BRAGES EIENDOM II AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

9,63 %

Current Ratio

0,88

Debt-to-Equity Ratio

1,79

Key figures (NOK)	2022	2021	2020
Revenue	3 913 000	3 913 000	3 858 000
Net Income	1 501 000	1 520 000	1 159 000
Total Assets	44 044 000	32 311 000	33 461 000
Total Equity	15 584 000	14 083 000	13 027 000

Income (NOK)	2022	2021	2020
Revenue	3 913 000	3 913 000	3 858 000
Expenditure	1 289 000	1 270 000	1 548 000
Operating Profit	2 624 000	2 644 000	2 310 000
Financial Income	114 000	3 000	7 000
Financial Costs	857 000	697 000	830 000
Financial Balance	−743 000	−694 000	−823 000
Earnings Before Tax	1 881 000	1 949 000	1 486 000
Tax	380 000	429 000	327 000
Net Income	1 501 000	1 520 000	1 159 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	43 582 000	32 310 000	33 436 000
Total Current Assets	462 000	0	25 000
Total Assets	44 044 000	32 311 000	33 461 000
Total Retained Equity	13 735 000	12 234 000	11 178 000
Total Equity	15 584 000	14 083 000	13 027 000
Total Long-Term Debt	27 932 000	16 805 000	19 695 000
Total Current Debt	527 000	1 423 000	739 000
Total Equity and Debt	44 044 000	32 311 000	33 461 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	3 913 000	3 913 000	3 858 000
Revenue	3 913 000	3 913 000	3 858 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	1 126 000	1 126 000	1 126 000
Impairment	0	0	0
Expenditure	1 289 000	1 270 000	1 548 000
Operating Profit	2 624 000	2 644 000	2 310 000
Financial Income	114 000	3 000	7 000
Financial Costs	857 000	697 000	830 000
Financial Balance	−743 000	−694 000	−823 000
Dividends	0	0	0
Net Income	1 501 000	1 520 000	1 159 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	31 185 000	32 310 000	33 436 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	31 185 000	32 310 000	33 436 000
Total Fiancial Fixed Assets	12 398 000	0	0
Total Fixed Assets	43 582 000	32 310 000	33 436 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	462 000	0	25 000
Total Assets	44 044 000	32 311 000	33 461 000
Total Equity	15 584 000	14 083 000	13 027 000
Short-Term Group Debt	0	1 051 000	354 000
Total Long-Term Debt	27 932 000	16 805 000	19 695 000
Creditors	16 000	1 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	101 000	58 000	59 000
Total Current Debt	527 000	1 423 000	739 000
Total Equity and Debt	44 044 000	32 311 000	33 461 000

Financial indicators	2022	2021	2020
Return on Equity	9,63 %	10,79 %	8,9 %
Debt-to-Equity Ratio	1,79	1,19	1,51
Operating Profit Margin	67,06 %	67,57 %	59,88 %
Current Ratio	0,88	0	0,03
Quick Ratio	0,88	0	0,03
Equity Ratio	0,35	0,44	0,39
Gross Profit Margin	100 %	100 %	100 %