BITFLOW SOLUTIONS AS

3300 HOKKSUND

Finances

Share Ownership

Return on Equity

−5,6 %

Current Ratio

1,47

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 476 000	1 300 000	645 000	1 110 000
Net Income	−59 000	239 000	178 000	278 000
Total Assets	1 664 000	1 533 000	1 280 000	1 320 000
Total Equity	1 053 000	1 112 000	873 000	695 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 476 000	1 300 000	645 000	1 110 000
Expenditure	1 520 000	1 157 000	416 000	754 000
Operating Profit	−44 000	142 000	230 000	356 000
Financial Income	0	0	0	0
Financial Costs	7 000	1 000	1 000	0
Financial Balance	−7 000	−1 000	−1 000	0
Earnings Before Tax	−51 000	142 000	228 000	356 000
Tax	8 000	−97 000	50 000	78 000
Net Income	−59 000	239 000	178 000	278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	785 000	765 000	777 000	750 000
Total Current Assets	880 000	768 000	502 000	570 000
Total Assets	1 664 000	1 533 000	1 280 000	1 320 000
Total Retained Equity	1 023 000	1 082 000	843 000	665 000
Total Equity	1 053 000	1 112 000	873 000	695 000
Total Long-Term Debt	13 000	−33 000	−33 000	−3 000
Total Current Debt	599 000	454 000	439 000	627 000
Total Equity and Debt	1 664 000	1 533 000	1 280 000	1 320 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 476 000	1 300 000	645 000	1 110 000
Other Income	0	0	0	0
Revenue	1 476 000	1 300 000	645 000	1 110 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 315 000	943 000	348 000	602 000
Depreciation	13 000	13 000	11 000	0
Impairment	0	0	0	0
Expenditure	1 520 000	1 157 000	416 000	754 000
Operating Profit	−44 000	142 000	230 000	356 000
Financial Income	0	0	0	0
Financial Costs	7 000	1 000	1 000	0
Financial Balance	−7 000	−1 000	−1 000	0
Dividends	0	0	0	0
Net Income	−59 000	239 000	178 000	278 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	750 000	750 000	750 000	750 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 000	15 000	27 000	0
Total Tangible Assets	752 000	765 000	777 000	750 000
Total Fiancial Fixed Assets	33 000	0	0	0
Total Fixed Assets	785 000	765 000	777 000	750 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	221 000	186 000	120 000	119 000
Total Current Assets	880 000	768 000	502 000	570 000
Total Assets	1 664 000	1 533 000	1 280 000	1 320 000
Total Equity	1 053 000	1 112 000	873 000	695 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 000	−33 000	−33 000	−3 000
Creditors	187 000	193 000	192 000	209 000
Unpaid Taxes	210 000	143 000	35 000	81 000
Dividends	0	0	0	0
Other Current Debt	140 000	87 000	39 000	142 000
Total Current Debt	599 000	454 000	439 000	627 000
Total Equity and Debt	1 664 000	1 533 000	1 280 000	1 320 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,6 %	21,49 %	20,39 %	40 %
Debt-to-Equity Ratio	0,01	−0,03	−0,04	−0
Operating Profit Margin	−2,98 %	10,92 %	35,66 %	32,07 %
Current Ratio	1,47	1,69	1,14	0,91
Quick Ratio	1,47	1,69	1,14	0,91
Equity Ratio	0,63	0,73	0,68	0,53
Gross Profit Margin	100 %	100 %	100 %	100 %