GARNES UTVIKLING AS

5282 LONEVÅG

Finances

Share Ownership

Return on Equity

5,96 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	914 000	973 000	1 015 000	883 000
Net Income	469 000	498 000	493 000	477 000
Total Assets	8 503 000	8 561 000	8 547 000	8 358 000
Total Equity	7 866 000	7 897 000	7 899 000	7 906 000

Income (NOK)	2022	2021	2020	2019
Revenue	914 000	973 000	1 015 000	883 000
Expenditure	320 000	337 000	387 000	273 000
Operating Profit	595 000	636 000	629 000	611 000
Financial Income	11 000	3 000	3 000	1 000
Financial Costs	0	0	0	0
Financial Balance	11 000	3 000	3 000	1 000
Earnings Before Tax	606 000	639 000	632 000	612 000
Tax	137 000	141 000	139 000	135 000
Net Income	469 000	498 000	493 000	477 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 770 000	7 809 000	7 828 000	7 847 000
Total Current Assets	733 000	752 000	719 000	511 000
Total Assets	8 503 000	8 561 000	8 547 000	8 358 000
Total Retained Equity	198 000	228 000	230 000	237 000
Total Equity	7 866 000	7 897 000	7 899 000	7 906 000
Total Long-Term Debt	0	0	2 000	4 000
Total Current Debt	636 000	664 000	646 000	448 000
Total Equity and Debt	8 503 000	8 561 000	8 547 000	8 358 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	914 000	973 000	1 015 000	883 000
Revenue	914 000	973 000	1 015 000	883 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	40 000	40 000	39 000	38 000
Impairment	0	0	0	0
Expenditure	320 000	337 000	387 000	273 000
Operating Profit	595 000	636 000	629 000	611 000
Financial Income	11 000	3 000	3 000	1 000
Financial Costs	0	0	0	0
Financial Balance	11 000	3 000	3 000	1 000
Dividends	500 000	500 000	500 000	300 000
Net Income	469 000	498 000	493 000	477 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 770 000	7 809 000	7 828 000	7 847 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	7 770 000	7 809 000	7 828 000	7 847 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 770 000	7 809 000	7 828 000	7 847 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	719 000	744 000	581 000	495 000
Total Current Assets	733 000	752 000	719 000	511 000
Total Assets	8 503 000	8 561 000	8 547 000	8 358 000
Total Equity	7 866 000	7 897 000	7 899 000	7 906 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	4 000
Creditors	0	21 000	6 000	12 000
Unpaid Taxes	0	0	0	0
Dividends	500 000	500 000	500 000	300 000
Other Current Debt	0	0	0	300 000
Total Current Debt	636 000	664 000	646 000	448 000
Total Equity and Debt	8 503 000	8 561 000	8 547 000	8 358 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,96 %	6,31 %	6,24 %	6,03 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	65,1 %	65,36 %	61,97 %	69,2 %
Current Ratio	1,15	1,13	1,11	1,14
Quick Ratio	1,15	1,13	1,11	1,14
Equity Ratio	0,93	0,92	0,92	0,95
Gross Profit Margin	100 %	100 %	100 %	100 %