GALANT FORSIKRING AS

0661 OSLO

Finances

Share Ownership

Return on Equity

89,86 %

Current Ratio

0,55

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 295 000	9 965 000	11 952 000	4 515 000
Net Income	−567 000	53 000	288 000	19 000
Total Assets	1 575 000	1 709 000	2 534 000	1 235 000
Total Equity	−631 000	−64 000	183 000	−15 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 295 000	9 965 000	11 952 000	4 515 000
Expenditure	11 019 000	9 938 000	11 596 000	4 496 000
Operating Profit	−725 000	27 000	356 000	18 000
Financial Income	30 000	43 000	0	0
Financial Costs	53 000	0	0	0
Financial Balance	−23 000	43 000	0	0
Earnings Before Tax	−748 000	70 000	356 000	19 000
Tax	−181 000	17 000	69 000	0
Net Income	−567 000	53 000	288 000	19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	354 000	24 000	21 000	32 000
Total Current Assets	1 221 000	1 685 000	2 513 000	1 203 000
Total Assets	1 575 000	1 709 000	2 534 000	1 235 000
Total Retained Equity	−661 000	−94 000	153 000	−45 000
Total Equity	−631 000	−64 000	183 000	−15 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	2 210 000	1 773 000	2 350 000	1 250 000
Total Equity and Debt	1 580 000	1 709 000	2 534 000	1 235 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 271 000	9 965 000	11 952 000	4 515 000
Other Income	24 000	0	0	0
Revenue	10 295 000	9 965 000	11 952 000	4 515 000
Cost of Goods Sold	0	1 072 000	792 000	0
Salary Costs	9 119 000	7 990 000	9 731 000	3 958 000
Depreciation	23 000	15 000	11 000	8 000
Impairment	0	0	0	0
Expenditure	11 019 000	9 938 000	11 596 000	4 496 000
Operating Profit	−725 000	27 000	356 000	18 000
Financial Income	30 000	43 000	0	0
Financial Costs	53 000	0	0	0
Financial Balance	−23 000	43 000	0	0
Dividends	0	300 000	90 000	0
Net Income	−567 000	53 000	288 000	19 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	181 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	173 000	24 000	21 000	32 000
Total Tangible Assets	173 000	24 000	21 000	32 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	354 000	24 000	21 000	32 000
Stock	0	0	0	0
Total Investments	0	293 000	0	0
Cash, Bank	780 000	749 000	1 809 000	641 000
Total Current Assets	1 221 000	1 685 000	2 513 000	1 203 000
Total Assets	1 575 000	1 709 000	2 534 000	1 235 000
Total Equity	−631 000	−64 000	183 000	−15 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	67 000	104 000	58 000	8 000
Unpaid Taxes	894 000	630 000	843 000	535 000
Dividends	0	300 000	90 000	0
Other Current Debt	1 249 000	1 030 000	1 382 000	707 000
Total Current Debt	2 210 000	1 773 000	2 350 000	1 250 000
Total Equity and Debt	1 580 000	1 709 000	2 534 000	1 235 000

Financial indicators	2022	2021	2020	2019
Return on Equity	89,86 %	−82,81 %	157,38 %	−126,67 %
Debt-to-Equity Ratio	−0	−0	0,01	−0
Operating Profit Margin	−7,04 %	0,27 %	2,98 %	0,4 %
Current Ratio	0,55	0,95	1,07	0,96
Quick Ratio	0,55	0,95	1,07	0,96
Equity Ratio	−0,4	−0,04	0,07	−0,01
Gross Profit Margin	100 %	89,24 %	93,37 %	100 %