GROGRO AS

3420 LIERSKOGEN

Finances

Return on Equity

−61,58 %

Current Ratio

0,53

Debt-to-Equity Ratio

3,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 203 000	1 901 000	559 000	500 000
Net Income	−508 000	−3 759 000	−2 049 000	−1 272 000
Total Assets	10 032 000	4 139 000	1 943 000	2 669 000
Total Equity	825 000	1 333 000	559 000	2 357 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 203 000	1 901 000	559 000	500 000
Expenditure	6 651 000	5 645 000	2 596 000	1 744 000
Operating Profit	−448 000	−3 744 000	−2 036 000	−1 245 000
Financial Income	53 000	25 000	13 000	1 000
Financial Costs	114 000	46 000	25 000	28 000
Financial Balance	−61 000	−21 000	−12 000	−27 000
Earnings Before Tax	−508 000	−3 765 000	−2 049 000	−1 272 000
Tax	0	−5 000	0	0
Net Income	−508 000	−3 759 000	−2 049 000	−1 272 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 660 000	1 284 000	543 000	376 000
Total Current Assets	3 372 000	2 856 000	1 400 000	2 293 000
Total Assets	10 032 000	4 139 000	1 943 000	2 669 000
Total Retained Equity	−5 521 000	−5 012 000	−1 253 000	−1 253 000
Total Equity	825 000	1 333 000	559 000	2 357 000
Total Long-Term Debt	2 889 000	2 395 000	995 000	0
Total Current Debt	6 318 000	411 000	389 000	312 000
Total Equity and Debt	10 032 000	4 139 000	1 943 000	2 669 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 203 000	1 899 000	140 000	0
Other Income	0	1 000	419 000	500 000
Revenue	6 203 000	1 901 000	559 000	500 000
Cost of Goods Sold	4 893 000	2 145 000	1 114 000	603 000
Salary Costs	93 000	1 261 000	470 000	419 000
Depreciation	1 046 000	93 000	92 000	50 000
Impairment	0	0	0	0
Expenditure	6 651 000	5 645 000	2 596 000	1 744 000
Operating Profit	−448 000	−3 744 000	−2 036 000	−1 245 000
Financial Income	53 000	25 000	13 000	1 000
Financial Costs	114 000	46 000	25 000	28 000
Financial Balance	−61 000	−21 000	−12 000	−27 000
Dividends	0	0	0	0
Net Income	−508 000	−3 759 000	−2 049 000	−1 272 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 385 000	315 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	958 000	241 000	334 000	376 000
Total Tangible Assets	958 000	241 000	334 000	376 000
Total Fiancial Fixed Assets	2 317 000	727 000	209 000	0
Total Fixed Assets	6 660 000	1 284 000	543 000	376 000
Stock	44 000	85 000	4 000	0
Total Investments	0	0	0	0
Cash, Bank	2 222 000	1 923 000	1 391 000	2 293 000
Total Current Assets	3 372 000	2 856 000	1 400 000	2 293 000
Total Assets	10 032 000	4 139 000	1 943 000	2 669 000
Total Equity	825 000	1 333 000	559 000	2 357 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 889 000	2 395 000	995 000	0
Creditors	565 000	241 000	248 000	115 000
Unpaid Taxes	225 000	70 000	98 000	23 000
Dividends	0	0	0	0
Other Current Debt	155 000	101 000	42 000	174 000
Total Current Debt	6 318 000	411 000	389 000	312 000
Total Equity and Debt	10 032 000	4 139 000	1 943 000	2 669 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−61,58 %	−282 %	−366,55 %	−53,97 %
Debt-to-Equity Ratio	3,5	1,8	1,78	0
Operating Profit Margin	−7,22 %	−196,95 %	−364,22 %	−249 %
Current Ratio	0,53	6,95	3,6	7,35
Quick Ratio	0,54	8,76	3,64	7,35
Equity Ratio	0,08	0,32	0,29	0,88
Gross Profit Margin	21,12 %	−12,84 %	−99,28 %	−20,6 %