HØGLUND POWER SOLUTIONS AS

3124 TØNSBERG

Finances

Share Ownership

Return on Equity

3,78 %

Current Ratio

1,57

Debt-to-Equity Ratio

−1,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	385 000	395 000	0	207 000
Net Income	−185 000	196 000	−326 000	−602 000
Total Assets	175 000	563 000	549 000	793 000
Total Equity	−4 893 000	−4 708 000	−4 904 000	−4 578 000

Income (NOK)	2022	2021	2020	2019
Revenue	385 000	395 000	0	207 000
Expenditure	569 000	200 000	326 000	708 000
Operating Profit	−185 000	196 000	−326 000	−502 000
Financial Income	0	0	0	9 000
Financial Costs	0	0	0	109 000
Financial Balance	0	0	0	−100 000
Earnings Before Tax	−185 000	196 000	−326 000	−602 000
Tax	0	0	0	0
Net Income	−185 000	196 000	−326 000	−602 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 000	11 000	24 000	59 000
Total Current Assets	170 000	552 000	525 000	733 000
Total Assets	175 000	563 000	549 000	793 000
Total Retained Equity	−4 993 000	−4 808 000	−5 004 000	−4 678 000
Total Equity	−4 893 000	−4 708 000	−4 904 000	−4 578 000
Total Long-Term Debt	4 961 000	5 258 000	5 438 000	5 311 000
Total Current Debt	108 000	13 000	15 000	60 000
Total Equity and Debt	175 000	563 000	549 000	793 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	120 000
Other Income	385 000	395 000	0	87 000
Revenue	385 000	395 000	0	207 000
Cost of Goods Sold	4 000	121 000	2 000	34 000
Salary Costs	0	0	0	0
Depreciation	5 000	13 000	36 000	325 000
Impairment	0	0	0	0
Expenditure	569 000	200 000	326 000	708 000
Operating Profit	−185 000	196 000	−326 000	−502 000
Financial Income	0	0	0	9 000
Financial Costs	0	0	0	109 000
Financial Balance	0	0	0	−100 000
Dividends	0	0	0	0
Net Income	−185 000	196 000	−326 000	−602 000

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	6 000	11 000	24 000	54 000
Fixtures	0	0	0	5 000
Total Tangible Assets	6 000	11 000	24 000	59 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 000	11 000	24 000	59 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 000	76 000	60 000	56 000
Total Current Assets	170 000	552 000	525 000	733 000
Total Assets	175 000	563 000	549 000	793 000
Total Equity	−4 893 000	−4 708 000	−4 904 000	−4 578 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 961 000	5 258 000	5 438 000	5 311 000
Creditors	7 000	2 000	0	5 000
Unpaid Taxes	1 000	11 000	1 000	1 000
Dividends	0	0	0	0
Other Current Debt	100 000	0	14 000	53 000
Total Current Debt	108 000	13 000	15 000	60 000
Total Equity and Debt	175 000	563 000	549 000	793 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,78 %	−4,16 %	6,65 %	13,15 %
Debt-to-Equity Ratio	−1,01	−1,12	−1,11	−1,16
Operating Profit Margin	−48,05 %	49,62 %	-	−242,51 %
Current Ratio	1,57	42,46	35	12,22
Quick Ratio	1,57	42,46	35	12,22
Equity Ratio	−27,96	−8,36	−8,93	−5,77
Gross Profit Margin	98,96 %	69,37 %	-	83,57 %