 000
Tax	0	0	−18 000	176 000
Net Income	69 000	487 000	−862 000	651 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	406 000	593 000	760 000	950 000
Total Current Assets	1 050 000	1 385 000	440 000	1 594 000
Total Assets	1 455 000	1 978 000	1 200 000	2 544 000
Total Retained Equity	48 000	11 000	−476 000	386 000
Total Equity	307 000	270 000	−217 000	645 000
Total Long-Term Debt	518 000	702 000	858 000	1 035 000
Total Current Debt	631 000	1 006 000	558 000	864 000
Total Equity and Debt	1 455 000	1 978 000	1 200 000	2 544 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	4 771 000	4 474 000	3 278 000	4 933 000
Other Income	743 000	146 000	0	0
Revenue	5 513 000	4 620 000	3 278 000	4 933 000
Cost of Goods Sold	3 795 000	2 443 000	0	0
Salary Costs	584 000	829 000	1 337 000	943 000
Depreciation	210 000	205 000	209 000	64 000
Impairment	0	0	0	0
Expenditure	5 418 000	4 095 000	4 113 000	4 083 000
Operating Profit	95 000	524 000	−835 000	850 000
Financial Income	1 000	1 000	2 000	0
Financial Costs	27 000	38 000	46 000	22 000
Financial Balance	−26 000	−37 000	−44 000	−22 000
Dividends	32 000	0	0	250 000
Net Income	69 000	487 000	−862 000	651 000

Balance details (NOK)	2021	2020	2019	2018
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	406 000	583 000	760 000	950 000
Total Tangible Assets	406 000	583 000	760 000	950 000
Total Fiancial Fixed Assets	0	10 000	0	0
Total Fixed Assets	406 000	593 000	760 000	950 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	969 000	1 127 000	234 000	1 149 000
Total Current Assets	1 050 000	1 385 000	440 000	1 594 000
Total Assets	1 455 000	1 978 000	1 200 000	2 544 000
Total Equity	307 000	270 000	−217 000	645 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	518 000	702 000	858 000	1 035 000
Creditors	53 000	432 000	82 000	30 000
Unpaid Taxes	372 000	382 000	314 000	333 000
Dividends	32 000	0	0	250 000
Other Current Debt	173 000	192 000	163 000	93 000
Total Current Debt	631 000	1 006 000	558 000	864 000
Total Equity and Debt	1 455 000	1 978 000	1 200 000	2 544 000

Financial indicators	2021	2020	2019	2018
Return on Equity	22,48 %	180,37 %	397,24 %	100,93 %
Debt-to-Equity Ratio	1,69	2,6	−3,95	1,6
Operating Profit Margin	1,72 %	11,34 %	−25,47 %	17,23 %
Current Ratio	1,66	1,38	0,79	1,84
Quick Ratio	1,66	1,38	0,79	1,84
Equity Ratio	0,21	0,14	−0,18	0,25
Gross Profit Margin	31,16 %	47,12 %	100 %	100 %