heildartekjur

Heildartekjur is a financial term used in Icelandic accounting to denote the total revenues earned by a company during a specific period. The word combines heildar, meaning total, with tekjur, meaning revenues or incomes. It represents the gross inflows from operating activities and other sources before any deductions, expenses, or taxes.

In practice, heildartekjur can include sales revenue, service income, interest income, rents, royalties, and other forms of income, depending on the accounting framework and chart of accounts. It is distinct from net revenue, which may reflect discounts, returns, and allowances, and from net profit, which subtracts costs and expenses from revenues.

The figure is a key line item in financial reporting and is used to gauge the size and growth of a business. Analysts and managers compare heildartekjur across periods to assess performance, and it provides a baseline for budgeting and trend analysis. Because it aggregates multiple income streams, it does not by itself indicate profitability or efficiency.

Context and standards matter: in Icelandic practice, the treatment of revenues aligns with local GAAP or IFRS where applicable. Users should interpret heildartekjur alongside other indicators such as costs, taxes, and net income to form a complete picture of financial health. Example: a company records 1,000,000 ISK from product sales, 200,000 ISK from services, and 50,000 ISK from rents, yielding heildartekjur of 1,250,000 ISK for the period.