GROVA AS

3855 TREUNGEN

Finances

Return on Equity

5,67 %

Current Ratio

1,06

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 069 000	13 586 000	5 869 000	653 000
Net Income	414 000	1 885 000	1 399 000	106 000
Total Assets	25 289 000	22 228 000	12 168 000	4 930 000
Total Equity	7 300 000	7 435 000	5 631 000	4 380 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 069 000	13 586 000	5 869 000	653 000
Expenditure	14 254 000	12 311 000	4 074 000	515 000
Operating Profit	815 000	1 275 000	1 795 000	138 000
Financial Income	0	967 000	0	0
Financial Costs	284 000	98 000	1 000	2 000
Financial Balance	−284 000	869 000	−1 000	−2 000
Earnings Before Tax	531 000	2 144 000	1 794 000	136 000
Tax	117 000	259 000	395 000	30 000
Net Income	414 000	1 885 000	1 399 000	106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 307 000	6 282 000	4 846 000	4 479 000
Total Current Assets	18 982 000	15 946 000	7 322 000	451 000
Total Assets	25 289 000	22 228 000	12 168 000	4 930 000
Total Retained Equity	3 300 000	3 435 000	1 631 000	380 000
Total Equity	7 300 000	7 435 000	5 631 000	4 380 000
Total Long-Term Debt	92 000	130 000	128 000	0
Total Current Debt	17 897 000	14 663 000	6 409 000	550 000
Total Equity and Debt	25 289 000	22 228 000	12 168 000	4 930 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 069 000	13 426 000	5 869 000	280 000
Other Income	0	160 000	0	373 000
Revenue	15 069 000	13 586 000	5 869 000	653 000
Cost of Goods Sold	10 115 000	10 009 000	3 515 000	0
Salary Costs	0	0	0	0
Depreciation	30 000	34 000	66 000	95 000
Impairment	0	0	0	0
Expenditure	14 254 000	12 311 000	4 074 000	515 000
Operating Profit	815 000	1 275 000	1 795 000	138 000
Financial Income	0	967 000	0	0
Financial Costs	284 000	98 000	1 000	2 000
Financial Balance	−284 000	869 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	414 000	1 885 000	1 399 000	106 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	143 000	118 000	293 000	740 000
Fixtures	0	0	0	0
Total Tangible Assets	143 000	118 000	293 000	740 000
Total Fiancial Fixed Assets	6 165 000	6 165 000	4 553 000	3 720 000
Total Fixed Assets	6 307 000	6 282 000	4 846 000	4 479 000
Stock	12 430 000	14 009 000	4 481 000	0
Total Investments	0	0	0	0
Cash, Bank	2 000	29 000	91 000	0
Total Current Assets	18 982 000	15 946 000	7 322 000	451 000
Total Assets	25 289 000	22 228 000	12 168 000	4 930 000
Total Equity	7 300 000	7 435 000	5 631 000	4 380 000
Short-Term Group Debt	704 000	488 000	911 000	52 000
Total Long-Term Debt	92 000	130 000	128 000	0
Creditors	10 736 000	8 570 000	4 390 000	0
Unpaid Taxes	0	101 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 720 000	2 437 000	1 050 000	498 000
Total Current Debt	17 897 000	14 663 000	6 409 000	550 000
Total Equity and Debt	25 289 000	22 228 000	12 168 000	4 930 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,67 %	25,35 %	24,84 %	2,42 %
Debt-to-Equity Ratio	0,01	0,02	0,02	0
Operating Profit Margin	5,41 %	9,38 %	30,58 %	21,13 %
Current Ratio	1,06	1,09	1,14	0,82
Quick Ratio	3,47	24,38	3,8	0,82
Equity Ratio	0,29	0,33	0,46	0,89
Gross Profit Margin	32,88 %	26,33 %	40,11 %	100 %