GROVFÔRTEAM AS

3159 MELSOMVIK

Finances

Share Ownership

Return on Equity

−3,47 %

Current Ratio

1,36

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 569 000	5 002 000	5 891 000	4 194 000
Net Income	−43 000	−43 000	21 000	305 000
Total Assets	2 619 000	1 927 000	1 772 000	2 217 000
Total Equity	1 240 000	1 283 000	1 325 000	1 305 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 569 000	5 002 000	5 891 000	4 194 000
Expenditure	5 607 000	4 900 000	6 017 000	3 798 000
Operating Profit	−38 000	102 000	−126 000	396 000
Financial Income	0	0	4 000	0
Financial Costs	16 000	8 000	1 000	6 000
Financial Balance	−16 000	−8 000	3 000	−6 000
Earnings Before Tax	−55 000	94 000	−122 000	390 000
Tax	−12 000	137 000	−143 000	86 000
Net Income	−43 000	−43 000	21 000	305 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 023 000	1 209 000	927 000	1 122 000
Total Current Assets	1 596 000	718 000	844 000	1 095 000
Total Assets	2 619 000	1 927 000	1 772 000	2 217 000
Total Retained Equity	1 137 000	1 180 000	1 222 000	1 202 000
Total Equity	1 240 000	1 283 000	1 325 000	1 305 000
Total Long-Term Debt	208 000	247 000	174 000	201 000
Total Current Debt	1 172 000	398 000	272 000	711 000
Total Equity and Debt	2 619 000	1 927 000	1 772 000	2 217 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 569 000	5 002 000	5 149 000	4 046 000
Other Income	0	0	743 000	148 000
Revenue	5 569 000	5 002 000	5 891 000	4 194 000
Cost of Goods Sold	3 554 000	3 032 000	3 220 000	2 321 000
Salary Costs	362 000	169 000	252 000	11 000
Depreciation	56 000	48 000	40 000	37 000
Impairment	0	0	0	0
Expenditure	5 607 000	4 900 000	6 017 000	3 798 000
Operating Profit	−38 000	102 000	−126 000	396 000
Financial Income	0	0	4 000	0
Financial Costs	16 000	8 000	1 000	6 000
Financial Balance	−16 000	−8 000	3 000	−6 000
Dividends	0	0	0	300 000
Net Income	−43 000	−43 000	21 000	305 000

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	459 000	515 000	135 000	175 000
Fixtures	0	0	0	0
Total Tangible Assets	459 000	515 000	135 000	175 000
Total Fiancial Fixed Assets	564 000	695 000	792 000	946 000
Total Fixed Assets	1 023 000	1 209 000	927 000	1 122 000
Stock	509 000	236 000	7 000	78 000
Total Investments	0	0	0	0
Cash, Bank	542 000	219 000	408 000	457 000
Total Current Assets	1 596 000	718 000	844 000	1 095 000
Total Assets	2 619 000	1 927 000	1 772 000	2 217 000
Total Equity	1 240 000	1 283 000	1 325 000	1 305 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	208 000	247 000	174 000	201 000
Creditors	1 065 000	267 000	174 000	306 000
Unpaid Taxes	51 000	45 000	78 000	1 000
Dividends	0	0	0	300 000
Other Current Debt	29 000	21 000	20 000	1 000
Total Current Debt	1 172 000	398 000	272 000	711 000
Total Equity and Debt	2 619 000	1 927 000	1 772 000	2 217 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,47 %	−3,35 %	1,58 %	23,37 %
Debt-to-Equity Ratio	0,17	0,19	0,13	0,15
Operating Profit Margin	−0,68 %	2,04 %	−2,14 %	9,44 %
Current Ratio	1,36	1,8	3,1	1,54
Quick Ratio	2,41	4,43	3,18	1,73
Equity Ratio	0,47	0,67	0,75	0,59
Gross Profit Margin	36,18 %	39,38 %	45,34 %	44,66 %