HETLAND AGDER AS

4848 ARENDAL

Finances

Return on Equity

82,06 %

Current Ratio

1,13

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 534 000	65 639 000	65 328 000	47 186 000
Net Income	6 554 000	4 516 000	2 964 000	1 347 000
Total Assets	30 964 000	22 629 000	31 809 000	39 649 000
Total Equity	7 987 000	6 035 000	4 822 000	3 859 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 534 000	65 639 000	65 328 000	47 186 000
Expenditure	56 558 000	59 421 000	60 662 000	45 138 000
Operating Profit	7 977 000	6 218 000	4 666 000	2 048 000
Financial Income	442 000	22 000	14 000	12 000
Financial Costs	115 000	442 000	871 000	332 000
Financial Balance	327 000	−420 000	−857 000	−320 000
Earnings Before Tax	8 304 000	5 798 000	3 809 000	1 728 000
Tax	1 750 000	1 282 000	845 000	381 000
Net Income	6 554 000	4 516 000	2 964 000	1 347 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 825 000	4 094 000	3 843 000	4 463 000
Total Current Assets	25 140 000	18 535 000	27 966 000	35 186 000
Total Assets	30 964 000	22 629 000	31 809 000	39 649 000
Total Retained Equity	7 863 000	5 911 000	4 683 000	3 720 000
Total Equity	7 987 000	6 035 000	4 822 000	3 859 000
Total Long-Term Debt	718 000	1 179 000	1 527 000	2 197 000
Total Current Debt	22 259 000	15 415 000	25 461 000	33 593 000
Total Equity and Debt	30 964 000	22 629 000	31 809 000	39 649 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 534 000	65 639 000	65 328 000	47 101 000
Other Income	0	0	0	85 000
Revenue	64 534 000	65 639 000	65 328 000	47 186 000
Cost of Goods Sold	37 536 000	42 922 000	45 907 000	29 271 000
Salary Costs	14 953 000	12 853 000	11 440 000	12 800 000
Depreciation	397 000	585 000	564 000	570 000
Impairment	0	0	0	0
Expenditure	56 558 000	59 421 000	60 662 000	45 138 000
Operating Profit	7 977 000	6 218 000	4 666 000	2 048 000
Financial Income	442 000	22 000	14 000	12 000
Financial Costs	115 000	442 000	871 000	332 000
Financial Balance	327 000	−420 000	−857 000	−320 000
Dividends	2 600 000	1 300 000	2 002 000	702 000
Net Income	6 554 000	4 516 000	2 964 000	1 347 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	51 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 226 000	1 619 000	1 419 000	2 039 000
Total Tangible Assets	2 226 000	1 619 000	1 419 000	2 039 000
Total Fiancial Fixed Assets	3 583 000	2 424 000	2 424 000	2 424 000
Total Fixed Assets	5 825 000	4 094 000	3 843 000	4 463 000
Stock	11 995 000	3 557 000	13 201 000	28 337 000
Total Investments	0	0	0	0
Cash, Bank	6 758 000	11 895 000	2 810 000	2 612 000
Total Current Assets	25 140 000	18 535 000	27 966 000	35 186 000
Total Assets	30 964 000	22 629 000	31 809 000	39 649 000
Total Equity	7 987 000	6 035 000	4 822 000	3 859 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	718 000	1 179 000	1 527 000	2 197 000
Creditors	3 242 000	2 464 000	4 335 000	4 067 000
Unpaid Taxes	1 984 000	2 218 000	1 681 000	2 478 000
Dividends	2 600 000	1 300 000	2 002 000	702 000
Other Current Debt	3 582 000	4 838 000	1 919 000	1 816 000
Total Current Debt	22 259 000	15 415 000	25 461 000	33 593 000
Total Equity and Debt	30 964 000	22 629 000	31 809 000	39 649 000

Financial indicators	2022	2021	2020	2019
Return on Equity	82,06 %	74,83 %	61,47 %	34,91 %
Debt-to-Equity Ratio	0,09	0,2	0,32	0,57
Operating Profit Margin	12,36 %	9,47 %	7,14 %	4,34 %
Current Ratio	1,13	1,2	1,1	1,05
Quick Ratio	2,45	1,56	2,28	6,69
Equity Ratio	0,26	0,27	0,15	0,1
Gross Profit Margin	41,84 %	34,61 %	29,73 %	37,97 %