HØGEVARDE AS

3539 FLÅ

Finances

Return on Equity

21,64 %

Current Ratio

2,8

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	184 958 000	155 629 000	116 594 000	63 218 000
Net Income	33 018 000	33 374 000	21 824 000	11 789 000
Total Assets	223 815 000	187 021 000	133 586 000	102 377 000
Total Equity	152 578 000	114 880 000	86 586 000	66 178 000

Income (NOK)	2022	2021	2020	2019
Revenue	184 958 000	155 629 000	116 594 000	63 218 000
Expenditure	141 318 000	108 220 000	85 634 000	46 874 000
Operating Profit	43 640 000	47 409 000	30 960 000	16 345 000
Financial Income	950 000	322 000	325 000	36 000
Financial Costs	1 499 000	2 940 000	1 336 000	1 254 000
Financial Balance	−549 000	−2 618 000	−1 011 000	−1 218 000
Earnings Before Tax	43 091 000	44 791 000	29 949 000	15 127 000
Tax	10 074 000	11 417 000	8 124 000	3 338 000
Net Income	33 018 000	33 374 000	21 824 000	11 789 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	105 378 000	81 826 000	70 992 000	59 365 000
Total Current Assets	118 438 000	105 195 000	62 594 000	43 012 000
Total Assets	223 815 000	187 021 000	133 586 000	102 377 000
Total Retained Equity	115 423 000	80 352 000	86 448 000	66 040 000
Total Equity	152 578 000	114 880 000	86 586 000	66 178 000
Total Long-Term Debt	28 983 000	38 685 000	15 675 000	21 497 000
Total Current Debt	42 255 000	33 456 000	31 325 000	14 701 000
Total Equity and Debt	223 815 000	187 021 000	133 586 000	102 377 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	181 791 000	152 450 000	113 469 000	62 497 000
Other Income	3 167 000	3 178 000	3 125 000	722 000
Revenue	184 958 000	155 629 000	116 594 000	63 218 000
Cost of Goods Sold	82 473 000	52 834 000	45 579 000	16 492 000
Salary Costs	23 110 000	20 843 000	14 599 000	7 982 000
Depreciation	13 103 000	8 760 000	6 603 000	4 959 000
Impairment	0	0	0	0
Expenditure	141 318 000	108 220 000	85 634 000	46 874 000
Operating Profit	43 640 000	47 409 000	30 960 000	16 345 000
Financial Income	950 000	322 000	325 000	36 000
Financial Costs	1 499 000	2 940 000	1 336 000	1 254 000
Financial Balance	−549 000	−2 618 000	−1 011 000	−1 218 000
Dividends	0	0	0	3 146 000
Net Income	33 018 000	33 374 000	21 824 000	11 789 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	634 000	853 000	993 000	2 031 000
Real Eastate	72 950 000	63 058 000	55 343 000	48 170 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	30 690 000	17 027 000	12 547 000	4 552 000
Total Tangible Assets	103 641 000	80 085 000	67 890 000	52 722 000
Total Fiancial Fixed Assets	1 103 000	888 000	2 109 000	4 612 000
Total Fixed Assets	105 378 000	81 826 000	70 992 000	59 365 000
Stock	100 528 000	92 003 000	44 770 000	38 960 000
Total Investments	0	0	0	0
Cash, Bank	8 390 000	6 102 000	8 543 000	2 328 000
Total Current Assets	118 438 000	105 195 000	62 594 000	43 012 000
Total Assets	223 815 000	187 021 000	133 586 000	102 377 000
Total Equity	152 578 000	114 880 000	86 586 000	66 178 000
Short-Term Group Debt	0	0	0	741 000
Total Long-Term Debt	28 983 000	38 685 000	15 675 000	21 497 000
Creditors	3 829 000	8 452 000	7 535 000	3 455 000
Unpaid Taxes	3 444 000	2 636 000	1 865 000	538 000
Dividends	0	0	0	3 146 000
Other Current Debt	16 621 000	3 360 000	3 754 000	2 107 000
Total Current Debt	42 255 000	33 456 000	31 325 000	14 701 000
Total Equity and Debt	223 815 000	187 021 000	133 586 000	102 377 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,64 %	29,05 %	25,2 %	17,81 %
Debt-to-Equity Ratio	0,19	0,34	0,18	0,32
Operating Profit Margin	23,59 %	30,46 %	26,55 %	25,85 %
Current Ratio	2,8	3,14	2	2,93
Quick Ratio	−2,03	−1,8	−4,66	−1,77
Equity Ratio	0,68	0,61	0,65	0,65
Gross Profit Margin	55,41 %	66,05 %	60,91 %	73,91 %