HELGELAND ENGINEERING AS

8642 FINNEIDFJORD

Finances

Return on Equity

78,81 %

Current Ratio

2,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 206 000	210 000	200 000	0
Net Income	740 000	101 000	95 000	−83 000
Total Assets	1 434 000	378 000	344 000	254 000
Total Equity	939 000	199 000	97 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 206 000	210 000	200 000	0
Expenditure	1 224 000	98 000	92 000	67 000
Operating Profit	981 000	112 000	108 000	−67 000
Financial Income	0	0	0	0
Financial Costs	19 000	11 000	13 000	16 000
Financial Balance	−19 000	−11 000	−13 000	−16 000
Earnings Before Tax	963 000	101 000	95 000	−83 000
Tax	222 000	0	0	0
Net Income	740 000	101 000	95 000	−83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	333 000	73 000	90 000	252 000
Total Current Assets	1 101 000	305 000	254 000	1 000
Total Assets	1 434 000	378 000	344 000	254 000
Total Retained Equity	−461 000	−1 201 000	−1 303 000	−1 398 000
Total Equity	939 000	199 000	97 000	2 000
Total Long-Term Debt	0	137 000	187 000	237 000
Total Current Debt	495 000	42 000	59 000	14 000
Total Equity and Debt	1 434 000	378 000	344 000	254 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 206 000	210 000	200 000	0
Other Income	0	0	0	0
Revenue	2 206 000	210 000	200 000	0
Cost of Goods Sold	192 000	0	76 000	0
Salary Costs	723 000	5 000	0	0
Depreciation	25 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 224 000	98 000	92 000	67 000
Operating Profit	981 000	112 000	108 000	−67 000
Financial Income	0	0	0	0
Financial Costs	19 000	11 000	13 000	16 000
Financial Balance	−19 000	−11 000	−13 000	−16 000
Dividends	0	0	0	0
Net Income	740 000	101 000	95 000	−83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	76 000
Machinery and Plant Facilities	275 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	275 000	0	0	76 000
Total Fiancial Fixed Assets	58 000	73 000	90 000	176 000
Total Fixed Assets	333 000	73 000	90 000	252 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	893 000	8 000	213 000	1 000
Total Current Assets	1 101 000	305 000	254 000	1 000
Total Assets	1 434 000	378 000	344 000	254 000
Total Equity	939 000	199 000	97 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	137 000	187 000	237 000
Creditors	6 000	0	0	0
Unpaid Taxes	146 000	16 000	48 000	2 000
Dividends	0	0	0	0
Other Current Debt	121 000	26 000	11 000	12 000
Total Current Debt	495 000	42 000	59 000	14 000
Total Equity and Debt	1 434 000	378 000	344 000	254 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,81 %	50,75 %	97,94 %	−4 150 %
Debt-to-Equity Ratio	0	0,69	1,93	118,5
Operating Profit Margin	44,47 %	53,33 %	54 %	-
Current Ratio	2,22	7,26	4,31	0,07
Quick Ratio	2,22	7,26	4,31	0,07
Equity Ratio	0,65	0,53	0,28	0,01
Gross Profit Margin	91,3 %	100 %	62 %	-