HELLE ELECON HOLDING AS

5430 BREMNES

Finances

Return on Equity

66,72 %

Current Ratio

1,27

Debt-to-Equity Ratio

2,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	258 503 000	121 481 000	77 589 000	96 961 000
Net Income	12 301 000	6 811 000	2 234 000	2 491 000
Total Assets	145 978 000	122 724 000	40 847 000	34 632 000
Total Equity	18 438 000	9 850 000	5 138 000	4 404 000

Income (NOK)	2022	2021	2020	2019
Revenue	258 503 000	121 481 000	77 589 000	96 961 000
Expenditure	242 607 000	111 471 000	74 414 000	94 471 000
Operating Profit	15 895 000	10 010 000	3 176 000	2 491 000
Financial Income	2 485 000	152 000	259 000	0
Financial Costs	2 603 000	982 000	331 000	0
Financial Balance	−118 000	−830 000	−72 000	0
Earnings Before Tax	15 777 000	9 181 000	3 104 000	2 491 000
Tax	3 477 000	2 369 000	870 000	0
Net Income	12 301 000	6 811 000	2 234 000	2 491 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 529 000	56 151 000	4 658 000	5 373 000
Total Current Assets	93 449 000	66 573 000	36 189 000	29 260 000
Total Assets	145 978 000	122 724 000	40 847 000	34 632 000
Total Retained Equity	15 540 000	6 911 000	2 200 000	1 466 000
Total Equity	18 438 000	9 850 000	5 138 000	4 404 000
Total Long-Term Debt	54 021 000	52 545 000	7 313 000	8 590 000
Total Current Debt	73 518 000	60 329 000	28 396 000	21 638 000
Total Equity and Debt	145 978 000	122 724 000	40 847 000	34 632 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	255 010 000	121 401 000	77 429 000	96 961 000
Other Income	3 493 000	81 000	160 000	0
Revenue	258 503 000	121 481 000	77 589 000	96 961 000
Cost of Goods Sold	79 219 000	41 345 000	28 808 000	48 420 000
Salary Costs	128 625 000	52 731 000	36 202 000	36 346 000
Depreciation	5 465 000	4 582 000	1 030 000	1 018 000
Impairment	0	0	0	0
Expenditure	242 607 000	111 471 000	74 414 000	94 471 000
Operating Profit	15 895 000	10 010 000	3 176 000	2 491 000
Financial Income	2 485 000	152 000	259 000	0
Financial Costs	2 603 000	982 000	331 000	0
Financial Balance	−118 000	−830 000	−72 000	0
Dividends	0	0	0	0
Net Income	12 301 000	6 811 000	2 234 000	2 491 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	20 050 000	24 350 000	2 775 000	3 700 000
Total Intangible Assets	20 050 000	24 350 000	2 775 000	3 700 000
Real Eastate	28 617 000	29 360 000	0	0
Machinery and Plant Facilities	0	0	0	292 000
Fixtures	1 852 000	1 029 000	372 000	0
Total Tangible Assets	30 469 000	30 388 000	372 000	292 000
Total Fiancial Fixed Assets	2 010 000	1 413 000	1 511 000	1 381 000
Total Fixed Assets	52 529 000	56 151 000	4 658 000	5 373 000
Stock	6 420 000	6 998 000	3 788 000	4 231 000
Total Investments	0	0	0	0
Cash, Bank	21 211 000	15 126 000	16 225 000	3 826 000
Total Current Assets	93 449 000	66 573 000	36 189 000	29 260 000
Total Assets	145 978 000	122 724 000	40 847 000	34 632 000
Total Equity	18 438 000	9 850 000	5 138 000	4 404 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	54 021 000	52 545 000	7 313 000	8 590 000
Creditors	13 591 000	12 562 000	6 217 000	5 309 000
Unpaid Taxes	16 941 000	9 483 000	5 053 000	0
Dividends	0	0	0	0
Other Current Debt	39 812 000	35 909 000	17 126 000	16 329 000
Total Current Debt	73 518 000	60 329 000	28 396 000	21 638 000
Total Equity and Debt	145 978 000	122 724 000	40 847 000	34 632 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,72 %	69,15 %	43,48 %	56,56 %
Debt-to-Equity Ratio	2,93	5,33	1,42	1,95
Operating Profit Margin	6,15 %	8,24 %	4,09 %	2,57 %
Current Ratio	1,27	1,1	1,27	1,35
Quick Ratio	1,39	1,25	1,47	1,68
Equity Ratio	0,13	0,08	0,13	0,13
Gross Profit Margin	69,35 %	65,97 %	62,87 %	50,06 %