GARMIN NORDIC NORWAY AS

1570 DILLING

Finances

Return on Equity

13,77 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	354 675 000	374 708 000	368 276 000	259 965 000
Net Income	6 575 000	7 313 000	7 994 000	4 959 000
Total Assets	142 513 000	150 999 000	159 724 000	98 264 000
Total Equity	47 752 000	42 036 000	35 562 000	28 398 000

Income (NOK)	2022	2021	2020	2019
Revenue	354 675 000	374 708 000	368 276 000	259 965 000
Expenditure	342 228 000	365 716 000	358 512 000	253 169 000
Operating Profit	12 447 000	8 993 000	9 765 000	6 796 000
Financial Income	1 251 000	3 346 000	564 000	117 000
Financial Costs	5 161 000	2 923 000	3 000	414 000
Financial Balance	−3 910 000	423 000	561 000	−297 000
Earnings Before Tax	8 537 000	9 416 000	10 326 000	6 499 000
Tax	1 962 000	2 103 000	2 332 000	1 540 000
Net Income	6 575 000	7 313 000	7 994 000	4 959 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	406 000	482 000	814 000	466 000
Total Current Assets	142 107 000	150 516 000	158 910 000	97 798 000
Total Assets	142 513 000	150 999 000	159 724 000	98 264 000
Total Retained Equity	47 452 000	41 736 000	35 262 000	28 098 000
Total Equity	47 752 000	42 036 000	35 562 000	28 398 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	94 761 000	108 963 000	124 161 000	69 866 000
Total Equity and Debt	142 513 000	150 999 000	159 724 000	98 264 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	354 675 000	374 708 000	368 276 000	259 965 000
Other Income	0	0	0	0
Revenue	354 675 000	374 708 000	368 276 000	259 965 000
Cost of Goods Sold	299 583 000	322 344 000	320 142 000	216 351 000
Salary Costs	20 891 000	20 040 000	18 787 000	17 012 000
Depreciation	156 000	117 000	122 000	102 000
Impairment	0	0	0	0
Expenditure	342 228 000	365 716 000	358 512 000	253 169 000
Operating Profit	12 447 000	8 993 000	9 765 000	6 796 000
Financial Income	1 251 000	3 346 000	564 000	117 000
Financial Costs	5 161 000	2 923 000	3 000	414 000
Financial Balance	−3 910 000	423 000	561 000	−297 000
Dividends	0	0	0	0
Net Income	6 575 000	7 313 000	7 994 000	4 959 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	75 000	39 000	501 000	91 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	331 000	443 000	313 000	375 000
Total Tangible Assets	331 000	443 000	313 000	375 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	406 000	482 000	814 000	466 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	96 456 000	104 830 000	82 907 000	54 827 000
Total Current Assets	142 107 000	150 516 000	158 910 000	97 798 000
Total Assets	142 513 000	150 999 000	159 724 000	98 264 000
Total Equity	47 752 000	42 036 000	35 562 000	28 398 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	75 531 000	89 886 000	98 257 000	55 455 000
Unpaid Taxes	12 682 000	12 121 000	18 488 000	8 673 000
Dividends	0	0	0	0
Other Current Debt	4 793 000	5 552 000	4 909 000	4 479 000
Total Current Debt	94 761 000	108 963 000	124 161 000	69 866 000
Total Equity and Debt	142 513 000	150 999 000	159 724 000	98 264 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,77 %	17,4 %	22,48 %	17,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,51 %	2,4 %	2,65 %	2,61 %
Current Ratio	1,5	1,38	1,28	1,4
Quick Ratio	1,5	1,38	1,28	1,4
Equity Ratio	0,34	0,28	0,22	0,29
Gross Profit Margin	15,53 %	13,97 %	13,07 %	16,78 %