GROVANE EIENDOM AS

4707 VENNESLA

Finances

Share Ownership

Return on Equity

9,39 %

Current Ratio

2,23

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 041 000	822 000	1 781 000	1 679 000
Net Income	254 000	55 000	555 000	600 000
Total Assets	3 397 000	2 969 000	6 972 000	6 762 000
Total Equity	2 705 000	2 602 000	2 546 000	5 691 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 041 000	822 000	1 781 000	1 679 000
Expenditure	716 000	758 000	1 101 000	965 000
Operating Profit	324 000	65 000	680 000	714 000
Financial Income	1 000	8 000	56 000	59 000
Financial Costs	0	0	0	0
Financial Balance	1 000	8 000	56 000	59 000
Earnings Before Tax	326 000	72 000	736 000	772 000
Tax	72 000	17 000	181 000	172 000
Net Income	254 000	55 000	555 000	600 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 115 000	2 211 000	1 999 000	2 100 000
Total Current Assets	1 281 000	758 000	4 973 000	4 662 000
Total Assets	3 397 000	2 969 000	6 972 000	6 762 000
Total Retained Equity	2 602 000	2 499 000	2 444 000	5 588 000
Total Equity	2 705 000	2 602 000	2 546 000	5 691 000
Total Long-Term Debt	117 000	129 000	141 000	154 000
Total Current Debt	575 000	238 000	4 284 000	916 000
Total Equity and Debt	3 397 000	2 969 000	6 972 000	6 762 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	19 000	49 000	68 000
Other Income	1 041 000	804 000	1 732 000	1 611 000
Revenue	1 041 000	822 000	1 781 000	1 679 000
Cost of Goods Sold	0	0	0	0
Salary Costs	120 000	188 000	424 000	388 000
Depreciation	96 000	96 000	101 000	105 000
Impairment	0	0	0	0
Expenditure	716 000	758 000	1 101 000	965 000
Operating Profit	324 000	65 000	680 000	714 000
Financial Income	1 000	8 000	56 000	59 000
Financial Costs	0	0	0	0
Financial Balance	1 000	8 000	56 000	59 000
Dividends	0	0	3 700 000	470 000
Net Income	254 000	55 000	555 000	600 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 115 000	2 211 000	1 999 000	2 100 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 115 000	2 211 000	1 999 000	2 100 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 115 000	2 211 000	1 999 000	2 100 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	973 000	746 000	4 937 000	4 586 000
Total Current Assets	1 281 000	758 000	4 973 000	4 662 000
Total Assets	3 397 000	2 969 000	6 972 000	6 762 000
Total Equity	2 705 000	2 602 000	2 546 000	5 691 000
Short-Term Group Debt	193 000	0	0	0
Total Long-Term Debt	117 000	129 000	141 000	154 000
Creditors	42 000	5 000	17 000	2 000
Unpaid Taxes	50 000	35 000	189 000	186 000
Dividends	0	0	3 700 000	470 000
Other Current Debt	248 000	169 000	185 000	74 000
Total Current Debt	575 000	238 000	4 284 000	916 000
Total Equity and Debt	3 397 000	2 969 000	6 972 000	6 762 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,39 %	2,11 %	21,8 %	10,54 %
Debt-to-Equity Ratio	0,04	0,05	0,06	0,03
Operating Profit Margin	31,12 %	7,91 %	38,18 %	42,53 %
Current Ratio	2,23	3,18	1,16	5,09
Quick Ratio	2,23	3,18	1,16	5,09
Equity Ratio	0,8	0,88	0,37	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %