HAPPY HORSES AS

2016 FROGNER

Finances

Share Ownership

Return on Equity

9,74 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	400 000	0
Net Income	−469 000	−348 000	4 000	−658 000
Total Assets	544 000	319 000	576 000	253 000
Total Equity	−4 816 000	−4 347 000	−4 000 000	−4 003 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	400 000	0
Expenditure	602 000	426 000	396 000	659 000
Operating Profit	−602 000	−426 000	4 000	−658 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	16 000	0	0
Financial Balance	1 000	−16 000	1 000	1 000
Earnings Before Tax	−601 000	−441 000	5 000	−658 000
Tax	−132 000	−94 000	1 000	0
Net Income	−469 000	−348 000	4 000	−658 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	225 000	93 000	0	0
Total Current Assets	319 000	226 000	576 000	253 000
Total Assets	544 000	319 000	576 000	253 000
Total Retained Equity	−5 116 000	−4 647 000	−4 300 000	−4 303 000
Total Equity	−4 816 000	−4 347 000	−4 000 000	−4 003 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	5 360 000	4 666 000	4 575 000	4 256 000
Total Equity and Debt	544 000	319 000	576 000	253 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	400 000	0
Other Income	0	0	0	0
Revenue	0	0	400 000	0
Cost of Goods Sold	592 000	416 000	381 000	647 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	602 000	426 000	396 000	659 000
Operating Profit	−602 000	−426 000	4 000	−658 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	16 000	0	0
Financial Balance	1 000	−16 000	1 000	1 000
Dividends	0	0	0	0
Net Income	−469 000	−348 000	4 000	−658 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	225 000	93 000	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	0	0	0	0
Total Fixed Assets	225 000	93 000	0	0
Stock	191 000	191 000	191 000	191 000
Total Investments	0	0	0	0
Cash, Bank	128 000	35 000	185 000	62 000
Total Current Assets	319 000	226 000	576 000	253 000
Total Assets	544 000	319 000	576 000	253 000
Total Equity	−4 816 000	−4 347 000	−4 000 000	−4 003 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	130 000	79 000	−49 000	16 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 230 000	4 588 000	4 624 000	4 241 000
Total Current Debt	5 360 000	4 666 000	4 575 000	4 256 000
Total Equity and Debt	544 000	319 000	576 000	253 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,74 %	8,01 %	−0,1 %	16,44 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	-	-	1 %	-
Current Ratio	0,06	0,05	0,13	0,06
Quick Ratio	0,06	0,05	0,13	0,06
Equity Ratio	−8,85	−13,63	−6,94	−15,82
Gross Profit Margin	-	-	4,75 %	-