GALVANO AS

6200 STRANDA

Finances

Share Ownership

Return on Equity

17,34 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 666 000	41 257 000	30 517 000	36 260 000
Net Income	2 071 000	1 592 000	384 000	974 000
Total Assets	31 380 000	30 899 000	29 150 000	29 986 000
Total Equity	11 944 000	10 873 000	9 844 000	9 660 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 666 000	41 257 000	30 517 000	36 260 000
Expenditure	44 837 000	38 295 000	30 061 000	34 810 000
Operating Profit	3 106 000	2 417 000	945 000	1 782 000
Financial Income	86 000	51 000	43 000	41 000
Financial Costs	510 000	410 000	458 000	546 000
Financial Balance	−424 000	−359 000	−415 000	−505 000
Earnings Before Tax	2 682 000	2 058 000	530 000	1 276 000
Tax	611 000	467 000	146 000	302 000
Net Income	2 071 000	1 592 000	384 000	974 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 581 000	18 180 000	19 122 000	19 880 000
Total Current Assets	13 799 000	12 719 000	10 028 000	10 106 000
Total Assets	31 380 000	30 899 000	29 150 000	29 986 000
Total Retained Equity	11 839 000	10 768 000	9 739 000	9 555 000
Total Equity	11 944 000	10 873 000	9 844 000	9 660 000
Total Long-Term Debt	8 874 000	10 117 000	10 948 000	11 521 000
Total Current Debt	10 562 000	9 909 000	8 357 000	8 805 000
Total Equity and Debt	31 380 000	30 899 000	29 150 000	29 986 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 666 000	41 257 000	30 395 000	36 260 000
Other Income	0	0	122 000	0
Revenue	47 666 000	41 257 000	30 517 000	36 260 000
Cost of Goods Sold	26 046 000	21 647 000	16 249 000	18 573 000
Salary Costs	11 677 000	10 964 000	8 628 000	10 262 000
Depreciation	1 202 000	1 233 000	1 314 000	1 380 000
Impairment	0	0	0	0
Expenditure	44 837 000	38 295 000	30 061 000	34 810 000
Operating Profit	3 106 000	2 417 000	945 000	1 782 000
Financial Income	86 000	51 000	43 000	41 000
Financial Costs	510 000	410 000	458 000	546 000
Financial Balance	−424 000	−359 000	−415 000	−505 000
Dividends	0	500 000	200 000	600 000
Net Income	2 071 000	1 592 000	384 000	974 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	488 000	548 000	444 000	9 000
Real Eastate	8 604 000	8 758 000	9 120 000	9 492 000
Machinery and Plant Facilities	8 444 000	8 804 000	9 450 000	10 236 000
Fixtures	34 000	60 000	71 000	138 000
Total Tangible Assets	17 082 000	17 622 000	18 640 000	19 866 000
Total Fiancial Fixed Assets	11 000	10 000	38 000	5 000
Total Fixed Assets	17 581 000	18 180 000	19 122 000	19 880 000
Stock	8 550 000	6 178 000	5 593 000	5 802 000
Total Investments	0	0	0	0
Cash, Bank	392 000	366 000	296 000	379 000
Total Current Assets	13 799 000	12 719 000	10 028 000	10 106 000
Total Assets	31 380 000	30 899 000	29 150 000	29 986 000
Total Equity	11 944 000	10 873 000	9 844 000	9 660 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 874 000	10 117 000	10 948 000	11 521 000
Creditors	1 910 000	1 455 000	1 047 000	1 858 000
Unpaid Taxes	1 983 000	1 995 000	1 479 000	1 434 000
Dividends	0	500 000	200 000	600 000
Other Current Debt	3 321 000	1 877 000	3 034 000	1 778 000
Total Current Debt	10 562 000	9 909 000	8 357 000	8 805 000
Total Equity and Debt	31 380 000	30 899 000	29 150 000	29 986 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,34 %	14,64 %	3,9 %	10,08 %
Debt-to-Equity Ratio	0,74	0,93	1,11	1,19
Operating Profit Margin	6,52 %	5,86 %	3,1 %	4,91 %
Current Ratio	1,31	1,28	1,2	1,15
Quick Ratio	6,86	3,41	3,63	3,37
Equity Ratio	0,38	0,35	0,34	0,32
Gross Profit Margin	45,36 %	47,53 %	46,75 %	48,78 %