HERFOSS MEKANISKE AS

3750 DRANGEDAL

Finances

Share Ownership

Return on Equity

22,56 %

Current Ratio

3,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 356 000	5 468 000	2 455 000	4 308 000
Net Income	349 000	133 000	−317 000	106 000
Total Assets	1 977 000	1 541 000	1 487 000	1 912 000
Total Equity	1 547 000	1 198 000	1 065 000	1 382 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 356 000	5 468 000	2 455 000	4 308 000
Expenditure	4 006 000	5 419 000	2 771 000	4 200 000
Operating Profit	350 000	49 000	−317 000	107 000
Financial Income	0	86 000	0	1 000
Financial Costs	1 000	2 000	1 000	2 000
Financial Balance	−1 000	84 000	−1 000	−1 000
Earnings Before Tax	349 000	133 000	−317 000	106 000
Tax	0	0	0	0
Net Income	349 000	133 000	−317 000	106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	420 000	250 000	179 000	300 000
Total Current Assets	1 556 000	1 290 000	1 307 000	1 613 000
Total Assets	1 977 000	1 541 000	1 487 000	1 912 000
Total Retained Equity	1 332 000	983 000	850 000	1 168 000
Total Equity	1 547 000	1 198 000	1 065 000	1 382 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	430 000	343 000	422 000	530 000
Total Equity and Debt	1 977 000	1 541 000	1 487 000	1 912 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 356 000	5 607 000	2 247 000	4 528 000
Other Income	0	−139 000	208 000	−220 000
Revenue	4 356 000	5 468 000	2 455 000	4 308 000
Cost of Goods Sold	1 942 000	3 417 000	797 000	1 595 000
Salary Costs	1 382 000	1 325 000	1 264 000	1 667 000
Depreciation	93 000	69 000	138 000	162 000
Impairment	0	0	0	0
Expenditure	4 006 000	5 419 000	2 771 000	4 200 000
Operating Profit	350 000	49 000	−317 000	107 000
Financial Income	0	86 000	0	1 000
Financial Costs	1 000	2 000	1 000	2 000
Financial Balance	−1 000	84 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	349 000	133 000	−317 000	106 000

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	318 000	120 000	172 000	224 000
Fixtures	103 000	131 000	7 000	76 000
Total Tangible Assets	420 000	250 000	179 000	300 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	420 000	250 000	179 000	300 000
Stock	20 000	20 000	20 000	25 000
Total Investments	0	0	0	0
Cash, Bank	1 264 000	1 104 000	1 002 000	1 112 000
Total Current Assets	1 556 000	1 290 000	1 307 000	1 613 000
Total Assets	1 977 000	1 541 000	1 487 000	1 912 000
Total Equity	1 547 000	1 198 000	1 065 000	1 382 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	168 000	71 000	136 000	166 000
Unpaid Taxes	107 000	121 000	168 000	209 000
Dividends	0	0	0	0
Other Current Debt	155 000	151 000	118 000	156 000
Total Current Debt	430 000	343 000	422 000	530 000
Total Equity and Debt	1 977 000	1 541 000	1 487 000	1 912 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,56 %	11,1 %	−29,77 %	7,67 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,03 %	0,9 %	−12,91 %	2,48 %
Current Ratio	3,62	3,76	3,1	3,04
Quick Ratio	3,8	3,99	3,25	3,19
Equity Ratio	0,78	0,78	0,72	0,72
Gross Profit Margin	55,42 %	37,51 %	67,54 %	62,98 %