GROVE 10 AS

5600 NORHEIMSUND

Finances

Return on Equity

−3,75 %

Current Ratio

13,91

Debt-to-Equity Ratio

10,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 198 000	3 853 000	3 669 000	9 953 000
Net Income	−80 000	306 000	298 000	635 000
Total Assets	24 764 000	27 086 000	29 110 000	26 589 000
Total Equity	2 135 000	1 632 000	1 718 000	1 421 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 198 000	3 853 000	3 669 000	9 953 000
Expenditure	9 332 000	2 835 000	2 601 000	8 144 000
Operating Profit	867 000	1 018 000	1 068 000	1 808 000
Financial Income	265 000	299 000	363 000	152 000
Financial Costs	1 235 000	925 000	1 028 000	1 167 000
Financial Balance	−970 000	−626 000	−665 000	−1 015 000
Earnings Before Tax	−103 000	392 000	403 000	793 000
Tax	−22 000	87 000	105 000	158 000
Net Income	−80 000	306 000	298 000	635 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 563 000	19 122 000	18 181 000	16 439 000
Total Current Assets	6 202 000	7 963 000	10 929 000	10 150 000
Total Assets	24 764 000	27 086 000	29 110 000	26 589 000
Total Retained Equity	201 000	279 000	365 000	68 000
Total Equity	2 135 000	1 632 000	1 718 000	1 421 000
Total Long-Term Debt	22 184 000	24 324 000	25 542 000	23 808 000
Total Current Debt	446 000	1 129 000	1 849 000	1 360 000
Total Equity and Debt	24 764 000	27 086 000	29 110 000	26 589 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 122 000	0	5 000	4 774 000
Other Income	4 076 000	3 853 000	3 664 000	5 179 000
Revenue	10 198 000	3 853 000	3 669 000	9 953 000
Cost of Goods Sold	2 936 000	0	0	2 318 000
Salary Costs	1 628 000	606 000	697 000	1 968 000
Depreciation	1 579 000	1 300 000	921 000	1 138 000
Impairment	0	0	0	0
Expenditure	9 332 000	2 835 000	2 601 000	8 144 000
Operating Profit	867 000	1 018 000	1 068 000	1 808 000
Financial Income	265 000	299 000	363 000	152 000
Financial Costs	1 235 000	925 000	1 028 000	1 167 000
Financial Balance	−970 000	−626 000	−665 000	−1 015 000
Dividends	0	0	0	0
Net Income	−80 000	306 000	298 000	635 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	619 000	372 000	348 000	453 000
Real Eastate	16 793 000	17 365 000	16 917 000	15 682 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 119 000	1 354 000	884 000	271 000
Total Tangible Assets	17 912 000	18 718 000	17 801 000	15 954 000
Total Fiancial Fixed Assets	32 000	32 000	32 000	32 000
Total Fixed Assets	18 563 000	19 122 000	18 181 000	16 439 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	886 000	29 000	2 179 000	1 520 000
Total Current Assets	6 202 000	7 963 000	10 929 000	10 150 000
Total Assets	24 764 000	27 086 000	29 110 000	26 589 000
Total Equity	2 135 000	1 632 000	1 718 000	1 421 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	22 184 000	24 324 000	25 542 000	23 808 000
Creditors	145 000	149 000	1 339 000	125 000
Unpaid Taxes	59 000	140 000	139 000	200 000
Dividends	0	0	0	0
Other Current Debt	242 000	737 000	371 000	1 036 000
Total Current Debt	446 000	1 129 000	1 849 000	1 360 000
Total Equity and Debt	24 764 000	27 086 000	29 110 000	26 589 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,75 %	18,75 %	17,35 %	44,69 %
Debt-to-Equity Ratio	10,39	14,9	14,87	16,75
Operating Profit Margin	8,5 %	26,42 %	29,11 %	18,17 %
Current Ratio	13,91	7,05	5,91	7,46
Quick Ratio	13,91	7,05	5,91	7,46
Equity Ratio	0,09	0,06	0,06	0,05
Gross Profit Margin	71,21 %	100 %	100 %	76,71 %