HOGNE TANGEN AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

−29,8 %

Current Ratio

5,33

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	907 000	1 450 000	1 416 000	1 054 000
Net Income	−152 000	220 000	131 000	184 000
Total Assets	624 000	969 000	778 000	471 000
Total Equity	510 000	662 000	542 000	411 000

Income (NOK)	2022	2021	2020	2019
Revenue	907 000	1 450 000	1 416 000	1 054 000
Expenditure	1 101 000	1 178 000	1 219 000	849 000
Operating Profit	−194 000	272 000	197 000	206 000
Financial Income	0	0	−28 000	30 000
Financial Costs	0	1 000	1 000	0
Financial Balance	0	−1 000	−29 000	30 000
Earnings Before Tax	−194 000	272 000	168 000	235 000
Tax	−43 000	52 000	37 000	52 000
Net Income	−152 000	220 000	131 000	184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	79 000	22 000	7 000	44 000
Total Current Assets	544 000	947 000	771 000	427 000
Total Assets	624 000	969 000	778 000	471 000
Total Retained Equity	480 000	632 000	512 000	381 000
Total Equity	510 000	662 000	542 000	411 000
Total Long-Term Debt	11 000	11 000	0	−67 000
Total Current Debt	102 000	296 000	235 000	127 000
Total Equity and Debt	624 000	969 000	778 000	471 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	907 000	1 450 000	1 416 000	1 054 000
Other Income	0	0	0	0
Revenue	907 000	1 450 000	1 416 000	1 054 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 002 000	1 061 000	1 075 000	776 000
Depreciation	12 000	18 000	0	0
Impairment	0	0	0	0
Expenditure	1 101 000	1 178 000	1 219 000	849 000
Operating Profit	−194 000	272 000	197 000	206 000
Financial Income	0	0	−28 000	30 000
Financial Costs	0	1 000	1 000	0
Financial Balance	0	−1 000	−29 000	30 000
Dividends	0	0	0	0
Net Income	−152 000	220 000	131 000	184 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	48 000	6 000	7 000	44 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 000	23 000	0	0
Total Tangible Assets	12 000	23 000	0	0
Total Fiancial Fixed Assets	19 000	−7 000	0	0
Total Fixed Assets	79 000	22 000	7 000	44 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	541 000	943 000	781 000	354 000
Total Current Assets	544 000	947 000	771 000	427 000
Total Assets	624 000	969 000	778 000	471 000
Total Equity	510 000	662 000	542 000	411 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	11 000	0	−67 000
Creditors	−7 000	0	0	−11 000
Unpaid Taxes	95 000	145 000	143 000	192 000
Dividends	0	0	0	0
Other Current Debt	14 000	101 000	92 000	−54 000
Total Current Debt	102 000	296 000	235 000	127 000
Total Equity and Debt	624 000	969 000	778 000	471 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,8 %	33,23 %	24,17 %	44,77 %
Debt-to-Equity Ratio	0,02	0,02	0	−0,16
Operating Profit Margin	−21,39 %	18,76 %	13,91 %	19,54 %
Current Ratio	5,33	3,2	3,28	3,36
Quick Ratio	5,33	3,2	3,28	3,36
Equity Ratio	0,82	0,68	0,7	0,87
Gross Profit Margin	100 %	100 %	100 %	100 %