HANESETH VVS SORTLAND AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

136,72 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	17 373 000	6 068 000	469 000
Net Income	2 070 000	392 000	−458 000
Total Assets	4 593 000	2 316 000	465 000
Total Equity	1 514 000	443 000	51 000

Income (NOK)	2022	2021	2020
Revenue	17 373 000	6 068 000	469 000
Expenditure	14 650 000	5 606 000	916 000
Operating Profit	2 722 000	462 000	−448 000
Financial Income	1 000	1 000	0
Financial Costs	88 000	71 000	10 000
Financial Balance	−87 000	−70 000	−10 000
Earnings Before Tax	2 635 000	392 000	−458 000
Tax	565 000	0	0
Net Income	2 070 000	392 000	−458 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	854 000	460 000	111 000
Total Current Assets	3 739 000	1 857 000	354 000
Total Assets	4 593 000	2 316 000	465 000
Total Retained Equity	1 004 000	−66 000	−458 000
Total Equity	1 514 000	443 000	51 000
Total Long-Term Debt	0	0	0
Total Current Debt	3 080 000	1 873 000	414 000
Total Equity and Debt	4 593 000	2 316 000	465 000

Cash flow (NOK)	2022	2021	2020
Sales Income	17 373 000	6 068 000	469 000
Other Income	0	0	0
Revenue	17 373 000	6 068 000	469 000
Cost of Goods Sold	5 774 000	1 850 000	192 000
Salary Costs	4 395 000	2 468 000	444 000
Depreciation	192 000	65 000	33 000
Impairment	0	0	0
Expenditure	14 650 000	5 606 000	916 000
Operating Profit	2 722 000	462 000	−448 000
Financial Income	1 000	1 000	0
Financial Costs	88 000	71 000	10 000
Financial Balance	−87 000	−70 000	−10 000
Dividends	1 000 000	0	0
Net Income	2 070 000	392 000	−458 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	131 000	136 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	723 000	324 000	111 000
Total Tangible Assets	854 000	460 000	111 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	854 000	460 000	111 000
Stock	167 000	61 000	4 000
Total Investments	0	0	0
Cash, Bank	1 615 000	255 000	102 000
Total Current Assets	3 739 000	1 857 000	354 000
Total Assets	4 593 000	2 316 000	465 000
Total Equity	1 514 000	443 000	51 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	140 000	1 098 000	219 000
Unpaid Taxes	911 000	474 000	80 000
Dividends	1 000 000	0	0
Other Current Debt	464 000	301 000	47 000
Total Current Debt	3 080 000	1 873 000	414 000
Total Equity and Debt	4 593 000	2 316 000	465 000

Financial indicators	2022	2021	2020
Return on Equity	136,72 %	88,49 %	−898,04 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	15,67 %	7,61 %	−95,52 %
Current Ratio	1,21	0,99	0,86
Quick Ratio	1,28	1,02	0,86
Equity Ratio	0,33	0,19	0,11
Gross Profit Margin	66,76 %	69,51 %	59,06 %