HOEL TECH AS

0380 OSLO

Finances

Return on Equity

22,5 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	536 000	719 000	206 000
Net Income	119 000	311 000	74 000
Total Assets	650 000	305 000	193 000
Total Equity	529 000	409 000	99 000

Income (NOK)	2022	2021	2020
Revenue	536 000	719 000	206 000
Expenditure	389 000	342 000	110 000
Operating Profit	146 000	377 000	95 000
Financial Income	4 000	18 000	0
Financial Costs	1 000	1 000	0
Financial Balance	3 000	17 000	0
Earnings Before Tax	150 000	394 000	95 000
Tax	31 000	83 000	21 000
Net Income	119 000	311 000	74 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	396 000	72 000	72 000
Total Current Assets	254 000	234 000	122 000
Total Assets	650 000	305 000	193 000
Total Retained Equity	499 000	385 000	74 000
Total Equity	529 000	409 000	99 000
Total Long-Term Debt	0	0	0
Total Current Debt	121 000	−104 000	95 000
Total Equity and Debt	650 000	305 000	193 000

Cash flow (NOK)	2022	2021	2020
Sales Income	536 000	719 000	206 000
Other Income	0	0	0
Revenue	536 000	719 000	206 000
Cost of Goods Sold	0	0	0
Salary Costs	384 000	318 000	109 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	389 000	342 000	110 000
Operating Profit	146 000	377 000	95 000
Financial Income	4 000	18 000	0
Financial Costs	1 000	1 000	0
Financial Balance	3 000	17 000	0
Dividends	0	0	0
Net Income	119 000	311 000	74 000

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	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	396 000	72 000	72 000
Total Fixed Assets	396 000	72 000	72 000
Stock	0	0	0
Total Investments	18 000	126 000	0
Cash, Bank	147 000	23 000	70 000
Total Current Assets	254 000	234 000	122 000
Total Assets	650 000	305 000	193 000
Total Equity	529 000	409 000	99 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	45 000	95 000	67 000
Dividends	0	0	0
Other Current Debt	44 000	31 000	82 000
Total Current Debt	121 000	−104 000	95 000
Total Equity and Debt	650 000	305 000	193 000

Financial indicators	2022	2021	2020
Return on Equity	22,5 %	76,04 %	74,75 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	27,24 %	52,43 %	46,12 %
Current Ratio	2,1	−2,25	1,28
Quick Ratio	2,1	−2,25	1,28
Equity Ratio	0,81	1,34	0,51
Gross Profit Margin	100 %	100 %	100 %