HORISONTAL BORING AS

3089 HOLMESTRAND

Finances

Share Ownership

Return on Equity

49,38 %

Current Ratio

1,67

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 361 000	8 090 000	8 923 000	5 691 000
Net Income	1 904 000	2 617 000	2 559 000	1 516 000
Total Assets	7 998 000	7 145 000	7 385 000	5 883 000
Total Equity	3 856 000	3 952 000	5 334 000	3 775 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 361 000	8 090 000	8 923 000	5 691 000
Expenditure	4 919 000	4 734 000	5 641 000	3 749 000
Operating Profit	2 443 000	3 356 000	3 281 000	1 943 000
Financial Income	0	0	1 000	2 000
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	0	1 000
Earnings Before Tax	2 442 000	3 356 000	3 281 000	1 943 000
Tax	538 000	738 000	722 000	428 000
Net Income	1 904 000	2 617 000	2 559 000	1 516 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 178 000	1 281 000	2 216 000	1 412 000
Total Current Assets	6 820 000	5 865 000	5 169 000	4 471 000
Total Assets	7 998 000	7 145 000	7 385 000	5 883 000
Total Retained Equity	3 741 000	3 837 000	5 219 000	3 660 000
Total Equity	3 856 000	3 952 000	5 334 000	3 775 000
Total Long-Term Debt	52 000	40 000	83 000	47 000
Total Current Debt	4 090 000	3 154 000	1 968 000	2 061 000
Total Equity and Debt	7 998 000	7 145 000	7 385 000	5 883 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 361 000	8 046 000	8 923 000	5 691 000
Other Income	0	44 000	0	0
Revenue	7 361 000	8 090 000	8 923 000	5 691 000
Cost of Goods Sold	3 261 000	3 221 000	3 676 000	2 542 000
Salary Costs	0	0	0	0
Depreciation	290 000	324 000	323 000	152 000
Impairment	0	0	0	0
Expenditure	4 919 000	4 734 000	5 641 000	3 749 000
Operating Profit	2 443 000	3 356 000	3 281 000	1 943 000
Financial Income	0	0	1 000	2 000
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	0	1 000
Dividends	2 000 000	2 000 000	1 000 000	1 000 000
Net Income	1 904 000	2 617 000	2 559 000	1 516 000

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	0	0	0
Fixtures	1 177 000	1 280 000	2 215 000	1 412 000
Total Tangible Assets	1 177 000	1 280 000	2 215 000	1 412 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 178 000	1 281 000	2 216 000	1 412 000
Stock	442 000	284 000	0	0
Total Investments	0	0	0	0
Cash, Bank	5 125 000	4 650 000	4 232 000	4 180 000
Total Current Assets	6 820 000	5 865 000	5 169 000	4 471 000
Total Assets	7 998 000	7 145 000	7 385 000	5 883 000
Total Equity	3 856 000	3 952 000	5 334 000	3 775 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	52 000	40 000	83 000	47 000
Creditors	1 384 000	70 000	161 000	551 000
Unpaid Taxes	174 000	302 000	74 000	175 000
Dividends	2 000 000	2 000 000	1 000 000	1 000 000
Other Current Debt	5 000	0	46 000	0
Total Current Debt	4 090 000	3 154 000	1 968 000	2 061 000
Total Equity and Debt	7 998 000	7 145 000	7 385 000	5 883 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,38 %	66,22 %	47,98 %	40,16 %
Debt-to-Equity Ratio	0,01	0,01	0,02	0,01
Operating Profit Margin	33,19 %	41,48 %	36,77 %	34,14 %
Current Ratio	1,67	1,86	2,63	2,17
Quick Ratio	1,87	2,04	2,63	2,17
Equity Ratio	0,48	0,55	0,72	0,64
Gross Profit Margin	55,7 %	60,19 %	58,8 %	55,33 %