HEARTIC PRODUCTION AS

9514 ALTA

Finances

Share Ownership

Return on Equity

−19,35 %

Current Ratio

1,29

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019
Revenue	14 000	64 000	28 000
Net Income	−6 000	36 000	9 000
Total Assets	69 000	90 000	50 000
Total Equity	31 000	37 000	27 000

Income (NOK)	2021	2020	2019
Revenue	14 000	64 000	28 000
Expenditure	20 000	16 000	16 000
Operating Profit	−6 000	48 000	12 000
Financial Income	0	0	0
Financial Costs	0	2 000	3 000
Financial Balance	0	−2 000	−3 000
Earnings Before Tax	−6 000	47 000	9 000
Tax	0	10 000	1 000
Net Income	−6 000	36 000	9 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	20 000	0	0
Total Current Assets	49 000	90 000	50 000
Total Assets	69 000	90 000	50 000
Total Retained Equity	7 000	13 000	9 000
Total Equity	31 000	37 000	27 000
Total Long-Term Debt	0	0	0
Total Current Debt	38 000	53 000	23 000
Total Equity and Debt	69 000	90 000	50 000

Cash flow (NOK)	2021	2020	2019
Sales Income	14 000	64 000	28 000
Other Income	0	0	0
Revenue	14 000	64 000	28 000
Cost of Goods Sold	8 000	7 000	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	20 000	16 000	16 000
Operating Profit	−6 000	48 000	12 000
Financial Income	0	0	0
Financial Costs	0	2 000	3 000
Financial Balance	0	−2 000	−3 000
Dividends	0	32 000	0
Net Income	−6 000	36 000	9 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	20 000	0	0
Total Tangible Assets	20 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	20 000	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	45 000	58 000	50 000
Total Current Assets	49 000	90 000	50 000
Total Assets	69 000	90 000	50 000
Total Equity	31 000	37 000	27 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	3 000	11 000	2 000
Unpaid Taxes	0	0	0
Dividends	0	32 000	0
Other Current Debt	35 000	0	21 000
Total Current Debt	38 000	53 000	23 000
Total Equity and Debt	69 000	90 000	50 000

Financial indicators	2021	2020	2019
Return on Equity	−19,35 %	97,3 %	33,33 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−42,86 %	75 %	42,86 %
Current Ratio	1,29	1,7	2,17
Quick Ratio	1,29	1,7	2,17
Equity Ratio	0,45	0,41	0,54
Gross Profit Margin	42,86 %	89,06 %	100 %