H2O VVS SERVICE AS

1156 OSLO

Finances

Share Ownership

Return on Equity

22,65 %

Current Ratio

0,52

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 478 000	1 556 000	973 000	407 000
Net Income	−118 000	−538 000	−20 000	132 000
Total Assets	682 000	399 000	274 000	248 000
Total Equity	−521 000	−403 000	135 000	155 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 478 000	1 556 000	973 000	407 000
Expenditure	1 602 000	2 071 000	991 000	239 000
Operating Profit	−124 000	−514 000	−19 000	169 000
Financial Income	1 000	0	0	0
Financial Costs	28 000	24 000	1 000	2 000
Financial Balance	−27 000	−24 000	−1 000	−2 000
Earnings Before Tax	−150 000	−538 000	−19 000	167 000
Tax	−32 000	−1 000	1 000	36 000
Net Income	−118 000	−538 000	−20 000	132 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	57 000	15 000	15 000	0
Total Current Assets	625 000	384 000	259 000	248 000
Total Assets	682 000	399 000	274 000	248 000
Total Retained Equity	−544 000	−426 000	112 000	132 000
Total Equity	−521 000	−403 000	135 000	155 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	1 203 000	802 000	139 000	94 000
Total Equity and Debt	682 000	399 000	274 000	248 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 476 000	1 556 000	973 000	406 000
Other Income	3 000	0	0	1 000
Revenue	1 478 000	1 556 000	973 000	407 000
Cost of Goods Sold	1 126 000	1 021 000	393 000	63 000
Salary Costs	12 000	326 000	54 000	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 602 000	2 071 000	991 000	239 000
Operating Profit	−124 000	−514 000	−19 000	169 000
Financial Income	1 000	0	0	0
Financial Costs	28 000	24 000	1 000	2 000
Financial Balance	−27 000	−24 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	−118 000	−538 000	−20 000	132 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	32 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	25 000	15 000	15 000	0
Total Fixed Assets	57 000	15 000	15 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	270 000	126 000	232 000	121 000
Total Current Assets	625 000	384 000	259 000	248 000
Total Assets	682 000	399 000	274 000	248 000
Total Equity	−521 000	−403 000	135 000	155 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	439 000	121 000	84 000	39 000
Unpaid Taxes	31 000	109 000	17 000	8 000
Dividends	0	0	0	0
Other Current Debt	384 000	221 000	38 000	12 000
Total Current Debt	1 203 000	802 000	139 000	94 000
Total Equity and Debt	682 000	399 000	274 000	248 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,65 %	133,5 %	−14,81 %	85,16 %
Debt-to-Equity Ratio	−0	−0	0,01	0
Operating Profit Margin	−8,39 %	−33,03 %	−1,95 %	41,52 %
Current Ratio	0,52	0,48	1,86	2,64
Quick Ratio	0,52	0,48	1,86	2,64
Equity Ratio	−0,76	−1,01	0,49	0,63
Gross Profit Margin	23,82 %	34,38 %	59,61 %	84,52 %