HORVATH FINANS AS

1481 HAGAN

Finances

Share Ownership

Return on Equity

−1,91 %

Current Ratio

0,62

Debt-to-Equity Ratio

3,4

Key figures (NOK)	2016	2015	2014	2013
Revenue	1 870 000	51 225 000	0	0
Net Income	−290 000	6 375 000	−16 000	−83 000
Total Assets	80 519 000	93 664 000	99 212 000	89 734 000
Total Equity	15 196 000	15 327 000	15 157 000	15 174 000

Income (NOK)	2016	2015	2014	2013
Revenue	1 870 000	51 225 000	0	0
Expenditure	672 000	41 556 000	36 000	20 000
Operating Profit	1 198 000	9 669 000	−36 000	−20 000
Financial Income	5 000	1 970 000	3 935 000	3 621 000
Financial Costs	1 698 000	2 943 000	3 915 000	3 684 000
Financial Balance	−1 693 000	−973 000	20 000	−63 000
Earnings Before Tax	−495 000	8 696 000	−16 000	−83 000
Tax	−205 000	2 321 000	0	0
Net Income	−290 000	6 375 000	−16 000	−83 000

Balance (NOK)	2016	2015	2014	2013
Total Fixed Assets	72 036 000	74 216 000	68 980 000	67 417 000
Total Current Assets	8 484 000	19 448 000	30 232 000	22 317 000
Total Assets	80 519 000	93 664 000	99 212 000	89 734 000
Total Retained Equity	2 462 000	−5 765 000	2 423 000	2 440 000
Total Equity	15 196 000	15 327 000	15 157 000	15 174 000
Total Long-Term Debt	51 742 000	57 750 000	65 276 000	59 532 000
Total Current Debt	13 582 000	20 587 000	18 779 000	15 028 000
Total Equity and Debt	80 519 000	93 664 000	99 212 000	89 734 000

Cash flow (NOK)	2016	2015	2014	2013
Sales Income	0	45 960 000	0	0
Other Income	1 870 000	5 264 000	0	0
Revenue	1 870 000	51 225 000	0	0
Cost of Goods Sold	5 000	17 415 000	0	0
Salary Costs	0	7 455 000	0	0
Depreciation	315 000	2 303 000	9 000	0
Impairment	0	0	0	0
Expenditure	672 000	41 556 000	36 000	20 000
Operating Profit	1 198 000	9 669 000	−36 000	−20 000
Financial Income	5 000	1 970 000	3 935 000	3 621 000
Financial Costs	1 698 000	2 943 000	3 915 000	3 684 000
Financial Balance	−1 693 000	−973 000	20 000	−63 000
Dividends	0	0	0	0
Net Income	−290 000	6 375 000	−16 000	−83 000

Balance details (NOK)	2016	2015	2014	2013
Goodwill	0	0	0	0
Total Intangible Assets	0	1 554 000	0	0
Real Eastate	6 500 000	64 846 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 067 000	7 524 000	555 000	0
Total Tangible Assets	7 567 000	72 370 000	555 000	0
Total Fiancial Fixed Assets	64 468 000	292 000	68 426 000	67 417 000
Total Fixed Assets	72 036 000	74 216 000	68 980 000	67 417 000
Stock	0	15 653 000	0	0
Total Investments	261 000	0	141 000	164 000
Cash, Bank	86 000	990 000	41 000	211 000
Total Current Assets	8 484 000	19 448 000	30 232 000	22 317 000
Total Assets	80 519 000	93 664 000	99 212 000	89 734 000
Total Equity	15 196 000	15 327 000	15 157 000	15 174 000
Short-Term Group Debt	1 433 000	0	5 541 000	800 000
Total Long-Term Debt	51 742 000	57 750 000	65 276 000	59 532 000
Creditors	99 000	4 934 000	11 000	26 000
Unpaid Taxes	0	839 000	0	0
Dividends	0	0	0	0
Other Current Debt	12 050 000	14 805 000	13 227 000	14 202 000
Total Current Debt	13 582 000	20 587 000	18 779 000	15 028 000
Total Equity and Debt	80 519 000	93 664 000	99 212 000	89 734 000

Financial indicators	2016	2015	2014	2013
Return on Equity	−1,91 %	41,59 %	−0,11 %	−0,55 %
Debt-to-Equity Ratio	3,4	3,77	4,31	3,92
Operating Profit Margin	64,06 %	18,88 %	-	-
Current Ratio	0,62	0,94	1,61	1,49
Quick Ratio	0,62	3,94	1,61	1,49
Equity Ratio	0,19	0,16	0,15	0,17
Gross Profit Margin	99,73 %	66 %	-	-