HETLANDS GECCO MANAGEMENT AS

0378 OSLO

Finances

Return on Equity

5,51 %

Current Ratio

10,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 392 000	862 000	1 064 000	596 000
Net Income	2 677 000	2 279 000	−2 802 000	727 000
Total Assets	49 988 000	48 674 000	46 093 000	48 978 000
Total Equity	48 622 000	46 242 000	43 972 000	46 709 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 392 000	862 000	1 064 000	596 000
Expenditure	923 000	893 000	1 051 000	1 132 000
Operating Profit	469 000	−31 000	12 000	−536 000
Financial Income	2 318 000	7 127 000	5 469 000	4 542 000
Financial Costs	8 000	4 551 000	8 220 000	3 485 000
Financial Balance	2 310 000	2 576 000	−2 751 000	1 057 000
Earnings Before Tax	2 779 000	2 544 000	−2 739 000	521 000
Tax	102 000	265 000	62 000	−205 000
Net Income	2 677 000	2 279 000	−2 802 000	727 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 693 000	35 550 000	43 381 000	46 657 000
Total Current Assets	14 295 000	13 124 000	2 711 000	2 320 000
Total Assets	49 988 000	48 674 000	46 093 000	48 978 000
Total Retained Equity	41 622 000	39 242 000	36 972 000	39 709 000
Total Equity	48 622 000	46 242 000	43 972 000	46 709 000
Total Long-Term Debt	0	364 000	0	0
Total Current Debt	1 366 000	2 068 000	2 121 000	2 269 000
Total Equity and Debt	49 988 000	48 674 000	46 093 000	48 978 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 135 000	1 486 000	1 208 000	596 000
Other Income	257 000	−624 000	−144 000	0
Revenue	1 392 000	862 000	1 064 000	596 000
Cost of Goods Sold	0	0	0	0
Salary Costs	342 000	342 000	342 000	228 000
Depreciation	23 000	11 000	0	0
Impairment	0	0	0	0
Expenditure	923 000	893 000	1 051 000	1 132 000
Operating Profit	469 000	−31 000	12 000	−536 000
Financial Income	2 318 000	7 127 000	5 469 000	4 542 000
Financial Costs	8 000	4 551 000	8 220 000	3 485 000
Financial Balance	2 310 000	2 576 000	−2 751 000	1 057 000
Dividends	0	0	0	0
Net Income	2 677 000	2 279 000	−2 802 000	727 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	227 000	242 000	243 000	254 000
Real Eastate	4 126 000	4 126 000	4 126 000	4 126 000
Machinery and Plant Facilities	531 000	554 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 657 000	4 679 000	4 126 000	4 126 000
Total Fiancial Fixed Assets	30 809 000	30 629 000	39 013 000	42 277 000
Total Fixed Assets	35 693 000	35 550 000	43 381 000	46 657 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 649 000	5 674 000	252 000	453 000
Total Current Assets	14 295 000	13 124 000	2 711 000	2 320 000
Total Assets	49 988 000	48 674 000	46 093 000	48 978 000
Total Equity	48 622 000	46 242 000	43 972 000	46 709 000
Short-Term Group Debt	853 000	786 000	869 000	957 000
Total Long-Term Debt	0	364 000	0	0
Creditors	0	0	0	0
Unpaid Taxes	42 000	31 000	40 000	14 000
Dividends	0	0	0	0
Other Current Debt	467 000	989 000	1 143 000	1 270 000
Total Current Debt	1 366 000	2 068 000	2 121 000	2 269 000
Total Equity and Debt	49 988 000	48 674 000	46 093 000	48 978 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,51 %	4,93 %	−6,37 %	1,56 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	33,69 %	−3,6 %	1,13 %	−89,93 %
Current Ratio	10,46	6,35	1,28	1,02
Quick Ratio	10,46	6,35	1,28	1,02
Equity Ratio	0,97	0,95	0,95	0,95
Gross Profit Margin	100 %	100 %	100 %	100 %