HARDANGER EIENDOMSUTVIKLING AS

5750 ODDA

Finances

Share Ownership

Return on Equity

40,3 %

Current Ratio

3,61

Debt-to-Equity Ratio

2,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 831 000	3 126 000	1 773 000	1 162 000
Net Income	661 000	171 000	145 000	−264 000
Total Assets	5 454 000	6 579 000	5 609 000	6 233 000
Total Equity	1 640 000	979 000	1 408 000	1 662 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 831 000	3 126 000	1 773 000	1 162 000
Expenditure	5 883 000	2 821 000	1 461 000	1 336 000
Operating Profit	949 000	305 000	313 000	−173 000
Financial Income	0	0	0	0
Financial Costs	102 000	85 000	123 000	146 000
Financial Balance	−102 000	−85 000	−123 000	−146 000
Earnings Before Tax	847 000	220 000	190 000	−319 000
Tax	187 000	49 000	45 000	−55 000
Net Income	661 000	171 000	145 000	−264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 054 000	4 554 000	5 054 000	5 553 000
Total Current Assets	1 400 000	2 025 000	555 000	680 000
Total Assets	5 454 000	6 579 000	5 609 000	6 233 000
Total Retained Equity	−846 000	−1 507 000	−1 078 000	−824 000
Total Equity	1 640 000	979 000	1 408 000	1 662 000
Total Long-Term Debt	3 426 000	3 723 000	4 020 000	4 259 000
Total Current Debt	388 000	1 877 000	181 000	312 000
Total Equity and Debt	5 454 000	6 579 000	5 609 000	6 233 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 472 000	233 000	236 000	229 000
Other Income	3 360 000	2 893 000	1 537 000	934 000
Revenue	6 831 000	3 126 000	1 773 000	1 162 000
Cost of Goods Sold	5 025 000	1 857 000	423 000	442 000
Salary Costs	0	0	0	0
Depreciation	500 000	500 000	500 000	499 000
Impairment	0	0	0	0
Expenditure	5 883 000	2 821 000	1 461 000	1 336 000
Operating Profit	949 000	305 000	313 000	−173 000
Financial Income	0	0	0	0
Financial Costs	102 000	85 000	123 000	146 000
Financial Balance	−102 000	−85 000	−123 000	−146 000
Dividends	0	0	0	0
Net Income	661 000	171 000	145 000	−264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 050 000	4 540 000	5 029 000	5 519 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	14 000	24 000	34 000
Total Tangible Assets	4 054 000	4 554 000	5 054 000	5 553 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 054 000	4 554 000	5 054 000	5 553 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	928 000	434 000	424 000	473 000
Total Current Assets	1 400 000	2 025 000	555 000	680 000
Total Assets	5 454 000	6 579 000	5 609 000	6 233 000
Total Equity	1 640 000	979 000	1 408 000	1 662 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 426 000	3 723 000	4 020 000	4 259 000
Creditors	111 000	1 734 000	46 000	194 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	13 000	16 000	16 000	102 000
Total Current Debt	388 000	1 877 000	181 000	312 000
Total Equity and Debt	5 454 000	6 579 000	5 609 000	6 233 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,3 %	17,47 %	10,3 %	−15,88 %
Debt-to-Equity Ratio	2,09	3,8	2,86	2,56
Operating Profit Margin	13,89 %	9,76 %	17,65 %	−14,89 %
Current Ratio	3,61	1,08	3,07	2,18
Quick Ratio	3,61	1,08	3,07	2,18
Equity Ratio	0,3	0,15	0,25	0,27
Gross Profit Margin	26,44 %	40,6 %	76,14 %	61,96 %