HESTAD AS

6973 SANDE I SUNNFJORD

Finances

Share Ownership

Return on Equity

31,8 %

Current Ratio

3,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 458 000	915 000	616 000	1 023 000
Net Income	560 000	229 000	−24 000	249 000
Total Assets	2 338 000	1 431 000	1 099 000	1 294 000
Total Equity	1 761 000	1 201 000	973 000	997 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 458 000	915 000	616 000	1 023 000
Expenditure	742 000	617 000	647 000	693 000
Operating Profit	717 000	298 000	−31 000	330 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	6 000	1 000	0
Financial Balance	1 000	−5 000	0	1 000
Earnings Before Tax	718 000	293 000	−31 000	331 000
Tax	158 000	64 000	−7 000	83 000
Net Income	560 000	229 000	−24 000	249 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	84 000	99 000	0	0
Total Current Assets	2 254 000	1 332 000	1 099 000	1 294 000
Total Assets	2 338 000	1 431 000	1 099 000	1 294 000
Total Retained Equity	1 661 000	1 101 000	873 000	897 000
Total Equity	1 761 000	1 201 000	973 000	997 000
Total Long-Term Debt	7 000	5 000	0	0
Total Current Debt	570 000	224 000	127 000	296 000
Total Equity and Debt	2 338 000	1 431 000	1 099 000	1 294 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 458 000	915 000	616 000	1 023 000
Other Income	0	0	0	0
Revenue	1 458 000	915 000	616 000	1 023 000
Cost of Goods Sold	249 000	113 000	175 000	168 000
Salary Costs	427 000	423 000	415 000	417 000
Depreciation	15 000	8 000	0	0
Impairment	0	0	0	0
Expenditure	742 000	617 000	647 000	693 000
Operating Profit	717 000	298 000	−31 000	330 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	6 000	1 000	0
Financial Balance	1 000	−5 000	0	1 000
Dividends	0	0	0	0
Net Income	560 000	229 000	−24 000	249 000

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	84 000	99 000	0	0
Total Tangible Assets	84 000	99 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	84 000	99 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 004 000	1 015 000	653 000	529 000
Total Current Assets	2 254 000	1 332 000	1 099 000	1 294 000
Total Assets	2 338 000	1 431 000	1 099 000	1 294 000
Total Equity	1 761 000	1 201 000	973 000	997 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	5 000	0	0
Creditors	150 000	27 000	8 000	8 000
Unpaid Taxes	229 000	73 000	61 000	148 000
Dividends	0	0	0	0
Other Current Debt	34 000	65 000	58 000	58 000
Total Current Debt	570 000	224 000	127 000	296 000
Total Equity and Debt	2 338 000	1 431 000	1 099 000	1 294 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,8 %	19,07 %	−2,47 %	24,97 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	49,18 %	32,57 %	−5,03 %	32,26 %
Current Ratio	3,95	5,95	8,65	4,37
Quick Ratio	3,95	5,95	8,65	4,37
Equity Ratio	0,75	0,84	0,89	0,77
Gross Profit Margin	82,92 %	87,65 %	71,59 %	83,58 %