GROVANE KRAFTVERK AS

6843 SKEI I JØLSTER

Finances

Share Ownership

Return on Equity

15,85 %

Current Ratio

0,1

Debt-to-Equity Ratio

−1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	97 000	425 000	173 000	436 000
Net Income	−273 000	32 000	−197 000	−17 000
Total Assets	1 948 000	2 141 000	2 071 000	2 243 000
Total Equity	−1 722 000	−1 449 000	−1 480 000	−1 284 000

Income (NOK)	2022	2021	2020	2019
Revenue	97 000	425 000	173 000	436 000
Expenditure	219 000	272 000	236 000	309 000
Operating Profit	−121 000	154 000	−63 000	127 000
Financial Income	0	0	9 000	8 000
Financial Costs	152 000	122 000	143 000	152 000
Financial Balance	−152 000	−122 000	−134 000	−144 000
Earnings Before Tax	−273 000	32 000	−197 000	−17 000
Tax	0	0	0	0
Net Income	−273 000	32 000	−197 000	−17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 859 000	1 923 000	1 987 000	2 054 000
Total Current Assets	90 000	219 000	85 000	189 000
Total Assets	1 948 000	2 141 000	2 071 000	2 243 000
Total Retained Equity	−2 022 000	−1 749 000	−1 780 000	−1 584 000
Total Equity	−1 722 000	−1 449 000	−1 480 000	−1 284 000
Total Long-Term Debt	2 737 000	2 739 000	2 805 000	2 862 000
Total Current Debt	933 000	851 000	747 000	665 000
Total Equity and Debt	1 948 000	2 141 000	2 071 000	2 243 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	97 000	425 000	173 000	436 000
Other Income	0	0	0	0
Revenue	97 000	425 000	173 000	436 000
Cost of Goods Sold	25 000	29 000	19 000	24 000
Salary Costs	0	0	0	0
Depreciation	64 000	64 000	68 000	79 000
Impairment	0	0	0	0
Expenditure	219 000	272 000	236 000	309 000
Operating Profit	−121 000	154 000	−63 000	127 000
Financial Income	0	0	9 000	8 000
Financial Costs	152 000	122 000	143 000	152 000
Financial Balance	−152 000	−122 000	−134 000	−144 000
Dividends	0	0	0	0
Net Income	−273 000	32 000	−197 000	−17 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 859 000	1 923 000	1 987 000	2 054 000
Fixtures	0	0	0	0
Total Tangible Assets	1 859 000	1 923 000	1 987 000	2 054 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 859 000	1 923 000	1 987 000	2 054 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	52 000	6 000	164 000
Total Current Assets	90 000	219 000	85 000	189 000
Total Assets	1 948 000	2 141 000	2 071 000	2 243 000
Total Equity	−1 722 000	−1 449 000	−1 480 000	−1 284 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 737 000	2 739 000	2 805 000	2 862 000
Creditors	778 000	678 000	651 000	630 000
Unpaid Taxes	0	52 000	10 000	15 000
Dividends	0	0	0	0
Other Current Debt	156 000	121 000	86 000	20 000
Total Current Debt	933 000	851 000	747 000	665 000
Total Equity and Debt	1 948 000	2 141 000	2 071 000	2 243 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,85 %	−2,21 %	13,31 %	1,32 %
Debt-to-Equity Ratio	−1,59	−1,89	−1,9	−2,23
Operating Profit Margin	−124,74 %	36,24 %	−36,42 %	29,13 %
Current Ratio	0,1	0,26	0,11	0,28
Quick Ratio	0,1	0,26	0,11	0,28
Equity Ratio	−0,88	−0,68	−0,71	−0,57
Gross Profit Margin	74,23 %	93,18 %	89,02 %	94,5 %