BAVECO AS

2940 HEGGENES

Finances

Return on Equity

23,7 %

Current Ratio

8,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 459 000	2 373 000	1 789 000	2 030 000
Net Income	902 000	1 009 000	732 000	702 000
Total Assets	4 308 000	3 558 000	2 495 000	1 861 000
Total Equity	3 806 000	3 149 000	2 140 000	1 538 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 459 000	2 373 000	1 789 000	2 030 000
Expenditure	1 338 000	1 116 000	899 000	1 137 000
Operating Profit	1 121 000	1 257 000	889 000	893 000
Financial Income	33 000	24 000	75 000	11 000
Financial Costs	0	0	27 000	3 000
Financial Balance	33 000	24 000	48 000	8 000
Earnings Before Tax	1 153 000	1 280 000	938 000	901 000
Tax	252 000	271 000	206 000	199 000
Net Income	902 000	1 009 000	732 000	702 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	178 000	178 000	128 000	100 000
Total Current Assets	4 130 000	3 380 000	2 367 000	1 761 000
Total Assets	4 308 000	3 558 000	2 495 000	1 861 000
Total Retained Equity	3 776 000	3 119 000	2 110 000	1 508 000
Total Equity	3 806 000	3 149 000	2 140 000	1 538 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	503 000	409 000	355 000	324 000
Total Equity and Debt	4 308 000	3 558 000	2 495 000	1 861 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 459 000	2 373 000	1 789 000	2 030 000
Other Income	0	0	0	0
Revenue	2 459 000	2 373 000	1 789 000	2 030 000
Cost of Goods Sold	73 000	95 000	34 000	61 000
Salary Costs	1 078 000	839 000	719 000	802 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 338 000	1 116 000	899 000	1 137 000
Operating Profit	1 121 000	1 257 000	889 000	893 000
Financial Income	33 000	24 000	75 000	11 000
Financial Costs	0	0	27 000	3 000
Financial Balance	33 000	24 000	48 000	8 000
Dividends	245 000	0	130 000	327 000
Net Income	902 000	1 009 000	732 000	702 000

Balance details (NOK)	2022	2021	2020	2019
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	178 000	178 000	128 000	100 000
Total Fixed Assets	178 000	178 000	128 000	100 000
Stock	83 000	83 000	83 000	83 000
Total Investments	556 000	1 380 000	412 000	601 000
Cash, Bank	3 249 000	1 643 000	1 575 000	840 000
Total Current Assets	4 130 000	3 380 000	2 367 000	1 761 000
Total Assets	4 308 000	3 558 000	2 495 000	1 861 000
Total Equity	3 806 000	3 149 000	2 140 000	1 538 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	246 000	136 000	140 000	115 000
Dividends	245 000	0	130 000	327 000
Other Current Debt	3 000	−7 000	8 000	10 000
Total Current Debt	503 000	409 000	355 000	324 000
Total Equity and Debt	4 308 000	3 558 000	2 495 000	1 861 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,7 %	32,04 %	34,21 %	45,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	45,59 %	52,97 %	49,69 %	43,99 %
Current Ratio	8,21	8,26	6,67	5,44
Quick Ratio	9,83	10,37	8,7	7,31
Equity Ratio	0,88	0,89	0,86	0,83
Gross Profit Margin	97,03 %	96 %	98,1 %	97 %