HÅNDVERKER RINGEN AS

2320 FURNES

Finances

Share Ownership

Return on Equity

38,69 %

Current Ratio

8,34

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 742 000	3 406 000	433 000	1 584 000
Net Income	818 000	692 000	98 000	92 000
Total Assets	2 561 000	1 959 000	1 038 000	1 176 000
Total Equity	2 114 000	1 295 000	604 000	655 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 742 000	3 406 000	433 000	1 584 000
Expenditure	5 681 000	2 519 000	308 000	1 465 000
Operating Profit	1 060 000	887 000	125 000	118 000
Financial Income	0	0	1 000	0
Financial Costs	11 000	0	0	0
Financial Balance	−11 000	0	1 000	0
Earnings Before Tax	1 049 000	887 000	126 000	118 000
Tax	231 000	195 000	28 000	26 000
Net Income	818 000	692 000	98 000	92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	359 000	74 000	3 000	6 000
Total Current Assets	2 202 000	1 885 000	1 035 000	1 170 000
Total Assets	2 561 000	1 959 000	1 038 000	1 176 000
Total Retained Equity	2 014 000	1 195 000	504 000	555 000
Total Equity	2 114 000	1 295 000	604 000	655 000
Total Long-Term Debt	184 000	230 000	284 000	355 000
Total Current Debt	264 000	433 000	150 000	165 000
Total Equity and Debt	2 561 000	1 959 000	1 038 000	1 176 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 742 000	3 406 000	433 000	1 584 000
Other Income	0	0	0	0
Revenue	6 742 000	3 406 000	433 000	1 584 000
Cost of Goods Sold	5 180 000	2 262 000	292 000	1 425 000
Salary Costs	0	0	0	0
Depreciation	32 000	7 000	3 000	3 000
Impairment	0	0	0	0
Expenditure	5 681 000	2 519 000	308 000	1 465 000
Operating Profit	1 060 000	887 000	125 000	118 000
Financial Income	0	0	1 000	0
Financial Costs	11 000	0	0	0
Financial Balance	−11 000	0	1 000	0
Dividends	0	0	0	0
Net Income	818 000	692 000	98 000	92 000

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	359 000	74 000	3 000	6 000
Fixtures	0	0	0	0
Total Tangible Assets	359 000	74 000	3 000	6 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	359 000	74 000	3 000	6 000
Stock	1 485 000	1 190 000	430 000	544 000
Total Investments	0	0	0	0
Cash, Bank	48 000	82 000	78 000	92 000
Total Current Assets	2 202 000	1 885 000	1 035 000	1 170 000
Total Assets	2 561 000	1 959 000	1 038 000	1 176 000
Total Equity	2 114 000	1 295 000	604 000	655 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	184 000	230 000	284 000	355 000
Creditors	19 000	41 000	3 000	4 000
Unpaid Taxes	−73 000	−8 000	0	0
Dividends	0	0	0	0
Other Current Debt	51 000	152 000	49 000	43 000
Total Current Debt	264 000	433 000	150 000	165 000
Total Equity and Debt	2 561 000	1 959 000	1 038 000	1 176 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,69 %	53,44 %	16,23 %	14,05 %
Debt-to-Equity Ratio	0,09	0,18	0,47	0,54
Operating Profit Margin	15,72 %	26,04 %	28,87 %	7,45 %
Current Ratio	8,34	4,35	6,9	7,09
Quick Ratio	−1,8	−2,49	−3,7	−3,09
Equity Ratio	0,83	0,66	0,58	0,56
Gross Profit Margin	23,17 %	33,59 %	32,56 %	10,04 %