HEDIN PERFORMANCE CARS AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

20,08 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	528 396 000	475 693 000	429 985 000	178 995 000
Net Income	12 390 000	14 295 000	12 943 000	−9 194 000
Total Assets	131 518 000	92 910 000	79 054 000	128 503 000
Total Equity	61 708 000	49 318 000	35 023 000	22 080 000

Income (NOK)	2022	2021	2020	2019
Revenue	528 396 000	475 693 000	429 985 000	178 995 000
Expenditure	510 771 000	456 423 000	412 326 000	188 606 000
Operating Profit	17 625 000	19 270 000	17 659 000	−9 611 000
Financial Income	41 000	8 000	90 000	79 000
Financial Costs	1 777 000	942 000	1 165 000	2 270 000
Financial Balance	−1 736 000	−934 000	−1 075 000	−2 191 000
Earnings Before Tax	15 889 000	18 336 000	16 584 000	−11 802 000
Tax	3 500 000	4 041 000	3 641 000	−2 608 000
Net Income	12 390 000	14 295 000	12 943 000	−9 194 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 300 000	9 454 000	6 149 000	3 845 000
Total Current Assets	120 218 000	83 456 000	72 905 000	124 658 000
Total Assets	131 518 000	92 910 000	79 054 000	128 503 000
Total Retained Equity	22 770 000	10 380 000	−3 915 000	−16 858 000
Total Equity	61 708 000	49 318 000	35 023 000	22 080 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	69 810 000	43 592 000	44 031 000	106 423 000
Total Equity and Debt	131 518 000	92 910 000	79 054 000	128 503 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	524 189 000	472 254 000	428 683 000	178 334 000
Other Income	4 207 000	3 439 000	1 303 000	661 000
Revenue	528 396 000	475 693 000	429 985 000	178 995 000
Cost of Goods Sold	457 759 000	415 739 000	375 393 000	159 722 000
Salary Costs	24 448 000	19 284 000	16 550 000	13 871 000
Depreciation	2 230 000	1 462 000	1 061 000	379 000
Impairment	0	0	0	0
Expenditure	510 771 000	456 423 000	412 326 000	188 606 000
Operating Profit	17 625 000	19 270 000	17 659 000	−9 611 000
Financial Income	41 000	8 000	90 000	79 000
Financial Costs	1 777 000	942 000	1 165 000	2 270 000
Financial Balance	−1 736 000	−934 000	−1 075 000	−2 191 000
Dividends	0	0	0	0
Net Income	12 390 000	14 295 000	12 943 000	−9 194 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	927 000	535 000	597 000	724 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 372 000	8 919 000	5 552 000	3 121 000
Total Tangible Assets	10 372 000	8 919 000	5 552 000	3 121 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 300 000	9 454 000	6 149 000	3 845 000
Stock	104 574 000	67 429 000	60 593 000	77 443 000
Total Investments	0	0	0	0
Cash, Bank	1 009 000	844 000	671 000	618 000
Total Current Assets	120 218 000	83 456 000	72 905 000	124 658 000
Total Assets	131 518 000	92 910 000	79 054 000	128 503 000
Total Equity	61 708 000	49 318 000	35 023 000	22 080 000
Short-Term Group Debt	12 665 000	22 096 000	23 483 000	54 119 000
Total Long-Term Debt	0	0	0	0
Creditors	8 633 000	3 504 000	3 461 000	42 668 000
Unpaid Taxes	3 466 000	765 000	1 204 000	977 000
Dividends	0	0	0	0
Other Current Debt	29 327 000	5 614 000	7 028 000	1 440 000
Total Current Debt	69 810 000	43 592 000	44 031 000	106 423 000
Total Equity and Debt	131 518 000	92 910 000	79 054 000	128 503 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,08 %	28,99 %	36,96 %	−41,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,34 %	4,05 %	4,11 %	−5,37 %
Current Ratio	1,72	1,91	1,66	1,17
Quick Ratio	−3,46	−3,5	−4,4	4,3
Equity Ratio	0,47	0,53	0,44	0,17
Gross Profit Margin	13,37 %	12,6 %	12,7 %	10,77 %