HELGELAND VEKST AS

8800 SANDNESSJØEN

Finances

Return on Equity

2,86 %

Current Ratio

2,12

Debt-to-Equity Ratio

1,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 148 000	569 000	4 872 000	104 000
Net Income	303 000	−17 000	3 942 000	29 000
Total Assets	23 382 000	25 953 000	16 448 000	2 940 000
Total Equity	10 609 000	10 306 000	6 410 000	1 555 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 148 000	569 000	4 872 000	104 000
Expenditure	449 000	589 000	525 000	70 000
Operating Profit	699 000	−20 000	4 347 000	34 000
Financial Income	152 000	97 000	5 000	0
Financial Costs	503 000	327 000	198 000	3 000
Financial Balance	−351 000	−230 000	−193 000	−3 000
Earnings Before Tax	348 000	−249 000	4 154 000	31 000
Tax	45 000	−232 000	212 000	2 000
Net Income	303 000	−17 000	3 942 000	29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 277 000	23 080 000	9 055 000	2 936 000
Total Current Assets	106 000	2 873 000	7 394 000	5 000
Total Assets	23 382 000	25 953 000	16 448 000	2 940 000
Total Retained Equity	4 610 000	4 307 000	4 324 000	593 000
Total Equity	10 609 000	10 306 000	6 410 000	1 555 000
Total Long-Term Debt	12 724 000	15 645 000	7 716 000	804 000
Total Current Debt	50 000	3 000	2 322 000	582 000
Total Equity and Debt	23 382 000	25 953 000	16 448 000	2 940 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	48 000	0	0	0
Other Income	1 100 000	569 000	4 872 000	104 000
Revenue	1 148 000	569 000	4 872 000	104 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	39 000	119 000	80 000	0
Impairment	60 000	0	0	0
Expenditure	449 000	589 000	525 000	70 000
Operating Profit	699 000	−20 000	4 347 000	34 000
Financial Income	152 000	97 000	5 000	0
Financial Costs	503 000	327 000	198 000	3 000
Financial Balance	−351 000	−230 000	−193 000	−3 000
Dividends	0	0	0	0
Net Income	303 000	−17 000	3 942 000	29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 670 000	6 837 000	6 730 000	1 514 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	67 000	87 000	0
Total Tangible Assets	1 670 000	6 904 000	6 816 000	1 514 000
Total Fiancial Fixed Assets	21 607 000	16 177 000	2 239 000	1 422 000
Total Fixed Assets	23 277 000	23 080 000	9 055 000	2 936 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	43 000	948 000	6 000	5 000
Total Current Assets	106 000	2 873 000	7 394 000	5 000
Total Assets	23 382 000	25 953 000	16 448 000	2 940 000
Total Equity	10 609 000	10 306 000	6 410 000	1 555 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 724 000	15 645 000	7 716 000	804 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	50 000	3 000	2 145 000	582 000
Total Current Debt	50 000	3 000	2 322 000	582 000
Total Equity and Debt	23 382 000	25 953 000	16 448 000	2 940 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,86 %	−0,16 %	61,5 %	1,86 %
Debt-to-Equity Ratio	1,2	1,52	1,2	0,52
Operating Profit Margin	60,89 %	−3,51 %	89,22 %	32,69 %
Current Ratio	2,12	957,67	3,18	0,01
Quick Ratio	2,12	957,67	3,18	0,01
Equity Ratio	0,45	0,4	0,39	0,53
Gross Profit Margin	100 %	100 %	100 %	100 %