KURT HAUGEN AS

2838 SNERTINGDAL

Finances

Return on Equity

10,39 %

Current Ratio

2,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 255 000	4 511 000	3 783 000	4 993 000
Net Income	162 000	162 000	153 000	159 000
Total Assets	2 334 000	2 054 000	2 146 000	2 110 000
Total Equity	1 559 000	1 397 000	1 235 000	1 082 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 255 000	4 511 000	3 783 000	4 993 000
Expenditure	5 057 000	4 302 000	3 588 000	4 788 000
Operating Profit	197 000	209 000	195 000	204 000
Financial Income	13 000	2 000	7 000	13 000
Financial Costs	1 000	0	0	0
Financial Balance	12 000	2 000	7 000	13 000
Earnings Before Tax	209 000	211 000	202 000	217 000
Tax	47 000	48 000	49 000	58 000
Net Income	162 000	162 000	153 000	159 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	605 000	254 000	287 000	318 000
Total Current Assets	1 729 000	1 800 000	1 859 000	1 792 000
Total Assets	2 334 000	2 054 000	2 146 000	2 110 000
Total Retained Equity	1 529 000	1 367 000	1 205 000	1 052 000
Total Equity	1 559 000	1 397 000	1 235 000	1 082 000
Total Long-Term Debt	5 000	0	0	0
Total Current Debt	770 000	657 000	911 000	1 029 000
Total Equity and Debt	2 334 000	2 054 000	2 146 000	2 110 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 218 000	4 511 000	3 783 000	4 993 000
Other Income	37 000	0	0	0
Revenue	5 255 000	4 511 000	3 783 000	4 993 000
Cost of Goods Sold	3 953 000	3 381 000	2 666 000	3 885 000
Salary Costs	816 000	657 000	746 000	729 000
Depreciation	15 000	38 000	43 000	43 000
Impairment	0	0	0	0
Expenditure	5 057 000	4 302 000	3 588 000	4 788 000
Operating Profit	197 000	209 000	195 000	204 000
Financial Income	13 000	2 000	7 000	13 000
Financial Costs	1 000	0	0	0
Financial Balance	12 000	2 000	7 000	13 000
Dividends	0	0	0	0
Net Income	162 000	162 000	153 000	159 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	11 000	6 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	354 000	0	38 000	82 000
Total Tangible Assets	354 000	0	38 000	82 000
Total Fiancial Fixed Assets	252 000	243 000	243 000	236 000
Total Fixed Assets	605 000	254 000	287 000	318 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 370 000	1 380 000	1 366 000	597 000
Total Current Assets	1 729 000	1 800 000	1 859 000	1 792 000
Total Assets	2 334 000	2 054 000	2 146 000	2 110 000
Total Equity	1 559 000	1 397 000	1 235 000	1 082 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	0	0	0
Creditors	0	34 000	174 000	137 000
Unpaid Taxes	112 000	133 000	274 000	205 000
Dividends	0	0	0	0
Other Current Debt	627 000	437 000	409 000	625 000
Total Current Debt	770 000	657 000	911 000	1 029 000
Total Equity and Debt	2 334 000	2 054 000	2 146 000	2 110 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,39 %	11,6 %	12,39 %	14,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,75 %	4,63 %	5,15 %	4,09 %
Current Ratio	2,25	2,74	2,04	1,74
Quick Ratio	2,25	2,74	2,04	1,74
Equity Ratio	0,67	0,68	0,58	0,51
Gross Profit Margin	24,78 %	25,05 %	29,53 %	22,19 %