GRUE SPAREBANK

2260 KIRKENÆR

Finances

Return on Equity

12,7 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	101 460 000	83 618 000	83 229 000	78 174 000
Net Income	61 348 000	30 742 000	22 037 000	26 698 000
Total Assets	3 848 562 000	3 586 092 000	3 299 356 000	3 095 060 000
Total Equity	482 935 000	424 289 000	396 147 000	345 396 000

Income (NOK)	2022	2021	2020	2019
Revenue	101 460 000	83 618 000	83 229 000	78 174 000
Expenditure	69 684 000	56 952 000	52 359 000	42 548 000
Operating Profit	40 989 000	33 540 000	30 870 000	35 626 000
Financial Income	0	0	0	0
Financial Costs	−267 000	1 072 000	3 265 000	1 112 000
Financial Balance	267 000	−1 072 000	−3 265 000	−1 112 000
Earnings Before Tax	41 256 000	32 468 000	27 605 000	34 514 000
Tax	−8 762 000	−7 370 000	5 568 000	7 816 000
Net Income	61 348 000	30 742 000	22 037 000	26 698 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	245 192 000	232 102 000	211 239 000	174 627 000
Total Current Assets	3 571 020 000	3 346 865 000	3 088 117 000	2 920 433 000
Total Assets	3 848 562 000	3 586 092 000	3 299 356 000	3 095 060 000
Total Retained Equity	482 935 000	424 289 000	396 147 000	345 396 000
Total Equity	482 935 000	424 289 000	396 147 000	345 396 000
Total Long-Term Debt	52 913 000	53 373 000	40 157 000	40 000 000
Total Current Debt	3 298 151 000	3 094 905 000	2 863 052 000	2 709 664 000
Total Equity and Debt	3 848 564 000	3 586 093 000	20 999 000	28 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	101 460 000	83 618 000	83 229 000	78 174 000
Cost of Goods Sold	0	0	0	0
Salary Costs	31 172 000	27 334 000	22 735 000	20 031 000
Depreciation	2 501 000	2 327 000	1 749 000	1 850 000
Impairment	0	0	0	0
Expenditure	69 684 000	56 952 000	52 359 000	42 548 000
Operating Profit	40 989 000	33 540 000	30 870 000	35 626 000
Financial Income	0	0	0	0
Financial Costs	−267 000	1 072 000	3 265 000	1 112 000
Financial Balance	267 000	−1 072 000	−3 265 000	−1 112 000
Dividends	0	0	0	0
Net Income	61 348 000	30 742 000	22 037 000	26 698 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	367 000	410 000
Real Eastate	0	0	19 281 000	17 518 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	1 318 000	1 199 000
Total Tangible Assets	26 830 000	28 627 000	20 599 000	18 717 000
Total Fiancial Fixed Assets	218 362 000	203 475 000	190 273 000	155 500 000
Total Fixed Assets	245 192 000	232 102 000	211 239 000	174 627 000
Stock	0	0	0	0
Total Investments	400 928 000	458 727 000	463 443 000	422 843 000
Cash, Bank	0	0	0	0
Total Current Assets	3 571 020 000	3 346 865 000	3 088 117 000	2 920 433 000
Total Assets	3 848 562 000	3 586 092 000	3 299 356 000	3 095 060 000
Total Equity	482 935 000	424 289 000	396 147 000	345 396 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	52 913 000	53 373 000	40 157 000	40 000 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 312 716 000	3 104 249 000	2 859 032 000	2 706 005 000
Total Current Debt	3 298 151 000	3 094 905 000	2 863 052 000	2 709 664 000
Total Equity and Debt	3 848 564 000	3 586 093 000	20 999 000	28 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,7 %	7,25 %	5,56 %	7,73 %
Debt-to-Equity Ratio	0,11	0,13	0,1	0,12
Operating Profit Margin	40,4 %	40,11 %	37,09 %	45,57 %
Current Ratio	1,08	1,08	1,08	1,08
Quick Ratio	1,08	1,08	1,08	1,08
Equity Ratio	0,13	0,12	0,12	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %