BLU ELECTRO AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

59,06 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	110 334 000	50 919 000	3 229 000
Net Income	2 015 000	189 000	−2 792 000
Total Assets	35 068 000	20 807 000	4 520 000
Total Equity	3 412 000	1 397 000	1 208 000

Income (NOK)	2022	2021	2020
Revenue	110 334 000	50 919 000	3 229 000
Expenditure	107 464 000	50 497 000	6 788 000
Operating Profit	2 870 000	422 000	−3 559 000
Financial Income	16 000	5 000	0
Financial Costs	262 000	144 000	19 000
Financial Balance	−246 000	−139 000	−19 000
Earnings Before Tax	2 624 000	283 000	−3 577 000
Tax	608 000	95 000	−786 000
Net Income	2 015 000	189 000	−2 792 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	595 000	1 030 000	944 000
Total Current Assets	34 472 000	19 777 000	3 576 000
Total Assets	35 068 000	20 807 000	4 520 000
Total Retained Equity	−588 000	−2 603 000	−2 792 000
Total Equity	3 412 000	1 397 000	1 208 000
Total Long-Term Debt	0	0	0
Total Current Debt	31 655 000	19 410 000	3 311 000
Total Equity and Debt	35 068 000	20 807 000	4 520 000

Cash flow (NOK)	2022	2021	2020
Sales Income	110 334 000	50 919 000	3 229 000
Other Income	0	0	0
Revenue	110 334 000	50 919 000	3 229 000
Cost of Goods Sold	2 836 000	2 469 000	1 107 000
Salary Costs	91 712 000	39 823 000	4 064 000
Depreciation	109 000	59 000	20 000
Impairment	0	0	0
Expenditure	107 464 000	50 497 000	6 788 000
Operating Profit	2 870 000	422 000	−3 559 000
Financial Income	16 000	5 000	0
Financial Costs	262 000	144 000	19 000
Financial Balance	−246 000	−139 000	−19 000
Dividends	0	0	0
Net Income	2 015 000	189 000	−2 792 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	83 000	691 000	786 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	366 000	99 000	158 000
Total Tangible Assets	366 000	99 000	158 000
Total Fiancial Fixed Assets	147 000	240 000	0
Total Fixed Assets	595 000	1 030 000	944 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	3 967 000	1 835 000	1 010 000
Total Current Assets	34 472 000	19 777 000	3 576 000
Total Assets	35 068 000	20 807 000	4 520 000
Total Equity	3 412 000	1 397 000	1 208 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	2 499 000	1 380 000	710 000
Unpaid Taxes	13 522 000	6 203 000	689 000
Dividends	0	0	0
Other Current Debt	14 914 000	8 880 000	1 913 000
Total Current Debt	31 655 000	19 410 000	3 311 000
Total Equity and Debt	35 068 000	20 807 000	4 520 000

Financial indicators	2022	2021	2020
Return on Equity	59,06 %	13,53 %	−231,13 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	2,6 %	0,83 %	−110,22 %
Current Ratio	1,09	1,02	1,08
Quick Ratio	1,09	1,02	1,08
Equity Ratio	0,1	0,07	0,27
Gross Profit Margin	97,43 %	95,15 %	65,72 %