HELGA ENGINEERING AS

5582 ØLENSVÅG

Finances

Share Ownership

Return on Equity

6,74 %

Current Ratio

0,57

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	819 000	356 000	76 000	838 000
Net Income	−6 000	91 000	−198 000	79 000
Total Assets	174 000	12 000	4 000	213 000
Total Equity	−89 000	−83 000	−135 000	63 000

Income (NOK)	2022	2021	2020	2019
Revenue	819 000	356 000	76 000	838 000
Expenditure	850 000	235 000	272 000	738 000
Operating Profit	−32 000	120 000	−196 000	101 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	5 000	2 000
Financial Balance	0	−4 000	−5 000	−2 000
Earnings Before Tax	−32 000	117 000	−200 000	99 000
Tax	−26 000	25 000	−2 000	20 000
Net Income	−6 000	91 000	−198 000	79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 000	0	0	98 000
Total Current Assets	150 000	12 000	4 000	115 000
Total Assets	174 000	12 000	4 000	213 000
Total Retained Equity	−119 000	−113 000	−165 000	33 000
Total Equity	−89 000	−83 000	−135 000	63 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	263 000	95 000	139 000	150 000
Total Equity and Debt	174 000	12 000	4 000	213 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	819 000	356 000	76 000	838 000
Other Income	0	0	0	0
Revenue	819 000	356 000	76 000	838 000
Cost of Goods Sold	0	0	0	225 000
Salary Costs	677 000	132 000	157 000	394 000
Depreciation	3 000	0	0	0
Impairment	0	0	0	0
Expenditure	850 000	235 000	272 000	738 000
Operating Profit	−32 000	120 000	−196 000	101 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	5 000	2 000
Financial Balance	0	−4 000	−5 000	−2 000
Dividends	0	39 000	0	0
Net Income	−6 000	91 000	−198 000	79 000

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	13 000	0	0	0
Total Tangible Assets	13 000	0	0	0
Total Fiancial Fixed Assets	11 000	0	0	98 000
Total Fixed Assets	24 000	0	0	98 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	80 000	3 000	4 000	115 000
Total Current Assets	150 000	12 000	4 000	115 000
Total Assets	174 000	12 000	4 000	213 000
Total Equity	−89 000	−83 000	−135 000	63 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	−6 000
Unpaid Taxes	110 000	4 000	4 000	56 000
Dividends	0	39 000	0	0
Other Current Debt	134 000	46 000	136 000	78 000
Total Current Debt	263 000	95 000	139 000	150 000
Total Equity and Debt	174 000	12 000	4 000	213 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,74 %	−109,64 %	146,67 %	125,4 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−3,91 %	33,71 %	−257,89 %	12,05 %
Current Ratio	0,57	0,13	0,03	0,77
Quick Ratio	0,57	0,13	0,03	0,77
Equity Ratio	−0,51	−6,92	−33,75	0,3
Gross Profit Margin	100 %	100 %	100 %	73,15 %