HEAT AS

1350 LOMMEDALEN

Finances

Return on Equity

22,26 %

Current Ratio

0,17

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 449 000	4 037 000	3 100 000	4 729 000
Net Income	−150 000	78 000	−634 000	20 000
Total Assets	472 000	571 000	496 000	303 000
Total Equity	−674 000	−524 000	−704 000	−70 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 449 000	4 037 000	3 100 000	4 729 000
Expenditure	4 630 000	3 938 000	3 886 000	4 709 000
Operating Profit	−192 000	100 000	−784 000	20 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	2 000	0
Financial Balance	0	−1 000	−2 000	0
Earnings Before Tax	−192 000	99 000	−786 000	20 000
Tax	−42 000	22 000	−152 000	0
Net Income	−150 000	78 000	−634 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	282 000	264 000	208 000	126 000
Total Current Assets	190 000	307 000	288 000	178 000
Total Assets	472 000	571 000	496 000	303 000
Total Retained Equity	−774 000	−624 000	−804 000	−170 000
Total Equity	−674 000	−524 000	−704 000	−70 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 146 000	1 095 000	1 201 000	373 000
Total Equity and Debt	472 000	571 000	496 000	303 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 390 000	3 121 000	2 737 000	4 729 000
Other Income	59 000	916 000	362 000	0
Revenue	4 449 000	4 037 000	3 100 000	4 729 000
Cost of Goods Sold	113 000	168 000	176 000	317 000
Salary Costs	2 120 000	1 675 000	1 518 000	1 968 000
Depreciation	25 000	25 000	39 000	43 000
Impairment	0	0	0	0
Expenditure	4 630 000	3 938 000	3 886 000	4 709 000
Operating Profit	−192 000	100 000	−784 000	20 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	2 000	0
Financial Balance	0	−1 000	−2 000	0
Dividends	0	0	0	0
Net Income	−150 000	78 000	−634 000	20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	275 000	233 000	152 000	0
Real Eastate	0	0	0	25 000
Machinery and Plant Facilities	4 000	11 000	18 000	0
Fixtures	3 000	21 000	39 000	71 000
Total Tangible Assets	6 000	31 000	56 000	96 000
Total Fiancial Fixed Assets	0	0	0	30 000
Total Fixed Assets	282 000	264 000	208 000	126 000
Stock	15 000	27 000	26 000	24 000
Total Investments	30 000	30 000	30 000	0
Cash, Bank	93 000	203 000	135 000	147 000
Total Current Assets	190 000	307 000	288 000	178 000
Total Assets	472 000	571 000	496 000	303 000
Total Equity	−674 000	−524 000	−704 000	−70 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	135 000	37 000	14 000	−55 000
Unpaid Taxes	113 000	104 000	59 000	184 000
Dividends	0	0	0	0
Other Current Debt	897 000	954 000	1 128 000	244 000
Total Current Debt	1 146 000	1 095 000	1 201 000	373 000
Total Equity and Debt	472 000	571 000	496 000	303 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,26 %	−14,89 %	90,06 %	−28,57 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−4,32 %	2,48 %	−25,29 %	0,42 %
Current Ratio	0,17	0,28	0,24	0,48
Quick Ratio	0,17	0,29	0,25	0,51
Equity Ratio	−1,43	−0,92	−1,42	−0,23
Gross Profit Margin	97,46 %	95,84 %	94,32 %	93,3 %