HEATECH AS

9525 MAZE

Finances

Share Ownership

Return on Equity

33,15 %

Current Ratio

1,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 415 000	1 854 000	1 527 000
Net Income	182 000	330 000	8 000
Total Assets	1 060 000	838 000	751 000
Total Equity	549 000	367 000	38 000

Income (NOK)	2022	2021	2020
Revenue	3 415 000	1 854 000	1 527 000
Expenditure	3 182 000	1 430 000	1 517 000
Operating Profit	233 000	423 000	10 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Earnings Before Tax	232 000	423 000	10 000
Tax	51 000	93 000	2 000
Net Income	182 000	330 000	8 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	110 000	0	0
Total Current Assets	951 000	838 000	751 000
Total Assets	1 060 000	838 000	751 000
Total Retained Equity	519 000	337 000	8 000
Total Equity	549 000	367 000	38 000
Total Long-Term Debt	0	0	0
Total Current Debt	511 000	470 000	713 000
Total Equity and Debt	1 060 000	838 000	751 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 415 000	1 854 000	1 527 000
Other Income	0	0	0
Revenue	3 415 000	1 854 000	1 527 000
Cost of Goods Sold	5 000	1 000	15 000
Salary Costs	2 751 000	1 272 000	1 380 000
Depreciation	13 000	0	0
Impairment	0	0	0
Expenditure	3 182 000	1 430 000	1 517 000
Operating Profit	233 000	423 000	10 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Dividends	0	0	0
Net Income	182 000	330 000	8 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	63 000	0	0
Fixtures	0	0	0
Total Tangible Assets	63 000	0	0
Total Fiancial Fixed Assets	47 000	0	0
Total Fixed Assets	110 000	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	707 000	122 000	502 000
Total Current Assets	951 000	838 000	751 000
Total Assets	1 060 000	838 000	751 000
Total Equity	549 000	367 000	38 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	29 000	25 000	21 000
Unpaid Taxes	158 000	197 000	183 000
Dividends	0	0	0
Other Current Debt	274 000	155 000	507 000
Total Current Debt	511 000	470 000	713 000
Total Equity and Debt	1 060 000	838 000	751 000

Financial indicators	2022	2021	2020
Return on Equity	33,15 %	89,92 %	21,05 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	6,82 %	22,82 %	0,65 %
Current Ratio	1,86	1,78	1,05
Quick Ratio	1,86	1,78	1,05
Equity Ratio	0,52	0,44	0,05
Gross Profit Margin	99,85 %	99,95 %	99,02 %