H2 ELEKTRO AS

5464 DIMMELSVIK

Finances

Return on Equity

58,11 %

Current Ratio

1,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 979 000	30 136 000	22 302 000	19 439 000
Net Income	4 451 000	3 839 000	2 925 000	1 814 000
Total Assets	19 632 000	15 184 000	11 604 000	9 862 000
Total Equity	7 660 000	6 709 000	4 870 000	4 734 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 979 000	30 136 000	22 302 000	19 439 000
Expenditure	26 277 000	25 219 000	18 550 000	17 133 000
Operating Profit	5 702 000	4 918 000	3 751 000	2 306 000
Financial Income	26 000	13 000	27 000	28 000
Financial Costs	2 000	2 000	18 000	2 000
Financial Balance	24 000	11 000	9 000	26 000
Earnings Before Tax	5 725 000	4 929 000	3 760 000	2 331 000
Tax	1 275 000	1 090 000	835 000	518 000
Net Income	4 451 000	3 839 000	2 925 000	1 814 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	457 000	530 000	273 000	343 000
Total Current Assets	19 175 000	14 655 000	11 331 000	9 519 000
Total Assets	19 632 000	15 184 000	11 604 000	9 862 000
Total Retained Equity	7 610 000	6 659 000	4 820 000	4 704 000
Total Equity	7 660 000	6 709 000	4 870 000	4 734 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 972 000	8 475 000	6 734 000	5 128 000
Total Equity and Debt	19 632 000	15 184 000	11 604 000	9 862 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 979 000	30 136 000	22 302 000	19 439 000
Other Income	0	0	0	0
Revenue	31 979 000	30 136 000	22 302 000	19 439 000
Cost of Goods Sold	10 849 000	11 093 000	8 027 000	7 560 000
Salary Costs	12 159 000	10 988 000	7 978 000	7 406 000
Depreciation	212 000	169 000	108 000	74 000
Impairment	0	0	0	0
Expenditure	26 277 000	25 219 000	18 550 000	17 133 000
Operating Profit	5 702 000	4 918 000	3 751 000	2 306 000
Financial Income	26 000	13 000	27 000	28 000
Financial Costs	2 000	2 000	18 000	2 000
Financial Balance	24 000	11 000	9 000	26 000
Dividends	3 500 000	2 000 000	2 000 000	600 000
Net Income	4 451 000	3 839 000	2 925 000	1 814 000

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	404 000	449 000	254 000	309 000
Total Tangible Assets	404 000	449 000	254 000	309 000
Total Fiancial Fixed Assets	53 000	81 000	19 000	34 000
Total Fixed Assets	457 000	530 000	273 000	343 000
Stock	3 151 000	2 624 000	2 300 000	1 974 000
Total Investments	0	0	0	0
Cash, Bank	5 523 000	3 808 000	3 961 000	4 119 000
Total Current Assets	19 175 000	14 655 000	11 331 000	9 519 000
Total Assets	19 632 000	15 184 000	11 604 000	9 862 000
Total Equity	7 660 000	6 709 000	4 870 000	4 734 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 656 000	1 234 000	1 056 000	1 974 000
Unpaid Taxes	3 414 000	3 150 000	2 101 000	1 364 000
Dividends	3 500 000	2 000 000	2 000 000	600 000
Other Current Debt	4 627 000	3 001 000	742 000	673 000
Total Current Debt	11 972 000	8 475 000	6 734 000	5 128 000
Total Equity and Debt	19 632 000	15 184 000	11 604 000	9 862 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,11 %	57,22 %	60,06 %	38,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,83 %	16,32 %	16,82 %	11,86 %
Current Ratio	1,6	1,73	1,68	1,86
Quick Ratio	2,17	2,5	2,56	3,02
Equity Ratio	0,39	0,44	0,42	0,48
Gross Profit Margin	66,07 %	63,19 %	64,01 %	61,11 %