HEATWORK NORWAY AS

8514 NARVIK

Finances

Share Ownership

Return on Equity

19,02 %

Current Ratio

3,83

Debt-to-Equity Ratio

0,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	112 116 000	103 101 000	51 909 000	95 281 000
Net Income	14 163 000	15 224 000	3 836 000	12 328 000
Total Assets	113 997 000	89 870 000	73 978 000	78 524 000
Total Equity	74 470 000	60 307 000	51 083 000	47 247 000

Income (NOK)	2022	2021	2020	2019
Revenue	112 116 000	103 101 000	51 909 000	95 281 000
Expenditure	95 679 000	82 964 000	46 900 000	78 869 000
Operating Profit	16 437 000	20 137 000	5 008 000	16 411 000
Financial Income	2 874 000	373 000	1 085 000	471 000
Financial Costs	1 692 000	971 000	1 163 000	1 059 000
Financial Balance	1 182 000	−598 000	−78 000	−588 000
Earnings Before Tax	17 619 000	19 540 000	4 930 000	15 823 000
Tax	3 456 000	4 316 000	1 094 000	3 495 000
Net Income	14 163 000	15 224 000	3 836 000	12 328 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 743 000	31 688 000	31 678 000	31 857 000
Total Current Assets	82 254 000	58 182 000	42 300 000	46 667 000
Total Assets	113 997 000	89 870 000	73 978 000	78 524 000
Total Retained Equity	69 294 000	55 131 000	45 907 000	42 071 000
Total Equity	74 470 000	60 307 000	51 083 000	47 247 000
Total Long-Term Debt	18 031 000	9 957 000	14 819 000	13 609 000
Total Current Debt	21 496 000	19 606 000	8 076 000	17 668 000
Total Equity and Debt	113 997 000	89 870 000	73 978 000	78 524 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	111 498 000	102 479 000	51 160 000	94 535 000
Other Income	619 000	622 000	748 000	745 000
Revenue	112 116 000	103 101 000	51 909 000	95 281 000
Cost of Goods Sold	53 620 000	46 061 000	22 710 000	43 000 000
Salary Costs	23 444 000	20 017 000	12 347 000	18 412 000
Depreciation	6 393 000	5 768 000	5 072 000	4 904 000
Impairment	0	0	0	0
Expenditure	95 679 000	82 964 000	46 900 000	78 869 000
Operating Profit	16 437 000	20 137 000	5 008 000	16 411 000
Financial Income	2 874 000	373 000	1 085 000	471 000
Financial Costs	1 692 000	971 000	1 163 000	1 059 000
Financial Balance	1 182 000	−598 000	−78 000	−588 000
Dividends	0	6 000 000	0	0
Net Income	14 163 000	15 224 000	3 836 000	12 328 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 764 000	20 483 000	19 592 000	19 330 000
Real Eastate	8 126 000	7 547 000	8 225 000	8 360 000
Machinery and Plant Facilities	634 000	643 000	788 000	735 000
Fixtures	2 111 000	2 907 000	2 965 000	3 324 000
Total Tangible Assets	10 871 000	11 097 000	11 978 000	12 419 000
Total Fiancial Fixed Assets	108 000	108 000	108 000	108 000
Total Fixed Assets	31 743 000	31 688 000	31 678 000	31 857 000
Stock	52 715 000	38 458 000	33 647 000	29 933 000
Total Investments	0	0	0	0
Cash, Bank	12 525 000	3 114 000	614 000	4 351 000
Total Current Assets	82 254 000	58 182 000	42 300 000	46 667 000
Total Assets	113 997 000	89 870 000	73 978 000	78 524 000
Total Equity	74 470 000	60 307 000	51 083 000	47 247 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 031 000	9 957 000	14 819 000	13 609 000
Creditors	6 693 000	3 660 000	2 423 000	3 726 000
Unpaid Taxes	6 051 000	7 436 000	2 182 000	6 270 000
Dividends	0	6 000 000	0	0
Other Current Debt	5 194 000	4 498 000	2 636 000	4 012 000
Total Current Debt	21 496 000	19 606 000	8 076 000	17 668 000
Total Equity and Debt	113 997 000	89 870 000	73 978 000	78 524 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,02 %	25,24 %	7,51 %	26,09 %
Debt-to-Equity Ratio	0,24	0,17	0,29	0,29
Operating Profit Margin	14,66 %	19,53 %	9,65 %	17,22 %
Current Ratio	3,83	2,97	5,24	2,64
Quick Ratio	−2,63	−3,09	−1,65	−3,8
Equity Ratio	0,65	0,67	0,69	0,6
Gross Profit Margin	52,17 %	55,32 %	56,25 %	54,87 %