PALMGREN AS

0582 OSLO

Finances

Return on Equity

41,7 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	97 743 000	69 239 000	106 314 000	125 411 000
Net Income	5 083 000	−1 295 000	3 792 000	9 077 000
Total Assets	42 101 000	27 675 000	37 432 000	44 055 000
Total Equity	12 188 000	12 873 000	18 168 000	18 077 000

Income (NOK)	2022	2021	2020	2019
Revenue	97 743 000	69 239 000	106 314 000	125 411 000
Expenditure	91 257 000	70 907 000	101 492 000	113 845 000
Operating Profit	6 486 000	−1 668 000	4 822 000	11 567 000
Financial Income	33 000	13 000	46 000	97 000
Financial Costs	2 000	3 000	5 000	8 000
Financial Balance	31 000	10 000	41 000	89 000
Earnings Before Tax	6 517 000	−1 658 000	4 863 000	11 656 000
Tax	1 434 000	−363 000	1 071 000	2 580 000
Net Income	5 083 000	−1 295 000	3 792 000	9 077 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 627 000	3 108 000	2 124 000	1 648 000
Total Current Assets	39 474 000	24 567 000	35 308 000	42 407 000
Total Assets	42 101 000	27 675 000	37 432 000	44 055 000
Total Retained Equity	10 353 000	11 026 000	16 321 000	16 229 000
Total Equity	12 188 000	12 873 000	18 168 000	18 077 000
Total Long-Term Debt	231 000	0	0	47 000
Total Current Debt	29 682 000	14 801 000	19 263 000	25 931 000
Total Equity and Debt	42 101 000	27 675 000	37 432 000	44 055 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	97 644 000	69 182 000	106 310 000	125 313 000
Other Income	99 000	56 000	3 000	98 000
Revenue	97 743 000	69 239 000	106 314 000	125 411 000
Cost of Goods Sold	63 388 000	44 181 000	70 652 000	83 372 000
Salary Costs	22 978 000	21 104 000	25 487 000	25 982 000
Depreciation	777 000	931 000	829 000	701 000
Impairment	0	0	0	0
Expenditure	91 257 000	70 907 000	101 492 000	113 845 000
Operating Profit	6 486 000	−1 668 000	4 822 000	11 567 000
Financial Income	33 000	13 000	46 000	97 000
Financial Costs	2 000	3 000	5 000	8 000
Financial Balance	31 000	10 000	41 000	89 000
Dividends	4 300 000	0	3 700 000	7 000 000
Net Income	5 083 000	−1 295 000	3 792 000	9 077 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	775 000	412 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 627 000	2 333 000	1 712 000	1 648 000
Total Tangible Assets	2 627 000	2 333 000	1 712 000	1 648 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 627 000	3 108 000	2 124 000	1 648 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 228 000	12 655 000	23 473 000	24 509 000
Total Current Assets	39 474 000	24 567 000	35 308 000	42 407 000
Total Assets	42 101 000	27 675 000	37 432 000	44 055 000
Total Equity	12 188 000	12 873 000	18 168 000	18 077 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	231 000	0	0	47 000
Creditors	17 970 000	3 249 000	4 016 000	6 707 000
Unpaid Taxes	1 800 000	2 849 000	4 562 000	3 294 000
Dividends	4 300 000	0	3 700 000	7 000 000
Other Current Debt	5 185 000	8 704 000	5 455 000	6 298 000
Total Current Debt	29 682 000	14 801 000	19 263 000	25 931 000
Total Equity and Debt	42 101 000	27 675 000	37 432 000	44 055 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,7 %	−10,06 %	20,87 %	50,21 %
Debt-to-Equity Ratio	0,02	0	0	0
Operating Profit Margin	6,64 %	−2,41 %	4,54 %	9,22 %
Current Ratio	1,33	1,66	1,83	1,64
Quick Ratio	1,33	1,66	1,83	1,64
Equity Ratio	0,29	0,47	0,49	0,41
Gross Profit Margin	35,15 %	36,19 %	33,54 %	33,52 %