T. HOVLAND AS

3370 VIKERSUND

Finances

Share Ownership

Return on Equity

2,05 %

Current Ratio

0,65

Debt-to-Equity Ratio

−0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 597 000	3 477 000	3 439 000	3 654 000
Net Income	−9 000	−560 000	−43 000	−197 000
Total Assets	1 827 000	1 243 000	967 000	1 254 000
Total Equity	−440 000	−431 000	129 000	172 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 597 000	3 477 000	3 439 000	3 654 000
Expenditure	5 539 000	3 994 000	3 450 000	3 835 000
Operating Profit	58 000	−518 000	−10 000	−181 000
Financial Income	0	0	0	14 000
Financial Costs	66 000	59 000	44 000	53 000
Financial Balance	−66 000	−59 000	−44 000	−39 000
Earnings Before Tax	−9 000	−578 000	−54 000	−220 000
Tax	0	−17 000	−11 000	−23 000
Net Income	−9 000	−560 000	−43 000	−197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	376 000	198 000	288 000	585 000
Total Current Assets	1 450 000	1 045 000	679 000	669 000
Total Assets	1 827 000	1 243 000	967 000	1 254 000
Total Retained Equity	−540 000	−531 000	29 000	72 000
Total Equity	−440 000	−431 000	129 000	172 000
Total Long-Term Debt	37 000	222 000	219 000	337 000
Total Current Debt	2 229 000	1 452 000	620 000	745 000
Total Equity and Debt	1 827 000	1 243 000	967 000	1 254 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 597 000	3 477 000	3 133 000	3 654 000
Other Income	0	0	306 000	0
Revenue	5 597 000	3 477 000	3 439 000	3 654 000
Cost of Goods Sold	32 000	38 000	105 000	54 000
Salary Costs	1 678 000	1 200 000	1 049 000	849 000
Depreciation	85 000	90 000	193 000	213 000
Impairment	0	0	0	0
Expenditure	5 539 000	3 994 000	3 450 000	3 835 000
Operating Profit	58 000	−518 000	−10 000	−181 000
Financial Income	0	0	0	14 000
Financial Costs	66 000	59 000	44 000	53 000
Financial Balance	−66 000	−59 000	−44 000	−39 000
Dividends	0	0	0	0
Net Income	−9 000	−560 000	−43 000	−197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	56 000	111 000	165 000	219 000
Fixtures	320 000	87 000	123 000	316 000
Total Tangible Assets	376 000	198 000	288 000	535 000
Total Fiancial Fixed Assets	0	0	0	50 000
Total Fixed Assets	376 000	198 000	288 000	585 000
Stock	4 000	4 000	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	4 000	5 000	28 000
Total Current Assets	1 450 000	1 045 000	679 000	669 000
Total Assets	1 827 000	1 243 000	967 000	1 254 000
Total Equity	−440 000	−431 000	129 000	172 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	37 000	222 000	219 000	337 000
Creditors	788 000	753 000	143 000	271 000
Unpaid Taxes	1 017 000	260 000	219 000	147 000
Dividends	0	0	0	0
Other Current Debt	239 000	170 000	203 000	114 000
Total Current Debt	2 229 000	1 452 000	620 000	745 000
Total Equity and Debt	1 827 000	1 243 000	967 000	1 254 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,05 %	129,93 %	−33,33 %	−114,53 %
Debt-to-Equity Ratio	−0,08	−0,52	1,7	1,96
Operating Profit Margin	1,04 %	−14,9 %	−0,29 %	−4,95 %
Current Ratio	0,65	0,72	1,1	0,9
Quick Ratio	0,65	0,72	1,1	0,9
Equity Ratio	−0,24	−0,35	0,13	0,14
Gross Profit Margin	99,43 %	98,91 %	96,95 %	98,52 %