GROVIKA AS

4331 ÅLGÅRD

Finances

Share Ownership

Return on Equity

10,04 %

Current Ratio

1,22

Debt-to-Equity Ratio

2,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 423 000	1 207 000	1 231 000	1 472 000
Net Income	258 000	177 000	227 000	196 000
Total Assets	10 709 000	10 666 000	10 849 000	11 411 000
Total Equity	2 571 000	2 314 000	2 137 000	1 910 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 423 000	1 207 000	1 231 000	1 472 000
Expenditure	755 000	709 000	640 000	887 000
Operating Profit	668 000	498 000	592 000	585 000
Financial Income	5 000	6 000	5 000	7 000
Financial Costs	344 000	279 000	308 000	342 000
Financial Balance	−339 000	−273 000	−303 000	−335 000
Earnings Before Tax	329 000	225 000	289 000	249 000
Tax	71 000	48 000	63 000	53 000
Net Income	258 000	177 000	227 000	196 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 042 000	10 365 000	10 726 000	10 913 000
Total Current Assets	667 000	300 000	123 000	499 000
Total Assets	10 709 000	10 666 000	10 849 000	11 411 000
Total Retained Equity	1 071 000	814 000	637 000	410 000
Total Equity	2 571 000	2 314 000	2 137 000	1 910 000
Total Long-Term Debt	7 591 000	6 806 000	7 266 000	7 692 000
Total Current Debt	546 000	1 546 000	1 446 000	1 810 000
Total Equity and Debt	10 709 000	10 666 000	10 849 000	11 411 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	342 000	257 000	231 000	472 000
Other Income	1 082 000	950 000	1 000 000	1 000 000
Revenue	1 423 000	1 207 000	1 231 000	1 472 000
Cost of Goods Sold	0	0	0	202 000
Salary Costs	0	0	0	0
Depreciation	323 000	325 000	319 000	297 000
Impairment	0	0	0	0
Expenditure	755 000	709 000	640 000	887 000
Operating Profit	668 000	498 000	592 000	585 000
Financial Income	5 000	6 000	5 000	7 000
Financial Costs	344 000	279 000	308 000	342 000
Financial Balance	−339 000	−273 000	−303 000	−335 000
Dividends	0	0	0	0
Net Income	258 000	177 000	227 000	196 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	9 993 000	10 296 000	10 598 000	10 901 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	49 000	70 000	128 000	12 000
Total Tangible Assets	10 042 000	10 365 000	10 726 000	10 913 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 042 000	10 365 000	10 726 000	10 913 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	75 000	99 000	42 000	360 000
Total Current Assets	667 000	300 000	123 000	499 000
Total Assets	10 709 000	10 666 000	10 849 000	11 411 000
Total Equity	2 571 000	2 314 000	2 137 000	1 910 000
Short-Term Group Debt	0	1 175 000	1 010 000	1 357 000
Total Long-Term Debt	7 591 000	6 806 000	7 266 000	7 692 000
Creditors	94 000	77 000	42 000	102 000
Unpaid Taxes	90 000	19 000	41 000	59 000
Dividends	0	0	0	0
Other Current Debt	288 000	226 000	299 000	251 000
Total Current Debt	546 000	1 546 000	1 446 000	1 810 000
Total Equity and Debt	10 709 000	10 666 000	10 849 000	11 411 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,04 %	7,65 %	10,62 %	10,26 %
Debt-to-Equity Ratio	2,95	2,94	3,4	4,03
Operating Profit Margin	46,94 %	41,26 %	48,09 %	39,74 %
Current Ratio	1,22	0,19	0,09	0,28
Quick Ratio	1,22	0,19	0,09	0,28
Equity Ratio	0,24	0,22	0,2	0,17
Gross Profit Margin	100 %	100 %	100 %	86,28 %