GRONG SPAREBANK

7870 GRONG

Finances

Return on Equity

14,27 %

Current Ratio

1,1

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	300 297 000	201 416 000	202 549 000	187 430 000
Net Income	165 713 000	85 874 000	87 398 000	53 717 000
Total Assets	8 981 358 000	7 910 820 000	7 221 298 000	6 784 717 000
Total Equity	1 161 262 000	921 663 000	841 390 000	692 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	300 297 000	201 416 000	202 549 000	187 430 000
Expenditure	130 511 000	115 363 000	109 557 000	106 334 000
Operating Profit	193 865 000	102 811 000	121 549 000	81 096 000
Financial Income	0	0	0	0
Financial Costs	3 918 000	−5 736 000	14 039 000	8 957 000
Financial Balance	−3 918 000	5 736 000	−14 039 000	−8 957 000
Earnings Before Tax	189 947 000	108 547 000	107 510 000	72 139 000
Tax	−24 234 000	−22 673 000	−20 112 000	18 422 000
Net Income	165 713 000	85 874 000	87 398 000	53 717 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	534 603 000	365 740 000	292 601 000	216 625 000
Total Current Assets	8 368 789 000	7 468 905 000	6 922 295 000	6 568 092 000
Total Assets	8 981 358 000	7 910 820 000	7 221 298 000	6 784 717 000
Total Retained Equity	688 914 000	553 444 000	488 171 000	393 844 000
Total Equity	1 161 262 000	921 663 000	841 390 000	692 063 000
Total Long-Term Debt	162 399 000	162 572 000	90 301 000	125 000 000
Total Current Debt	7 628 911 000	6 783 643 000	6 266 716 000	5 967 654 000
Total Equity and Debt	8 981 359 000	7 910 820 000	7 221 298 000	12 000 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	300 297 000	201 416 000	202 549 000	187 430 000
Cost of Goods Sold	0	0	0	0
Salary Costs	63 503 000	57 165 000	56 155 000	53 181 000
Depreciation	8 177 000	8 586 000	4 965 000	4 924 000
Impairment	0	0	0	0
Expenditure	130 511 000	115 363 000	109 557 000	106 334 000
Operating Profit	193 865 000	102 811 000	121 549 000	81 096 000
Financial Income	0	0	0	0
Financial Costs	3 918 000	−5 736 000	14 039 000	8 957 000
Financial Balance	−3 918 000	5 736 000	−14 039 000	−8 957 000
Dividends	0	0	0	0
Net Income	165 713 000	85 874 000	87 398 000	53 717 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	133 000	1 917 000	3 701 000	6 728 000
Real Eastate	0	0	0	18 808 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	6 775 000
Total Tangible Assets	43 580 000	46 256 000	4 705 000	25 583 000
Total Fiancial Fixed Assets	490 890 000	317 567 000	284 195 000	184 314 000
Total Fixed Assets	534 603 000	365 740 000	292 601 000	216 625 000
Stock	0	0	0	0
Total Investments	655 582 000	546 683 000	626 485 000	501 200 000
Cash, Bank	0	0	0	0
Total Current Assets	8 368 789 000	7 468 905 000	6 922 295 000	6 568 092 000
Total Assets	8 981 358 000	7 910 820 000	7 221 298 000	6 784 717 000
Total Equity	1 161 262 000	921 663 000	841 390 000	692 063 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	162 399 000	162 572 000	90 301 000	125 000 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	7 657 698 000	6 826 585 000	6 289 607 000	5 967 608 000
Total Current Debt	7 628 911 000	6 783 643 000	6 266 716 000	5 967 654 000
Total Equity and Debt	8 981 359 000	7 910 820 000	7 221 298 000	12 000 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,27 %	9,32 %	10,39 %	7,76 %
Debt-to-Equity Ratio	0,14	0,18	0,11	0,18
Operating Profit Margin	64,56 %	51,04 %	60,01 %	43,27 %
Current Ratio	1,1	1,1	1,1	1,1
Quick Ratio	1,1	1,1	1,1	1,1
Equity Ratio	0,13	0,12	0,12	0,1
Gross Profit Margin	100 %	100 %	100 %	100 %