HAY NORWAY AS

0351 OSLO

Finances

Share Ownership

Return on Equity

26,78 %

Current Ratio

2,83

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 695 000	8 935 000	3 264 000	8 178 000
Net Income	1 717 000	2 051 000	235 000	1 306 000
Total Assets	9 771 000	6 309 000	3 809 000	3 350 000
Total Equity	6 411 000	4 694 000	2 643 000	2 526 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 695 000	8 935 000	3 264 000	8 178 000
Expenditure	8 485 000	6 703 000	3 027 000	6 871 000
Operating Profit	2 210 000	2 232 000	238 000	1 307 000
Financial Income	2 000	0	3 000	3 000
Financial Costs	10 000	10 000	5 000	4 000
Financial Balance	−8 000	−10 000	−2 000	−1 000
Earnings Before Tax	2 202 000	2 222 000	235 000	1 306 000
Tax	484 000	171 000	0	0
Net Income	1 717 000	2 051 000	235 000	1 306 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	270 000	430 000	344 000	389 000
Total Current Assets	9 502 000	5 879 000	3 466 000	2 961 000
Total Assets	9 771 000	6 309 000	3 809 000	3 350 000
Total Retained Equity	4 311 000	2 594 000	543 000	426 000
Total Equity	6 411 000	4 694 000	2 643 000	2 526 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 360 000	1 615 000	1 166 000	825 000
Total Equity and Debt	9 771 000	6 309 000	3 809 000	3 350 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 695 000	8 935 000	3 264 000	7 432 000
Other Income	0	0	0	746 000
Revenue	10 695 000	8 935 000	3 264 000	8 178 000
Cost of Goods Sold	326 000	571 000	145 000	290 000
Salary Costs	4 821 000	4 115 000	1 797 000	3 890 000
Depreciation	109 000	109 000	45 000	89 000
Impairment	0	0	0	0
Expenditure	8 485 000	6 703 000	3 027 000	6 871 000
Operating Profit	2 210 000	2 232 000	238 000	1 307 000
Financial Income	2 000	0	3 000	3 000
Financial Costs	10 000	10 000	5 000	4 000
Financial Balance	−8 000	−10 000	−2 000	−1 000
Dividends	0	0	117 000	0
Net Income	1 717 000	2 051 000	235 000	1 306 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	168 000	219 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	97 000	206 000	315 000	360 000
Total Tangible Assets	97 000	206 000	315 000	360 000
Total Fiancial Fixed Assets	5 000	5 000	29 000	29 000
Total Fixed Assets	270 000	430 000	344 000	389 000
Stock	0	0	0	68 000
Total Investments	0	0	0	0
Cash, Bank	5 814 000	3 077 000	1 234 000	882 000
Total Current Assets	9 502 000	5 879 000	3 466 000	2 961 000
Total Assets	9 771 000	6 309 000	3 809 000	3 350 000
Total Equity	6 411 000	4 694 000	2 643 000	2 526 000
Short-Term Group Debt	0	0	0	2 000
Total Long-Term Debt	0	0	0	0
Creditors	1 498 000	74 000	30 000	49 000
Unpaid Taxes	123 000	207 000	278 000	251 000
Dividends	0	0	117 000	0
Other Current Debt	915 000	943 000	740 000	524 000
Total Current Debt	3 360 000	1 615 000	1 166 000	825 000
Total Equity and Debt	9 771 000	6 309 000	3 809 000	3 350 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,78 %	43,69 %	8,89 %	51,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,66 %	24,98 %	7,29 %	15,98 %
Current Ratio	2,83	3,64	2,97	3,59
Quick Ratio	2,83	3,64	2,97	3,91
Equity Ratio	0,66	0,74	0,69	0,75
Gross Profit Margin	96,95 %	93,61 %	95,56 %	96,45 %