BRAVAS ENGINEERING AS

0581 OSLO

Finances

Share Ownership

Return on Equity

−217,32 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2021	2020	2019	2018
Revenue	45 358 000	39 753 000	24 278 000	8 689 000
Net Income	−1 506 000	1 463 000	384 000	123 000
Total Assets	16 395 000	9 462 000	11 105 000	4 270 000
Total Equity	693 000	2 200 000	736 000	353 000

Income (NOK)	2021	2020	2019	2018
Revenue	45 358 000	39 753 000	24 278 000	8 689 000
Expenditure	45 833 000	38 324 000	24 212 000	8 575 000
Operating Profit	−1 699 000	1 940 000	590 000	289 000
Financial Income	0	1 000	1 000	0
Financial Costs	229 000	63 000	142 000	67 000
Financial Balance	−229 000	−62 000	−141 000	−67 000
Earnings Before Tax	−1 929 000	1 877 000	449 000	223 000
Tax	−422 000	414 000	66 000	100 000
Net Income	−1 506 000	1 463 000	384 000	123 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	18 000	62 000	151 000
Total Current Assets	16 395 000	9 444 000	11 044 000	4 120 000
Total Assets	16 395 000	9 462 000	11 105 000	4 270 000
Total Retained Equity	463 000	1 970 000	506 000	123 000
Total Equity	693 000	2 200 000	736 000	353 000
Total Long-Term Debt	57 000	479 000	66 000	0
Total Current Debt	15 644 000	6 783 000	10 303 000	3 918 000
Total Equity and Debt	16 395 000	9 462 000	11 105 000	4 270 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	45 358 000	39 753 000	24 278 000	8 689 000
Other Income	0	0	0	0
Revenue	45 358 000	39 753 000	24 278 000	8 689 000
Cost of Goods Sold	28 589 000	20 815 000	12 095 000	1 865 000
Salary Costs	12 797 000	14 325 000	9 500 000	4 556 000
Depreciation	18 000	43 000	60 000	54 000
Impairment	0	0	0	0
Expenditure	45 833 000	38 324 000	24 212 000	8 575 000
Operating Profit	−1 699 000	1 940 000	590 000	289 000
Financial Income	0	1 000	1 000	0
Financial Costs	229 000	63 000	142 000	67 000
Financial Balance	−229 000	−62 000	−141 000	−67 000
Dividends	0	0	0	0
Net Income	−1 506 000	1 463 000	384 000	123 000

Balance details (NOK)	2021	2020	2019	2018
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	18 000	62 000	151 000
Total Tangible Assets	0	18 000	62 000	151 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	18 000	62 000	151 000
Stock	644 000	1 211 000	700 000	350 000
Total Investments	0	0	0	0
Cash, Bank	686 000	848 000	483 000	355 000
Total Current Assets	16 395 000	9 444 000	11 044 000	4 120 000
Total Assets	16 395 000	9 462 000	11 105 000	4 270 000
Total Equity	693 000	2 200 000	736 000	353 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	57 000	479 000	66 000	0
Creditors	7 919 000	2 516 000	4 993 000	556 000
Unpaid Taxes	1 941 000	1 914 000	2 187 000	361 000
Dividends	0	0	0	0
Other Current Debt	1 224 000	1 344 000	898 000	985 000
Total Current Debt	15 644 000	6 783 000	10 303 000	3 918 000
Total Equity and Debt	16 395 000	9 462 000	11 105 000	4 270 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−217,32 %	66,5 %	52,17 %	34,84 %
Debt-to-Equity Ratio	0,08	0,22	0,09	0
Operating Profit Margin	−3,75 %	4,88 %	2,43 %	3,33 %
Current Ratio	1,05	1,39	1,07	1,05
Quick Ratio	1,09	1,69	1,15	1,15
Equity Ratio	0,04	0,23	0,07	0,08
Gross Profit Margin	36,97 %	47,64 %	50,18 %	78,54 %