PORSGRUNN GOLFSIM AS

3850 KVITESEID

Finances

Share Ownership

Return on Equity

39,17 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	431 000	438 000	374 000	331 000
Net Income	94 000	95 000	151 000	−74 000
Total Assets	398 000	275 000	161 000	26 000
Total Equity	240 000	186 000	91 000	−59 000

Income (NOK)	2022	2021	2020	2019
Revenue	431 000	438 000	374 000	331 000
Expenditure	305 000	316 000	213 000	392 000
Operating Profit	125 000	122 000	161 000	−60 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Earnings Before Tax	125 000	122 000	161 000	−62 000
Tax	32 000	28 000	10 000	11 000
Net Income	94 000	95 000	151 000	−74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	182 000	239 000	0	0
Total Current Assets	216 000	36 000	161 000	26 000
Total Assets	398 000	275 000	161 000	26 000
Total Retained Equity	225 000	172 000	77 000	−73 000
Total Equity	240 000	186 000	91 000	−59 000
Total Long-Term Debt	9 000	8 000	0	41 000
Total Current Debt	149 000	80 000	70 000	44 000
Total Equity and Debt	398 000	275 000	161 000	26 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	431 000	438 000	374 000	331 000
Other Income	0	0	0	0
Revenue	431 000	438 000	374 000	331 000
Cost of Goods Sold	31 000	80 000	66 000	25 000
Salary Costs	0	0	0	0
Depreciation	57 000	48 000	0	0
Impairment	0	0	0	0
Expenditure	305 000	316 000	213 000	392 000
Operating Profit	125 000	122 000	161 000	−60 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Dividends	40 000	0	0	0
Net Income	94 000	95 000	151 000	−74 000

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	182 000	239 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	182 000	239 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	182 000	239 000	0	0
Stock	1 000	1 000	1 000	0
Total Investments	0	0	0	0
Cash, Bank	213 000	35 000	160 000	26 000
Total Current Assets	216 000	36 000	161 000	26 000
Total Assets	398 000	275 000	161 000	26 000
Total Equity	240 000	186 000	91 000	−59 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 000	8 000	0	41 000
Creditors	1 000	1 000	1 000	13 000
Unpaid Taxes	77 000	58 000	58 000	31 000
Dividends	40 000	0	0	0
Other Current Debt	0	2 000	0	0
Total Current Debt	149 000	80 000	70 000	44 000
Total Equity and Debt	398 000	275 000	161 000	26 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,17 %	51,08 %	165,93 %	125,42 %
Debt-to-Equity Ratio	0,04	0,04	0	−0,69
Operating Profit Margin	29 %	27,85 %	43,05 %	−18,13 %
Current Ratio	1,45	0,45	2,3	0,59
Quick Ratio	1,46	0,46	2,33	0,59
Equity Ratio	0,6	0,68	0,57	−2,27
Gross Profit Margin	92,81 %	81,74 %	82,35 %	92,45 %