HOEN UTVIKLING AS

1823 KNAPSTAD

Finances

Return on Equity

−70,45 %

Current Ratio

10,85

Debt-to-Equity Ratio

14,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	321 000	2 737 000	163 000
Net Income	−422 000	−566 000	2 194 000	−241 000
Total Assets	9 934 000	9 895 000	8 910 000	12 246 000
Total Equity	599 000	321 000	887 000	−1 307 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	321 000	2 737 000	163 000
Expenditure	403 000	742 000	166 000	103 000
Operating Profit	−403 000	−421 000	2 571 000	59 000
Financial Income	0	0	0	4 000
Financial Costs	137 000	304 000	272 000	304 000
Financial Balance	−137 000	−304 000	−272 000	−300 000
Earnings Before Tax	−541 000	−725 000	2 299 000	−241 000
Tax	−119 000	−160 000	106 000	0
Net Income	−422 000	−566 000	2 194 000	−241 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 117 000	3 848 000	3 794 000	3 794 000
Total Current Assets	5 817 000	6 048 000	5 116 000	8 452 000
Total Assets	9 934 000	9 895 000	8 910 000	12 246 000
Total Retained Equity	−601 000	−179 000	387 000	−1 807 000
Total Equity	599 000	321 000	887 000	−1 307 000
Total Long-Term Debt	8 799 000	8 500 000	6 606 000	7 130 000
Total Current Debt	536 000	1 074 000	1 418 000	6 423 000
Total Equity and Debt	9 934 000	9 895 000	8 910 000	12 246 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	321 000	2 737 000	163 000
Revenue	0	321 000	2 737 000	163 000
Cost of Goods Sold	0	29 000	0	0
Salary Costs	0	0	69 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	403 000	742 000	166 000	103 000
Operating Profit	−403 000	−421 000	2 571 000	59 000
Financial Income	0	0	0	4 000
Financial Costs	137 000	304 000	272 000	304 000
Financial Balance	−137 000	−304 000	−272 000	−300 000
Dividends	0	0	0	0
Net Income	−422 000	−566 000	2 194 000	−241 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	173 000	54 000	0	0
Real Eastate	3 794 000	3 794 000	3 794 000	3 794 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 794 000	3 794 000	3 794 000	3 794 000
Total Fiancial Fixed Assets	150 000	0	0	0
Total Fixed Assets	4 117 000	3 848 000	3 794 000	3 794 000
Stock	5 670 000	5 182 000	4 806 000	8 061 000
Total Investments	0	0	0	0
Cash, Bank	127 000	846 000	290 000	337 000
Total Current Assets	5 817 000	6 048 000	5 116 000	8 452 000
Total Assets	9 934 000	9 895 000	8 910 000	12 246 000
Total Equity	599 000	321 000	887 000	−1 307 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 799 000	8 500 000	6 606 000	7 130 000
Creditors	106 000	47 000	0	710 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	430 000	1 027 000	1 418 000	5 712 000
Total Current Debt	536 000	1 074 000	1 418 000	6 423 000
Total Equity and Debt	9 934 000	9 895 000	8 910 000	12 246 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−70,45 %	−176,32 %	247,35 %	18,44 %
Debt-to-Equity Ratio	14,69	26,48	7,45	−5,46
Operating Profit Margin	-	−131,15 %	93,93 %	36,2 %
Current Ratio	10,85	5,63	3,61	1,32
Quick Ratio	−1,13	−1,47	−1,51	−5,16
Equity Ratio	0,06	0,03	0,1	−0,11
Gross Profit Margin	-	90,97 %	100 %	100 %