HETLAND & SANDÅS AS

4842 ARENDAL

Finances

Share Ownership

Return on Equity

54,58 %

Current Ratio

4,66

Debt-to-Equity Ratio

−49,21

Key figures (NOK)	2022	2021	2020
Revenue	6 500 000	0	0
Net Income	−155 000	−173 000	−58 000
Total Assets	17 405 000	14 811 000	3 252 000
Total Equity	−284 000	−129 000	44 000

Income (NOK)	2022	2021	2020
Revenue	6 500 000	0	0
Expenditure	5 900 000	1 000	48 000
Operating Profit	600 000	−1 000	−48 000
Financial Income	0	0	0
Financial Costs	799 000	221 000	26 000
Financial Balance	−799 000	−221 000	−26 000
Earnings Before Tax	−199 000	−222 000	−74 000
Tax	−44 000	−49 000	−16 000
Net Income	−155 000	−173 000	−58 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	109 000	65 000	16 000
Total Current Assets	17 296 000	14 746 000	3 235 000
Total Assets	17 405 000	14 811 000	3 252 000
Total Retained Equity	−386 000	−231 000	−58 000
Total Equity	−284 000	−129 000	44 000
Total Long-Term Debt	13 975 000	13 888 000	3 068 000
Total Current Debt	3 714 000	1 052 000	139 000
Total Equity and Debt	17 405 000	14 811 000	3 252 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 500 000	0	0
Other Income	0	0	0
Revenue	6 500 000	0	0
Cost of Goods Sold	5 850 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	5 900 000	1 000	48 000
Operating Profit	600 000	−1 000	−48 000
Financial Income	0	0	0
Financial Costs	799 000	221 000	26 000
Financial Balance	−799 000	−221 000	−26 000
Dividends	0	0	0
Net Income	−155 000	−173 000	−58 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	109 000	65 000	16 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	109 000	65 000	16 000
Stock	16 579 000	14 663 000	3 170 000
Total Investments	0	0	0
Cash, Bank	718 000	83 000	66 000
Total Current Assets	17 296 000	14 746 000	3 235 000
Total Assets	17 405 000	14 811 000	3 252 000
Total Equity	−284 000	−129 000	44 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	13 975 000	13 888 000	3 068 000
Creditors	1 898 000	332 000	39 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	1 816 000	720 000	100 000
Total Current Debt	3 714 000	1 052 000	139 000
Total Equity and Debt	17 405 000	14 811 000	3 252 000

Financial indicators	2022	2021	2020
Return on Equity	54,58 %	134,11 %	−131,82 %
Debt-to-Equity Ratio	−49,21	−107,66	69,73
Operating Profit Margin	9,23 %	-	-
Current Ratio	4,66	14,02	23,27
Quick Ratio	−1,34	−1,08	−1,07
Equity Ratio	−0,02	−0,01	0,01
Gross Profit Margin	10 %	-	-