PALMEN AS

3057 SOLBERGELVA

Finances

Return on Equity

4,6 %

Current Ratio

7,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 040 000	1 077 000	1 064 000	1 152 000
Net Income	216 000	21 000	314 000	395 000
Total Assets	9 646 000	9 427 000	9 357 000	9 158 000
Total Equity	4 697 000	4 481 000	4 459 000	4 145 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 040 000	1 077 000	1 064 000	1 152 000
Expenditure	533 000	831 000	447 000	468 000
Operating Profit	507 000	246 000	617 000	684 000
Financial Income	22 000	25 000	0	25 000
Financial Costs	250 000	240 000	214 000	204 000
Financial Balance	−228 000	−215 000	−214 000	−179 000
Earnings Before Tax	279 000	31 000	403 000	506 000
Tax	63 000	9 000	89 000	111 000
Net Income	216 000	21 000	314 000	395 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 760 000	7 725 000	7 709 000	7 795 000
Total Current Assets	1 887 000	1 702 000	1 648 000	1 363 000
Total Assets	9 646 000	9 427 000	9 357 000	9 158 000
Total Retained Equity	4 597 000	4 381 000	4 359 000	4 045 000
Total Equity	4 697 000	4 481 000	4 459 000	4 145 000
Total Long-Term Debt	4 684 000	4 777 000	4 789 000	4 854 000
Total Current Debt	266 000	169 000	109 000	159 000
Total Equity and Debt	9 646 000	9 427 000	9 357 000	9 158 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	840 000	840 000	840 000	840 000
Other Income	200 000	237 000	224 000	312 000
Revenue	1 040 000	1 077 000	1 064 000	1 152 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	533 000	831 000	447 000	468 000
Operating Profit	507 000	246 000	617 000	684 000
Financial Income	22 000	25 000	0	25 000
Financial Costs	250 000	240 000	214 000	204 000
Financial Balance	−228 000	−215 000	−214 000	−179 000
Dividends	0	0	0	0
Net Income	216 000	21 000	314 000	395 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 089 000	6 089 000	6 089 000	6 089 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 089 000	6 089 000	6 089 000	6 089 000
Total Fiancial Fixed Assets	1 671 000	1 636 000	1 620 000	1 707 000
Total Fixed Assets	7 760 000	7 725 000	7 709 000	7 795 000
Stock	0	0	0	0
Total Investments	850 000	850 000	850 000	850 000
Cash, Bank	165 000	198 000	238 000	185 000
Total Current Assets	1 887 000	1 702 000	1 648 000	1 363 000
Total Assets	9 646 000	9 427 000	9 357 000	9 158 000
Total Equity	4 697 000	4 481 000	4 459 000	4 145 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 684 000	4 777 000	4 789 000	4 854 000
Creditors	188 000	125 000	−3 000	34 000
Unpaid Taxes	15 000	35 000	23 000	14 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	266 000	169 000	109 000	159 000
Total Equity and Debt	9 646 000	9 427 000	9 357 000	9 158 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,6 %	0,47 %	7,04 %	9,53 %
Debt-to-Equity Ratio	1	1,07	1,07	1,17
Operating Profit Margin	48,75 %	22,84 %	57,99 %	59,38 %
Current Ratio	7,09	10,07	15,12	8,57
Quick Ratio	7,09	10,07	15,12	8,57
Equity Ratio	0,49	0,48	0,48	0,45
Gross Profit Margin	100 %	100 %	100 %	100 %