BITFROST AS

4755 HOVDEN I SETESDAL

Finances

Share Ownership

Return on Equity

−14,63 %

Current Ratio

1,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 148 000	4 661 000	7 194 000	6 554 000
Net Income	−189 000	22 000	−3 000	544 000
Total Assets	2 937 000	2 462 000	2 211 000	1 930 000
Total Equity	1 292 000	868 000	197 000	200 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 148 000	4 661 000	7 194 000	6 554 000
Expenditure	5 326 000	4 627 000	7 195 000	5 998 000
Operating Profit	−178 000	34 000	−2 000	555 000
Financial Income	0	−2 000	0	0
Financial Costs	11 000	11 000	1 000	11 000
Financial Balance	−11 000	−13 000	−1 000	−11 000
Earnings Before Tax	−189 000	22 000	−3 000	544 000
Tax	0	0	0	0
Net Income	−189 000	22 000	−3 000	544 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	62 000	0	0	0
Total Current Assets	2 875 000	2 462 000	2 211 000	1 930 000
Total Assets	2 937 000	2 462 000	2 211 000	1 930 000
Total Retained Equity	1 092 000	668 000	−3 000	0
Total Equity	1 292 000	868 000	197 000	200 000
Total Long-Term Debt	0	0	300 000	0
Total Current Debt	1 645 000	1 594 000	1 713 000	1 730 000
Total Equity and Debt	2 937 000	2 462 000	2 211 000	1 930 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 148 000	4 661 000	7 273 000	6 554 000
Other Income	0	0	−79 000	0
Revenue	5 148 000	4 661 000	7 194 000	6 554 000
Cost of Goods Sold	3 173 000	2 522 000	4 673 000	3 722 000
Salary Costs	1 770 000	1 834 000	2 324 000	2 132 000
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	5 326 000	4 627 000	7 195 000	5 998 000
Operating Profit	−178 000	34 000	−2 000	555 000
Financial Income	0	−2 000	0	0
Financial Costs	11 000	11 000	1 000	11 000
Financial Balance	−11 000	−13 000	−1 000	−11 000
Dividends	0	0	0	1 490 000
Net Income	−189 000	22 000	−3 000	544 000

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	62 000	0	0	0
Total Tangible Assets	62 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	62 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	69 000	44 000	435 000	413 000
Total Current Assets	2 875 000	2 462 000	2 211 000	1 930 000
Total Assets	2 937 000	2 462 000	2 211 000	1 930 000
Total Equity	1 292 000	868 000	197 000	200 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	300 000	0
Creditors	741 000	427 000	1 091 000	861 000
Unpaid Taxes	229 000	247 000	392 000	290 000
Dividends	0	0	0	1 490 000
Other Current Debt	462 000	465 000	231 000	579 000
Total Current Debt	1 645 000	1 594 000	1 713 000	1 730 000
Total Equity and Debt	2 937 000	2 462 000	2 211 000	1 930 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,63 %	2,53 %	−1,52 %	272 %
Debt-to-Equity Ratio	0	0	1,52	0
Operating Profit Margin	−3,46 %	0,73 %	−0,03 %	8,47 %
Current Ratio	1,75	1,54	1,29	1,12
Quick Ratio	1,75	1,54	1,29	1,12
Equity Ratio	0,44	0,35	0,09	0,1
Gross Profit Margin	38,36 %	45,89 %	35,04 %	43,21 %