GARNES GRUPPEN AS

0277 OSLO

Finances

Return on Equity

25,32 %

Current Ratio

Debt-to-Equity Ratio

1,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 003 000	4 306 000	4 660 000	4 614 000
Net Income	494 000	−1 317 000	443 000	735 000
Total Assets	7 327 000	9 608 000	11 844 000	13 965 000
Total Equity	1 951 000	2 001 000	4 518 000	4 725 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 003 000	4 306 000	4 660 000	4 614 000
Expenditure	4 174 000	5 243 000	4 410 000	5 559 000
Operating Profit	−171 000	−937 000	250 000	−944 000
Financial Income	898 000	248 000	1 538 000	1 830 000
Financial Costs	233 000	628 000	1 345 000	152 000
Financial Balance	665 000	−380 000	193 000	1 678 000
Earnings Before Tax	494 000	−1 317 000	443 000	735 000
Tax	0	0	0	0
Net Income	494 000	−1 317 000	443 000	735 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 810 000	8 340 000	10 156 000	12 724 000
Total Current Assets	1 517 000	1 269 000	1 688 000	1 241 000
Total Assets	7 327 000	9 608 000	11 844 000	13 965 000
Total Retained Equity	−67 000	−2 491 000	26 000	233 000
Total Equity	1 951 000	2 001 000	4 518 000	4 725 000
Total Long-Term Debt	3 856 000	5 667 000	6 135 000	6 982 000
Total Current Debt	1 521 000	1 940 000	1 192 000	2 258 000
Total Equity and Debt	7 327 000	9 608 000	11 844 000	13 965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 003 000	4 306 000	3 032 000	3 032 000
Other Income	0	0	1 627 000	1 582 000
Revenue	4 003 000	4 306 000	4 660 000	4 614 000
Cost of Goods Sold	1 565 000	1 705 000	0	137 000
Salary Costs	1 363 000	1 413 000	1 296 000	1 714 000
Depreciation	19 000	15 000	15 000	20 000
Impairment	0	0	0	0
Expenditure	4 174 000	5 243 000	4 410 000	5 559 000
Operating Profit	−171 000	−937 000	250 000	−944 000
Financial Income	898 000	248 000	1 538 000	1 830 000
Financial Costs	233 000	628 000	1 345 000	152 000
Financial Balance	665 000	−380 000	193 000	1 678 000
Dividends	545 000	1 200 000	650 000	0
Net Income	494 000	−1 317 000	443 000	735 000

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	0	0
Fixtures	35 000	29 000	44 000	59 000
Total Tangible Assets	35 000	29 000	44 000	59 000
Total Fiancial Fixed Assets	5 776 000	8 311 000	10 113 000	12 665 000
Total Fixed Assets	5 810 000	8 340 000	10 156 000	12 724 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	944 000	739 000	619 000	175 000
Total Current Assets	1 517 000	1 269 000	1 688 000	1 241 000
Total Assets	7 327 000	9 608 000	11 844 000	13 965 000
Total Equity	1 951 000	2 001 000	4 518 000	4 725 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 856 000	5 667 000	6 135 000	6 982 000
Creditors	595 000	624 000	544 000	834 000
Unpaid Taxes	141 000	155 000	72 000	34 000
Dividends	545 000	1 200 000	650 000	0
Other Current Debt	718 000	586 000	575 000	1 390 000
Total Current Debt	1 521 000	1 940 000	1 192 000	2 258 000
Total Equity and Debt	7 327 000	9 608 000	11 844 000	13 965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,32 %	−65,82 %	9,81 %	15,56 %
Debt-to-Equity Ratio	1,98	2,83	1,36	1,48
Operating Profit Margin	−4,27 %	−21,76 %	5,36 %	−20,46 %
Current Ratio	1	0,65	1,42	0,55
Quick Ratio	1	0,65	1,42	0,55
Equity Ratio	0,27	0,21	0,38	0,34
Gross Profit Margin	60,9 %	60,4 %	100 %	97,03 %