GM HEIS AS

1739 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

398,7 %

Current Ratio

0,95

Debt-to-Equity Ratio

−3,04

Key figures (NOK)	2019	2018	2017	2016
Revenue	51 355 000	47 756 000	33 480 000	21 366 000
Net Income	−12 248 000	−1 681 000	743 000	−294 000
Total Assets	33 706 000	34 364 000	22 012 000	11 755 000
Total Equity	−3 072 000	3 226 000	2 413 000	1 388 000

Income (NOK)	2019	2018	2017	2016
Revenue	51 355 000	47 756 000	33 480 000	21 366 000
Expenditure	62 837 000	49 259 000	32 169 000	21 198 000
Operating Profit	−11 483 000	−1 503 000	1 310 000	162 000
Financial Income	97 000	284 000	52 000	90 000
Financial Costs	862 000	541 000	420 000	386 000
Financial Balance	−765 000	−257 000	−368 000	−296 000
Earnings Before Tax	−12 248 000	−1 760 000	942 000	−134 000
Tax	0	−79 000	198 000	160 000
Net Income	−12 248 000	−1 681 000	743 000	−294 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	7 659 000	3 637 000	2 190 000	1 999 000
Total Current Assets	26 047 000	30 727 000	19 822 000	9 756 000
Total Assets	33 706 000	34 364 000	22 012 000	11 755 000
Total Retained Equity	−12 089 000	159 000	1 840 000	1 096 000
Total Equity	−3 072 000	3 226 000	2 413 000	1 388 000
Total Long-Term Debt	9 327 000	3 835 000	3 399 000	424 000
Total Current Debt	27 450 000	27 303 000	16 200 000	9 942 000
Total Equity and Debt	33 706 000	34 364 000	22 012 000	11 755 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	51 307 000	47 740 000	33 480 000	21 363 000
Other Income	48 000	16 000	0	3 000
Revenue	51 355 000	47 756 000	33 480 000	21 366 000
Cost of Goods Sold	20 021 000	15 457 000	10 253 000	4 986 000
Salary Costs	30 245 000	24 024 000	16 103 000	10 641 000
Depreciation	693 000	568 000	442 000	350 000
Impairment	0	0	0	0
Expenditure	62 837 000	49 259 000	32 169 000	21 198 000
Operating Profit	−11 483 000	−1 503 000	1 310 000	162 000
Financial Income	97 000	284 000	52 000	90 000
Financial Costs	862 000	541 000	420 000	386 000
Financial Balance	−765 000	−257 000	−368 000	−296 000
Dividends	0	0	0	0
Net Income	−12 248 000	−1 681 000	743 000	−294 000

Balance details (NOK)	2019	2018	2017	2016
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	2 191 000	2 517 000	2 190 000	1 999 000
Total Tangible Assets	2 191 000	2 517 000	2 190 000	1 999 000
Total Fiancial Fixed Assets	5 468 000	1 120 000	0	0
Total Fixed Assets	7 659 000	3 637 000	2 190 000	1 999 000
Stock	7 583 000	5 678 000	4 375 000	2 999 000
Total Investments	0	0	0	0
Cash, Bank	1 263 000	1 176 000	719 000	156 000
Total Current Assets	26 047 000	30 727 000	19 822 000	9 756 000
Total Assets	33 706 000	34 364 000	22 012 000	11 755 000
Total Equity	−3 072 000	3 226 000	2 413 000	1 388 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 327 000	3 835 000	3 399 000	424 000
Creditors	11 124 000	7 404 000	5 870 000	2 241 000
Unpaid Taxes	5 931 000	5 252 000	3 388 000	1 256 000
Dividends	0	0	0	0
Other Current Debt	10 395 000	14 648 000	5 950 000	2 689 000
Total Current Debt	27 450 000	27 303 000	16 200 000	9 942 000
Total Equity and Debt	33 706 000	34 364 000	22 012 000	11 755 000

Financial indicators	2019	2018	2017	2016
Return on Equity	398,7 %	−52,11 %	30,79 %	−21,18 %
Debt-to-Equity Ratio	−3,04	1,19	1,41	0,31
Operating Profit Margin	−22,36 %	−3,15 %	3,91 %	0,76 %
Current Ratio	0,95	1,13	1,22	0,98
Quick Ratio	1,31	1,42	1,68	1,41
Equity Ratio	−0,09	0,09	0,11	0,12
Gross Profit Margin	61,01 %	67,63 %	69,38 %	76,66 %