HES UTVIKLING AS

2864 FALL

Finances

Share Ownership

Return on Equity

71,84 %

Current Ratio

0,13

Debt-to-Equity Ratio

−4,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	736 000	38 000	1 645 000	0
Net Income	−903 000	−321 000	−119 000	−13 000
Total Assets	6 062 000	9 967 000	550 000	92 000
Total Equity	−1 257 000	−354 000	−33 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	736 000	38 000	1 645 000	0
Expenditure	1 179 000	334 000	1 723 000	16 000
Operating Profit	−443 000	−296 000	−78 000	−16 000
Financial Income	2 000	1 000	0	0
Financial Costs	461 000	26 000	37 000	0
Financial Balance	−459 000	−25 000	−37 000	0
Earnings Before Tax	−903 000	−321 000	−116 000	−16 000
Tax	0	0	4 000	−4 000
Net Income	−903 000	−321 000	−119 000	−13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 803 000	5 433 000	0	4 000
Total Current Assets	259 000	4 534 000	550 000	88 000
Total Assets	6 062 000	9 967 000	550 000	92 000
Total Retained Equity	−1 356 000	−453 000	−132 000	−13 000
Total Equity	−1 257 000	−354 000	−33 000	86 000
Total Long-Term Debt	5 254 000	5 300 000	531 000	0
Total Current Debt	2 065 000	5 021 000	53 000	6 000
Total Equity and Debt	6 062 000	9 967 000	550 000	92 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	1 645 000	0
Other Income	736 000	38 000	0	0
Revenue	736 000	38 000	1 645 000	0
Cost of Goods Sold	240 000	55 000	1 707 000	0
Salary Costs	0	0	0	0
Depreciation	151 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 179 000	334 000	1 723 000	16 000
Operating Profit	−443 000	−296 000	−78 000	−16 000
Financial Income	2 000	1 000	0	0
Financial Costs	461 000	26 000	37 000	0
Financial Balance	−459 000	−25 000	−37 000	0
Dividends	0	0	0	0
Net Income	−903 000	−321 000	−119 000	−13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	4 000
Real Eastate	5 710 000	5 433 000	0	0
Machinery and Plant Facilities	19 000	0	0	0
Fixtures	74 000	0	0	0
Total Tangible Assets	5 803 000	5 433 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 803 000	5 433 000	0	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	18 000	4 534 000	550 000	88 000
Total Current Assets	259 000	4 534 000	550 000	88 000
Total Assets	6 062 000	9 967 000	550 000	92 000
Total Equity	−1 257 000	−354 000	−33 000	86 000
Short-Term Group Debt	1 573 000	4 548 000	0	0
Total Long-Term Debt	5 254 000	5 300 000	531 000	0
Creditors	96 000	222 000	33 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	396 000	251 000	20 000	6 000
Total Current Debt	2 065 000	5 021 000	53 000	6 000
Total Equity and Debt	6 062 000	9 967 000	550 000	92 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,84 %	90,68 %	360,61 %	−15,12 %
Debt-to-Equity Ratio	−4,18	−14,97	−16,09	0
Operating Profit Margin	−60,19 %	−778,95 %	−4,74 %	-
Current Ratio	0,13	0,9	10,38	14,67
Quick Ratio	0,13	0,9	10,38	14,67
Equity Ratio	−0,21	−0,04	−0,06	0,93
Gross Profit Margin	67,39 %	−44,74 %	−3,77 %	-