BANGS HARDMETALL AS

4250 KOPERVIK

Finances

Share Ownership

Return on Equity

22,92 %

Current Ratio

6,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 320 000	1 399 000	1 392 000	1 104 000
Net Income	240 000	316 000	278 000	132 000
Total Assets	1 238 000	1 323 000	1 003 000	837 000
Total Equity	1 047 000	807 000	791 000	513 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 320 000	1 399 000	1 392 000	1 104 000
Expenditure	1 017 000	998 000	1 038 000	937 000
Operating Profit	303 000	403 000	354 000	167 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	0	1 000
Financial Balance	4 000	3 000	3 000	1 000
Earnings Before Tax	307 000	405 000	356 000	169 000
Tax	68 000	89 000	78 000	37 000
Net Income	240 000	316 000	278 000	132 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 000	26 000	11 000	35 000
Total Current Assets	1 220 000	1 298 000	991 000	802 000
Total Assets	1 238 000	1 323 000	1 003 000	837 000
Total Retained Equity	1 014 000	775 000	759 000	481 000
Total Equity	1 047 000	807 000	791 000	513 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	191 000	516 000	212 000	323 000
Total Equity and Debt	1 238 000	1 323 000	1 003 000	837 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 320 000	1 399 000	1 392 000	1 104 000
Other Income	0	0	0	0
Revenue	1 320 000	1 399 000	1 392 000	1 104 000
Cost of Goods Sold	219 000	170 000	233 000	135 000
Salary Costs	373 000	392 000	374 000	375 000
Depreciation	4 000	1 000	26 000	32 000
Impairment	0	0	0	0
Expenditure	1 017 000	998 000	1 038 000	937 000
Operating Profit	303 000	403 000	354 000	167 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	0	1 000
Financial Balance	4 000	3 000	3 000	1 000
Dividends	0	0	0	0
Net Income	240 000	316 000	278 000	132 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	8 000	11 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	17 000	0	26 000
Total Tangible Assets	14 000	17 000	0	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 000	26 000	11 000	35 000
Stock	255 000	266 000	214 000	162 000
Total Investments	0	0	0	0
Cash, Bank	880 000	931 000	665 000	537 000
Total Current Assets	1 220 000	1 298 000	991 000	802 000
Total Assets	1 238 000	1 323 000	1 003 000	837 000
Total Equity	1 047 000	807 000	791 000	513 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	16 000	23 000	27 000	26 000
Unpaid Taxes	73 000	68 000	66 000	211 000
Dividends	0	0	0	0
Other Current Debt	39 000	338 000	37 000	46 000
Total Current Debt	191 000	516 000	212 000	323 000
Total Equity and Debt	1 238 000	1 323 000	1 003 000	837 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,92 %	39,16 %	35,15 %	25,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	22,95 %	28,81 %	25,43 %	15,13 %
Current Ratio	6,39	2,52	4,67	2,48
Quick Ratio	−19,06	5,19	−495,5	4,98
Equity Ratio	0,85	0,61	0,79	0,61
Gross Profit Margin	83,41 %	87,85 %	83,26 %	87,77 %