H & H KVASNES AS

6020 ÅLESUND

Finances

Share Ownership

Return on Equity

49,86 %

Current Ratio

2,47

Debt-to-Equity Ratio

−12,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	451 000	453 000	693 000	1 353 000
Net Income	−366 000	−206 000	−346 000	−1 000
Total Assets	10 463 000	10 594 000	10 436 000	9 254 000
Total Equity	−734 000	−368 000	−162 000	184 000

Income (NOK)	2022	2021	2020	2019
Revenue	451 000	453 000	693 000	1 353 000
Expenditure	495 000	430 000	812 000	1 204 000
Operating Profit	−45 000	23 000	−119 000	149 000
Financial Income	1 000	0	1 000	18 000
Financial Costs	426 000	287 000	326 000	169 000
Financial Balance	−425 000	−287 000	−325 000	−151 000
Earnings Before Tax	−470 000	−264 000	−443 000	−2 000
Tax	−103 000	−58 000	−97 000	0
Net Income	−366 000	−206 000	−346 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 630 000	4 784 000	4 607 000	8 547 000
Total Current Assets	5 833 000	5 810 000	5 829 000	707 000
Total Assets	10 463 000	10 594 000	10 436 000	9 254 000
Total Retained Equity	−834 000	−468 000	−262 000	84 000
Total Equity	−734 000	−368 000	−162 000	184 000
Total Long-Term Debt	8 836 000	9 000 000	9 000 000	6 528 000
Total Current Debt	2 361 000	1 962 000	1 598 000	2 543 000
Total Equity and Debt	10 463 000	10 594 000	10 436 000	9 254 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	451 000	453 000	693 000	1 353 000
Revenue	451 000	453 000	693 000	1 353 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	−1 000	488 000	1 052 000
Depreciation	257 000	248 000	134 000	10 000
Impairment	0	0	0	0
Expenditure	495 000	430 000	812 000	1 204 000
Operating Profit	−45 000	23 000	−119 000	149 000
Financial Income	1 000	0	1 000	18 000
Financial Costs	426 000	287 000	326 000	169 000
Financial Balance	−425 000	−287 000	−325 000	−151 000
Dividends	0	0	0	0
Net Income	−366 000	−206 000	−346 000	−1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	251 000	147 000	89 000	0
Real Eastate	4 364 000	4 619 000	4 518 000	8 547 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	18 000	0	0
Total Tangible Assets	4 379 000	4 637 000	4 518 000	8 547 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 630 000	4 784 000	4 607 000	8 547 000
Stock	5 683 000	5 683 000	5 683 000	0
Total Investments	0	0	0	0
Cash, Bank	130 000	107 000	80 000	109 000
Total Current Assets	5 833 000	5 810 000	5 829 000	707 000
Total Assets	10 463 000	10 594 000	10 436 000	9 254 000
Total Equity	−734 000	−368 000	−162 000	184 000
Short-Term Group Debt	2 264 000	1 889 000	1 329 000	90 000
Total Long-Term Debt	8 836 000	9 000 000	9 000 000	6 528 000
Creditors	16 000	8 000	177 000	2 265 000
Unpaid Taxes	14 000	25 000	7 000	72 000
Dividends	0	0	0	0
Other Current Debt	67 000	40 000	84 000	115 000
Total Current Debt	2 361 000	1 962 000	1 598 000	2 543 000
Total Equity and Debt	10 463 000	10 594 000	10 436 000	9 254 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,86 %	55,98 %	213,58 %	−0,54 %
Debt-to-Equity Ratio	−12,04	−24,46	−55,56	35,48
Operating Profit Margin	−9,98 %	5,08 %	−17,17 %	11,01 %
Current Ratio	2,47	2,96	3,65	0,28
Quick Ratio	−1,76	−1,56	−1,43	0,28
Equity Ratio	−0,07	−0,03	−0,02	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %