BALSFJORD ELEKTRO AS

9050 STORSTEINNES

Finances

Share Ownership

Return on Equity

15,75 %

Current Ratio

1,91

Debt-to-Equity Ratio

0,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 016 000	6 546 000	7 218 000	4 730 000
Net Income	369 000	650 000	904 000	505 000
Total Assets	5 447 000	4 989 000	2 900 000	1 584 000
Total Equity	2 343 000	2 074 000	1 424 000	720 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 016 000	6 546 000	7 218 000	4 730 000
Expenditure	8 434 000	5 680 000	6 058 000	4 082 000
Operating Profit	581 000	866 000	1 160 000	648 000
Financial Income	1 000	0	0	0
Financial Costs	108 000	33 000	1 000	1 000
Financial Balance	−107 000	−33 000	−1 000	−1 000
Earnings Before Tax	474 000	833 000	1 159 000	647 000
Tax	105 000	184 000	256 000	142 000
Net Income	369 000	650 000	904 000	505 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 290 000	2 573 000	315 000	206 000
Total Current Assets	3 158 000	2 416 000	2 586 000	1 378 000
Total Assets	5 447 000	4 989 000	2 900 000	1 584 000
Total Retained Equity	2 313 000	2 044 000	1 394 000	690 000
Total Equity	2 343 000	2 074 000	1 424 000	720 000
Total Long-Term Debt	1 455 000	1 568 000	4 000	2 000
Total Current Debt	1 650 000	1 347 000	1 472 000	861 000
Total Equity and Debt	5 447 000	4 989 000	2 900 000	1 584 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 015 000	6 546 000	7 209 000	4 730 000
Other Income	0	0	9 000	0
Revenue	9 016 000	6 546 000	7 218 000	4 730 000
Cost of Goods Sold	4 021 000	2 676 000	3 185 000	2 128 000
Salary Costs	2 818 000	2 000 000	1 956 000	1 271 000
Depreciation	197 000	138 000	59 000	25 000
Impairment	0	0	0	0
Expenditure	8 434 000	5 680 000	6 058 000	4 082 000
Operating Profit	581 000	866 000	1 160 000	648 000
Financial Income	1 000	0	0	0
Financial Costs	108 000	33 000	1 000	1 000
Financial Balance	−107 000	−33 000	−1 000	−1 000
Dividends	100 000	0	200 000	0
Net Income	369 000	650 000	904 000	505 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 032 000	2 218 000	0	0
Machinery and Plant Facilities	161 000	228 000	246 000	86 000
Fixtures	87 000	89 000	0	0
Total Tangible Assets	2 280 000	2 535 000	246 000	86 000
Total Fiancial Fixed Assets	10 000	38 000	68 000	120 000
Total Fixed Assets	2 290 000	2 573 000	315 000	206 000
Stock	553 000	334 000	186 000	86 000
Total Investments	0	0	0	0
Cash, Bank	907 000	1 395 000	1 576 000	893 000
Total Current Assets	3 158 000	2 416 000	2 586 000	1 378 000
Total Assets	5 447 000	4 989 000	2 900 000	1 584 000
Total Equity	2 343 000	2 074 000	1 424 000	720 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 455 000	1 568 000	4 000	2 000
Creditors	796 000	624 000	270 000	278 000
Unpaid Taxes	231 000	224 000	435 000	285 000
Dividends	100 000	0	200 000	0
Other Current Debt	412 000	324 000	313 000	156 000
Total Current Debt	1 650 000	1 347 000	1 472 000	861 000
Total Equity and Debt	5 447 000	4 989 000	2 900 000	1 584 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,75 %	31,34 %	63,48 %	70,14 %
Debt-to-Equity Ratio	0,62	0,76	0	0
Operating Profit Margin	6,44 %	13,23 %	16,07 %	13,7 %
Current Ratio	1,91	1,79	1,76	1,6
Quick Ratio	2,88	2,38	2,01	1,78
Equity Ratio	0,43	0,42	0,49	0,45
Gross Profit Margin	55,4 %	59,12 %	55,87 %	55,01 %