HEDMARK ELEMENTMONTASJE AS

2406 ELVERUM

Finances

Share Ownership

Return on Equity

27,25 %

Current Ratio

1,54

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 495 000	12 829 000	14 247 000	12 695 000
Net Income	535 000	351 000	166 000	141 000
Total Assets	6 526 000	4 783 000	3 870 000	3 505 000
Total Equity	1 963 000	1 428 000	1 078 000	912 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 495 000	12 829 000	14 247 000	12 695 000
Expenditure	17 766 000	12 359 000	14 000 000	12 493 000
Operating Profit	729 000	470 000	246 000	202 000
Financial Income	8 000	1 000	1 000	22 000
Financial Costs	51 000	30 000	26 000	15 000
Financial Balance	−43 000	−29 000	−25 000	7 000
Earnings Before Tax	686 000	442 000	222 000	209 000
Tax	151 000	91 000	56 000	68 000
Net Income	535 000	351 000	166 000	141 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 071 000	927 000	486 000	465 000
Total Current Assets	5 456 000	3 857 000	3 384 000	3 039 000
Total Assets	6 526 000	4 783 000	3 870 000	3 505 000
Total Retained Equity	1 720 000	1 185 000	1 055 000	889 000
Total Equity	1 963 000	1 428 000	1 078 000	912 000
Total Long-Term Debt	1 010 000	777 000	292 000	206 000
Total Current Debt	3 553 000	2 578 000	2 501 000	2 387 000
Total Equity and Debt	6 526 000	4 783 000	3 870 000	3 505 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 411 000	12 829 000	14 247 000	12 546 000
Other Income	84 000	0	0	149 000
Revenue	18 495 000	12 829 000	14 247 000	12 695 000
Cost of Goods Sold	5 996 000	3 174 000	4 317 000	1 605 000
Salary Costs	9 522 000	7 284 000	7 567 000	7 064 000
Depreciation	276 000	192 000	186 000	138 000
Impairment	0	0	0	0
Expenditure	17 766 000	12 359 000	14 000 000	12 493 000
Operating Profit	729 000	470 000	246 000	202 000
Financial Income	8 000	1 000	1 000	22 000
Financial Costs	51 000	30 000	26 000	15 000
Financial Balance	−43 000	−29 000	−25 000	7 000
Dividends	0	0	0	0
Net Income	535 000	351 000	166 000	141 000

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	21 000	0	0	0
Fixtures	935 000	927 000	480 000	450 000
Total Tangible Assets	957 000	927 000	480 000	450 000
Total Fiancial Fixed Assets	114 000	0	6 000	15 000
Total Fixed Assets	1 071 000	927 000	486 000	465 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 003 000	1 497 000	337 000	1 108 000
Total Current Assets	5 456 000	3 857 000	3 384 000	3 039 000
Total Assets	6 526 000	4 783 000	3 870 000	3 505 000
Total Equity	1 963 000	1 428 000	1 078 000	912 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 010 000	777 000	292 000	206 000
Creditors	945 000	599 000	509 000	575 000
Unpaid Taxes	896 000	684 000	620 000	667 000
Dividends	0	0	0	0
Other Current Debt	1 711 000	1 213 000	1 317 000	1 076 000
Total Current Debt	3 553 000	2 578 000	2 501 000	2 387 000
Total Equity and Debt	6 526 000	4 783 000	3 870 000	3 505 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,25 %	24,58 %	15,4 %	15,46 %
Debt-to-Equity Ratio	0,51	0,54	0,27	0,23
Operating Profit Margin	3,94 %	3,66 %	1,73 %	1,59 %
Current Ratio	1,54	1,5	1,35	1,27
Quick Ratio	1,54	1,5	1,35	1,27
Equity Ratio	0,3	0,3	0,28	0,26
Gross Profit Margin	67,58 %	75,26 %	69,7 %	87,36 %