H2 NORWAY AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

66,54 %

Current Ratio

7,31

Debt-to-Equity Ratio

1,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 518 000	22 393 000	2 946 000	0
Net Income	3 067 000	618 000	−1 082 000	2 000
Total Assets	14 469 000	8 112 000	2 826 000	1 012 000
Total Equity	4 609 000	1 542 000	921 000	1 003 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 518 000	22 393 000	2 946 000	0
Expenditure	46 778 000	21 851 000	4 461 000	0
Operating Profit	3 741 000	542 000	−1 515 000	0
Financial Income	850 000	210 000	1 000	0
Financial Costs	749 000	170 000	13 000	0
Financial Balance	101 000	40 000	−12 000	0
Earnings Before Tax	3 841 000	581 000	−1 527 000	0
Tax	775 000	−37 000	−445 000	−2 000
Net Income	3 067 000	618 000	−1 082 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	775 000	1 410 000	1 495 000	2 000
Total Current Assets	13 695 000	6 702 000	1 331 000	1 010 000
Total Assets	14 469 000	8 112 000	2 826 000	1 012 000
Total Retained Equity	2 605 000	−462 000	−1 080 000	2 000
Total Equity	4 609 000	1 542 000	921 000	1 003 000
Total Long-Term Debt	7 987 000	5 652 000	0	0
Total Current Debt	1 873 000	917 000	1 905 000	9 000
Total Equity and Debt	14 469 000	8 112 000	2 826 000	1 012 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 197 000	21 643 000	2 558 000	0
Other Income	321 000	750 000	388 000	0
Revenue	50 518 000	22 393 000	2 946 000	0
Cost of Goods Sold	39 081 000	15 745 000	496 000	0
Salary Costs	4 535 000	4 239 000	2 912 000	0
Depreciation	240 000	217 000	97 000	0
Impairment	0	0	0	0
Expenditure	46 778 000	21 851 000	4 461 000	0
Operating Profit	3 741 000	542 000	−1 515 000	0
Financial Income	850 000	210 000	1 000	0
Financial Costs	749 000	170 000	13 000	0
Financial Balance	101 000	40 000	−12 000	0
Dividends	0	0	0	0
Net Income	3 067 000	618 000	−1 082 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	185 000	682 000	840 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	52 000	61 000	70 000	0
Fixtures	539 000	667 000	586 000	0
Total Tangible Assets	590 000	728 000	655 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	775 000	1 410 000	1 495 000	2 000
Stock	733 000	999 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 306 000	1 539 000	741 000	1 010 000
Total Current Assets	13 695 000	6 702 000	1 331 000	1 010 000
Total Assets	14 469 000	8 112 000	2 826 000	1 012 000
Total Equity	4 609 000	1 542 000	921 000	1 003 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 987 000	5 652 000	0	0
Creditors	251 000	147 000	101 000	0
Unpaid Taxes	661 000	281 000	269 000	0
Dividends	0	0	0	0
Other Current Debt	956 000	489 000	1 536 000	9 000
Total Current Debt	1 873 000	917 000	1 905 000	9 000
Total Equity and Debt	14 469 000	8 112 000	2 826 000	1 012 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,54 %	40,08 %	−117,48 %	0,2 %
Debt-to-Equity Ratio	1,73	3,67	0	0
Operating Profit Margin	7,41 %	2,42 %	−51,43 %	-
Current Ratio	7,31	7,31	0,7	112,22
Quick Ratio	12,01	−81,73	0,7	112,22
Equity Ratio	0,32	0,19	0,33	0,99
Gross Profit Margin	22,64 %	29,69 %	83,16 %	-