HERO NORGE AS

4013 STAVANGER

Finances

Return on Equity

9 146,39 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 314 391 000	124 352 000	130 945 000	158 087 000
Net Income	130 519 000	4 814 000	10 811 000	−911 000
Total Assets	308 235 000	91 102 000	76 939 000	95 134 000
Total Equity	1 427 000	17 752 000	17 151 000	32 828 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 314 391 000	124 352 000	130 945 000	158 087 000
Expenditure	1 146 932 000	117 740 000	118 849 000	158 931 000
Operating Profit	167 458 000	6 611 000	12 095 000	−843 000
Financial Income	413 000	1 002 000	3 232 000	241 000
Financial Costs	506 000	1 397 000	1 447 000	551 000
Financial Balance	−93 000	−395 000	1 785 000	−310 000
Earnings Before Tax	167 365 000	6 216 000	13 880 000	−1 153 000
Tax	36 846 000	1 402 000	3 069 000	−242 000
Net Income	130 519 000	4 814 000	10 811 000	−911 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 494 000	52 140 000	55 495 000	62 811 000
Total Current Assets	246 741 000	38 961 000	21 444 000	32 323 000
Total Assets	308 235 000	91 102 000	76 939 000	95 134 000
Total Retained Equity	1 344 000	601 000	0	0
Total Equity	1 427 000	17 752 000	17 151 000	32 828 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	306 808 000	73 350 000	59 788 000	62 306 000
Total Equity and Debt	308 235 000	91 102 000	76 939 000	95 134 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 312 685 000	123 203 000	129 213 000	157 767 000
Other Income	1 706 000	1 149 000	1 732 000	320 000
Revenue	1 314 391 000	124 352 000	130 945 000	158 087 000
Cost of Goods Sold	113 145 000	4 053 000	5 523 000	10 317 000
Salary Costs	180 339 000	51 810 000	56 466 000	81 898 000
Depreciation	3 924 000	3 837 000	3 308 000	6 119 000
Impairment	0	0	0	0
Expenditure	1 146 932 000	117 740 000	118 849 000	158 931 000
Operating Profit	167 458 000	6 611 000	12 095 000	−843 000
Financial Income	413 000	1 002 000	3 232 000	241 000
Financial Costs	506 000	1 397 000	1 447 000	551 000
Financial Balance	−93 000	−395 000	1 785 000	−310 000
Dividends	0	0	0	0
Net Income	130 519 000	4 814 000	10 811 000	−911 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 822 000	2 250 000	2 464 000	2 936 000
Real Eastate	6 442 000	7 534 000	6 301 000	8 047 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 514 000	8 711 000	8 784 000	10 057 000
Total Tangible Assets	20 956 000	16 245 000	15 085 000	18 105 000
Total Fiancial Fixed Assets	33 716 000	33 645 000	37 946 000	41 770 000
Total Fixed Assets	61 494 000	52 140 000	55 495 000	62 811 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 738 000	6 943 000	5 986 000	3 343 000
Total Current Assets	246 741 000	38 961 000	21 444 000	32 323 000
Total Assets	308 235 000	91 102 000	76 939 000	95 134 000
Total Equity	1 427 000	17 752 000	17 151 000	32 828 000
Short-Term Group Debt	188 644 000	51 187 000	33 580 000	21 220 000
Total Long-Term Debt	0	0	0	0
Creditors	24 190 000	5 952 000	2 593 000	2 578 000
Unpaid Taxes	11 296 000	4 046 000	3 572 000	4 672 000
Dividends	0	0	0	0
Other Current Debt	82 679 000	12 166 000	20 044 000	33 836 000
Total Current Debt	306 808 000	73 350 000	59 788 000	62 306 000
Total Equity and Debt	308 235 000	91 102 000	76 939 000	95 134 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9 146,39 %	27,12 %	63,03 %	−2,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,74 %	5,32 %	9,24 %	−0,53 %
Current Ratio	0,8	0,53	0,36	0,52
Quick Ratio	0,8	0,53	0,36	0,52
Equity Ratio	0	0,19	0,22	0,35
Gross Profit Margin	91,39 %	96,74 %	95,78 %	93,47 %