GRENKE BANK AG BRANCH NORWAY

1364 FORNEBU

Finances

Share Ownership

Return on Equity

−1,95 %

Current Ratio

52,11

Debt-to-Equity Ratio

5,01

Key figures (EUR)	2022	2021	2020	2019
Revenue	46 273 000	18 036 000	9 848 000	7 352 000
Net Income	−5 450 000	8 489 000	4 280 000	1 107 000
Total Assets	1 716 102 000	189 117 000	184 050 000	156 832 000
Total Equity	280 000 000	47 892 000	39 512 000	26 724 000

Income (EUR)	2022	2021	2020	2019
Revenue	46 273 000	18 036 000	9 848 000	7 352 000
Expenditure	51 571 000	9 546 000	5 568 000	6 243 000
Operating Profit	−5 298 000	8 489 000	4 280 000	1 109 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−5 298 000	8 489 000	4 280 000	1 109 000
Tax	133 000	0	0	2 000
Net Income	−5 450 000	8 489 000	4 280 000	1 107 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	50 131 000	189 117 000	568 000	2 868 000
Total Current Assets	1 665 971 000	0	183 483 000	303 982 000
Total Assets	1 716 102 000	189 117 000	184 050 000	156 832 000
Total Retained Equity	0	7 945 000	4 280 000	1 107 000
Total Equity	280 000 000	47 892 000	39 512 000	26 724 000
Total Long-Term Debt	1 404 134 000	141 225 000	23 183 000	17 449 000
Total Current Debt	31 968 000	0	0	112 658 000
Total Equity and Debt	1 716 102 000	189 117 000	184 050 000	0

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	43 780 000	18 036 000	0	0
Other Income	2 493 000	0	0	0
Revenue	46 273 000	18 036 000	9 848 000	7 352 000
Cost of Goods Sold	0	21 000	0	0
Salary Costs	22 407 000	1 965 000	2 101 000	2 004 000
Depreciation	17 429 000	484 000	80 000	84 000
Impairment	0	394 000	0	0
Expenditure	51 571 000	9 546 000	5 568 000	6 243 000
Operating Profit	−5 298 000	8 489 000	4 280 000	1 109 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−5 450 000	8 489 000	4 280 000	1 107 000

Balance details (EUR)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	135 000	188 885 000	95 000	374 000
Real Eastate	310 000	0	0	0
Machinery and Plant Facilities	0	232 000	0	0
Fixtures	10 054 000	0	0	314 000
Total Tangible Assets	10 364 000	232 000	301 000	314 000
Total Fiancial Fixed Assets	39 632 000	0	172 000	2 180 000
Total Fixed Assets	50 131 000	189 117 000	568 000	2 868 000
Stock	0	0	0	0
Total Investments	19 260 000	0	0	0
Cash, Bank	246 614 000	0	0	0
Total Current Assets	1 665 971 000	0	183 483 000	303 982 000
Total Assets	1 716 102 000	189 117 000	184 050 000	156 832 000
Total Equity	280 000 000	47 892 000	39 512 000	26 724 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 404 134 000	141 225 000	23 183 000	17 449 000
Creditors	0	0	0	0
Unpaid Taxes	129 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	31 839 000	0	121 355 000	112 658 000
Total Current Debt	31 968 000	0	0	112 658 000
Total Equity and Debt	1 716 102 000	189 117 000	184 050 000	0

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,95 %	17,73 %	10,83 %	4,14 %
Debt-to-Equity Ratio	5,01	2,95	0,59	0,65
Operating Profit Margin	−11,45 %	47,07 %	43,46 %	15,08 %
Current Ratio	52,11	-	-	2,7
Quick Ratio	52,11	-	-	2,7
Equity Ratio	0,16	0,25	0,21	0,17
Gross Profit Margin	100 %	99,88 %	100 %	100 %