HELGELAND MALERSERVICE AS

8907 BRØNNØYSUND

Finances

Share Ownership

Return on Equity

120,98 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 954 000	13 707 000	14 484 000	10 501 000
Net Income	738 000	636 000	795 000	689 000
Total Assets	5 422 000	6 163 000	8 601 000	3 778 000
Total Equity	610 000	172 000	2 003 000	1 220 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 954 000	13 707 000	14 484 000	10 501 000
Expenditure	13 891 000	12 787 000	13 814 000	9 751 000
Operating Profit	1 063 000	919 000	670 000	751 000
Financial Income	79 000	0	234 000	10 000
Financial Costs	216 000	103 000	90 000	73 000
Financial Balance	−137 000	−103 000	144 000	−63 000
Earnings Before Tax	927 000	816 000	814 000	689 000
Tax	189 000	180 000	19 000	0
Net Income	738 000	636 000	795 000	689 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	494 000	587 000	608 000	892 000
Total Current Assets	4 927 000	5 576 000	7 993 000	2 886 000
Total Assets	5 422 000	6 163 000	8 601 000	3 778 000
Total Retained Equity	510 000	72 000	1 029 000	247 000
Total Equity	610 000	172 000	2 003 000	1 220 000
Total Long-Term Debt	94 000	139 000	49 000	282 000
Total Current Debt	4 718 000	5 852 000	6 550 000	2 275 000
Total Equity and Debt	5 422 000	6 163 000	8 601 000	3 778 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 106 000	13 116 000	14 085 000	9 688 000
Other Income	−152 000	591 000	400 000	813 000
Revenue	14 954 000	13 707 000	14 484 000	10 501 000
Cost of Goods Sold	4 387 000	4 337 000	5 015 000	2 148 000
Salary Costs	6 330 000	6 076 000	6 345 000	5 343 000
Depreciation	178 000	194 000	181 000	181 000
Impairment	0	0	0	0
Expenditure	13 891 000	12 787 000	13 814 000	9 751 000
Operating Profit	1 063 000	919 000	670 000	751 000
Financial Income	79 000	0	234 000	10 000
Financial Costs	216 000	103 000	90 000	73 000
Financial Balance	−137 000	−103 000	144 000	−63 000
Dividends	300 000	2 100 000	0	0
Net Income	738 000	636 000	795 000	689 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 000	13 000	16 000	19 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	484 000	574 000	592 000	792 000
Total Tangible Assets	494 000	587 000	608 000	812 000
Total Fiancial Fixed Assets	0	0	0	80 000
Total Fixed Assets	494 000	587 000	608 000	892 000
Stock	1 829 000	1 346 000	2 111 000	1 299 000
Total Investments	0	0	0	0
Cash, Bank	72 000	71 000	124 000	68 000
Total Current Assets	4 927 000	5 576 000	7 993 000	2 886 000
Total Assets	5 422 000	6 163 000	8 601 000	3 778 000
Total Equity	610 000	172 000	2 003 000	1 220 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	94 000	139 000	49 000	282 000
Creditors	209 000	243 000	954 000	296 000
Unpaid Taxes	650 000	479 000	805 000	359 000
Dividends	300 000	2 100 000	0	0
Other Current Debt	1 562 000	1 579 000	3 474 000	991 000
Total Current Debt	4 718 000	5 852 000	6 550 000	2 275 000
Total Equity and Debt	5 422 000	6 163 000	8 601 000	3 778 000

Financial indicators	2022	2021	2020	2019
Return on Equity	120,98 %	369,77 %	39,69 %	56,48 %
Debt-to-Equity Ratio	0,15	0,81	0,02	0,23
Operating Profit Margin	7,11 %	6,7 %	4,63 %	7,15 %
Current Ratio	1,04	0,95	1,22	1,27
Quick Ratio	1,71	1,24	1,8	2,96
Equity Ratio	0,11	0,03	0,23	0,32
Gross Profit Margin	70,66 %	68,36 %	65,38 %	79,54 %