MH UTVIKLING AS

3803 BØ I TELEMARK

Finances

Share Ownership

Return on Equity

16,22 %

Current Ratio

0,57

Debt-to-Equity Ratio

1,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	619 000	494 000	468 000	368 000
Net Income	229 000	212 000	64 000	108 000
Total Assets	4 084 000	4 129 000	4 422 000	3 880 000
Total Equity	1 412 000	1 182 000	970 000	906 000

Income (NOK)	2022	2021	2020	2019
Revenue	619 000	494 000	468 000	368 000
Expenditure	230 000	176 000	251 000	204 000
Operating Profit	389 000	318 000	217 000	164 000
Financial Income	0	0	0	0
Financial Costs	95 000	83 000	97 000	30 000
Financial Balance	−95 000	−83 000	−97 000	−30 000
Earnings Before Tax	294 000	235 000	119 000	134 000
Tax	65 000	23 000	55 000	26 000
Net Income	229 000	212 000	64 000	108 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 003 000	4 064 000	4 125 000	3 467 000
Total Current Assets	81 000	65 000	297 000	413 000
Total Assets	4 084 000	4 129 000	4 422 000	3 880 000
Total Retained Equity	1 112 000	882 000	670 000	606 000
Total Equity	1 412 000	1 182 000	970 000	906 000
Total Long-Term Debt	2 531 000	2 848 000	3 237 000	1 195 000
Total Current Debt	142 000	98 000	214 000	1 779 000
Total Equity and Debt	4 084 000	4 129 000	4 422 000	3 880 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	7 000	0
Other Income	619 000	494 000	461 000	368 000
Revenue	619 000	494 000	468 000	368 000
Cost of Goods Sold	0	0	0	0
Salary Costs	49 000	37 000	38 000	31 000
Depreciation	61 000	61 000	61 000	43 000
Impairment	0	0	0	0
Expenditure	230 000	176 000	251 000	204 000
Operating Profit	389 000	318 000	217 000	164 000
Financial Income	0	0	0	0
Financial Costs	95 000	83 000	97 000	30 000
Financial Balance	−95 000	−83 000	−97 000	−30 000
Dividends	0	0	0	0
Net Income	229 000	212 000	64 000	108 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 003 000	4 064 000	4 125 000	3 467 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 003 000	4 064 000	4 125 000	3 467 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 003 000	4 064 000	4 125 000	3 467 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	34 000	148 000	54 000
Total Current Assets	81 000	65 000	297 000	413 000
Total Assets	4 084 000	4 129 000	4 422 000	3 880 000
Total Equity	1 412 000	1 182 000	970 000	906 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 531 000	2 848 000	3 237 000	1 195 000
Creditors	6 000	10 000	0	1 750 000
Unpaid Taxes	66 000	33 000	3 000	0
Dividends	0	0	0	0
Other Current Debt	2 000	0	145 000	0
Total Current Debt	142 000	98 000	214 000	1 779 000
Total Equity and Debt	4 084 000	4 129 000	4 422 000	3 880 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,22 %	17,94 %	6,6 %	11,92 %
Debt-to-Equity Ratio	1,79	2,41	3,34	1,32
Operating Profit Margin	62,84 %	64,37 %	46,37 %	44,57 %
Current Ratio	0,57	0,66	1,39	0,23
Quick Ratio	0,57	0,66	1,39	0,23
Equity Ratio	0,35	0,29	0,22	0,23
Gross Profit Margin	100 %	100 %	100 %	100 %