HVACS AS

7100 RISSA

Finances

Share Ownership

Return on Equity

28,58 %

Current Ratio

3,55

Debt-to-Equity Ratio

5,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 818 000	8 724 000	4 527 000	4 367 000
Net Income	703 000	−1 333 000	−1 545 000	13 000
Total Assets	22 536 000	4 096 000	4 609 000	3 881 000
Total Equity	2 460 000	1 757 000	89 000	492 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 818 000	8 724 000	4 527 000	4 367 000
Expenditure	45 487 000	10 080 000	5 916 000	4 287 000
Operating Profit	332 000	−1 355 000	−1 389 000	81 000
Financial Income	876 000	102 000	1 000	3 000
Financial Costs	505 000	79 000	157 000	70 000
Financial Balance	371 000	23 000	−156 000	−67 000
Earnings Before Tax	703 000	−1 333 000	−1 545 000	13 000
Tax	0	0	0	0
Net Income	703 000	−1 333 000	−1 545 000	13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	131 000	28 000	38 000	22 000
Total Current Assets	22 405 000	4 068 000	4 572 000	3 860 000
Total Assets	22 536 000	4 096 000	4 609 000	3 881 000
Total Retained Equity	−2 660 000	−3 363 000	−2 030 000	−485 000
Total Equity	2 460 000	1 757 000	89 000	492 000
Total Long-Term Debt	13 774 000	1 386 000	1 840 000	850 000
Total Current Debt	6 303 000	953 000	2 680 000	2 540 000
Total Equity and Debt	22 536 000	4 096 000	4 609 000	3 881 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 818 000	8 724 000	4 527 000	4 367 000
Other Income	0	0	0	0
Revenue	45 818 000	8 724 000	4 527 000	4 367 000
Cost of Goods Sold	38 547 000	6 402 000	3 398 000	2 746 000
Salary Costs	3 427 000	2 033 000	1 187 000	765 000
Depreciation	18 000	10 000	9 000	2 000
Impairment	0	0	0	0
Expenditure	45 487 000	10 080 000	5 916 000	4 287 000
Operating Profit	332 000	−1 355 000	−1 389 000	81 000
Financial Income	876 000	102 000	1 000	3 000
Financial Costs	505 000	79 000	157 000	70 000
Financial Balance	371 000	23 000	−156 000	−67 000
Dividends	0	0	0	0
Net Income	703 000	−1 333 000	−1 545 000	13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 000	15 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	120 000	12 000	37 000	21 000
Total Tangible Assets	130 000	27 000	37 000	21 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	131 000	28 000	38 000	22 000
Stock	14 402 000	2 032 000	1 544 000	2 062 000
Total Investments	0	0	0	0
Cash, Bank	−2 855 000	1 118 000	217 000	23 000
Total Current Assets	22 405 000	4 068 000	4 572 000	3 860 000
Total Assets	22 536 000	4 096 000	4 609 000	3 881 000
Total Equity	2 460 000	1 757 000	89 000	492 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 774 000	1 386 000	1 840 000	850 000
Creditors	1 910 000	216 000	489 000	939 000
Unpaid Taxes	2 557 000	366 000	515 000	445 000
Dividends	0	0	0	0
Other Current Debt	1 836 000	371 000	1 676 000	75 000
Total Current Debt	6 303 000	953 000	2 680 000	2 540 000
Total Equity and Debt	22 536 000	4 096 000	4 609 000	3 881 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,58 %	−75,87 %	−1 735,96 %	2,64 %
Debt-to-Equity Ratio	5,6	0,79	20,67	1,73
Operating Profit Margin	0,72 %	−15,53 %	−30,68 %	1,85 %
Current Ratio	3,55	4,27	1,71	1,52
Quick Ratio	−2,77	−3,77	4,02	8,08
Equity Ratio	0,11	0,43	0,02	0,13
Gross Profit Margin	15,87 %	26,62 %	24,94 %	37,12 %