BALSFJORD VVS AS

9050 STORSTEINNES

Finances

Return on Equity

30,13 %

Current Ratio

2,69

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 337 000	8 505 000	7 125 000	7 393 000
Net Income	844 000	1 386 000	741 000	834 000
Total Assets	4 433 000	4 472 000	3 226 000	3 832 000
Total Equity	2 801 000	1 957 000	1 571 000	1 530 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 337 000	8 505 000	7 125 000	7 393 000
Expenditure	7 256 000	6 732 000	6 177 000	6 327 000
Operating Profit	1 081 000	1 774 000	947 000	1 066 000
Financial Income	3 000	3 000	3 000	6 000
Financial Costs	0	0	0	2 000
Financial Balance	3 000	3 000	3 000	4 000
Earnings Before Tax	1 084 000	1 777 000	950 000	1 070 000
Tax	239 000	391 000	209 000	236 000
Net Income	844 000	1 386 000	741 000	834 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	307 000	392 000	138 000	150 000
Total Current Assets	4 126 000	4 080 000	3 088 000	3 682 000
Total Assets	4 433 000	4 472 000	3 226 000	3 832 000
Total Retained Equity	2 693 000	1 849 000	1 463 000	1 422 000
Total Equity	2 801 000	1 957 000	1 571 000	1 530 000
Total Long-Term Debt	98 000	111 000	0	0
Total Current Debt	1 534 000	2 404 000	1 655 000	2 302 000
Total Equity and Debt	4 433 000	4 472 000	3 226 000	3 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 337 000	7 814 000	7 125 000	7 393 000
Other Income	0	691 000	0	0
Revenue	8 337 000	8 505 000	7 125 000	7 393 000
Cost of Goods Sold	3 057 000	2 888 000	2 614 000	2 719 000
Salary Costs	3 026 000	2 691 000	2 441 000	2 387 000
Depreciation	6 000	9 000	7 000	11 000
Impairment	0	0	0	0
Expenditure	7 256 000	6 732 000	6 177 000	6 327 000
Operating Profit	1 081 000	1 774 000	947 000	1 066 000
Financial Income	3 000	3 000	3 000	6 000
Financial Costs	0	0	0	2 000
Financial Balance	3 000	3 000	3 000	4 000
Dividends	0	0	700 000	900 000
Net Income	844 000	1 386 000	741 000	834 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	9 000	15 000	3 000	7 000
Fixtures	0	0	90 000	0
Total Tangible Assets	9 000	15 000	93 000	7 000
Total Fiancial Fixed Assets	298 000	377 000	43 000	139 000
Total Fixed Assets	307 000	392 000	138 000	150 000
Stock	675 000	525 000	416 000	442 000
Total Investments	0	0	0	0
Cash, Bank	1 484 000	1 861 000	1 212 000	1 625 000
Total Current Assets	4 126 000	4 080 000	3 088 000	3 682 000
Total Assets	4 433 000	4 472 000	3 226 000	3 832 000
Total Equity	2 801 000	1 957 000	1 571 000	1 530 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	98 000	111 000	0	0
Creditors	257 000	227 000	67 000	446 000
Unpaid Taxes	683 000	601 000	425 000	465 000
Dividends	0	0	700 000	900 000
Other Current Debt	342 000	298 000	256 000	242 000
Total Current Debt	1 534 000	2 404 000	1 655 000	2 302 000
Total Equity and Debt	4 433 000	4 472 000	3 226 000	3 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,13 %	70,82 %	47,17 %	54,51 %
Debt-to-Equity Ratio	0,03	0,06	0	0
Operating Profit Margin	12,97 %	20,86 %	13,29 %	14,42 %
Current Ratio	2,69	1,7	1,87	1,6
Quick Ratio	4,8	2,17	2,49	1,98
Equity Ratio	0,63	0,44	0,49	0,4
Gross Profit Margin	63,33 %	66,04 %	63,31 %	63,22 %