HEAT CON VARMETEKNIKK AS

1081 OSLO

Finances

Share Ownership

Return on Equity

64,66 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 243 000	16 228 000	21 226 000	19 836 000
Net Income	2 042 000	1 026 000	−145 000	250 000
Total Assets	11 209 000	6 450 000	7 393 000	3 968 000
Total Equity	3 158 000	1 916 000	1 682 000	1 827 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 243 000	16 228 000	21 226 000	19 836 000
Expenditure	16 875 000	14 814 000	21 166 000	19 544 000
Operating Profit	2 368 000	1 415 000	59 000	292 000
Financial Income	582 000	320 000	387 000	222 000
Financial Costs	478 000	427 000	407 000	263 000
Financial Balance	104 000	−107 000	−20 000	−41 000
Earnings Before Tax	2 471 000	1 308 000	40 000	250 000
Tax	429 000	282 000	185 000	0
Net Income	2 042 000	1 026 000	−145 000	250 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	393 000	214 000	12 000	19 000
Total Current Assets	10 815 000	6 236 000	7 381 000	3 949 000
Total Assets	11 209 000	6 450 000	7 393 000	3 968 000
Total Retained Equity	3 008 000	1 766 000	1 532 000	1 677 000
Total Equity	3 158 000	1 916 000	1 682 000	1 827 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 051 000	4 534 000	5 712 000	2 141 000
Total Equity and Debt	11 209 000	6 450 000	7 393 000	3 968 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 241 000	16 228 000	21 226 000	19 836 000
Other Income	2 000	0	0	0
Revenue	19 243 000	16 228 000	21 226 000	19 836 000
Cost of Goods Sold	13 051 000	11 145 000	15 867 000	14 496 000
Salary Costs	2 631 000	2 327 000	2 723 000	2 620 000
Depreciation	75 000	16 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	16 875 000	14 814 000	21 166 000	19 544 000
Operating Profit	2 368 000	1 415 000	59 000	292 000
Financial Income	582 000	320 000	387 000	222 000
Financial Costs	478 000	427 000	407 000	263 000
Financial Balance	104 000	−107 000	−20 000	−41 000
Dividends	800 000	792 000	0	240 000
Net Income	2 042 000	1 026 000	−145 000	250 000

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	393 000	214 000	12 000	19 000
Total Tangible Assets	393 000	214 000	12 000	19 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	393 000	214 000	12 000	19 000
Stock	631 000	350 000	478 000	361 000
Total Investments	0	0	0	0
Cash, Bank	4 210 000	4 244 000	1 435 000	2 165 000
Total Current Assets	10 815 000	6 236 000	7 381 000	3 949 000
Total Assets	11 209 000	6 450 000	7 393 000	3 968 000
Total Equity	3 158 000	1 916 000	1 682 000	1 827 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 600 000	940 000	1 293 000	743 000
Unpaid Taxes	1 133 000	718 000	1 751 000	717 000
Dividends	800 000	792 000	0	240 000
Other Current Debt	3 088 000	1 803 000	2 477 000	441 000
Total Current Debt	8 051 000	4 534 000	5 712 000	2 141 000
Total Equity and Debt	11 209 000	6 450 000	7 393 000	3 968 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,66 %	53,55 %	−8,62 %	13,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,31 %	8,72 %	0,28 %	1,47 %
Current Ratio	1,34	1,38	1,29	1,84
Quick Ratio	1,46	1,49	1,41	2,22
Equity Ratio	0,28	0,3	0,23	0,46
Gross Profit Margin	32,18 %	31,32 %	25,25 %	26,92 %