BUSINESS ASSURANCE TECH AS

6521 FREI

Finances

Share Ownership

Return on Equity

15,36 %

Current Ratio

1,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 496 000	1 719 000	1 826 000	510 000
Net Income	45 000	78 000	482 000	152 000
Total Assets	766 000	611 000	727 000	660 000
Total Equity	293 000	248 000	170 000	188 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 496 000	1 719 000	1 826 000	510 000
Expenditure	2 422 000	1 619 000	1 207 000	315 000
Operating Profit	73 000	100 000	618 000	195 000
Financial Income	0	0	0	0
Financial Costs	15 000	0	0	0
Financial Balance	−15 000	0	0	0
Earnings Before Tax	58 000	100 000	618 000	195 000
Tax	13 000	22 000	136 000	43 000
Net Income	45 000	78 000	482 000	152 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	766 000	611 000	727 000	660 000
Total Assets	766 000	611 000	727 000	660 000
Total Retained Equity	257 000	212 000	134 000	152 000
Total Equity	293 000	248 000	170 000	188 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	473 000	363 000	557 000	472 000
Total Equity and Debt	766 000	611 000	727 000	660 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 474 000	1 719 000	1 826 000	510 000
Other Income	21 000	0	0	0
Revenue	2 496 000	1 719 000	1 826 000	510 000
Cost of Goods Sold	0	0	0	1 000
Salary Costs	1 852 000	1 300 000	866 000	192 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 422 000	1 619 000	1 207 000	315 000
Operating Profit	73 000	100 000	618 000	195 000
Financial Income	0	0	0	0
Financial Costs	15 000	0	0	0
Financial Balance	−15 000	0	0	0
Dividends	0	0	500 000	0
Net Income	45 000	78 000	482 000	152 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	−70 000	0	0	0
Cash, Bank	655 000	440 000	618 000	613 000
Total Current Assets	766 000	611 000	727 000	660 000
Total Assets	766 000	611 000	727 000	660 000
Total Equity	293 000	248 000	170 000	188 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	0	12 000	2 000
Unpaid Taxes	264 000	201 000	147 000	188 000
Dividends	0	0	500 000	0
Other Current Debt	197 000	140 000	262 000	238 000
Total Current Debt	473 000	363 000	557 000	472 000
Total Equity and Debt	766 000	611 000	727 000	660 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,36 %	31,45 %	283,53 %	80,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,92 %	5,82 %	33,84 %	38,24 %
Current Ratio	1,62	1,68	1,31	1,4
Quick Ratio	1,62	1,68	1,31	1,4
Equity Ratio	0,38	0,41	0,23	0,28
Gross Profit Margin	100 %	100 %	100 %	99,8 %