H2O RØRSERVICE AS

2067 JESSHEIM

Finances

Share Ownership

Return on Equity

76,85 %

Current Ratio

0,49

Debt-to-Equity Ratio

−0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 979 000	1 518 000	2 193 000	1 792 000
Net Income	−249 000	218 000	232 000	−544 000
Total Assets	374 000	457 000	243 000	189 000
Total Equity	−324 000	−75 000	−293 000	−525 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 979 000	1 518 000	2 193 000	1 792 000
Expenditure	2 216 000	1 263 000	1 925 000	2 335 000
Operating Profit	−236 000	254 000	269 000	−542 000
Financial Income	0	−7 000	−1 000	1 000
Financial Costs	13 000	29 000	36 000	3 000
Financial Balance	−13 000	−36 000	−37 000	−2 000
Earnings Before Tax	−249 000	218 000	232 000	−544 000
Tax	0	0	0	0
Net Income	−249 000	218 000	232 000	−544 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	210 000	99 000	84 000
Total Current Assets	322 000	247 000	144 000	105 000
Total Assets	374 000	457 000	243 000	189 000
Total Retained Equity	−348 000	−99 000	−317 000	−550 000
Total Equity	−324 000	−75 000	−293 000	−525 000
Total Long-Term Debt	40 000	51 000	76 000	0
Total Current Debt	658 000	480 000	460 000	715 000
Total Equity and Debt	374 000	457 000	243 000	189 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 979 000	1 518 000	2 182 000	1 792 000
Other Income	0	0	11 000	0
Revenue	1 979 000	1 518 000	2 193 000	1 792 000
Cost of Goods Sold	895 000	549 000	1 045 000	1 086 000
Salary Costs	588 000	286 000	427 000	953 000
Depreciation	24 000	26 000	21 000	2 000
Impairment	0	0	0	0
Expenditure	2 216 000	1 263 000	1 925 000	2 335 000
Operating Profit	−236 000	254 000	269 000	−542 000
Financial Income	0	−7 000	−1 000	1 000
Financial Costs	13 000	29 000	36 000	3 000
Financial Balance	−13 000	−36 000	−37 000	−2 000
Dividends	0	0	0	0
Net Income	−249 000	218 000	232 000	−544 000

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	52 000	76 000	100 000	32 000
Total Tangible Assets	52 000	76 000	100 000	32 000
Total Fiancial Fixed Assets	0	134 000	−1 000	52 000
Total Fixed Assets	52 000	210 000	99 000	84 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	161 000	82 000	46 000	6 000
Total Current Assets	322 000	247 000	144 000	105 000
Total Assets	374 000	457 000	243 000	189 000
Total Equity	−324 000	−75 000	−293 000	−525 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	40 000	51 000	76 000	0
Creditors	331 000	236 000	218 000	86 000
Unpaid Taxes	228 000	220 000	127 000	390 000
Dividends	0	0	0	0
Other Current Debt	100 000	25 000	115 000	238 000
Total Current Debt	658 000	480 000	460 000	715 000
Total Equity and Debt	374 000	457 000	243 000	189 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,85 %	−290,67 %	−79,18 %	103,62 %
Debt-to-Equity Ratio	−0,12	−0,68	−0,26	−0
Operating Profit Margin	−11,93 %	16,73 %	12,27 %	−30,25 %
Current Ratio	0,49	0,51	0,31	0,15
Quick Ratio	0,49	0,51	0,31	0,15
Equity Ratio	−0,87	−0,16	−1,21	−2,78
Gross Profit Margin	54,78 %	63,83 %	52,35 %	39,4 %