BRAVE TERN AS

0152 OSLO

Finances

Share Ownership

Return on Equity

8,33 %

Current Ratio

15,6

Debt-to-Equity Ratio

0,04

Key figures (EUR)	2022	2021	2020	2019
Revenue	29 015 000	30 068 000	12 212 000	14 876 000
Net Income	10 532 000	17 820 000	992 000	2 298 000
Total Assets	132 982 000	149 267 000	135 709 000	128 531 000
Total Equity	126 419 000	115 886 000	98 067 000	97 075 000

Income (EUR)	2022	2021	2020	2019
Revenue	29 015 000	30 068 000	12 212 000	14 876 000
Expenditure	17 064 000	11 329 000	10 112 000	11 136 000
Operating Profit	11 952 000	18 740 000	2 100 000	3 739 000
Financial Income	294 000	20 000	7 000	0
Financial Costs	1 712 000	939 000	1 112 000	1 439 000
Financial Balance	−1 418 000	−919 000	−1 105 000	−1 439 000
Earnings Before Tax	10 534 000	17 820 000	994 000	2 300 000
Tax	2 000	0	3 000	2 000
Net Income	10 532 000	17 820 000	992 000	2 298 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	100 788 000	105 059 000	125 366 000	120 028 000
Total Current Assets	32 194 000	44 208 000	10 343 000	8 504 000
Total Assets	132 982 000	149 267 000	135 709 000	128 531 000
Total Retained Equity	31 642 000	21 109 000	3 290 000	2 298 000
Total Equity	126 419 000	115 886 000	98 067 000	97 075 000
Total Long-Term Debt	4 500 000	31 100 000	26 000 000	0
Total Current Debt	2 064 000	2 281 000	11 642 000	31 456 000
Total Equity and Debt	132 982 000	149 267 000	135 709 000	128 531 000

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	29 015 000	29 474 000	12 212 000	0
Other Income	0	594 000	0	14 876 000
Revenue	29 015 000	30 068 000	12 212 000	14 876 000
Cost of Goods Sold	6 035 000	1 609 000	901 000	0
Salary Costs	0	0	0	0
Depreciation	10 993 000	9 681 000	9 175 000	8 410 000
Impairment	0	0	0	0
Expenditure	17 064 000	11 329 000	10 112 000	11 136 000
Operating Profit	11 952 000	18 740 000	2 100 000	3 739 000
Financial Income	294 000	20 000	7 000	0
Financial Costs	1 712 000	939 000	1 112 000	1 439 000
Financial Balance	−1 418 000	−919 000	−1 105 000	−1 439 000
Dividends	0	0	0	0
Net Income	10 532 000	17 820 000	992 000	2 298 000

Balance details (EUR)	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	100 788 000	105 059 000	125 366 000	120 028 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	100 788 000	105 059 000	125 366 000	120 028 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 909 000	1 438 000	4 660 000	5 400 000
Total Current Assets	32 194 000	44 208 000	10 343 000	8 504 000
Total Assets	132 982 000	149 267 000	135 709 000	128 531 000
Total Equity	126 419 000	115 886 000	98 067 000	97 075 000
Short-Term Group Debt	0	0	0	2 170 000
Total Long-Term Debt	4 500 000	31 100 000	26 000 000	0
Creditors	873 000	908 000	1 572 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 189 000	1 373 000	10 068 000	355 000
Total Current Debt	2 064 000	2 281 000	11 642 000	31 456 000
Total Equity and Debt	132 982 000	149 267 000	135 709 000	128 531 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,33 %	15,38 %	1,01 %	2,37 %
Debt-to-Equity Ratio	0,04	0,27	0,27	0
Operating Profit Margin	41,19 %	62,33 %	17,2 %	25,13 %
Current Ratio	15,6	19,38	0,89	0,27
Quick Ratio	15,6	19,38	0,89	0,27
Equity Ratio	0,95	0,78	0,72	0,76
Gross Profit Margin	79,2 %	94,65 %	92,62 %	100 %