GOLF MANAGEMENT AS

4312 SANDNES

Finances

Share Ownership

Return on Equity

14,79 %

Current Ratio

0,97

Debt-to-Equity Ratio

1,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 903 000	18 641 000	15 218 000	11 286 000
Net Income	1 232 000	3 718 000	1 178 000	−557 000
Total Assets	23 581 000	23 545 000	17 324 000	18 347 000
Total Equity	8 332 000	7 100 000	3 382 000	2 204 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 903 000	18 641 000	15 218 000	11 286 000
Expenditure	16 676 000	14 337 000	12 363 000	11 335 000
Operating Profit	226 000	4 304 000	2 855 000	−49 000
Financial Income	1 408 000	10 000	14 000	10 000
Financial Costs	591 000	299 000	1 691 000	518 000
Financial Balance	817 000	−289 000	−1 677 000	−508 000
Earnings Before Tax	1 044 000	4 015 000	1 178 000	−557 000
Tax	−188 000	296 000	0	0
Net Income	1 232 000	3 718 000	1 178 000	−557 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 937 000	20 284 000	14 554 000	16 185 000
Total Current Assets	4 644 000	3 261 000	2 771 000	2 162 000
Total Assets	23 581 000	23 545 000	17 324 000	18 347 000
Total Retained Equity	8 299 000	7 068 000	3 350 000	2 172 000
Total Equity	8 332 000	7 100 000	3 382 000	2 204 000
Total Long-Term Debt	10 479 000	13 607 000	12 711 000	14 833 000
Total Current Debt	4 770 000	2 838 000	1 231 000	1 310 000
Total Equity and Debt	23 581 000	23 545 000	17 324 000	18 347 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 852 000	18 641 000	15 162 000	11 286 000
Other Income	50 000	0	56 000	0
Revenue	16 903 000	18 641 000	15 218 000	11 286 000
Cost of Goods Sold	2 873 000	3 045 000	2 840 000	1 843 000
Salary Costs	5 557 000	4 575 000	4 398 000	4 000 000
Depreciation	827 000	543 000	486 000	504 000
Impairment	0	0	0	0
Expenditure	16 676 000	14 337 000	12 363 000	11 335 000
Operating Profit	226 000	4 304 000	2 855 000	−49 000
Financial Income	1 408 000	10 000	14 000	10 000
Financial Costs	591 000	299 000	1 691 000	518 000
Financial Balance	817 000	−289 000	−1 677 000	−508 000
Dividends	0	0	0	0
Net Income	1 232 000	3 718 000	1 178 000	−557 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	18 838 000	18 155 000	12 390 000	12 732 000
Machinery and Plant Facilities	92 000	27 000	57 000	89 000
Fixtures	7 000	3 000	9 000	17 000
Total Tangible Assets	18 937 000	18 186 000	12 456 000	12 837 000
Total Fiancial Fixed Assets	0	2 098 000	2 098 000	3 348 000
Total Fixed Assets	18 937 000	20 284 000	14 554 000	16 185 000
Stock	1 334 000	707 000	422 000	487 000
Total Investments	0	0	0	0
Cash, Bank	288 000	829 000	1 569 000	803 000
Total Current Assets	4 644 000	3 261 000	2 771 000	2 162 000
Total Assets	23 581 000	23 545 000	17 324 000	18 347 000
Total Equity	8 332 000	7 100 000	3 382 000	2 204 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 479 000	13 607 000	12 711 000	14 833 000
Creditors	571 000	1 027 000	119 000	35 000
Unpaid Taxes	330 000	297 000	208 000	233 000
Dividends	0	0	0	0
Other Current Debt	3 869 000	1 405 000	904 000	1 042 000
Total Current Debt	4 770 000	2 838 000	1 231 000	1 310 000
Total Equity and Debt	23 581 000	23 545 000	17 324 000	18 347 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,79 %	52,37 %	34,83 %	−25,27 %
Debt-to-Equity Ratio	1,26	1,92	3,76	6,73
Operating Profit Margin	1,34 %	23,09 %	18,76 %	−0,43 %
Current Ratio	0,97	1,15	2,25	1,65
Quick Ratio	1,35	1,53	3,43	2,63
Equity Ratio	0,35	0,3	0,2	0,12
Gross Profit Margin	83 %	83,67 %	81,34 %	83,67 %