HVARNES HOLDING AS

3125 TØNSBERG

Finances

Return on Equity

−149,6 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	150 000	250 000
Net Income	−1 674 000	−72 000	7 000	−1 009 000
Total Assets	1 243 000	2 842 000	2 972 000	4 153 000
Total Equity	1 119 000	2 792 000	2 922 000	4 080 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	150 000	250 000
Expenditure	1 694 000	64 000	150 000	319 000
Operating Profit	−1 694 000	−64 000	0	−69 000
Financial Income	20 000	34 000	7 000	27 000
Financial Costs	0	42 000	0	968 000
Financial Balance	20 000	−8 000	7 000	−941 000
Earnings Before Tax	−1 674 000	−72 000	7 000	−1 009 000
Tax	0	0	0	0
Net Income	−1 674 000	−72 000	7 000	−1 009 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 243 000	2 837 000	2 833 000	2 935 000
Total Current Assets	0	5 000	139 000	1 217 000
Total Assets	1 243 000	2 842 000	2 972 000	4 153 000
Total Retained Equity	1 005 000	2 679 000	2 809 000	3 967 000
Total Equity	1 119 000	2 792 000	2 922 000	4 080 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	125 000	50 000	50 000	72 000
Total Equity and Debt	1 243 000	2 842 000	2 972 000	4 153 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	150 000	250 000
Revenue	0	0	150 000	250 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	1 000
Impairment	0	0	0	0
Expenditure	1 694 000	64 000	150 000	319 000
Operating Profit	−1 694 000	−64 000	0	−69 000
Financial Income	20 000	34 000	7 000	27 000
Financial Costs	0	42 000	0	968 000
Financial Balance	20 000	−8 000	7 000	−941 000
Dividends	0	0	0	0
Net Income	−1 674 000	−72 000	7 000	−1 009 000

Balance details (NOK)	2022	2021	2020	2019
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 243 000	2 837 000	2 833 000	2 935 000
Total Fixed Assets	1 243 000	2 837 000	2 833 000	2 935 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	139 000	867 000
Total Current Assets	0	5 000	139 000	1 217 000
Total Assets	1 243 000	2 842 000	2 972 000	4 153 000
Total Equity	1 119 000	2 792 000	2 922 000	4 080 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	0	0	22 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	121 000	50 000	50 000	50 000
Total Current Debt	125 000	50 000	50 000	72 000
Total Equity and Debt	1 243 000	2 842 000	2 972 000	4 153 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−149,6 %	−2,58 %	0,24 %	−24,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	0 %	−27,6 %
Current Ratio	0	0,1	2,78	16,9
Quick Ratio	0	0,1	2,78	16,9
Equity Ratio	0,9	0,98	0,98	0,98
Gross Profit Margin	-	-	100 %	100 %