BLAFRO SERVICE AS

3260 LARVIK

Finances

Share Ownership

Return on Equity

101,73 %

Current Ratio

1,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 781 000	16 865 000	7 989 000	6 220 000
Net Income	10 466 000	3 685 000	−399 000	482 000
Total Assets	20 124 000	10 407 000	12 301 000	15 812 000
Total Equity	10 288 000	1 822 000	137 000	1 435 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 781 000	16 865 000	7 989 000	6 220 000
Expenditure	15 983 000	12 385 000	7 921 000	5 251 000
Operating Profit	13 797 000	4 480 000	69 000	969 000
Financial Income	103 000	21 000	19 000	35 000
Financial Costs	190 000	346 000	486 000	522 000
Financial Balance	−87 000	−325 000	−467 000	−487 000
Earnings Before Tax	13 711 000	4 155 000	−399 000	482 000
Tax	3 245 000	469 000	0	0
Net Income	10 466 000	3 685 000	−399 000	482 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 859 000	6 249 000	8 539 000	10 829 000
Total Current Assets	16 265 000	4 158 000	3 762 000	4 983 000
Total Assets	20 124 000	10 407 000	12 301 000	15 812 000
Total Retained Equity	10 188 000	1 722 000	37 000	1 335 000
Total Equity	10 288 000	1 822 000	137 000	1 435 000
Total Long-Term Debt	0	4 265 000	9 585 000	10 201 000
Total Current Debt	9 836 000	4 319 000	2 580 000	4 176 000
Total Equity and Debt	20 124 000	10 407 000	12 301 000	15 812 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 781 000	16 865 000	7 989 000	6 220 000
Other Income	0	0	0	0
Revenue	29 781 000	16 865 000	7 989 000	6 220 000
Cost of Goods Sold	4 045 000	5 604 000	4 520 000	2 760 000
Salary Costs	0	0	0	0
Depreciation	2 290 000	2 290 000	2 290 000	794 000
Impairment	0	0	0	0
Expenditure	15 983 000	12 385 000	7 921 000	5 251 000
Operating Profit	13 797 000	4 480 000	69 000	969 000
Financial Income	103 000	21 000	19 000	35 000
Financial Costs	190 000	346 000	486 000	522 000
Financial Balance	−87 000	−325 000	−467 000	−487 000
Dividends	0	2 000 000	900 000	0
Net Income	10 466 000	3 685 000	−399 000	482 000

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	3 859 000	6 149 000	8 439 000	10 729 000
Fixtures	0	0	0	0
Total Tangible Assets	3 859 000	6 149 000	8 439 000	10 729 000
Total Fiancial Fixed Assets	0	100 000	100 000	100 000
Total Fixed Assets	3 859 000	6 249 000	8 539 000	10 829 000
Stock	0	796 000	300 000	598 000
Total Investments	0	0	0	0
Cash, Bank	13 744 000	2 681 000	2 501 000	587 000
Total Current Assets	16 265 000	4 158 000	3 762 000	4 983 000
Total Assets	20 124 000	10 407 000	12 301 000	15 812 000
Total Equity	10 288 000	1 822 000	137 000	1 435 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	4 265 000	9 585 000	10 201 000
Creditors	4 591 000	431 000	88 000	1 130 000
Unpaid Taxes	0	0	203 000	461 000
Dividends	0	2 000 000	900 000	0
Other Current Debt	2 000 000	1 419 000	1 389 000	2 585 000
Total Current Debt	9 836 000	4 319 000	2 580 000	4 176 000
Total Equity and Debt	20 124 000	10 407 000	12 301 000	15 812 000

Financial indicators	2022	2021	2020	2019
Return on Equity	101,73 %	202,25 %	−291,24 %	33,59 %
Debt-to-Equity Ratio	0	2,34	69,96	7,11
Operating Profit Margin	46,33 %	26,56 %	0,86 %	15,58 %
Current Ratio	1,65	0,96	1,46	1,19
Quick Ratio	1,65	1,18	1,65	1,39
Equity Ratio	0,51	0,18	0,01	0,09
Gross Profit Margin	86,42 %	66,77 %	43,42 %	55,63 %