GARMO GRUSTAK AS

7100 RISSA

Finances

Share Ownership

Return on Equity

48,18 %

Current Ratio

5,21

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	882 000	378 000	231 000	121 000
Net Income	291 000	80 000	15 000	−21 000
Total Assets	779 000	535 000	403 000	391 000
Total Equity	604 000	313 000	234 000	218 000

Income (NOK)	2022	2021	2020	2019
Revenue	882 000	378 000	231 000	121 000
Expenditure	505 000	269 000	203 000	138 000
Operating Profit	377 000	108 000	27 000	−17 000
Financial Income	1 000	0	0	0
Financial Costs	5 000	6 000	8 000	10 000
Financial Balance	−4 000	−6 000	−8 000	−10 000
Earnings Before Tax	373 000	102 000	19 000	−27 000
Tax	82 000	23 000	4 000	−5 000
Net Income	291 000	80 000	15 000	−21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	258 000	84 000	113 000	249 000
Total Current Assets	521 000	451 000	290 000	142 000
Total Assets	779 000	535 000	403 000	391 000
Total Retained Equity	574 000	283 000	204 000	188 000
Total Equity	604 000	313 000	234 000	218 000
Total Long-Term Debt	75 000	110 000	144 000	168 000
Total Current Debt	100 000	112 000	26 000	5 000
Total Equity and Debt	779 000	535 000	403 000	391 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	882 000	378 000	227 000	121 000
Other Income	0	0	4 000	0
Revenue	882 000	378 000	231 000	121 000
Cost of Goods Sold	29 000	12 000	8 000	0
Salary Costs	0	0	0	0
Depreciation	75 000	29 000	29 000	33 000
Impairment	0	0	0	0
Expenditure	505 000	269 000	203 000	138 000
Operating Profit	377 000	108 000	27 000	−17 000
Financial Income	1 000	0	0	0
Financial Costs	5 000	6 000	8 000	10 000
Financial Balance	−4 000	−6 000	−8 000	−10 000
Dividends	0	0	0	0
Net Income	291 000	80 000	15 000	−21 000

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	258 000	84 000	113 000	249 000
Fixtures	0	0	0	0
Total Tangible Assets	258 000	84 000	113 000	249 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	258 000	84 000	113 000	249 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	484 000	404 000	267 000	111 000
Total Current Assets	521 000	451 000	290 000	142 000
Total Assets	779 000	535 000	403 000	391 000
Total Equity	604 000	313 000	234 000	218 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	75 000	110 000	144 000	168 000
Creditors	13 000	12 000	23 000	2 000
Unpaid Taxes	0	66 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	6 000	2 000	3 000
Total Current Debt	100 000	112 000	26 000	5 000
Total Equity and Debt	779 000	535 000	403 000	391 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,18 %	25,56 %	6,41 %	−9,63 %
Debt-to-Equity Ratio	0,12	0,35	0,62	0,77
Operating Profit Margin	42,74 %	28,57 %	11,69 %	−14,05 %
Current Ratio	5,21	4,03	11,15	28,4
Quick Ratio	5,21	4,03	11,15	28,4
Equity Ratio	0,78	0,59	0,58	0,56
Gross Profit Margin	96,71 %	96,83 %	96,54 %	100 %