QUALITY HOTEL EDVARD GRIEG AS

5254 SANDSLI

Finances

Return on Equity

−12,76 %

Current Ratio

2,91

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 270 000	108 258 000	38 232 000	92 191 000
Net Income	−3 863 000	21 811 000	−17 065 000	−11 723 000
Total Assets	43 814 000	71 989 000	73 391 000	34 453 000
Total Equity	30 264 000	29 702 000	30 169 000	169 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 270 000	108 258 000	38 232 000	92 191 000
Expenditure	116 038 000	79 070 000	58 656 000	105 599 000
Operating Profit	−4 768 000	29 189 000	−20 423 000	−13 407 000
Financial Income	459 000	69 000	2 000	6 000
Financial Costs	636 000	1 283 000	1 451 000	1 549 000
Financial Balance	−177 000	−1 214 000	−1 449 000	−1 543 000
Earnings Before Tax	−4 945 000	27 975 000	−21 871 000	−14 950 000
Tax	−1 083 000	6 163 000	−4 806 000	−3 228 000
Net Income	−3 863 000	21 811 000	−17 065 000	−11 723 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 370 000	6 265 000	10 273 000	14 518 000
Total Current Assets	39 444 000	65 724 000	63 118 000	19 935 000
Total Assets	43 814 000	71 989 000	73 391 000	34 453 000
Total Retained Equity	−93 203 000	−89 341 000	−88 874 000	−71 808 000
Total Equity	30 264 000	29 702 000	30 169 000	169 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 550 000	42 287 000	43 222 000	34 285 000
Total Equity and Debt	43 814 000	71 989 000	73 391 000	34 453 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	111 270 000	108 258 000	38 232 000	92 191 000
Revenue	111 270 000	108 258 000	38 232 000	92 191 000
Cost of Goods Sold	14 848 000	7 401 000	3 267 000	10 934 000
Salary Costs	35 973 000	23 992 000	13 724 000	35 215 000
Depreciation	2 205 000	4 198 000	4 413 000	4 651 000
Impairment	0	0	0	0
Expenditure	116 038 000	79 070 000	58 656 000	105 599 000
Operating Profit	−4 768 000	29 189 000	−20 423 000	−13 407 000
Financial Income	459 000	69 000	2 000	6 000
Financial Costs	636 000	1 283 000	1 451 000	1 549 000
Financial Balance	−177 000	−1 214 000	−1 449 000	−1 543 000
Dividends	0	0	0	0
Net Income	−3 863 000	21 811 000	−17 065 000	−11 723 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 485 000	1 650 000	1 530 000	1 476 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 885 000	4 615 000	8 743 000	13 042 000
Total Tangible Assets	2 885 000	4 615 000	8 743 000	13 042 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 370 000	6 265 000	10 273 000	14 518 000
Stock	1 284 000	757 000	472 000	823 000
Total Investments	0	0	0	0
Cash, Bank	2 000	2 000	2 000	2 000
Total Current Assets	39 444 000	65 724 000	63 118 000	19 935 000
Total Assets	43 814 000	71 989 000	73 391 000	34 453 000
Total Equity	30 264 000	29 702 000	30 169 000	169 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 195 000	4 621 000	1 198 000	5 694 000
Unpaid Taxes	3 081 000	2 568 000	1 117 000	2 469 000
Dividends	0	0	0	0
Other Current Debt	6 274 000	35 098 000	40 908 000	26 122 000
Total Current Debt	13 550 000	42 287 000	43 222 000	34 285 000
Total Equity and Debt	43 814 000	71 989 000	73 391 000	34 453 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,76 %	73,43 %	−56,56 %	−6 936,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4,29 %	26,96 %	−53,42 %	−14,54 %
Current Ratio	2,91	1,55	1,46	0,58
Quick Ratio	3,22	1,58	1,48	0,6
Equity Ratio	0,69	0,41	0,41	0
Gross Profit Margin	86,66 %	93,16 %	91,45 %	88,14 %