JAMES MCGOWAN GOLF AS

1440 DRØBAK

Finances

Return on Equity

17,45 %

Current Ratio

7,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 945 000	5 804 000	5 068 000	3 595 000
Net Income	649 000	613 000	812 000	62 000
Total Assets	4 197 000	3 687 000	2 925 000	2 084 000
Total Equity	3 719 000	3 070 000	2 457 000	1 645 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 945 000	5 804 000	5 068 000	3 595 000
Expenditure	4 273 000	4 633 000	4 264 000	3 378 000
Operating Profit	672 000	1 170 000	804 000	216 000
Financial Income	126 000	1 000	439 000	53 000
Financial Costs	0	301 000	255 000	176 000
Financial Balance	126 000	−300 000	184 000	−123 000
Earnings Before Tax	798 000	870 000	988 000	94 000
Tax	149 000	257 000	176 000	32 000
Net Income	649 000	613 000	812 000	62 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	573 000	263 000	264 000	273 000
Total Current Assets	3 624 000	3 424 000	2 661 000	1 811 000
Total Assets	4 197 000	3 687 000	2 925 000	2 084 000
Total Retained Equity	2 969 000	2 320 000	1 707 000	895 000
Total Equity	3 719 000	3 070 000	2 457 000	1 645 000
Total Long-Term Debt	12 000	10 000	13 000	195 000
Total Current Debt	465 000	607 000	455 000	244 000
Total Equity and Debt	4 197 000	3 687 000	2 925 000	2 084 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 948 000	5 804 000	5 043 000	3 595 000
Other Income	−2 000	0	24 000	0
Revenue	4 945 000	5 804 000	5 068 000	3 595 000
Cost of Goods Sold	2 024 000	2 515 000	2 402 000	1 665 000
Salary Costs	1 461 000	1 340 000	1 304 000	1 117 000
Depreciation	116 000	70 000	35 000	108 000
Impairment	0	0	0	0
Expenditure	4 273 000	4 633 000	4 264 000	3 378 000
Operating Profit	672 000	1 170 000	804 000	216 000
Financial Income	126 000	1 000	439 000	53 000
Financial Costs	0	301 000	255 000	176 000
Financial Balance	126 000	−300 000	184 000	−123 000
Dividends	0	0	0	0
Net Income	649 000	613 000	812 000	62 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	571 000	263 000	264 000	270 000
Total Tangible Assets	571 000	263 000	264 000	270 000
Total Fiancial Fixed Assets	2 000	0	0	0
Total Fixed Assets	573 000	263 000	264 000	273 000
Stock	949 000	405 000	326 000	507 000
Total Investments	591 000	252 000	147 000	313 000
Cash, Bank	1 994 000	2 700 000	2 170 000	974 000
Total Current Assets	3 624 000	3 424 000	2 661 000	1 811 000
Total Assets	4 197 000	3 687 000	2 925 000	2 084 000
Total Equity	3 719 000	3 070 000	2 457 000	1 645 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 000	10 000	13 000	195 000
Creditors	26 000	23 000	23 000	2 000
Unpaid Taxes	61 000	75 000	81 000	71 000
Dividends	0	0	0	0
Other Current Debt	232 000	249 000	191 000	134 000
Total Current Debt	465 000	607 000	455 000	244 000
Total Equity and Debt	4 197 000	3 687 000	2 925 000	2 084 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,45 %	19,97 %	33,05 %	3,77 %
Debt-to-Equity Ratio	0	0	0,01	0,12
Operating Profit Margin	13,59 %	20,16 %	15,86 %	6,01 %
Current Ratio	7,79	5,64	5,85	7,42
Quick Ratio	−7,49	16,95	20,63	−6,89
Equity Ratio	0,89	0,83	0,84	0,79
Gross Profit Margin	59,07 %	56,67 %	52,6 %	53,69 %