GARO AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

28,41 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	137 010 000	167 171 000	181 073 000	177 713 000
Net Income	5 189 000	10 183 000	16 766 000	13 672 000
Total Assets	51 281 000	64 051 000	67 828 000	61 964 000
Total Equity	18 264 000	17 076 000	13 892 000	11 126 000

Income (NOK)	2022	2021	2020	2019
Revenue	137 010 000	167 171 000	181 073 000	177 713 000
Expenditure	129 922 000	154 483 000	158 830 000	160 192 000
Operating Profit	7 088 000	12 688 000	22 242 000	17 521 000
Financial Income	723 000	849 000	958 000	586 000
Financial Costs	1 143 000	472 000	1 696 000	547 000
Financial Balance	−420 000	377 000	−738 000	39 000
Earnings Before Tax	6 668 000	13 065 000	21 504 000	17 559 000
Tax	1 480 000	2 881 000	4 738 000	3 887 000
Net Income	5 189 000	10 183 000	16 766 000	13 672 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 841 000	2 830 000	2 976 000	3 889 000
Total Current Assets	49 440 000	61 221 000	64 852 000	58 076 000
Total Assets	51 281 000	64 051 000	67 828 000	61 964 000
Total Retained Equity	17 464 000	16 276 000	13 092 000	10 326 000
Total Equity	18 264 000	17 076 000	13 892 000	11 126 000
Total Long-Term Debt	50 000	177 000	435 000	977 000
Total Current Debt	32 967 000	46 798 000	53 501 000	49 861 000
Total Equity and Debt	51 281 000	64 051 000	67 828 000	61 964 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	137 006 000	167 171 000	180 906 000	177 384 000
Other Income	4 000	0	166 000	329 000
Revenue	137 010 000	167 171 000	181 073 000	177 713 000
Cost of Goods Sold	81 797 000	105 406 000	112 241 000	109 751 000
Salary Costs	24 308 000	21 845 000	18 963 000	18 847 000
Depreciation	1 145 000	1 084 000	960 000	782 000
Impairment	0	0	0	0
Expenditure	129 922 000	154 483 000	158 830 000	160 192 000
Operating Profit	7 088 000	12 688 000	22 242 000	17 521 000
Financial Income	723 000	849 000	958 000	586 000
Financial Costs	1 143 000	472 000	1 696 000	547 000
Financial Balance	−420 000	377 000	−738 000	39 000
Dividends	4 000 000	7 000 000	14 000 000	12 000 000
Net Income	5 189 000	10 183 000	16 766 000	13 672 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	216 000	81 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 365 000	2 489 000	2 715 000	3 628 000
Total Tangible Assets	1 365 000	2 489 000	2 715 000	3 628 000
Total Fiancial Fixed Assets	261 000	260 000	261 000	261 000
Total Fixed Assets	1 841 000	2 830 000	2 976 000	3 889 000
Stock	21 364 000	16 892 000	19 309 000	18 908 000
Total Investments	0	0	0	0
Cash, Bank	1 014 000	1 054 000	949 000	1 087 000
Total Current Assets	49 440 000	61 221 000	64 852 000	58 076 000
Total Assets	51 281 000	64 051 000	67 828 000	61 964 000
Total Equity	18 264 000	17 076 000	13 892 000	11 126 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	50 000	177 000	435 000	977 000
Creditors	18 392 000	26 696 000	20 263 000	23 322 000
Unpaid Taxes	6 365 000	7 742 000	8 528 000	6 792 000
Dividends	4 000 000	7 000 000	14 000 000	12 000 000
Other Current Debt	6 594 000	9 389 000	5 928 000	3 924 000
Total Current Debt	32 967 000	46 798 000	53 501 000	49 861 000
Total Equity and Debt	51 281 000	64 051 000	67 828 000	61 964 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,41 %	59,63 %	120,69 %	122,88 %
Debt-to-Equity Ratio	0	0,01	0,03	0,09
Operating Profit Margin	5,17 %	7,59 %	12,28 %	9,86 %
Current Ratio	1,5	1,31	1,21	1,16
Quick Ratio	4,26	2,05	1,9	1,88
Equity Ratio	0,36	0,27	0,2	0,18
Gross Profit Margin	40,3 %	36,95 %	38,01 %	38,24 %