HORVNES EIENDOM AS

8803 SANDNESSJØEN

Finances

Share Ownership

Return on Equity

18,99 %

Current Ratio

3,47

Debt-to-Equity Ratio

5,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 515 000	2 375 000	2 286 000	2 275 000
Net Income	751 000	759 000	643 000	676 000
Total Assets	25 632 000	24 258 000	22 786 000	22 846 000
Total Equity	3 955 000	4 040 000	4 118 000	4 168 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 515 000	2 375 000	2 286 000	2 275 000
Expenditure	1 034 000	919 000	908 000	808 000
Operating Profit	1 481 000	1 456 000	1 378 000	1 467 000
Financial Income	41 000	0	0	0
Financial Costs	559 000	483 000	554 000	601 000
Financial Balance	−518 000	−483 000	−554 000	−601 000
Earnings Before Tax	963 000	973 000	824 000	867 000
Tax	212 000	214 000	181 000	191 000
Net Income	751 000	759 000	643 000	676 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 543 000	22 127 000	22 708 000	22 843 000
Total Current Assets	4 089 000	2 131 000	78 000	3 000
Total Assets	25 632 000	24 258 000	22 786 000	22 846 000
Total Retained Equity	940 000	1 025 000	1 103 000	1 153 000
Total Equity	3 955 000	4 040 000	4 118 000	4 168 000
Total Long-Term Debt	20 498 000	18 867 000	17 530 000	16 955 000
Total Current Debt	1 179 000	1 351 000	1 138 000	1 723 000
Total Equity and Debt	25 632 000	24 258 000	22 786 000	22 846 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 000	38 000	0	0
Other Income	2 506 000	2 336 000	2 286 000	2 275 000
Revenue	2 515 000	2 375 000	2 286 000	2 275 000
Cost of Goods Sold	0	39 000	0	0
Salary Costs	1 000	0	0	0
Depreciation	584 000	597 000	587 000	584 000
Impairment	0	0	0	0
Expenditure	1 034 000	919 000	908 000	808 000
Operating Profit	1 481 000	1 456 000	1 378 000	1 467 000
Financial Income	41 000	0	0	0
Financial Costs	559 000	483 000	554 000	601 000
Financial Balance	−518 000	−483 000	−554 000	−601 000
Dividends	0	0	0	0
Net Income	751 000	759 000	643 000	676 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	21 543 000	22 127 000	22 708 000	22 843 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	21 543 000	22 127 000	22 708 000	22 843 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	21 543 000	22 127 000	22 708 000	22 843 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	4 089 000	2 131 000	78 000	3 000
Total Assets	25 632 000	24 258 000	22 786 000	22 846 000
Total Equity	3 955 000	4 040 000	4 118 000	4 168 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 498 000	18 867 000	17 530 000	16 955 000
Creditors	47 000	56 000	96 000	56 000
Unpaid Taxes	0	137 000	76 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	2 000
Total Current Debt	1 179 000	1 351 000	1 138 000	1 723 000
Total Equity and Debt	25 632 000	24 258 000	22 786 000	22 846 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,99 %	18,79 %	15,61 %	16,22 %
Debt-to-Equity Ratio	5,18	4,67	4,26	4,07
Operating Profit Margin	58,89 %	61,31 %	60,28 %	64,48 %
Current Ratio	3,47	1,58	0,07	0
Quick Ratio	3,47	1,58	0,07	0
Equity Ratio	0,15	0,17	0,18	0,18
Gross Profit Margin	100 %	98,36 %	100 %	100 %