HOVE ELEKTRO AS

6893 VIK I SOGN

Finances

Share Ownership

Return on Equity

14,22 %

Current Ratio

7,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 918 000	1 773 000	1 425 000	1 254 000
Net Income	416 000	423 000	332 000	403 000
Total Assets	3 335 000	2 882 000	2 368 000	2 333 000
Total Equity	2 926 000	2 510 000	2 087 000	2 055 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 918 000	1 773 000	1 425 000	1 254 000
Expenditure	1 359 000	1 227 000	965 000	801 000
Operating Profit	522 000	543 000	426 000	517 000
Financial Income	11 000	0	1 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	10 000	0	1 000	1 000
Earnings Before Tax	533 000	543 000	426 000	517 000
Tax	117 000	119 000	94 000	114 000
Net Income	416 000	423 000	332 000	403 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	118 000	99 000	99 000	122 000
Total Current Assets	3 218 000	2 784 000	2 269 000	2 211 000
Total Assets	3 335 000	2 882 000	2 368 000	2 333 000
Total Retained Equity	2 896 000	2 480 000	2 057 000	2 025 000
Total Equity	2 926 000	2 510 000	2 087 000	2 055 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	409 000	372 000	281 000	278 000
Total Equity and Debt	3 335 000	2 882 000	2 368 000	2 333 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 918 000	1 773 000	1 425 000	1 254 000
Other Income	0	0	0	0
Revenue	1 918 000	1 773 000	1 425 000	1 254 000
Cost of Goods Sold	806 000	763 000	578 000	459 000
Salary Costs	247 000	155 000	132 000	117 000
Depreciation	25 000	20 000	17 000	17 000
Impairment	0	0	0	0
Expenditure	1 359 000	1 227 000	965 000	801 000
Operating Profit	522 000	543 000	426 000	517 000
Financial Income	11 000	0	1 000	1 000
Financial Costs	1 000	0	0	0
Financial Balance	10 000	0	1 000	1 000
Dividends	0	0	300 000	0
Net Income	416 000	423 000	332 000	403 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	10 000	14 000	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	13 000	21 000	0	0
Fixtures	98 000	68 000	85 000	103 000
Total Tangible Assets	111 000	89 000	85 000	103 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	118 000	99 000	99 000	122 000
Stock	42 000	80 000	82 000	117 000
Total Investments	0	0	0	0
Cash, Bank	3 120 000	2 597 000	2 151 000	1 824 000
Total Current Assets	3 218 000	2 784 000	2 269 000	2 211 000
Total Assets	3 335 000	2 882 000	2 368 000	2 333 000
Total Equity	2 926 000	2 510 000	2 087 000	2 055 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	98 000	68 000	54 000	35 000
Unpaid Taxes	132 000	66 000	69 000	60 000
Dividends	0	0	300 000	0
Other Current Debt	65 000	122 000	70 000	78 000
Total Current Debt	409 000	372 000	281 000	278 000
Total Equity and Debt	3 335 000	2 882 000	2 368 000	2 333 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,22 %	16,85 %	15,91 %	19,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	27,22 %	30,63 %	29,89 %	41,23 %
Current Ratio	7,87	7,48	8,07	7,95
Quick Ratio	8,77	9,53	11,4	13,73
Equity Ratio	0,88	0,87	0,88	0,88
Gross Profit Margin	57,98 %	56,97 %	59,44 %	63,4 %