HØGSVEEN MASKIN AS

3270 LARVIK

Finances

Share Ownership

Return on Equity

15,27 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 449 000	3 449 000	4 560 000	3 240 000
Net Income	115 000	−52 000	72 000	−104 000
Total Assets	2 090 000	1 802 000	2 185 000	1 659 000
Total Equity	753 000	638 000	689 000	618 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 449 000	3 449 000	4 560 000	3 240 000
Expenditure	4 322 000	3 492 000	4 472 000	3 338 000
Operating Profit	127 000	−42 000	87 000	−99 000
Financial Income	5 000	4 000	5 000	0
Financial Costs	17 000	14 000	21 000	5 000
Financial Balance	−12 000	−10 000	−16 000	−5 000
Earnings Before Tax	115 000	−52 000	72 000	−104 000
Tax	0	0	0	0
Net Income	115 000	−52 000	72 000	−104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	214 000	316 000	425 000	58 000
Total Current Assets	1 875 000	1 485 000	1 760 000	1 602 000
Total Assets	2 090 000	1 802 000	2 185 000	1 659 000
Total Retained Equity	653 000	538 000	589 000	518 000
Total Equity	753 000	638 000	689 000	618 000
Total Long-Term Debt	195 000	267 000	338 000	0
Total Current Debt	1 142 000	897 000	1 158 000	1 041 000
Total Equity and Debt	2 090 000	1 802 000	2 185 000	1 659 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 449 000	3 449 000	4 452 000	3 240 000
Other Income	0	0	108 000	0
Revenue	4 449 000	3 449 000	4 560 000	3 240 000
Cost of Goods Sold	2 116 000	1 337 000	2 371 000	1 333 000
Salary Costs	1 747 000	1 689 000	1 588 000	1 650 000
Depreciation	102 000	109 000	68 000	27 000
Impairment	0	0	0	0
Expenditure	4 322 000	3 492 000	4 472 000	3 338 000
Operating Profit	127 000	−42 000	87 000	−99 000
Financial Income	5 000	4 000	5 000	0
Financial Costs	17 000	14 000	21 000	5 000
Financial Balance	−12 000	−10 000	−16 000	−5 000
Dividends	0	0	0	0
Net Income	115 000	−52 000	72 000	−104 000

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	12 000	32 000	58 000
Fixtures	214 000	304 000	393 000	0
Total Tangible Assets	214 000	316 000	425 000	58 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	214 000	316 000	425 000	58 000
Stock	633 000	349 000	250 000	320 000
Total Investments	0	0	0	0
Cash, Bank	1 156 000	686 000	475 000	1 206 000
Total Current Assets	1 875 000	1 485 000	1 760 000	1 602 000
Total Assets	2 090 000	1 802 000	2 185 000	1 659 000
Total Equity	753 000	638 000	689 000	618 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	195 000	267 000	338 000	0
Creditors	567 000	375 000	706 000	1 039 000
Unpaid Taxes	450 000	395 000	321 000	−131 000
Dividends	0	0	0	0
Other Current Debt	126 000	127 000	131 000	133 000
Total Current Debt	1 142 000	897 000	1 158 000	1 041 000
Total Equity and Debt	2 090 000	1 802 000	2 185 000	1 659 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,27 %	−8,15 %	10,45 %	−16,83 %
Debt-to-Equity Ratio	0,26	0,42	0,49	0
Operating Profit Margin	2,85 %	−1,22 %	1,91 %	−3,06 %
Current Ratio	1,64	1,66	1,52	1,54
Quick Ratio	3,68	2,71	1,94	2,22
Equity Ratio	0,36	0,35	0,32	0,37
Gross Profit Margin	52,44 %	61,24 %	48 %	58,86 %