BRAGE INNOVATION AS

5155 BØNES

Finances

Return on Equity

2 265,64 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 349 000	1 793 000	1 445 000	230 000
Net Income	8 111 000	−1 116 000	655 000	−147 000
Total Assets	18 154 000	16 094 000	16 937 000	2 268 000
Total Equity	358 000	−553 000	685 000	1 150 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 349 000	1 793 000	1 445 000	230 000
Expenditure	2 759 000	2 727 000	717 000	469 000
Operating Profit	591 000	−934 000	728 000	−239 000
Financial Income	7 811 000	99 000	114 000	52 000
Financial Costs	291 000	281 000	2 000	0
Financial Balance	7 520 000	−182 000	112 000	52 000
Earnings Before Tax	8 111 000	−1 116 000	841 000	−187 000
Tax	0	0	186 000	−40 000
Net Income	8 111 000	−1 116 000	655 000	−147 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 709 000	15 304 000	14 621 000	1 976 000
Total Current Assets	1 445 000	789 000	2 316 000	292 000
Total Assets	18 154 000	16 094 000	16 937 000	2 268 000
Total Retained Equity	328 000	−583 000	655 000	1 120 000
Total Equity	358 000	−553 000	685 000	1 150 000
Total Long-Term Debt	17 183 000	14 280 000	13 804 000	1 022 000
Total Current Debt	614 000	2 367 000	2 447 000	96 000
Total Equity and Debt	18 154 000	16 094 000	16 937 000	2 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 000	250 000	895 000	200 000
Other Income	3 294 000	1 543 000	550 000	30 000
Revenue	3 349 000	1 793 000	1 445 000	230 000
Cost of Goods Sold	726 000	178 000	0	0
Salary Costs	1 312 000	1 436 000	71 000	0
Depreciation	135 000	132 000	23 000	17 000
Impairment	0	0	0	0
Expenditure	2 759 000	2 727 000	717 000	469 000
Operating Profit	591 000	−934 000	728 000	−239 000
Financial Income	7 811 000	99 000	114 000	52 000
Financial Costs	291 000	281 000	2 000	0
Financial Balance	7 520 000	−182 000	112 000	52 000
Dividends	0	0	1 120 000	0
Net Income	8 111 000	−1 116 000	655 000	−147 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	610 000	417 000	539 000	654 000
Real Eastate	11 200 000	11 236 000	11 272 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	437 000	384 000	103 000	32 000
Total Tangible Assets	11 637 000	11 620 000	11 375 000	32 000
Total Fiancial Fixed Assets	4 462 000	3 268 000	2 707 000	1 290 000
Total Fixed Assets	16 709 000	15 304 000	14 621 000	1 976 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 198 000	170 000	1 410 000	35 000
Total Current Assets	1 445 000	789 000	2 316 000	292 000
Total Assets	18 154 000	16 094 000	16 937 000	2 268 000
Total Equity	358 000	−553 000	685 000	1 150 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 183 000	14 280 000	13 804 000	1 022 000
Creditors	205 000	315 000	286 000	34 000
Unpaid Taxes	90 000	92 000	8 000	0
Dividends	0	0	1 120 000	0
Other Current Debt	319 000	1 959 000	1 034 000	62 000
Total Current Debt	614 000	2 367 000	2 447 000	96 000
Total Equity and Debt	18 154 000	16 094 000	16 937 000	2 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 265,64 %	201,81 %	95,62 %	−12,78 %
Debt-to-Equity Ratio	48	−25,82	20,15	0,89
Operating Profit Margin	17,65 %	−52,09 %	50,38 %	−103,91 %
Current Ratio	2,35	0,33	0,95	3,04
Quick Ratio	2,35	0,33	0,95	3,04
Equity Ratio	0,02	−0,03	0,04	0,51
Gross Profit Margin	78,32 %	90,07 %	100 %	100 %