NORHEAT AS

2383 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

39,97 %

Current Ratio

1,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 089 000	54 535 000	55 314 000	56 092 000
Net Income	5 501 000	4 866 000	3 477 000	3 435 000
Total Assets	32 637 000	28 548 000	23 916 000	24 610 000
Total Equity	13 764 000	12 162 000	10 659 000	8 639 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 089 000	54 535 000	55 314 000	56 092 000
Expenditure	53 004 000	48 238 000	50 695 000	51 629 000
Operating Profit	7 085 000	6 298 000	4 619 000	4 462 000
Financial Income	132 000	57 000	71 000	43 000
Financial Costs	156 000	110 000	227 000	93 000
Financial Balance	−24 000	−53 000	−156 000	−50 000
Earnings Before Tax	7 061 000	6 244 000	4 462 000	4 412 000
Tax	1 560 000	1 378 000	986 000	977 000
Net Income	5 501 000	4 866 000	3 477 000	3 435 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 442 000	3 250 000	3 502 000	3 818 000
Total Current Assets	30 195 000	25 298 000	20 414 000	20 791 000
Total Assets	32 637 000	28 548 000	23 916 000	24 610 000
Total Retained Equity	8 564 000	6 962 000	5 459 000	3 439 000
Total Equity	13 764 000	12 162 000	10 659 000	8 639 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	18 873 000	16 385 000	13 256 000	15 971 000
Total Equity and Debt	32 637 000	28 548 000	23 916 000	24 610 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 089 000	54 533 000	54 902 000	55 978 000
Other Income	0	2 000	413 000	113 000
Revenue	60 089 000	54 535 000	55 314 000	56 092 000
Cost of Goods Sold	27 611 000	25 970 000	26 458 000	28 281 000
Salary Costs	17 446 000	15 582 000	16 698 000	15 693 000
Depreciation	1 154 000	1 266 000	1 202 000	1 028 000
Impairment	0	0	0	0
Expenditure	53 004 000	48 238 000	50 695 000	51 629 000
Operating Profit	7 085 000	6 298 000	4 619 000	4 462 000
Financial Income	132 000	57 000	71 000	43 000
Financial Costs	156 000	110 000	227 000	93 000
Financial Balance	−24 000	−53 000	−156 000	−50 000
Dividends	0	0	1 000 000	3 000 000
Net Income	5 501 000	4 866 000	3 477 000	3 435 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	376 000	248 000	173 000	132 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	504 000	630 000	844 000	579 000
Fixtures	1 293 000	2 104 000	2 485 000	3 107 000
Total Tangible Assets	1 797 000	2 734 000	3 329 000	3 686 000
Total Fiancial Fixed Assets	269 000	269 000	0	0
Total Fixed Assets	2 442 000	3 250 000	3 502 000	3 818 000
Stock	2 484 000	1 700 000	1 212 000	860 000
Total Investments	0	0	0	0
Cash, Bank	13 714 000	10 356 000	8 628 000	4 561 000
Total Current Assets	30 195 000	25 298 000	20 414 000	20 791 000
Total Assets	32 637 000	28 548 000	23 916 000	24 610 000
Total Equity	13 764 000	12 162 000	10 659 000	8 639 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 573 000	3 985 000	2 991 000	5 528 000
Unpaid Taxes	4 747 000	3 857 000	3 093 000	4 456 000
Dividends	0	0	1 000 000	3 000 000
Other Current Debt	9 965 000	8 039 000	5 275 000	2 005 000
Total Current Debt	18 873 000	16 385 000	13 256 000	15 971 000
Total Equity and Debt	32 637 000	28 548 000	23 916 000	24 610 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,97 %	40,01 %	32,62 %	39,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,79 %	11,55 %	8,35 %	7,95 %
Current Ratio	1,6	1,54	1,54	1,3
Quick Ratio	1,84	1,72	1,69	1,38
Equity Ratio	0,42	0,43	0,45	0,35
Gross Profit Margin	54,05 %	52,38 %	52,17 %	49,58 %