HEIRO AS

1626 MANSTAD

Finances

Share Ownership

Return on Equity

−11,49 %

Current Ratio

4,5

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 462 000	4 091 000	4 424 000	3 923 000
Net Income	−669 000	−299 000	−1 574 000	−668 000
Total Assets	6 518 000	9 994 000	10 973 000	7 980 000
Total Equity	5 823 000	5 811 000	2 900 000	1 405 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 462 000	4 091 000	4 424 000	3 923 000
Expenditure	2 316 000	4 448 000	6 370 000	4 546 000
Operating Profit	−853 000	−356 000	−1 946 000	−623 000
Financial Income	0	1 000	1 000	3 000
Financial Costs	5 000	28 000	72 000	236 000
Financial Balance	−5 000	−27 000	−71 000	−233 000
Earnings Before Tax	−858 000	−384 000	−2 017 000	−856 000
Tax	−189 000	−84 000	−444 000	−188 000
Net Income	−669 000	−299 000	−1 574 000	−668 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 932 000	4 986 000	4 292 000	3 874 000
Total Current Assets	1 585 000	5 007 000	6 680 000	4 105 000
Total Assets	6 518 000	9 994 000	10 973 000	7 980 000
Total Retained Equity	5 723 000	5 711 000	2 800 000	1 305 000
Total Equity	5 823 000	5 811 000	2 900 000	1 405 000
Total Long-Term Debt	343 000	3 657 000	7 311 000	5 202 000
Total Current Debt	352 000	525 000	762 000	1 372 000
Total Equity and Debt	6 518 000	9 994 000	10 973 000	7 980 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 213 000	3 839 000	4 183 000	3 633 000
Other Income	249 000	252 000	241 000	290 000
Revenue	1 462 000	4 091 000	4 424 000	3 923 000
Cost of Goods Sold	905 000	3 646 000	4 967 000	2 800 000
Salary Costs	964 000	458 000	920 000	1 282 000
Depreciation	51 000	18 000	6 000	16 000
Impairment	0	0	0	0
Expenditure	2 316 000	4 448 000	6 370 000	4 546 000
Operating Profit	−853 000	−356 000	−1 946 000	−623 000
Financial Income	0	1 000	1 000	3 000
Financial Costs	5 000	28 000	72 000	236 000
Financial Balance	−5 000	−27 000	−71 000	−233 000
Dividends	0	0	0	0
Net Income	−669 000	−299 000	−1 574 000	−668 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 498 000	1 501 000	1 476 000	1 052 000
Real Eastate	1 397 000	1 397 000	1 397 000	1 397 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	640 000	691 000	22 000	28 000
Total Tangible Assets	2 038 000	2 088 000	1 419 000	1 425 000
Total Fiancial Fixed Assets	1 397 000	1 397 000	1 397 000	1 397 000
Total Fixed Assets	4 932 000	4 986 000	4 292 000	3 874 000
Stock	345 000	910 000	1 565 000	2 706 000
Total Investments	0	0	0	0
Cash, Bank	177 000	507 000	1 484 000	134 000
Total Current Assets	1 585 000	5 007 000	6 680 000	4 105 000
Total Assets	6 518 000	9 994 000	10 973 000	7 980 000
Total Equity	5 823 000	5 811 000	2 900 000	1 405 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	343 000	3 657 000	7 311 000	5 202 000
Creditors	130 000	6 000	131 000	51 000
Unpaid Taxes	65 000	12 000	125 000	171 000
Dividends	0	0	0	0
Other Current Debt	157 000	506 000	506 000	1 149 000
Total Current Debt	352 000	525 000	762 000	1 372 000
Total Equity and Debt	6 518 000	9 994 000	10 973 000	7 980 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,49 %	−5,15 %	−54,28 %	−47,54 %
Debt-to-Equity Ratio	0,06	0,63	2,52	3,7
Operating Profit Margin	−58,34 %	−8,7 %	−43,99 %	−15,88 %
Current Ratio	4,5	9,54	8,77	2,99
Quick Ratio	226,43	−13,01	−8,32	−3,08
Equity Ratio	0,89	0,58	0,26	0,18
Gross Profit Margin	38,1 %	10,88 %	−12,27 %	28,63 %