BALTMAX AS

1407 VINTERBRO

Finances

Share Ownership

Return on Equity

95,24 %

Current Ratio

1,39

Debt-to-Equity Ratio

1,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 682 000	5 556 000	4 472 000	3 171 000
Net Income	320 000	−95 000	18 000	32 000
Total Assets	1 705 000	1 694 000	1 122 000	945 000
Total Equity	336 000	30 000	238 000	220 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 682 000	5 556 000	4 472 000	3 171 000
Expenditure	5 269 000	5 575 000	4 376 000	3 119 000
Operating Profit	414 000	−19 000	96 000	52 000
Financial Income	6 000	0	0	0
Financial Costs	27 000	20 000	36 000	10 000
Financial Balance	−21 000	−20 000	−36 000	−10 000
Earnings Before Tax	393 000	−39 000	61 000	42 000
Tax	73 000	56 000	43 000	9 000
Net Income	320 000	−95 000	18 000	32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	491 000	597 000	19 000	26 000
Total Current Assets	1 215 000	1 096 000	1 103 000	919 000
Total Assets	1 705 000	1 694 000	1 122 000	945 000
Total Retained Equity	306 000	0	208 000	190 000
Total Equity	336 000	30 000	238 000	220 000
Total Long-Term Debt	494 000	565 000	0	1 000
Total Current Debt	875 000	1 098 000	885 000	724 000
Total Equity and Debt	1 705 000	1 694 000	1 122 000	945 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 682 000	5 556 000	4 399 000	3 165 000
Other Income	0	0	73 000	6 000
Revenue	5 682 000	5 556 000	4 472 000	3 171 000
Cost of Goods Sold	2 879 000	2 765 000	2 324 000	1 714 000
Salary Costs	1 672 000	1 881 000	1 336 000	906 000
Depreciation	121 000	153 000	7 000	14 000
Impairment	0	0	0	0
Expenditure	5 269 000	5 575 000	4 376 000	3 119 000
Operating Profit	414 000	−19 000	96 000	52 000
Financial Income	6 000	0	0	0
Financial Costs	27 000	20 000	36 000	10 000
Financial Balance	−21 000	−20 000	−36 000	−10 000
Dividends	0	112 000	0	0
Net Income	320 000	−95 000	18 000	32 000

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	491 000	597 000	19 000	26 000
Total Tangible Assets	491 000	597 000	19 000	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	491 000	597 000	19 000	26 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	342 000	3 000	276 000	75 000
Total Current Assets	1 215 000	1 096 000	1 103 000	919 000
Total Assets	1 705 000	1 694 000	1 122 000	945 000
Total Equity	336 000	30 000	238 000	220 000
Short-Term Group Debt	19 000	0	0	0
Total Long-Term Debt	494 000	565 000	0	1 000
Creditors	21 000	171 000	357 000	282 000
Unpaid Taxes	274 000	279 000	177 000	165 000
Dividends	0	112 000	0	0
Other Current Debt	493 000	481 000	308 000	267 000
Total Current Debt	875 000	1 098 000	885 000	724 000
Total Equity and Debt	1 705 000	1 694 000	1 122 000	945 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,24 %	−316,67 %	7,56 %	14,55 %
Debt-to-Equity Ratio	1,47	18,83	0	0
Operating Profit Margin	7,29 %	−0,34 %	2,15 %	1,64 %
Current Ratio	1,39	1	1,25	1,27
Quick Ratio	1,39	1	1,25	1,27
Equity Ratio	0,2	0,02	0,21	0,23
Gross Profit Margin	49,33 %	50,23 %	48,03 %	45,95 %