HELGES STUDIO AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

54,95 %

Current Ratio

3,51

Debt-to-Equity Ratio

10,82

Key figures (NOK)	2022	2021	2020
Revenue	430 000	574 000	464 000
Net Income	122 000	262 000	−170 000
Total Assets	2 713 000	2 808 000	2 691 000
Total Equity	222 000	104 000	−140 000

Income (NOK)	2022	2021	2020
Revenue	430 000	574 000	464 000
Expenditure	279 000	286 000	641 000
Operating Profit	151 000	287 000	−177 000
Financial Income	5 000	5 000	6 000
Financial Costs	0	0	3 000
Financial Balance	5 000	5 000	3 000
Earnings Before Tax	157 000	292 000	−174 000
Tax	34 000	30 000	−4 000
Net Income	122 000	262 000	−170 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 405 000	2 441 000	2 486 000
Total Current Assets	309 000	367 000	205 000
Total Assets	2 713 000	2 808 000	2 691 000
Total Retained Equity	192 000	74 000	−170 000
Total Equity	222 000	104 000	−140 000
Total Long-Term Debt	2 403 000	2 616 000	2 782 000
Total Current Debt	88 000	89 000	49 000
Total Equity and Debt	2 713 000	2 808 000	2 691 000

Cash flow (NOK)	2022	2021	2020
Sales Income	33 000	43 000	87 000
Other Income	397 000	531 000	377 000
Revenue	430 000	574 000	464 000
Cost of Goods Sold	1 000	7 000	12 000
Salary Costs	14 000	16 000	16 000
Depreciation	36 000	45 000	57 000
Impairment	0	0	0
Expenditure	279 000	286 000	641 000
Operating Profit	151 000	287 000	−177 000
Financial Income	5 000	5 000	6 000
Financial Costs	0	0	3 000
Financial Balance	5 000	5 000	3 000
Dividends	0	0	0
Net Income	122 000	262 000	−170 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	2 262 000	2 262 000	2 262 000
Machinery and Plant Facilities	0	0	0
Fixtures	143 000	179 000	225 000
Total Tangible Assets	2 405 000	2 441 000	2 486 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 405 000	2 441 000	2 486 000
Stock	3 000	3 000	3 000
Total Investments	0	0	0
Cash, Bank	304 000	364 000	202 000
Total Current Assets	309 000	367 000	205 000
Total Assets	2 713 000	2 808 000	2 691 000
Total Equity	222 000	104 000	−140 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 403 000	2 616 000	2 782 000
Creditors	1 000	21 000	0
Unpaid Taxes	7 000	10 000	14 000
Dividends	0	0	0
Other Current Debt	46 000	35 000	35 000
Total Current Debt	88 000	89 000	49 000
Total Equity and Debt	2 713 000	2 808 000	2 691 000

Financial indicators	2022	2021	2020
Return on Equity	54,95 %	251,92 %	121,43 %
Debt-to-Equity Ratio	10,82	25,15	−19,87
Operating Profit Margin	35,12 %	50 %	−38,15 %
Current Ratio	3,51	4,12	4,18
Quick Ratio	3,64	4,27	4,46
Equity Ratio	0,08	0,04	−0,05
Gross Profit Margin	99,77 %	98,78 %	97,41 %