HØVELMESTEREN AS

4375 HELLVIK

Finances

Return on Equity

20,41 %

Current Ratio

1,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 999 000	5 620 000	4 938 000	4 350 000
Net Income	288 000	572 000	149 000	45 000
Total Assets	2 683 000	2 676 000	1 879 000	1 517 000
Total Equity	1 411 000	1 188 000	771 000	737 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 999 000	5 620 000	4 938 000	4 350 000
Expenditure	5 625 000	4 883 000	4 747 000	4 251 000
Operating Profit	375 000	738 000	191 000	98 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	6 000	5 000	0	41 000
Financial Balance	−5 000	−4 000	1 000	−41 000
Earnings Before Tax	369 000	733 000	191 000	58 000
Tax	81 000	161 000	42 000	13 000
Net Income	288 000	572 000	149 000	45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	428 000	402 000	407 000	525 000
Total Current Assets	2 255 000	2 275 000	1 472 000	992 000
Total Assets	2 683 000	2 676 000	1 879 000	1 517 000
Total Retained Equity	1 381 000	1 158 000	741 000	707 000
Total Equity	1 411 000	1 188 000	771 000	737 000
Total Long-Term Debt	0	3 000	4 000	0
Total Current Debt	1 272 000	1 486 000	1 103 000	780 000
Total Equity and Debt	2 683 000	2 676 000	1 879 000	1 517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 999 000	5 620 000	4 938 000	4 350 000
Other Income	0	0	0	0
Revenue	5 999 000	5 620 000	4 938 000	4 350 000
Cost of Goods Sold	425 000	497 000	305 000	409 000
Salary Costs	2 916 000	2 338 000	2 610 000	2 087 000
Depreciation	142 000	105 000	112 000	117 000
Impairment	0	0	0	0
Expenditure	5 625 000	4 883 000	4 747 000	4 251 000
Operating Profit	375 000	738 000	191 000	98 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	6 000	5 000	0	41 000
Financial Balance	−5 000	−4 000	1 000	−41 000
Dividends	65 000	155 000	115 000	0
Net Income	288 000	572 000	149 000	45 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	0	0	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	215 000	295 000	375 000	455 000
Fixtures	209 000	107 000	32 000	64 000
Total Tangible Assets	424 000	402 000	407 000	519 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	428 000	402 000	407 000	525 000
Stock	10 000	10 000	10 000	10 000
Total Investments	5 000	5 000	5 000	5 000
Cash, Bank	717 000	414 000	505 000	73 000
Total Current Assets	2 255 000	2 275 000	1 472 000	992 000
Total Assets	2 683 000	2 676 000	1 879 000	1 517 000
Total Equity	1 411 000	1 188 000	771 000	737 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	3 000	4 000	0
Creditors	254 000	433 000	294 000	172 000
Unpaid Taxes	366 000	327 000	300 000	231 000
Dividends	65 000	155 000	115 000	0
Other Current Debt	499 000	407 000	362 000	354 000
Total Current Debt	1 272 000	1 486 000	1 103 000	780 000
Total Equity and Debt	2 683 000	2 676 000	1 879 000	1 517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,41 %	48,15 %	19,33 %	6,11 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	6,25 %	13,13 %	3,87 %	2,25 %
Current Ratio	1,77	1,53	1,33	1,27
Quick Ratio	1,79	1,54	1,35	1,29
Equity Ratio	0,53	0,44	0,41	0,49
Gross Profit Margin	92,92 %	91,16 %	93,82 %	90,6 %