HVAC OFFSHORE AS

1358 JAR

Finances

Share Ownership

Return on Equity

−25,98 %

Current Ratio

6,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 641 000	1 290 000	102 000	1 625 000
Net Income	−423 000	533 000	386 000	179 000
Total Assets	1 917 000	2 290 000	3 557 000	5 720 000
Total Equity	1 628 000	2 051 000	3 518 000	4 132 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 641 000	1 290 000	102 000	1 625 000
Expenditure	1 268 000	1 084 000	361 000	1 397 000
Operating Profit	373 000	206 000	−259 000	228 000
Financial Income	1 000	382 000	588 000	1 000
Financial Costs	714 000	9 000	0	1 000
Financial Balance	−713 000	373 000	588 000	0
Earnings Before Tax	−341 000	579 000	329 000	229 000
Tax	82 000	45 000	−57 000	50 000
Net Income	−423 000	533 000	386 000	179 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 000	376 000	585 000	695 000
Total Current Assets	1 909 000	1 914 000	2 972 000	5 024 000
Total Assets	1 917 000	2 290 000	3 557 000	5 720 000
Total Retained Equity	1 598 000	2 021 000	3 488 000	4 102 000
Total Equity	1 628 000	2 051 000	3 518 000	4 132 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	288 000	239 000	39 000	1 587 000
Total Equity and Debt	1 917 000	2 290 000	3 557 000	5 720 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 510 000	1 290 000	102 000	1 625 000
Other Income	131 000	0	0	0
Revenue	1 641 000	1 290 000	102 000	1 625 000
Cost of Goods Sold	0	0	34 000	0
Salary Costs	899 000	672 000	53 000	1 021 000
Depreciation	111 000	167 000	167 000	139 000
Impairment	0	0	0	0
Expenditure	1 268 000	1 084 000	361 000	1 397 000
Operating Profit	373 000	206 000	−259 000	228 000
Financial Income	1 000	382 000	588 000	1 000
Financial Costs	714 000	9 000	0	1 000
Financial Balance	−713 000	373 000	588 000	0
Dividends	0	0	0	0
Net Income	−423 000	533 000	386 000	179 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	14 000	57 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	362 000	529 000	695 000
Total Tangible Assets	0	362 000	529 000	695 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 000	376 000	585 000	695 000
Stock	0	0	0	0
Total Investments	1 237 000	1 292 000	0	4 297 000
Cash, Bank	353 000	459 000	111 000	357 000
Total Current Assets	1 909 000	1 914 000	2 972 000	5 024 000
Total Assets	1 917 000	2 290 000	3 557 000	5 720 000
Total Equity	1 628 000	2 051 000	3 518 000	4 132 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	6 000	27 000	6 000
Unpaid Taxes	91 000	134 000	13 000	199 000
Dividends	0	0	0	0
Other Current Debt	112 000	96 000	0	1 383 000
Total Current Debt	288 000	239 000	39 000	1 587 000
Total Equity and Debt	1 917 000	2 290 000	3 557 000	5 720 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−25,98 %	25,99 %	10,97 %	4,33 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	22,73 %	15,97 %	−253,92 %	14,03 %
Current Ratio	6,63	8,01	76,21	3,17
Quick Ratio	6,63	8,01	76,21	3,17
Equity Ratio	0,85	0,9	0,99	0,72
Gross Profit Margin	100 %	100 %	66,67 %	100 %