HEATEXP AS

7075 TILLER

Finances

Share Ownership

Return on Equity

27,77 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2021	2020	2019	2018
Revenue	15 333 000	6 862 000	5 350 000	2 888 000
Net Income	889 000	6 000	−1 424 000	−406 000
Total Assets	10 458 000	6 628 000	6 175 000	3 856 000
Total Equity	3 201 000	2 312 000	2 306 000	610 000

Income (NOK)	2021	2020	2019	2018
Revenue	15 333 000	6 862 000	5 350 000	2 888 000
Expenditure	14 103 000	6 594 000	6 521 000	3 204 000
Operating Profit	1 229 000	267 000	−1 170 000	−316 000
Financial Income	112 000	68 000	73 000	8 000
Financial Costs	452 000	329 000	328 000	99 000
Financial Balance	−340 000	−261 000	−255 000	−91 000
Earnings Before Tax	889 000	6 000	−1 424 000	−406 000
Tax	0	0	0	0
Net Income	889 000	6 000	−1 424 000	−406 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	1 820 000	1 815 000	1 507 000	30 000
Total Current Assets	8 638 000	4 813 000	4 667 000	3 826 000
Total Assets	10 458 000	6 628 000	6 175 000	3 856 000
Total Retained Equity	−705 000	−1 593 000	−1 599 000	−796 000
Total Equity	3 201 000	2 312 000	2 306 000	610 000
Total Long-Term Debt	750 000	959 000	950 000	1 784 000
Total Current Debt	6 507 000	3 357 000	2 918 000	1 461 000
Total Equity and Debt	10 458 000	6 628 000	6 175 000	3 856 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	15 333 000	6 860 000	5 300 000	2 734 000
Other Income	0	2 000	50 000	155 000
Revenue	15 333 000	6 862 000	5 350 000	2 888 000
Cost of Goods Sold	8 804 000	3 830 000	3 427 000	884 000
Salary Costs	2 040 000	906 000	841 000	1 094 000
Depreciation	348 000	258 000	39 000	6 000
Impairment	0	0	0	0
Expenditure	14 103 000	6 594 000	6 521 000	3 204 000
Operating Profit	1 229 000	267 000	−1 170 000	−316 000
Financial Income	112 000	68 000	73 000	8 000
Financial Costs	452 000	329 000	328 000	99 000
Financial Balance	−340 000	−261 000	−255 000	−91 000
Dividends	0	0	0	0
Net Income	889 000	6 000	−1 424 000	−406 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	1 769 000	1 731 000	1 432 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	51 000	84 000	75 000	19 000
Total Tangible Assets	51 000	84 000	75 000	19 000
Total Fiancial Fixed Assets	0	0	0	8 000
Total Fixed Assets	1 820 000	1 815 000	1 507 000	30 000
Stock	6 780 000	2 435 000	2 692 000	2 004 000
Total Investments	0	0	0	0
Cash, Bank	448 000	1 154 000	76 000	739 000
Total Current Assets	8 638 000	4 813 000	4 667 000	3 826 000
Total Assets	10 458 000	6 628 000	6 175 000	3 856 000
Total Equity	3 201 000	2 312 000	2 306 000	610 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	750 000	959 000	950 000	1 784 000
Creditors	2 396 000	257 000	429 000	902 000
Unpaid Taxes	810 000	692 000	701 000	422 000
Dividends	0	0	0	0
Other Current Debt	928 000	166 000	271 000	138 000
Total Current Debt	6 507 000	3 357 000	2 918 000	1 461 000
Total Equity and Debt	10 458 000	6 628 000	6 175 000	3 856 000

Financial indicators	2021	2020	2019	2018
Return on Equity	27,77 %	0,26 %	−61,75 %	−66,56 %
Debt-to-Equity Ratio	0,23	0,41	0,41	2,92
Operating Profit Margin	8,02 %	3,89 %	−21,87 %	−10,94 %
Current Ratio	1,33	1,43	1,6	2,62
Quick Ratio	−31,64	5,22	20,65	−7,05
Equity Ratio	0,31	0,35	0,37	0,16
Gross Profit Margin	42,58 %	44,19 %	35,94 %	69,39 %