GROV1 HOLDING AS

6440 ELNESVÅGEN

Finances

Return on Equity

−300 %

Current Ratio

0,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	88 000	147 000	213 000	0
Net Income	−330 000	92 000	172 000	−37 000
Total Assets	288 000	1 332 000	656 000	688 000
Total Equity	110 000	440 000	348 000	176 000

Income (NOK)	2022	2021	2020	2019
Revenue	88 000	147 000	213 000	0
Expenditure	33 000	31 000	13 000	25 000
Operating Profit	55 000	115 000	199 000	−25 000
Financial Income	4 000	5 000	19 000	6 000
Financial Costs	376 000	0	9 000	18 000
Financial Balance	−372 000	5 000	10 000	−12 000
Earnings Before Tax	−316 000	120 000	210 000	−37 000
Tax	14 000	27 000	38 000	0
Net Income	−330 000	92 000	172 000	−37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	163 000	1 253 000	524 000	664 000
Total Current Assets	125 000	79 000	132 000	24 000
Total Assets	288 000	1 332 000	656 000	688 000
Total Retained Equity	80 000	410 000	318 000	146 000
Total Equity	110 000	440 000	348 000	176 000
Total Long-Term Debt	0	0	0	150 000
Total Current Debt	178 000	892 000	308 000	362 000
Total Equity and Debt	288 000	1 332 000	656 000	688 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	88 000	147 000	213 000	0
Revenue	88 000	147 000	213 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	11 000	10 000	0	0
Impairment	0	0	0	0
Expenditure	33 000	31 000	13 000	25 000
Operating Profit	55 000	115 000	199 000	−25 000
Financial Income	4 000	5 000	19 000	6 000
Financial Costs	376 000	0	9 000	18 000
Financial Balance	−372 000	5 000	10 000	−12 000
Dividends	0	0	0	0
Net Income	−330 000	92 000	172 000	−37 000

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	13 000	24 000	0	0
Total Tangible Assets	13 000	24 000	0	0
Total Fiancial Fixed Assets	150 000	1 229 000	524 000	664 000
Total Fixed Assets	163 000	1 253 000	524 000	664 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 000	13 000	91 000	21 000
Total Current Assets	125 000	79 000	132 000	24 000
Total Assets	288 000	1 332 000	656 000	688 000
Total Equity	110 000	440 000	348 000	176 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	150 000
Creditors	0	2 000	0	0
Unpaid Taxes	22 000	27 000	53 000	0
Dividends	0	0	0	0
Other Current Debt	142 000	835 000	217 000	362 000
Total Current Debt	178 000	892 000	308 000	362 000
Total Equity and Debt	288 000	1 332 000	656 000	688 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−300 %	20,91 %	49,43 %	−21,02 %
Debt-to-Equity Ratio	0	0	0	0,85
Operating Profit Margin	62,5 %	78,23 %	93,43 %	-
Current Ratio	0,7	0,09	0,43	0,07
Quick Ratio	0,7	0,09	0,43	0,07
Equity Ratio	0,38	0,33	0,53	0,26
Gross Profit Margin	100 %	100 %	100 %	-