BALCO AS

1184 OSLO

Finances

Share Ownership

Return on Equity

42,8 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 920 000	9 719 000	9 541 000	9 264 000
Net Income	434 000	316 000	297 000	209 000
Total Assets	3 024 000	2 434 000	3 617 000	2 827 000
Total Equity	1 014 000	580 000	1 763 000	1 466 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 920 000	9 719 000	9 541 000	9 264 000
Expenditure	10 389 000	9 317 000	9 154 000	8 978 000
Operating Profit	532 000	403 000	388 000	287 000
Financial Income	31 000	2 000	4 000	14 000
Financial Costs	0	1 000	0	1 000
Financial Balance	31 000	1 000	4 000	13 000
Earnings Before Tax	562 000	404 000	391 000	300 000
Tax	128 000	88 000	94 000	91 000
Net Income	434 000	316 000	297 000	209 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	84 000	108 000	21 000	84 000
Total Current Assets	2 940 000	2 326 000	3 596 000	2 744 000
Total Assets	3 024 000	2 434 000	3 617 000	2 827 000
Total Retained Equity	914 000	480 000	1 663 000	1 366 000
Total Equity	1 014 000	580 000	1 763 000	1 466 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 010 000	1 855 000	1 854 000	1 361 000
Total Equity and Debt	3 024 000	2 434 000	3 617 000	2 827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 920 000	9 719 000	9 541 000	9 264 000
Other Income	0	0	0	0
Revenue	10 920 000	9 719 000	9 541 000	9 264 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 568 000	5 773 000	5 522 000	4 961 000
Depreciation	24 000	7 000	89 000	109 000
Impairment	0	0	0	0
Expenditure	10 389 000	9 317 000	9 154 000	8 978 000
Operating Profit	532 000	403 000	388 000	287 000
Financial Income	31 000	2 000	4 000	14 000
Financial Costs	0	1 000	0	1 000
Financial Balance	31 000	1 000	4 000	13 000
Dividends	0	0	0	0
Net Income	434 000	316 000	297 000	209 000

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	84 000	108 000	21 000	84 000
Total Tangible Assets	84 000	108 000	21 000	84 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	84 000	108 000	21 000	84 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	306 000	329 000	358 000	581 000
Total Current Assets	2 940 000	2 326 000	3 596 000	2 744 000
Total Assets	3 024 000	2 434 000	3 617 000	2 827 000
Total Equity	1 014 000	580 000	1 763 000	1 466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	535 000	375 000	334 000	211 000
Unpaid Taxes	776 000	824 000	931 000	580 000
Dividends	0	0	0	0
Other Current Debt	572 000	568 000	495 000	479 000
Total Current Debt	2 010 000	1 855 000	1 854 000	1 361 000
Total Equity and Debt	3 024 000	2 434 000	3 617 000	2 827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,8 %	54,48 %	16,85 %	14,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,87 %	4,15 %	4,07 %	3,1 %
Current Ratio	1,46	1,25	1,94	2,02
Quick Ratio	1,46	1,25	1,94	2,02
Equity Ratio	0,34	0,24	0,49	0,52
Gross Profit Margin	100 %	100 %	100 %	100 %