HELEMETS PRO AS

8480 ANDENES

Finances

Share Ownership

Return on Equity

75,7 %

Current Ratio

0,41

Debt-to-Equity Ratio

−0,34

Key figures (NOK)	2020	2019	2018
Revenue	4 163 000	4 647 000	2 862 000
Net Income	−517 000	−3 000	−211 000
Total Assets	392 000	392 000	306 000
Total Equity	−683 000	−166 000	−181 000

Income (NOK)	2020	2019	2018
Revenue	4 163 000	4 647 000	2 862 000
Expenditure	4 658 000	4 622 000	3 067 000
Operating Profit	−495 000	26 000	−206 000
Financial Income	0	0	0
Financial Costs	22 000	29 000	5 000
Financial Balance	−22 000	−29 000	−5 000
Earnings Before Tax	−517 000	−3 000	−211 000
Tax	0	0	0
Net Income	−517 000	−3 000	−211 000

Balance (NOK)	2020	2019	2018
Total Fixed Assets	45 000	59 000	59 000
Total Current Assets	347 000	332 000	247 000
Total Assets	392 000	392 000	306 000
Total Retained Equity	−713 000	−196 000	−211 000
Total Equity	−683 000	−166 000	−181 000
Total Long-Term Debt	234 000	−164 000	−9 000
Total Current Debt	840 000	721 000	496 000
Total Equity and Debt	392 000	392 000	306 000

Cash flow (NOK)	2020	2019	2018
Sales Income	4 163 000	4 647 000	2 862 000
Other Income	0	0	0
Revenue	4 163 000	4 647 000	2 862 000
Cost of Goods Sold	3 544 000	2 531 000	1 825 000
Salary Costs	508 000	1 536 000	1 051 000
Depreciation	14 000	19 000	19 000
Impairment	0	0	0
Expenditure	4 658 000	4 622 000	3 067 000
Operating Profit	−495 000	26 000	−206 000
Financial Income	0	0	0
Financial Costs	22 000	29 000	5 000
Financial Balance	−22 000	−29 000	−5 000
Dividends	0	0	0
Net Income	−517 000	−3 000	−211 000

Balance details (NOK)	2020	2019	2018
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	45 000	59 000	59 000
Total Tangible Assets	45 000	59 000	59 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	45 000	59 000	59 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	310 000	188 000	237 000
Total Current Assets	347 000	332 000	247 000
Total Assets	392 000	392 000	306 000
Total Equity	−683 000	−166 000	−181 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	234 000	−164 000	−9 000
Creditors	112 000	0	15 000
Unpaid Taxes	692 000	584 000	378 000
Dividends	0	0	0
Other Current Debt	36 000	137 000	102 000
Total Current Debt	840 000	721 000	496 000
Total Equity and Debt	392 000	392 000	306 000

Financial indicators	2020	2019	2018
Return on Equity	75,7 %	1,81 %	116,57 %
Debt-to-Equity Ratio	−0,34	0,99	0,05
Operating Profit Margin	−11,89 %	0,56 %	−7,2 %
Current Ratio	0,41	0,46	0,5
Quick Ratio	0,41	0,46	0,5
Equity Ratio	−1,74	−0,42	−0,59
Gross Profit Margin	14,87 %	45,53 %	36,23 %