HELGELAND OLJESERVICE AS

8614 MO I RANA

Finances

Return on Equity

41,91 %

Current Ratio

1,92

Debt-to-Equity Ratio

2,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 697 000	39 299 000	40 514 000	50 869 000
Net Income	1 098 000	−1 052 000	870 000	1 147 000
Total Assets	16 459 000	12 519 000	10 102 000	8 529 000
Total Equity	2 620 000	1 671 000	2 494 000	1 838 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 697 000	39 299 000	40 514 000	50 869 000
Expenditure	46 350 000	40 294 000	39 772 000	49 741 000
Operating Profit	1 347 000	−996 000	1 262 000	1 332 000
Financial Income	11 000	4 000	2 000	14 000
Financial Costs	183 000	125 000	117 000	174 000
Financial Balance	−172 000	−121 000	−115 000	−160 000
Earnings Before Tax	1 175 000	−1 116 000	1 147 000	1 173 000
Tax	77 000	−64 000	277 000	26 000
Net Income	1 098 000	−1 052 000	870 000	1 147 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 218 000	1 108 000	601 000	749 000
Total Current Assets	15 241 000	11 411 000	9 501 000	7 780 000
Total Assets	16 459 000	12 519 000	10 102 000	8 529 000
Total Retained Equity	1 113 000	164 000	1 216 000	560 000
Total Equity	2 620 000	1 671 000	2 494 000	1 838 000
Total Long-Term Debt	5 907 000	4 571 000	2 626 000	3 531 000
Total Current Debt	7 932 000	6 277 000	4 982 000	3 160 000
Total Equity and Debt	16 459 000	12 519 000	10 102 000	8 529 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 697 000	39 268 000	40 514 000	50 638 000
Other Income	0	31 000	0	231 000
Revenue	47 697 000	39 299 000	40 514 000	50 869 000
Cost of Goods Sold	39 902 000	33 824 000	33 548 000	43 658 000
Salary Costs	1 404 000	1 408 000	1 447 000	1 491 000
Depreciation	308 000	261 000	294 000	291 000
Impairment	0	0	0	0
Expenditure	46 350 000	40 294 000	39 772 000	49 741 000
Operating Profit	1 347 000	−996 000	1 262 000	1 332 000
Financial Income	11 000	4 000	2 000	14 000
Financial Costs	183 000	125 000	117 000	174 000
Financial Balance	−172 000	−121 000	−115 000	−160 000
Dividends	0	0	0	0
Net Income	1 098 000	−1 052 000	870 000	1 147 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	11 000	27 000	43 000
Machinery and Plant Facilities	839 000	866 000	184 000	358 000
Fixtures	324 000	231 000	391 000	344 000
Total Tangible Assets	1 163 000	1 108 000	601 000	745 000
Total Fiancial Fixed Assets	55 000	0	0	5 000
Total Fixed Assets	1 218 000	1 108 000	601 000	749 000
Stock	8 012 000	6 284 000	4 553 000	4 032 000
Total Investments	0	0	0	0
Cash, Bank	872 000	55 000	853 000	82 000
Total Current Assets	15 241 000	11 411 000	9 501 000	7 780 000
Total Assets	16 459 000	12 519 000	10 102 000	8 529 000
Total Equity	2 620 000	1 671 000	2 494 000	1 838 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 907 000	4 571 000	2 626 000	3 531 000
Creditors	7 481 000	5 901 000	4 162 000	2 868 000
Unpaid Taxes	74 000	205 000	205 000	77 000
Dividends	0	0	0	0
Other Current Debt	342 000	134 000	396 000	202 000
Total Current Debt	7 932 000	6 277 000	4 982 000	3 160 000
Total Equity and Debt	16 459 000	12 519 000	10 102 000	8 529 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,91 %	−62,96 %	34,88 %	62,4 %
Debt-to-Equity Ratio	2,25	2,74	1,05	1,92
Operating Profit Margin	2,82 %	−2,53 %	3,11 %	2,62 %
Current Ratio	1,92	1,82	1,91	2,46
Quick Ratio	−190,51	−1 630,14	22,15	−8,92
Equity Ratio	0,16	0,13	0,25	0,22
Gross Profit Margin	16,34 %	13,93 %	17,19 %	14,18 %