HEDGES ENTERPRISE AS

1395 HVALSTAD

Finances

Return on Equity

18,71 %

Current Ratio

1,15

Debt-to-Equity Ratio

0,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 488 000	3 388 000	2 679 000	2 325 000
Net Income	1 600 000	1 250 000	659 000	441 000
Total Assets	18 539 000	13 952 000	12 510 000	12 314 000
Total Equity	8 551 000	7 951 000	6 701 000	6 041 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 488 000	3 388 000	2 679 000	2 325 000
Expenditure	2 243 000	1 639 000	1 640 000	1 561 000
Operating Profit	2 245 000	1 750 000	1 040 000	764 000
Financial Income	22 000	5 000	7 000	6 000
Financial Costs	215 000	151 000	199 000	204 000
Financial Balance	−193 000	−146 000	−192 000	−198 000
Earnings Before Tax	2 053 000	1 604 000	848 000	566 000
Tax	453 000	353 000	189 000	124 000
Net Income	1 600 000	1 250 000	659 000	441 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 043 000	10 146 000	9 843 000	9 951 000
Total Current Assets	2 496 000	3 436 000	2 667 000	2 199 000
Total Assets	18 539 000	13 952 000	12 510 000	12 314 000
Total Retained Equity	8 442 000	7 842 000	6 592 000	5 932 000
Total Equity	8 551 000	7 951 000	6 701 000	6 041 000
Total Long-Term Debt	7 822 000	5 220 000	5 297 000	5 718 000
Total Current Debt	2 166 000	781 000	512 000	555 000
Total Equity and Debt	18 539 000	13 952 000	12 510 000	12 314 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 083 000	2 668 000	2 300 000	1 946 000
Other Income	405 000	721 000	379 000	379 000
Revenue	4 488 000	3 388 000	2 679 000	2 325 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 429 000	996 000	900 000	869 000
Depreciation	0	28 000	175 000	175 000
Impairment	0	0	0	0
Expenditure	2 243 000	1 639 000	1 640 000	1 561 000
Operating Profit	2 245 000	1 750 000	1 040 000	764 000
Financial Income	22 000	5 000	7 000	6 000
Financial Costs	215 000	151 000	199 000	204 000
Financial Balance	−193 000	−146 000	−192 000	−198 000
Dividends	1 000 000	0	0	0
Net Income	1 600 000	1 250 000	659 000	441 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	12 578 000	7 571 000	7 571 000	7 504 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	94 000	624 000	321 000	496 000
Total Tangible Assets	12 672 000	8 196 000	7 892 000	8 000 000
Total Fiancial Fixed Assets	3 371 000	1 951 000	1 951 000	1 951 000
Total Fixed Assets	16 043 000	10 146 000	9 843 000	9 951 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 582 000	1 223 000	1 372 000	1 004 000
Total Current Assets	2 496 000	3 436 000	2 667 000	2 199 000
Total Assets	18 539 000	13 952 000	12 510 000	12 314 000
Total Equity	8 551 000	7 951 000	6 701 000	6 041 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 822 000	5 220 000	5 297 000	5 718 000
Creditors	93 000	26 000	24 000	6 000
Unpaid Taxes	332 000	294 000	82 000	71 000
Dividends	1 000 000	0	0	0
Other Current Debt	314 000	225 000	162 000	175 000
Total Current Debt	2 166 000	781 000	512 000	555 000
Total Equity and Debt	18 539 000	13 952 000	12 510 000	12 314 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,71 %	15,72 %	9,83 %	7,3 %
Debt-to-Equity Ratio	0,91	0,66	0,79	0,95
Operating Profit Margin	50,02 %	51,65 %	38,82 %	32,86 %
Current Ratio	1,15	4,4	5,21	3,96
Quick Ratio	1,15	4,4	5,21	3,96
Equity Ratio	0,46	0,57	0,54	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %