BLUETEC VEST AS

6885 ÅRDALSTANGEN

Finances

Share Ownership

Return on Equity

−241,49 %

Current Ratio

2,03

Debt-to-Equity Ratio

7,37

Key figures (NOK)	2022	2021	2020
Revenue	12 423 000	1 664 000	190 000
Net Income	−1 164 000	−515 000	−484 000
Total Assets	6 760 000	2 414 000	1 209 000
Total Equity	482 000	131 000	646 000

Income (NOK)	2022	2021	2020
Revenue	12 423 000	1 664 000	190 000
Expenditure	13 723 000	2 410 000	673 000
Operating Profit	−1 300 000	−746 000	−483 000
Financial Income	1 000	0	0
Financial Costs	193 000	51 000	1 000
Financial Balance	−192 000	−51 000	−1 000
Earnings Before Tax	−1 492 000	−796 000	−484 000
Tax	−328 000	−282 000	0
Net Income	−1 164 000	−515 000	−484 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 215 000	309 000	0
Total Current Assets	5 545 000	2 106 000	1 209 000
Total Assets	6 760 000	2 414 000	1 209 000
Total Retained Equity	−2 163 000	−999 000	−484 000
Total Equity	482 000	131 000	646 000
Total Long-Term Debt	3 550 000	1 900 000	0
Total Current Debt	2 728 000	383 000	564 000
Total Equity and Debt	6 760 000	2 414 000	1 209 000

Cash flow (NOK)	2022	2021	2020
Sales Income	12 198 000	1 289 000	190 000
Other Income	225 000	375 000	0
Revenue	12 423 000	1 664 000	190 000
Cost of Goods Sold	9 729 000	1 454 000	476 000
Salary Costs	2 757 000	458 000	3 000
Depreciation	91 000	1 000	0
Impairment	0	0	0
Expenditure	13 723 000	2 410 000	673 000
Operating Profit	−1 300 000	−746 000	−483 000
Financial Income	1 000	0	0
Financial Costs	193 000	51 000	1 000
Financial Balance	−192 000	−51 000	−1 000
Dividends	0	0	0
Net Income	−1 164 000	−515 000	−484 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	610 000	282 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	193 000	0	0
Fixtures	412 000	27 000	0
Total Tangible Assets	605 000	27 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 215 000	309 000	0
Stock	1 085 000	132 000	0
Total Investments	0	0	0
Cash, Bank	2 445 000	1 752 000	1 095 000
Total Current Assets	5 545 000	2 106 000	1 209 000
Total Assets	6 760 000	2 414 000	1 209 000
Total Equity	482 000	131 000	646 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 550 000	1 900 000	0
Creditors	1 598 000	271 000	564 000
Unpaid Taxes	383 000	68 000	0
Dividends	0	0	0
Other Current Debt	747 000	45 000	0
Total Current Debt	2 728 000	383 000	564 000
Total Equity and Debt	6 760 000	2 414 000	1 209 000

Financial indicators	2022	2021	2020
Return on Equity	−241,49 %	−393,13 %	−74,92 %
Debt-to-Equity Ratio	7,37	14,5	0
Operating Profit Margin	−10,46 %	−44,83 %	−254,21 %
Current Ratio	2,03	5,5	2,14
Quick Ratio	3,37	8,39	2,14
Equity Ratio	0,07	0,05	0,53
Gross Profit Margin	21,69 %	12,62 %	−150,53 %