GRO HYDROPONICS AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

80,21 %

Current Ratio

0,11

Debt-to-Equity Ratio

−0,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 000	539 000	647 000	430 000
Net Income	−843 000	−1 001 000	−914 000	−1 121 000
Total Assets	516 000	900 000	1 693 000	2 121 000
Total Equity	−1 051 000	−418 000	583 000	415 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 000	539 000	647 000	430 000
Expenditure	825 000	1 490 000	1 430 000	1 503 000
Operating Profit	−780 000	−950 000	−783 000	−1 073 000
Financial Income	4 000	8 000	2 000	0
Financial Costs	67 000	58 000	133 000	48 000
Financial Balance	−63 000	−50 000	−131 000	−48 000
Earnings Before Tax	−843 000	−1 001 000	−914 000	−1 121 000
Tax	0	0	0	0
Net Income	−843 000	−1 001 000	−914 000	−1 121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	456 000	768 000	1 215 000	1 251 000
Total Current Assets	60 000	131 000	478 000	871 000
Total Assets	516 000	900 000	1 693 000	2 121 000
Total Retained Equity	−4 673 000	−3 830 000	−2 829 000	−1 915 000
Total Equity	−1 051 000	−418 000	583 000	415 000
Total Long-Term Debt	1 024 000	1 033 000	1 027 000	1 027 000
Total Current Debt	544 000	285 000	83 000	679 000
Total Equity and Debt	516 000	900 000	1 693 000	2 121 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 000	541 000	347 000	428 000
Other Income	8 000	−1 000	300 000	2 000
Revenue	46 000	539 000	647 000	430 000
Cost of Goods Sold	5 000	68 000	128 000	155 000
Salary Costs	38 000	128 000	199 000	168 000
Depreciation	299 000	283 000	252 000	86 000
Impairment	0	0	0	0
Expenditure	825 000	1 490 000	1 430 000	1 503 000
Operating Profit	−780 000	−950 000	−783 000	−1 073 000
Financial Income	4 000	8 000	2 000	0
Financial Costs	67 000	58 000	133 000	48 000
Financial Balance	−63 000	−50 000	−131 000	−48 000
Dividends	0	0	0	0
Net Income	−843 000	−1 001 000	−914 000	−1 121 000

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	456 000	755 000	897 000	924 000
Total Tangible Assets	456 000	755 000	897 000	924 000
Total Fiancial Fixed Assets	0	13 000	318 000	327 000
Total Fixed Assets	456 000	768 000	1 215 000	1 251 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	38 000	37 000	140 000	355 000
Total Current Assets	60 000	131 000	478 000	871 000
Total Assets	516 000	900 000	1 693 000	2 121 000
Total Equity	−1 051 000	−418 000	583 000	415 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 024 000	1 033 000	1 027 000	1 027 000
Creditors	469 000	180 000	256 000	602 000
Unpaid Taxes	9 000	9 000	8 000	29 000
Dividends	0	0	0	0
Other Current Debt	66 000	96 000	40 000	48 000
Total Current Debt	544 000	285 000	83 000	679 000
Total Equity and Debt	516 000	900 000	1 693 000	2 121 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,21 %	239,47 %	−156,78 %	−270,12 %
Debt-to-Equity Ratio	−0,97	−2,47	1,76	2,47
Operating Profit Margin	−1 695,65 %	−176,25 %	−121,02 %	−249,53 %
Current Ratio	0,11	0,46	5,76	1,28
Quick Ratio	0,11	0,46	5,76	1,28
Equity Ratio	−2,04	−0,46	0,34	0,2
Gross Profit Margin	89,13 %	87,38 %	80,22 %	63,95 %