HØVIK ELEKTRO AS

1363 HØVIK

Finances

Share Ownership

Return on Equity

−16,92 %

Current Ratio

2,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 137 000	3 853 000	3 295 000	2 339 000
Net Income	−178 000	489 000	186 000	58 000
Total Assets	1 556 000	2 111 000	1 257 000	865 000
Total Equity	1 052 000	1 230 000	741 000	555 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 137 000	3 853 000	3 295 000	2 339 000
Expenditure	3 311 000	3 225 000	3 012 000	2 265 000
Operating Profit	−174 000	627 000	283 000	74 000
Financial Income	0	0	0	0
Financial Costs	9 000	0	0	4 000
Financial Balance	−9 000	0	0	−4 000
Earnings Before Tax	−183 000	627 000	283 000	70 000
Tax	−6 000	138 000	97 000	12 000
Net Income	−178 000	489 000	186 000	58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	187 000	237 000	0	56 000
Total Current Assets	1 368 000	1 874 000	1 257 000	809 000
Total Assets	1 556 000	2 111 000	1 257 000	865 000
Total Retained Equity	948 000	1 126 000	637 000	451 000
Total Equity	1 052 000	1 230 000	741 000	555 000
Total Long-Term Debt	0	6 000	0	0
Total Current Debt	503 000	875 000	516 000	310 000
Total Equity and Debt	1 556 000	2 111 000	1 257 000	865 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 984 000	3 853 000	3 295 000	2 339 000
Other Income	153 000	0	0	0
Revenue	3 137 000	3 853 000	3 295 000	2 339 000
Cost of Goods Sold	1 079 000	1 153 000	1 047 000	719 000
Salary Costs	1 725 000	1 609 000	1 247 000	1 127 000
Depreciation	50 000	11 000	0	0
Impairment	0	0	0	0
Expenditure	3 311 000	3 225 000	3 012 000	2 265 000
Operating Profit	−174 000	627 000	283 000	74 000
Financial Income	0	0	0	0
Financial Costs	9 000	0	0	4 000
Financial Balance	−9 000	0	0	−4 000
Dividends	0	0	0	0
Net Income	−178 000	489 000	186 000	58 000

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	0	0	0	0
Fixtures	187 000	237 000	0	0
Total Tangible Assets	187 000	237 000	0	0
Total Fiancial Fixed Assets	0	0	0	56 000
Total Fixed Assets	187 000	237 000	0	56 000
Stock	61 000	33 000	112 000	23 000
Total Investments	0	0	0	0
Cash, Bank	336 000	974 000	733 000	538 000
Total Current Assets	1 368 000	1 874 000	1 257 000	809 000
Total Assets	1 556 000	2 111 000	1 257 000	865 000
Total Equity	1 052 000	1 230 000	741 000	555 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	6 000	0	0
Creditors	124 000	261 000	136 000	−15 000
Unpaid Taxes	223 000	330 000	170 000	170 000
Dividends	0	0	0	0
Other Current Debt	156 000	151 000	113 000	93 000
Total Current Debt	503 000	875 000	516 000	310 000
Total Equity and Debt	1 556 000	2 111 000	1 257 000	865 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,92 %	39,76 %	25,1 %	10,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,55 %	16,27 %	8,59 %	3,16 %
Current Ratio	2,72	2,14	2,44	2,61
Quick Ratio	3,1	2,23	3,11	2,82
Equity Ratio	0,68	0,58	0,59	0,64
Gross Profit Margin	65,6 %	70,08 %	68,22 %	69,26 %