GROVE AS

4360 VARHAUG

Finances

Return on Equity

39,1 %

Current Ratio

2,44

Debt-to-Equity Ratio

0,61

Key figures (NOK)	2022	2021	2020
Revenue	2 076 000	1 268 000	299 000
Net Income	459 000	−46 000	325 000
Total Assets	2 109 000	1 380 000	985 000
Total Equity	1 174 000	715 000	761 000

Income (NOK)	2022	2021	2020
Revenue	2 076 000	1 268 000	299 000
Expenditure	2 356 000	1 447 000	882 000
Operating Profit	−280 000	−178 000	−584 000
Financial Income	740 000	132 000	920 000
Financial Costs	1 000	0	1 000
Financial Balance	739 000	132 000	919 000
Earnings Before Tax	459 000	−46 000	335 000
Tax	0	0	10 000
Net Income	459 000	−46 000	325 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 589 000	1 175 000	824 000
Total Current Assets	520 000	205 000	162 000
Total Assets	2 109 000	1 380 000	985 000
Total Retained Equity	738 000	279 000	325 000
Total Equity	1 174 000	715 000	761 000
Total Long-Term Debt	722 000	530 000	200 000
Total Current Debt	213 000	135 000	24 000
Total Equity and Debt	2 109 000	1 380 000	985 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 029 000	1 259 000	271 000
Other Income	48 000	9 000	28 000
Revenue	2 076 000	1 268 000	299 000
Cost of Goods Sold	392 000	316 000	104 000
Salary Costs	487 000	107 000	101 000
Depreciation	352 000	279 000	136 000
Impairment	22 000	0	0
Expenditure	2 356 000	1 447 000	882 000
Operating Profit	−280 000	−178 000	−584 000
Financial Income	740 000	132 000	920 000
Financial Costs	1 000	0	1 000
Financial Balance	739 000	132 000	919 000
Dividends	0	0	0
Net Income	459 000	−46 000	325 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	697 000	614 000	560 000
Fixtures	517 000	427 000	254 000
Total Tangible Assets	1 214 000	1 041 000	814 000
Total Fiancial Fixed Assets	375 000	134 000	10 000
Total Fixed Assets	1 589 000	1 175 000	824 000
Stock	15 000	8 000	0
Total Investments	0	0	0
Cash, Bank	158 000	95 000	136 000
Total Current Assets	520 000	205 000	162 000
Total Assets	2 109 000	1 380 000	985 000
Total Equity	1 174 000	715 000	761 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	722 000	530 000	200 000
Creditors	142 000	83 000	25 000
Unpaid Taxes	8 000	40 000	−18 000
Dividends	0	0	0
Other Current Debt	52 000	2 000	7 000
Total Current Debt	213 000	135 000	24 000
Total Equity and Debt	2 109 000	1 380 000	985 000

Financial indicators	2022	2021	2020
Return on Equity	39,1 %	−6,43 %	42,71 %
Debt-to-Equity Ratio	0,61	0,74	0,26
Operating Profit Margin	−13,49 %	−14,04 %	−195,32 %
Current Ratio	2,44	1,52	6,75
Quick Ratio	2,63	1,61	6,75
Equity Ratio	0,56	0,52	0,77
Gross Profit Margin	81,12 %	75,08 %	65,22 %