HEAT FITNESS AS

4050 SOLA

Finances

Share Ownership

Return on Equity

50,61 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 303 000	1 967 000	1 318 000	1 149 000
Net Income	124 000	68 000	54 000	135 000
Total Assets	479 000	467 000	405 000	180 000
Total Equity	245 000	122 000	53 000	−1 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 303 000	1 967 000	1 318 000	1 149 000
Expenditure	1 150 000	1 879 000	1 256 000	1 009 000
Operating Profit	154 000	88 000	63 000	140 000
Financial Income	0	0	0	0
Financial Costs	0	0	3 000	5 000
Financial Balance	0	0	−3 000	−5 000
Earnings Before Tax	154 000	87 000	60 000	135 000
Tax	30 000	19 000	6 000	0
Net Income	124 000	68 000	54 000	135 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 000	32 000	38 000	56 000
Total Current Assets	437 000	435 000	368 000	123 000
Total Assets	479 000	467 000	405 000	180 000
Total Retained Equity	215 000	92 000	23 000	−31 000
Total Equity	245 000	122 000	53 000	−1 000
Total Long-Term Debt	0	0	0	42 000
Total Current Debt	234 000	345 000	352 000	138 000
Total Equity and Debt	479 000	467 000	405 000	180 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 358 000	1 937 000	1 318 000	1 149 000
Other Income	−55 000	30 000	0	0
Revenue	1 303 000	1 967 000	1 318 000	1 149 000
Cost of Goods Sold	326 000	461 000	554 000	395 000
Salary Costs	129 000	741 000	146 000	48 000
Depreciation	8 000	11 000	16 000	23 000
Impairment	0	0	0	0
Expenditure	1 150 000	1 879 000	1 256 000	1 009 000
Operating Profit	154 000	88 000	63 000	140 000
Financial Income	0	0	0	0
Financial Costs	0	0	3 000	5 000
Financial Balance	0	0	−3 000	−5 000
Dividends	0	0	0	0
Net Income	124 000	68 000	54 000	135 000

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	18 000	26 000	38 000	54 000
Total Tangible Assets	18 000	26 000	38 000	54 000
Total Fiancial Fixed Assets	24 000	5 000	0	2 000
Total Fixed Assets	42 000	32 000	38 000	56 000
Stock	199 000	126 000	25 000	38 000
Total Investments	0	0	0	0
Cash, Bank	236 000	231 000	275 000	30 000
Total Current Assets	437 000	435 000	368 000	123 000
Total Assets	479 000	467 000	405 000	180 000
Total Equity	245 000	122 000	53 000	−1 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	42 000
Creditors	9 000	61 000	186 000	85 000
Unpaid Taxes	24 000	88 000	5 000	4 000
Dividends	0	0	0	0
Other Current Debt	166 000	152 000	155 000	50 000
Total Current Debt	234 000	345 000	352 000	138 000
Total Equity and Debt	479 000	467 000	405 000	180 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,61 %	55,74 %	101,89 %	−13 500 %
Debt-to-Equity Ratio	0	0	0	−42
Operating Profit Margin	11,82 %	4,47 %	4,78 %	12,18 %
Current Ratio	1,87	1,26	1,05	0,89
Quick Ratio	12,49	1,99	1,13	1,23
Equity Ratio	0,51	0,26	0,13	−0,01
Gross Profit Margin	74,98 %	76,56 %	57,97 %	65,62 %