GARTHE HAGESENTER AS

4950 RISØR

Finances

Return on Equity

−50,05 %

Current Ratio

1,11

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 804 000	10 422 000	9 172 000	7 907 000
Net Income	−481 000	57 000	293 000	98 000
Total Assets	6 068 000	4 491 000	3 401 000	3 463 000
Total Equity	961 000	948 000	891 000	598 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 804 000	10 422 000	9 172 000	7 907 000
Expenditure	9 192 000	10 304 000	8 680 000	7 668 000
Operating Profit	−388 000	117 000	494 000	239 000
Financial Income	13 000	65 000	59 000	20 000
Financial Costs	243 000	109 000	176 000	133 000
Financial Balance	−230 000	−44 000	−117 000	−113 000
Earnings Before Tax	−617 000	73 000	376 000	126 000
Tax	−136 000	16 000	83 000	28 000
Net Income	−481 000	57 000	293 000	98 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	584 000	673 000	485 000	445 000
Total Current Assets	5 484 000	3 818 000	2 916 000	3 018 000
Total Assets	6 068 000	4 491 000	3 401 000	3 463 000
Total Retained Equity	661 000	648 000	591 000	298 000
Total Equity	961 000	948 000	891 000	598 000
Total Long-Term Debt	185 000	377 000	602 000	719 000
Total Current Debt	4 922 000	3 165 000	1 907 000	2 145 000
Total Equity and Debt	6 068 000	4 491 000	3 401 000	3 463 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 804 000	10 307 000	9 172 000	7 897 000
Other Income	0	115 000	0	10 000
Revenue	8 804 000	10 422 000	9 172 000	7 907 000
Cost of Goods Sold	4 825 000	5 460 000	4 668 000	4 174 000
Salary Costs	2 283 000	2 571 000	1 864 000	1 931 000
Depreciation	140 000	117 000	100 000	54 000
Impairment	0	0	0	0
Expenditure	9 192 000	10 304 000	8 680 000	7 668 000
Operating Profit	−388 000	117 000	494 000	239 000
Financial Income	13 000	65 000	59 000	20 000
Financial Costs	243 000	109 000	176 000	133 000
Financial Balance	−230 000	−44 000	−117 000	−113 000
Dividends	0	0	0	0
Net Income	−481 000	57 000	293 000	98 000

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	0	0	35 000	51 000
Fixtures	584 000	673 000	450 000	394 000
Total Tangible Assets	584 000	673 000	485 000	445 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	584 000	673 000	485 000	445 000
Stock	4 471 000	2 611 000	1 989 000	2 446 000
Total Investments	0	0	0	0
Cash, Bank	146 000	408 000	311 000	118 000
Total Current Assets	5 484 000	3 818 000	2 916 000	3 018 000
Total Assets	6 068 000	4 491 000	3 401 000	3 463 000
Total Equity	961 000	948 000	891 000	598 000
Short-Term Group Debt	3 393 000	1 811 000	541 000	77 000
Total Long-Term Debt	185 000	377 000	602 000	719 000
Creditors	958 000	854 000	885 000	626 000
Unpaid Taxes	77 000	89 000	65 000	81 000
Dividends	0	0	0	0
Other Current Debt	494 000	411 000	338 000	264 000
Total Current Debt	4 922 000	3 165 000	1 907 000	2 145 000
Total Equity and Debt	6 068 000	4 491 000	3 401 000	3 463 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−50,05 %	6,01 %	32,88 %	16,39 %
Debt-to-Equity Ratio	0,19	0,4	0,68	1,2
Operating Profit Margin	−4,41 %	1,12 %	5,39 %	3,02 %
Current Ratio	1,11	1,21	1,53	1,41
Quick Ratio	12,16	6,89	−35,56	−10,03
Equity Ratio	0,16	0,21	0,26	0,17
Gross Profit Margin	45,2 %	47,61 %	49,11 %	47,21 %