PALAZZO NORWAY AS

4879 GRIMSTAD

Finances

Share Ownership

Return on Equity

14,29 %

Current Ratio

0,62

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	437 000	609 000	352 000	1 492 000
Net Income	9 000	34 000	16 000	31 000
Total Assets	−100 000	−103 000	−111 000	−110 000
Total Equity	63 000	54 000	20 000	4 000

Income (NOK)	2021	2020	2019	2018
Revenue	437 000	609 000	352 000	1 492 000
Expenditure	405 000	490 000	335 000	1 451 000
Operating Profit	32 000	119 000	16 000	40 000
Financial Income	0	0	0	0
Financial Costs	11 000	75 000	0	0
Financial Balance	−11 000	−75 000	0	0
Earnings Before Tax	21 000	44 000	16 000	40 000
Tax	12 000	10 000	0	9 000
Net Income	9 000	34 000	16 000	31 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	−101 000	−104 000	−111 000	−110 000
Total Assets	−100 000	−103 000	−111 000	−110 000
Total Retained Equity	39 000	30 000	−4 000	−20 000
Total Equity	63 000	54 000	20 000	4 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	−163 000	−157 000	−131 000	−114 000
Total Equity and Debt	−100 000	−103 000	−111 000	−110 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	437 000	609 000	352 000	1 492 000
Other Income	0	0	0	0
Revenue	437 000	609 000	352 000	1 492 000
Cost of Goods Sold	15 000	6 000	2 000	76 000
Salary Costs	22 000	8 000	2 000	8 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	405 000	490 000	335 000	1 451 000
Operating Profit	32 000	119 000	16 000	40 000
Financial Income	0	0	0	0
Financial Costs	11 000	75 000	0	0
Financial Balance	−11 000	−75 000	0	0
Dividends	0	0	0	0
Net Income	9 000	34 000	16 000	31 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	−101 000	−104 000	−111 000	−110 000
Total Current Assets	−101 000	−104 000	−111 000	−110 000
Total Assets	−100 000	−103 000	−111 000	−110 000
Total Equity	63 000	54 000	20 000	4 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	11 000	5 000	5 000	5 000
Unpaid Taxes	−205 000	−182 000	−146 000	−128 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	−163 000	−157 000	−131 000	−114 000
Total Equity and Debt	−100 000	−103 000	−111 000	−110 000

Financial indicators	2021	2020	2019	2018
Return on Equity	14,29 %	62,96 %	80 %	775 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,32 %	19,54 %	4,55 %	2,68 %
Current Ratio	0,62	0,66	0,85	0,96
Quick Ratio	0,62	0,66	0,85	0,96
Equity Ratio	−0,63	−0,52	−0,18	−0,04
Gross Profit Margin	96,57 %	99,01 %	99,43 %	94,91 %