HEATSEC AS

2690 SKJÅK

Finances

Return on Equity

50,01 %

Current Ratio

1,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 178 000	6 230 000	11 220 000	14 686 000
Net Income	2 135 000	154 000	1 254 000	1 451 000
Total Assets	9 405 000	6 327 000	4 740 000	4 625 000
Total Equity	4 269 000	3 258 000	3 702 000	3 144 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 178 000	6 230 000	11 220 000	14 686 000
Expenditure	17 363 000	6 104 000	9 896 000	12 720 000
Operating Profit	2 815 000	126 000	1 324 000	1 966 000
Financial Income	180 000	412 000	231 000	40 000
Financial Costs	273 000	319 000	0	136 000
Financial Balance	−93 000	93 000	231 000	−96 000
Earnings Before Tax	2 722 000	218 000	1 555 000	1 870 000
Tax	588 000	65 000	300 000	419 000
Net Income	2 135 000	154 000	1 254 000	1 451 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 247 000	1 216 000	445 000	440 000
Total Current Assets	8 157 000	5 111 000	4 295 000	4 185 000
Total Assets	9 405 000	6 327 000	4 740 000	4 625 000
Total Retained Equity	3 669 000	2 658 000	3 102 000	2 544 000
Total Equity	4 269 000	3 258 000	3 702 000	3 144 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 136 000	3 070 000	1 037 000	1 481 000
Total Equity and Debt	9 405 000	6 327 000	4 740 000	4 625 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 139 000	6 230 000	11 220 000	14 686 000
Other Income	39 000	0	0	0
Revenue	20 178 000	6 230 000	11 220 000	14 686 000
Cost of Goods Sold	15 018 000	4 217 000	7 380 000	10 452 000
Salary Costs	748 000	750 000	734 000	744 000
Depreciation	80 000	218 000	184 000	181 000
Impairment	0	0	0	0
Expenditure	17 363 000	6 104 000	9 896 000	12 720 000
Operating Profit	2 815 000	126 000	1 324 000	1 966 000
Financial Income	180 000	412 000	231 000	40 000
Financial Costs	273 000	319 000	0	136 000
Financial Balance	−93 000	93 000	231 000	−96 000
Dividends	1 100 000	0	0	0
Net Income	2 135 000	154 000	1 254 000	1 451 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	178 000	147 000	365 000	440 000
Total Tangible Assets	178 000	147 000	365 000	440 000
Total Fiancial Fixed Assets	1 069 000	1 069 000	80 000	0
Total Fixed Assets	1 247 000	1 216 000	445 000	440 000
Stock	247 000	468 000	461 000	459 000
Total Investments	845 000	910 000	834 000	0
Cash, Bank	6 173 000	457 000	1 524 000	2 348 000
Total Current Assets	8 157 000	5 111 000	4 295 000	4 185 000
Total Assets	9 405 000	6 327 000	4 740 000	4 625 000
Total Equity	4 269 000	3 258 000	3 702 000	3 144 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 535 000	1 549 000	268 000	565 000
Unpaid Taxes	1 107 000	683 000	243 000	300 000
Dividends	1 100 000	0	0	0
Other Current Debt	1 913 000	784 000	231 000	208 000
Total Current Debt	5 136 000	3 070 000	1 037 000	1 481 000
Total Equity and Debt	9 405 000	6 327 000	4 740 000	4 625 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,01 %	4,73 %	33,87 %	46,15 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,95 %	2,02 %	11,8 %	13,39 %
Current Ratio	1,59	1,66	4,14	2,83
Quick Ratio	1,67	1,96	7,46	4,09
Equity Ratio	0,45	0,51	0,78	0,68
Gross Profit Margin	25,57 %	32,31 %	34,22 %	28,83 %