HEGGLAND UTVIKLING AS

4848 ARENDAL

Finances

Share Ownership

Return on Equity

−21,2 %

Current Ratio

176,5

Debt-to-Equity Ratio

3,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	72 000	422 000	2 003 000	200 000
Net Income	−163 000	−144 000	1 119 000	−312 000
Total Assets	3 530 000	3 610 000	4 054 000	3 485 000
Total Equity	769 000	932 000	1 076 000	−44 000

Income (NOK)	2022	2021	2020	2019
Revenue	72 000	422 000	2 003 000	200 000
Expenditure	235 000	564 000	858 000	472 000
Operating Profit	−163 000	−143 000	1 145 000	−272 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	26 000	40 000
Financial Balance	0	−1 000	−26 000	−40 000
Earnings Before Tax	−163 000	−144 000	1 119 000	−312 000
Tax	0	0	0	0
Net Income	−163 000	−144 000	1 119 000	−312 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 530 000	3 610 000	4 054 000	3 485 000
Total Assets	3 530 000	3 610 000	4 054 000	3 485 000
Total Retained Equity	−231 000	−68 000	76 000	−1 044 000
Total Equity	769 000	932 000	1 076 000	−44 000
Total Long-Term Debt	2 740 000	2 390 000	2 092 000	2 487 000
Total Current Debt	20 000	288 000	886 000	1 041 000
Total Equity and Debt	3 530 000	3 610 000	4 054 000	3 485 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	72 000	422 000	2 003 000	0
Other Income	0	0	0	200 000
Revenue	72 000	422 000	2 003 000	200 000
Cost of Goods Sold	61 000	291 000	619 000	156 000
Salary Costs	100 000	144 000	130 000	183 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	235 000	564 000	858 000	472 000
Operating Profit	−163 000	−143 000	1 145 000	−272 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	26 000	40 000
Financial Balance	0	−1 000	−26 000	−40 000
Dividends	0	0	0	0
Net Income	−163 000	−144 000	1 119 000	−312 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	3 425 000	3 425 000	3 090 000	3 161 000
Total Investments	0	0	0	0
Cash, Bank	93 000	9 000	13 000	41 000
Total Current Assets	3 530 000	3 610 000	4 054 000	3 485 000
Total Assets	3 530 000	3 610 000	4 054 000	3 485 000
Total Equity	769 000	932 000	1 076 000	−44 000
Short-Term Group Debt	−42 000	136 000	711 000	0
Total Long-Term Debt	2 740 000	2 390 000	2 092 000	2 487 000
Creditors	8 000	0	1 000	319 000
Unpaid Taxes	30 000	80 000	174 000	63 000
Dividends	0	0	0	0
Other Current Debt	24 000	72 000	0	659 000
Total Current Debt	20 000	288 000	886 000	1 041 000
Total Equity and Debt	3 530 000	3 610 000	4 054 000	3 485 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,2 %	−15,45 %	104 %	709,09 %
Debt-to-Equity Ratio	3,56	2,56	1,94	−56,52
Operating Profit Margin	−226,39 %	−33,89 %	57,16 %	−136 %
Current Ratio	176,5	12,53	4,58	3,35
Quick Ratio	−1,04	−1,15	−1,84	−1,64
Equity Ratio	0,22	0,26	0,27	−0,01
Gross Profit Margin	15,28 %	31,04 %	69,1 %	22 %