PALACE PROPERTY BERGEN AS

5056 BERGEN

Finances

Share Ownership

Return on Equity

5,28 %

Current Ratio

0,17

Debt-to-Equity Ratio

2,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 142 000	1 179 000	1 072 000	1 318 000
Net Income	116 000	82 000	182 000	428 000
Total Assets	8 859 000	8 238 000	12 760 000	12 489 000
Total Equity	2 198 000	2 082 000	2 000 000	1 818 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 142 000	1 179 000	1 072 000	1 318 000
Expenditure	707 000	720 000	366 000	332 000
Operating Profit	436 000	460 000	707 000	986 000
Financial Income	5 000	4 000	21 000	0
Financial Costs	292 000	359 000	494 000	437 000
Financial Balance	−287 000	−355 000	−473 000	−437 000
Earnings Before Tax	149 000	105 000	233 000	549 000
Tax	33 000	23 000	51 000	121 000
Net Income	116 000	82 000	182 000	428 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 693 000	7 200 000	12 330 000	12 351 000
Total Current Assets	166 000	1 038 000	430 000	138 000
Total Assets	8 859 000	8 238 000	12 760 000	12 489 000
Total Retained Equity	2 098 000	1 982 000	1 900 000	1 718 000
Total Equity	2 198 000	2 082 000	2 000 000	1 818 000
Total Long-Term Debt	5 692 000	5 675 000	10 446 000	10 385 000
Total Current Debt	969 000	481 000	314 000	286 000
Total Equity and Debt	8 859 000	8 238 000	12 760 000	12 489 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	57 000	48 000	26 000
Other Income	1 142 000	1 123 000	1 024 000	1 293 000
Revenue	1 142 000	1 179 000	1 072 000	1 318 000
Cost of Goods Sold	411 000	187 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	10 000	17 000
Impairment	0	0	0	0
Expenditure	707 000	720 000	366 000	332 000
Operating Profit	436 000	460 000	707 000	986 000
Financial Income	5 000	4 000	21 000	0
Financial Costs	292 000	359 000	494 000	437 000
Financial Balance	−287 000	−355 000	−473 000	−437 000
Dividends	0	0	0	0
Net Income	116 000	82 000	182 000	428 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	3 000	2 000
Real Eastate	6 465 000	6 465 000	11 769 000	11 757 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	10 000
Total Tangible Assets	6 465 000	6 465 000	11 769 000	11 767 000
Total Fiancial Fixed Assets	2 228 000	735 000	557 000	582 000
Total Fixed Assets	8 693 000	7 200 000	12 330 000	12 351 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	30 000	850 000	328 000	32 000
Total Current Assets	166 000	1 038 000	430 000	138 000
Total Assets	8 859 000	8 238 000	12 760 000	12 489 000
Total Equity	2 198 000	2 082 000	2 000 000	1 818 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 692 000	5 675 000	10 446 000	10 385 000
Creditors	157 000	453 000	243 000	146 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	451 000	28 000	19 000	17 000
Total Current Debt	969 000	481 000	314 000	286 000
Total Equity and Debt	8 859 000	8 238 000	12 760 000	12 489 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,28 %	3,94 %	9,1 %	23,54 %
Debt-to-Equity Ratio	2,59	2,73	5,22	5,71
Operating Profit Margin	38,18 %	39,02 %	65,95 %	74,81 %
Current Ratio	0,17	2,16	1,37	0,48
Quick Ratio	0,17	2,16	1,37	0,48
Equity Ratio	0,25	0,25	0,16	0,15
Gross Profit Margin	64,01 %	84,14 %	100 %	100 %