HG ELEKTRO AS

6060 HAREID

Finances

Return on Equity

13,85 %

Current Ratio

1,36

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	59 805 000	49 842 000	66 454 000	59 238 000
Net Income	1 336 000	1 136 000	4 200 000	137 000
Total Assets	39 523 000	31 115 000	32 633 000	24 260 000
Total Equity	9 644 000	10 199 000	9 664 000	5 463 000

Income (NOK)	2022	2021	2020	2019
Revenue	59 805 000	49 842 000	66 454 000	59 238 000
Expenditure	57 942 000	48 443 000	60 760 000	58 843 000
Operating Profit	1 862 000	1 399 000	5 694 000	394 000
Financial Income	131 000	244 000	33 000	71 000
Financial Costs	274 000	234 000	333 000	277 000
Financial Balance	−143 000	10 000	−300 000	−206 000
Earnings Before Tax	1 720 000	1 409 000	5 394 000	188 000
Tax	384 000	274 000	1 193 000	51 000
Net Income	1 336 000	1 136 000	4 200 000	137 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 579 000	7 867 000	3 467 000	5 120 000
Total Current Assets	32 945 000	23 248 000	29 166 000	19 140 000
Total Assets	39 523 000	31 115 000	32 633 000	24 260 000
Total Retained Equity	0	5 087 000	4 551 000	351 000
Total Equity	9 644 000	10 199 000	9 664 000	5 463 000
Total Long-Term Debt	5 609 000	5 717 000	6 192 000	6 262 000
Total Current Debt	24 271 000	15 199 000	16 777 000	12 535 000
Total Equity and Debt	39 523 000	31 115 000	32 633 000	24 260 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	59 795 000	49 989 000	60 749 000	58 918 000
Other Income	10 000	−147 000	5 705 000	320 000
Revenue	59 805 000	49 842 000	66 454 000	59 238 000
Cost of Goods Sold	25 526 000	19 698 000	23 433 000	18 010 000
Salary Costs	24 112 000	20 903 000	28 189 000	31 597 000
Depreciation	522 000	697 000	831 000	850 000
Impairment	0	0	0	0
Expenditure	57 942 000	48 443 000	60 760 000	58 843 000
Operating Profit	1 862 000	1 399 000	5 694 000	394 000
Financial Income	131 000	244 000	33 000	71 000
Financial Costs	274 000	234 000	333 000	277 000
Financial Balance	−143 000	10 000	−300 000	−206 000
Dividends	0	0	0	0
Net Income	1 336 000	1 136 000	4 200 000	137 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	92 000	192 000	292 000	392 000
Total Intangible Assets	92 000	1 844 000	2 217 000	3 511 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	10 000	18 000	34 000	147 000
Fixtures	1 673 000	1 205 000	1 216 000	1 463 000
Total Tangible Assets	1 683 000	1 224 000	1 250 000	1 609 000
Total Fiancial Fixed Assets	4 804 000	4 800 000	0	0
Total Fixed Assets	6 579 000	7 867 000	3 467 000	5 120 000
Stock	1 904 000	1 577 000	1 112 000	2 151 000
Total Investments	0	0	0	0
Cash, Bank	6 598 000	9 057 000	10 053 000	3 107 000
Total Current Assets	32 945 000	23 248 000	29 166 000	19 140 000
Total Assets	39 523 000	31 115 000	32 633 000	24 260 000
Total Equity	9 644 000	10 199 000	9 664 000	5 463 000
Short-Term Group Debt	9 199 000	600 000	358 000	344 000
Total Long-Term Debt	5 609 000	5 717 000	6 192 000	6 262 000
Creditors	5 236 000	4 447 000	4 922 000	4 152 000
Unpaid Taxes	4 586 000	4 151 000	5 123 000	4 037 000
Dividends	0	0	0	0
Other Current Debt	5 250 000	6 001 000	6 374 000	4 002 000
Total Current Debt	24 271 000	15 199 000	16 777 000	12 535 000
Total Equity and Debt	39 523 000	31 115 000	32 633 000	24 260 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,85 %	11,14 %	43,46 %	2,51 %
Debt-to-Equity Ratio	0,58	0,56	0,64	1,15
Operating Profit Margin	3,11 %	2,81 %	8,57 %	0,67 %
Current Ratio	1,36	1,53	1,74	1,53
Quick Ratio	1,47	1,71	1,86	1,84
Equity Ratio	0,24	0,33	0,3	0,23
Gross Profit Margin	57,32 %	60,48 %	64,74 %	69,6 %