HARNES GRUPPEN AS

4847 ARENDAL

Finances

Share Ownership

Return on Equity

−42,86 %

Current Ratio

3,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	79 000	2 259 000	8 294 000	25 385 000
Net Income	−288 000	−411 000	313 000	1 383 000
Total Assets	847 000	3 443 000	4 889 000	7 433 000
Total Equity	672 000	1 102 000	3 000 000	2 688 000

Income (NOK)	2022	2021	2020	2019
Revenue	79 000	2 259 000	8 294 000	25 385 000
Expenditure	368 000	2 597 000	7 800 000	23 526 000
Operating Profit	−288 000	−339 000	493 000	1 858 000
Financial Income	0	2 000	8 000	9 000
Financial Costs	0	75 000	70 000	63 000
Financial Balance	0	−73 000	−62 000	−54 000
Earnings Before Tax	−288 000	−411 000	431 000	1 804 000
Tax	0	0	118 000	421 000
Net Income	−288 000	−411 000	313 000	1 383 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	300 000	474 000	2 077 000	2 323 000
Total Current Assets	548 000	2 969 000	2 812 000	5 110 000
Total Assets	847 000	3 443 000	4 889 000	7 433 000
Total Retained Equity	611 000	1 041 000	2 810 000	2 498 000
Total Equity	672 000	1 102 000	3 000 000	2 688 000
Total Long-Term Debt	0	0	1 203 000	1 133 000
Total Current Debt	176 000	2 341 000	686 000	3 613 000
Total Equity and Debt	847 000	3 443 000	4 889 000	7 433 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	79 000	2 039 000	8 076 000	25 120 000
Other Income	0	220 000	218 000	265 000
Revenue	79 000	2 259 000	8 294 000	25 385 000
Cost of Goods Sold	5 000	1 205 000	5 904 000	21 836 000
Salary Costs	46 000	686 000	1 075 000	851 000
Depreciation	153 000	192 000	305 000	277 000
Impairment	22 000	0	0	0
Expenditure	368 000	2 597 000	7 800 000	23 526 000
Operating Profit	−288 000	−339 000	493 000	1 858 000
Financial Income	0	2 000	8 000	9 000
Financial Costs	0	75 000	70 000	63 000
Financial Balance	0	−73 000	−62 000	−54 000
Dividends	142 000	0	0	600 000
Net Income	−288 000	−411 000	313 000	1 383 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	1 522 000	1 624 000
Machinery and Plant Facilities	279 000	400 000	420 000	545 000
Fixtures	21 000	74 000	106 000	93 000
Total Tangible Assets	300 000	474 000	2 048 000	2 263 000
Total Fiancial Fixed Assets	0	0	29 000	61 000
Total Fixed Assets	300 000	474 000	2 077 000	2 323 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	327 000	104 000	1 835 000	856 000
Total Current Assets	548 000	2 969 000	2 812 000	5 110 000
Total Assets	847 000	3 443 000	4 889 000	7 433 000
Total Equity	672 000	1 102 000	3 000 000	2 688 000
Short-Term Group Debt	0	2 279 000	0	50 000
Total Long-Term Debt	0	0	1 203 000	1 133 000
Creditors	11 000	2 000	208 000	2 004 000
Unpaid Taxes	18 000	42 000	232 000	472 000
Dividends	142 000	0	0	600 000
Other Current Debt	4 000	18 000	128 000	77 000
Total Current Debt	176 000	2 341 000	686 000	3 613 000
Total Equity and Debt	847 000	3 443 000	4 889 000	7 433 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−42,86 %	−37,3 %	10,43 %	51,45 %
Debt-to-Equity Ratio	0	0	0,4	0,42
Operating Profit Margin	−364,56 %	−15,01 %	5,94 %	7,32 %
Current Ratio	3,11	1,27	4,1	1,41
Quick Ratio	3,11	1,27	4,1	1,41
Equity Ratio	0,79	0,32	0,61	0,36
Gross Profit Margin	93,67 %	46,66 %	28,82 %	13,98 %