LOCAL HERO AS

3560 HEMSEDAL

Finances

Return on Equity

−9,47 %

Current Ratio

0,63

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 000	270 000	279 000	0
Net Income	9 000	51 000	39 000	−253 000
Total Assets	430 000	685 000	716 000	342 000
Total Equity	−95 000	−104 000	290 000	406 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 000	270 000	279 000	0
Expenditure	66 000	194 000	208 000	50 000
Operating Profit	−25 000	75 000	71 000	−50 000
Financial Income	0	0	1 000	0
Financial Costs	18 000	23 000	21 000	202 000
Financial Balance	−18 000	−23 000	−20 000	−202 000
Earnings Before Tax	−43 000	51 000	50 000	−253 000
Tax	−52 000	0	11 000	0
Net Income	9 000	51 000	39 000	−253 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 000	92 000	80 000	342 000
Total Current Assets	333 000	593 000	635 000	0
Total Assets	430 000	685 000	716 000	342 000
Total Retained Equity	−125 000	−134 000	260 000	376 000
Total Equity	−95 000	−104 000	290 000	406 000
Total Long-Term Debt	0	59 000	59 000	0
Total Current Debt	525 000	730 000	367 000	−64 000
Total Equity and Debt	430 000	685 000	716 000	342 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 000	130 000	279 000	0
Other Income	0	139 000	0	0
Revenue	41 000	270 000	279 000	0
Cost of Goods Sold	0	0	73 000	0
Salary Costs	0	0	0	0
Depreciation	0	61 000	2 000	0
Impairment	0	0	0	0
Expenditure	66 000	194 000	208 000	50 000
Operating Profit	−25 000	75 000	71 000	−50 000
Financial Income	0	0	1 000	0
Financial Costs	18 000	23 000	21 000	202 000
Financial Balance	−18 000	−23 000	−20 000	−202 000
Dividends	0	0	0	0
Net Income	9 000	51 000	39 000	−253 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	32 000	0	0
Total Tangible Assets	32 000	32 000	0	0
Total Fiancial Fixed Assets	61 000	60 000	80 000	342 000
Total Fixed Assets	98 000	92 000	80 000	342 000
Stock	541 000	541 000	541 000	0
Total Investments	0	0	0	0
Cash, Bank	−298 000	1 000	0	0
Total Current Assets	333 000	593 000	635 000	0
Total Assets	430 000	685 000	716 000	342 000
Total Equity	−95 000	−104 000	290 000	406 000
Short-Term Group Debt	0	10 000	−317 000	−261 000
Total Long-Term Debt	0	59 000	59 000	0
Creditors	110 000	119 000	207 000	91 000
Unpaid Taxes	19 000	11 000	31 000	0
Dividends	0	0	0	0
Other Current Debt	302 000	183 000	66 000	5 000
Total Current Debt	525 000	730 000	367 000	−64 000
Total Equity and Debt	430 000	685 000	716 000	342 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,47 %	−49,04 %	13,45 %	−62,32 %
Debt-to-Equity Ratio	−0	−0,57	0,2	0
Operating Profit Margin	−60,98 %	27,78 %	25,45 %	-
Current Ratio	0,63	0,81	1,73	−0
Quick Ratio	−20,81	3,14	−3,65	−0
Equity Ratio	−0,22	−0,15	0,41	1,19
Gross Profit Margin	100 %	100 %	73,84 %	-