HERØYA ELEKTRO AS

3921 PORSGRUNN

Finances

Share Ownership

Return on Equity

13,03 %

Current Ratio

2,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 994 000	9 842 000	10 742 000	10 198 000
Net Income	327 000	430 000	341 000	6 000
Total Assets	4 138 000	4 310 000	4 343 000	3 554 000
Total Equity	2 510 000	2 384 000	2 154 000	1 814 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 994 000	9 842 000	10 742 000	10 198 000
Expenditure	10 432 000	9 521 000	10 392 000	10 219 000
Operating Profit	369 000	433 000	555 000	15 000
Financial Income	1 000	1 000	1 000	3 000
Financial Costs	2 000	4 000	5 000	4 000
Financial Balance	−1 000	−3 000	−4 000	−1 000
Earnings Before Tax	368 000	430 000	551 000	13 000
Tax	42 000	0	210 000	7 000
Net Income	327 000	430 000	341 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	142 000	1 000	8 000	16 000
Total Current Assets	3 996 000	4 309 000	4 335 000	3 538 000
Total Assets	4 138 000	4 310 000	4 343 000	3 554 000
Total Retained Equity	2 444 000	2 488 000	2 258 000	1 918 000
Total Equity	2 510 000	2 384 000	2 154 000	1 814 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 628 000	1 926 000	2 189 000	1 741 000
Total Equity and Debt	4 138 000	4 310 000	4 343 000	3 554 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 994 000	9 841 000	10 742 000	10 007 000
Other Income	0	1 000	1 000	191 000
Revenue	10 994 000	9 842 000	10 742 000	10 198 000
Cost of Goods Sold	4 529 000	3 834 000	4 505 000	3 952 000
Salary Costs	4 590 000	4 390 000	4 220 000	4 773 000
Depreciation	18 000	8 000	8 000	74 000
Impairment	0	0	0	0
Expenditure	10 432 000	9 521 000	10 392 000	10 219 000
Operating Profit	369 000	433 000	555 000	15 000
Financial Income	1 000	1 000	1 000	3 000
Financial Costs	2 000	4 000	5 000	4 000
Financial Balance	−1 000	−3 000	−4 000	−1 000
Dividends	200 000	200 000	0	0
Net Income	327 000	430 000	341 000	6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	16 000
Fixtures	142 000	1 000	8 000	0
Total Tangible Assets	142 000	1 000	8 000	16 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	142 000	1 000	8 000	16 000
Stock	321 000	514 000	402 000	198 000
Total Investments	0	0	0	0
Cash, Bank	229 000	524 000	346 000	336 000
Total Current Assets	3 996 000	4 309 000	4 335 000	3 538 000
Total Assets	4 138 000	4 310 000	4 343 000	3 554 000
Total Equity	2 510 000	2 384 000	2 154 000	1 814 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	333 000	497 000	703 000	552 000
Unpaid Taxes	795 000	782 000	852 000	601 000
Dividends	200 000	200 000	0	0
Other Current Debt	458 000	447 000	423 000	580 000
Total Current Debt	1 628 000	1 926 000	2 189 000	1 741 000
Total Equity and Debt	4 138 000	4 310 000	4 343 000	3 554 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,03 %	18,04 %	15,83 %	0,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,36 %	4,4 %	5,17 %	0,15 %
Current Ratio	2,45	2,24	1,98	2,03
Quick Ratio	3,06	3,05	2,43	2,29
Equity Ratio	0,61	0,55	0,5	0,51
Gross Profit Margin	58,8 %	61,04 %	58,06 %	61,25 %