HØGEVOLL AS

4307 SANDNES

Finances

Return on Equity

−10,92 %

Current Ratio

0,6

Debt-to-Equity Ratio

3,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 175 000	7 847 000	10 737 000	13 612 000
Net Income	−8 199 000	25 526 000	24 333 000	17 023 000
Total Assets	343 035 000	330 396 000	282 354 000	250 626 000
Total Equity	75 088 000	95 687 000	82 062 000	64 412 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 175 000	7 847 000	10 737 000	13 612 000
Expenditure	13 687 000	16 522 000	16 637 000	23 220 000
Operating Profit	−6 512 000	−8 675 000	−5 901 000	−9 609 000
Financial Income	21 142 000	41 161 000	44 419 000	36 181 000
Financial Costs	22 828 000	6 961 000	14 186 000	9 550 000
Financial Balance	−1 686 000	34 200 000	30 233 000	26 631 000
Earnings Before Tax	−8 199 000	25 526 000	24 333 000	17 023 000
Tax	0	0	0	0
Net Income	−8 199 000	25 526 000	24 333 000	17 023 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	330 216 000	312 392 000	262 498 000	208 114 000
Total Current Assets	12 820 000	18 004 000	19 856 000	42 512 000
Total Assets	343 035 000	330 396 000	282 354 000	250 626 000
Total Retained Equity	74 924 000	95 523 000	81 898 000	64 248 000
Total Equity	75 088 000	95 687 000	82 062 000	64 412 000
Total Long-Term Debt	246 676 000	216 521 000	189 942 000	176 668 000
Total Current Debt	21 271 000	18 188 000	10 350 000	9 545 000
Total Equity and Debt	343 035 000	330 396 000	282 354 000	250 626 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	199 000	0	0	0
Other Income	6 976 000	7 847 000	10 737 000	13 612 000
Revenue	7 175 000	7 847 000	10 737 000	13 612 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 955 000	281 000	0	0
Depreciation	14 000	0	67 000	82 000
Impairment	0	0	0	0
Expenditure	13 687 000	16 522 000	16 637 000	23 220 000
Operating Profit	−6 512 000	−8 675 000	−5 901 000	−9 609 000
Financial Income	21 142 000	41 161 000	44 419 000	36 181 000
Financial Costs	22 828 000	6 961 000	14 186 000	9 550 000
Financial Balance	−1 686 000	34 200 000	30 233 000	26 631 000
Dividends	12 400 000	11 900 000	0	0
Net Income	−8 199 000	25 526 000	24 333 000	17 023 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	37 879 000	33 031 000	25 815 000	23 366 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	420 000	0	0	20 000
Total Tangible Assets	38 299 000	33 031 000	25 815 000	23 386 000
Total Fiancial Fixed Assets	291 917 000	279 361 000	236 683 000	184 728 000
Total Fixed Assets	330 216 000	312 392 000	262 498 000	208 114 000
Stock	1 578 000	437 000	568 000	623 000
Total Investments	0	0	0	489 000
Cash, Bank	853 000	161 000	1 013 000	3 384 000
Total Current Assets	12 820 000	18 004 000	19 856 000	42 512 000
Total Assets	343 035 000	330 396 000	282 354 000	250 626 000
Total Equity	75 088 000	95 687 000	82 062 000	64 412 000
Short-Term Group Debt	7 217 000	12 520 000	1 375 000	0
Total Long-Term Debt	246 676 000	216 521 000	189 942 000	176 668 000
Creditors	1 011 000	1 115 000	2 126 000	918 000
Unpaid Taxes	366 000	262 000	326 000	539 000
Dividends	12 400 000	11 900 000	0	0
Other Current Debt	12 677 000	4 290 000	6 523 000	8 088 000
Total Current Debt	21 271 000	18 188 000	10 350 000	9 545 000
Total Equity and Debt	343 035 000	330 396 000	282 354 000	250 626 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,92 %	26,68 %	29,65 %	26,43 %
Debt-to-Equity Ratio	3,29	2,26	2,31	2,74
Operating Profit Margin	−90,76 %	−110,55 %	−54,96 %	−70,59 %
Current Ratio	0,6	0,99	1,92	4,45
Quick Ratio	0,65	1,01	2,03	4,76
Equity Ratio	0,22	0,29	0,29	0,26
Gross Profit Margin	100 %	100 %	100 %	100 %