HETLAND ELEKTRO AS

3530 RØYSE

Finances

Share Ownership

Return on Equity

70,91 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 837 000	8 646 000	7 289 000	6 050 000
Net Income	468 000	498 000	504 000	196 000
Total Assets	2 761 000	2 925 000	2 300 000	1 653 000
Total Equity	660 000	643 000	595 000	491 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 837 000	8 646 000	7 289 000	6 050 000
Expenditure	10 153 000	7 942 000	6 581 000	5 776 000
Operating Profit	684 000	703 000	708 000	274 000
Financial Income	0	6 000	0	0
Financial Costs	26 000	21 000	15 000	14 000
Financial Balance	−26 000	−15 000	−15 000	−14 000
Earnings Before Tax	658 000	688 000	693 000	260 000
Tax	190 000	190 000	189 000	64 000
Net Income	468 000	498 000	504 000	196 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	581 000	753 000	285 000	370 000
Total Current Assets	2 180 000	2 172 000	2 015 000	1 283 000
Total Assets	2 761 000	2 925 000	2 300 000	1 653 000
Total Retained Equity	560 000	543 000	495 000	391 000
Total Equity	660 000	643 000	595 000	491 000
Total Long-Term Debt	330 000	415 000	0	0
Total Current Debt	1 771 000	1 867 000	1 705 000	1 162 000
Total Equity and Debt	2 761 000	2 925 000	2 300 000	1 653 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 908 000	8 569 000	7 229 000	6 234 000
Other Income	−71 000	77 000	60 000	−184 000
Revenue	10 837 000	8 646 000	7 289 000	6 050 000
Cost of Goods Sold	5 416 000	3 233 000	2 514 000	1 885 000
Salary Costs	3 467 000	3 613 000	3 165 000	3 064 000
Depreciation	159 000	111 000	58 000	50 000
Impairment	0	0	0	0
Expenditure	10 153 000	7 942 000	6 581 000	5 776 000
Operating Profit	684 000	703 000	708 000	274 000
Financial Income	0	6 000	0	0
Financial Costs	26 000	21 000	15 000	14 000
Financial Balance	−26 000	−15 000	−15 000	−14 000
Dividends	450 000	450 000	400 000	200 000
Net Income	468 000	498 000	504 000	196 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	25 000	28 000	30 000	33 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	526 000	650 000	127 000	157 000
Total Tangible Assets	551 000	678 000	157 000	190 000
Total Fiancial Fixed Assets	30 000	75 000	127 000	180 000
Total Fixed Assets	581 000	753 000	285 000	370 000
Stock	883 000	734 000	483 000	590 000
Total Investments	0	0	0	0
Cash, Bank	636 000	850 000	647 000	114 000
Total Current Assets	2 180 000	2 172 000	2 015 000	1 283 000
Total Assets	2 761 000	2 925 000	2 300 000	1 653 000
Total Equity	660 000	643 000	595 000	491 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	330 000	415 000	0	0
Creditors	267 000	328 000	290 000	88 000
Unpaid Taxes	474 000	490 000	453 000	341 000
Dividends	450 000	450 000	400 000	200 000
Other Current Debt	381 000	859 000	773 000	906 000
Total Current Debt	1 771 000	1 867 000	1 705 000	1 162 000
Total Equity and Debt	2 761 000	2 925 000	2 300 000	1 653 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,91 %	77,45 %	84,71 %	39,92 %
Debt-to-Equity Ratio	0,5	0,65	0	0
Operating Profit Margin	6,31 %	8,13 %	9,71 %	4,53 %
Current Ratio	1,23	1,16	1,18	1,1
Quick Ratio	2,45	1,92	1,65	2,24
Equity Ratio	0,24	0,22	0,26	0,3
Gross Profit Margin	50,02 %	62,61 %	65,51 %	68,84 %