PALMTREE PRODUCTIONS AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

39,01 %

Current Ratio

1,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 784 000	3 826 000	4 804 000	2 823 000
Net Income	300 000	−75 000	861 000	562 000
Total Assets	1 528 000	1 314 000	2 237 000	1 060 000
Total Equity	769 000	468 000	944 000	583 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 784 000	3 826 000	4 804 000	2 823 000
Expenditure	5 356 000	3 879 000	3 669 000	2 054 000
Operating Profit	427 000	−53 000	1 134 000	769 000
Financial Income	25 000	5 000	43 000	0
Financial Costs	90 000	28 000	42 000	41 000
Financial Balance	−65 000	−23 000	1 000	−41 000
Earnings Before Tax	362 000	−75 000	1 135 000	727 000
Tax	61 000	0	274 000	165 000
Net Income	300 000	−75 000	861 000	562 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	233 000	241 000	260 000	108 000
Total Current Assets	1 295 000	1 073 000	1 977 000	952 000
Total Assets	1 528 000	1 314 000	2 237 000	1 060 000
Total Retained Equity	739 000	438 000	914 000	553 000
Total Equity	769 000	468 000	944 000	583 000
Total Long-Term Debt	0	0	0	3 000
Total Current Debt	759 000	846 000	1 293 000	474 000
Total Equity and Debt	1 528 000	1 314 000	2 237 000	1 060 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 784 000	3 826 000	4 804 000	2 823 000
Other Income	0	0	0	0
Revenue	5 784 000	3 826 000	4 804 000	2 823 000
Cost of Goods Sold	3 156 000	1 656 000	1 677 000	956 000
Salary Costs	1 621 000	1 335 000	1 253 000	823 000
Depreciation	88 000	67 000	58 000	8 000
Impairment	0	0	0	0
Expenditure	5 356 000	3 879 000	3 669 000	2 054 000
Operating Profit	427 000	−53 000	1 134 000	769 000
Financial Income	25 000	5 000	43 000	0
Financial Costs	90 000	28 000	42 000	41 000
Financial Balance	−65 000	−23 000	1 000	−41 000
Dividends	0	400 000	500 000	0
Net Income	300 000	−75 000	861 000	562 000

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	233 000	241 000	260 000	108 000
Total Tangible Assets	233 000	241 000	260 000	108 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	233 000	241 000	260 000	108 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	216 000	1 000 000	1 807 000	255 000
Total Current Assets	1 295 000	1 073 000	1 977 000	952 000
Total Assets	1 528 000	1 314 000	2 237 000	1 060 000
Total Equity	769 000	468 000	944 000	583 000
Short-Term Group Debt	0	0	500 000	0
Total Long-Term Debt	0	0	0	3 000
Creditors	340 000	51 000	35 000	149 000
Unpaid Taxes	126 000	157 000	219 000	80 000
Dividends	0	400 000	500 000	0
Other Current Debt	232 000	638 000	262 000	83 000
Total Current Debt	759 000	846 000	1 293 000	474 000
Total Equity and Debt	1 528 000	1 314 000	2 237 000	1 060 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,01 %	−16,03 %	91,21 %	96,4 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	7,38 %	−1,39 %	23,61 %	27,24 %
Current Ratio	1,71	1,27	1,53	2,01
Quick Ratio	1,71	1,27	1,53	2,01
Equity Ratio	0,5	0,36	0,42	0,55
Gross Profit Margin	45,44 %	56,72 %	65,09 %	66,14 %