HEATWAVE AS

4611 KRISTIANSAND S

Finances

Return on Equity

25,94 %

Current Ratio

3,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 961 000	2 785 000	2 015 000	2 546 000
Net Income	522 000	1 205 000	1 505 000	399 000
Total Assets	2 392 000	3 091 000	2 389 000	1 024 000
Total Equity	2 012 000	2 489 000	1 884 000	379 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 961 000	2 785 000	2 015 000	2 546 000
Expenditure	1 290 000	1 546 000	1 244 000	2 033 000
Operating Profit	671 000	1 239 000	772 000	512 000
Financial Income	1 000	240 000	911 000	0
Financial Costs	0	1 000	9 000	0
Financial Balance	1 000	239 000	902 000	0
Earnings Before Tax	672 000	1 479 000	1 674 000	512 000
Tax	150 000	273 000	168 000	113 000
Net Income	522 000	1 205 000	1 505 000	399 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 161 000	688 000	561 000	459 000
Total Current Assets	1 231 000	2 403 000	1 828 000	564 000
Total Assets	2 392 000	3 091 000	2 389 000	1 024 000
Total Retained Equity	1 987 000	2 465 000	1 860 000	354 000
Total Equity	2 012 000	2 489 000	1 884 000	379 000
Total Long-Term Debt	0	2 000	3 000	0
Total Current Debt	380 000	599 000	502 000	645 000
Total Equity and Debt	2 392 000	3 091 000	2 389 000	1 024 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 961 000	2 785 000	2 015 000	2 546 000
Other Income	0	0	0	0
Revenue	1 961 000	2 785 000	2 015 000	2 546 000
Cost of Goods Sold	147 000	126 000	87 000	115 000
Salary Costs	862 000	880 000	804 000	925 000
Depreciation	27 000	27 000	11 000	12 000
Impairment	0	0	0	0
Expenditure	1 290 000	1 546 000	1 244 000	2 033 000
Operating Profit	671 000	1 239 000	772 000	512 000
Financial Income	1 000	240 000	911 000	0
Financial Costs	0	1 000	9 000	0
Financial Balance	1 000	239 000	902 000	0
Dividends	1 000 000	600 000	0	300 000
Net Income	522 000	1 205 000	1 505 000	399 000

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	70 000	97 000	124 000	0
Total Tangible Assets	70 000	97 000	124 000	0
Total Fiancial Fixed Assets	1 091 000	591 000	437 000	459 000
Total Fixed Assets	1 161 000	688 000	561 000	459 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 269 000	2 288 000	894 000	383 000
Total Current Assets	1 231 000	2 403 000	1 828 000	564 000
Total Assets	2 392 000	3 091 000	2 389 000	1 024 000
Total Equity	2 012 000	2 489 000	1 884 000	379 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	3 000	0
Creditors	3 000	14 000	51 000	16 000
Unpaid Taxes	136 000	211 000	190 000	101 000
Dividends	1 000 000	600 000	0	300 000
Other Current Debt	89 000	99 000	96 000	115 000
Total Current Debt	380 000	599 000	502 000	645 000
Total Equity and Debt	2 392 000	3 091 000	2 389 000	1 024 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,94 %	48,41 %	79,88 %	105,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	34,22 %	44,49 %	38,31 %	20,11 %
Current Ratio	3,24	4,01	3,64	0,87
Quick Ratio	3,24	4,01	3,64	0,87
Equity Ratio	0,84	0,81	0,79	0,37
Gross Profit Margin	92,5 %	95,48 %	95,68 %	95,48 %