GAAREN SERVICE AS

3729 SKIEN

Finances

Share Ownership

Return on Equity

32,77 %

Current Ratio

2,25

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 405 000	7 699 000	6 099 000	5 211 000
Net Income	1 247 000	1 182 000	610 000	108 000
Total Assets	7 263 000	5 801 000	3 995 000	2 670 000
Total Equity	3 805 000	2 558 000	2 376 000	1 766 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 405 000	7 699 000	6 099 000	5 211 000
Expenditure	9 783 000	6 135 000	5 271 000	5 067 000
Operating Profit	1 622 000	1 563 000	828 000	144 000
Financial Income	4 000	0	1 000	1 000
Financial Costs	28 000	14 000	20 000	4 000
Financial Balance	−24 000	−14 000	−19 000	−3 000
Earnings Before Tax	1 598 000	1 550 000	809 000	141 000
Tax	350 000	368 000	199 000	33 000
Net Income	1 247 000	1 182 000	610 000	108 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	932 000	501 000	315 000	438 000
Total Current Assets	6 331 000	5 300 000	3 680 000	2 232 000
Total Assets	7 263 000	5 801 000	3 995 000	2 670 000
Total Retained Equity	3 701 000	2 454 000	2 272 000	1 662 000
Total Equity	3 805 000	2 558 000	2 376 000	1 766 000
Total Long-Term Debt	639 000	223 000	293 000	8 000
Total Current Debt	2 819 000	3 019 000	1 327 000	896 000
Total Equity and Debt	7 263 000	5 801 000	3 995 000	2 670 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 405 000	7 699 000	5 679 000	5 211 000
Other Income	0	0	420 000	0
Revenue	11 405 000	7 699 000	6 099 000	5 211 000
Cost of Goods Sold	4 530 000	2 856 000	2 195 000	2 121 000
Salary Costs	3 126 000	1 727 000	1 729 000	1 546 000
Depreciation	146 000	92 000	85 000	92 000
Impairment	0	0	0	0
Expenditure	9 783 000	6 135 000	5 271 000	5 067 000
Operating Profit	1 622 000	1 563 000	828 000	144 000
Financial Income	4 000	0	1 000	1 000
Financial Costs	28 000	14 000	20 000	4 000
Financial Balance	−24 000	−14 000	−19 000	−3 000
Dividends	0	1 000 000	0	200 000
Net Income	1 247 000	1 182 000	610 000	108 000

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	0	0	0	0
Fixtures	776 000	235 000	262 000	347 000
Total Tangible Assets	776 000	235 000	262 000	347 000
Total Fiancial Fixed Assets	156 000	266 000	53 000	91 000
Total Fixed Assets	932 000	501 000	315 000	438 000
Stock	250 000	250 000	200 000	40 000
Total Investments	0	0	0	0
Cash, Bank	367 000	838 000	1 147 000	332 000
Total Current Assets	6 331 000	5 300 000	3 680 000	2 232 000
Total Assets	7 263 000	5 801 000	3 995 000	2 670 000
Total Equity	3 805 000	2 558 000	2 376 000	1 766 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	639 000	223 000	293 000	8 000
Creditors	1 446 000	720 000	587 000	258 000
Unpaid Taxes	377 000	600 000	168 000	201 000
Dividends	0	1 000 000	0	200 000
Other Current Debt	645 000	1 331 000	365 000	412 000
Total Current Debt	2 819 000	3 019 000	1 327 000	896 000
Total Equity and Debt	7 263 000	5 801 000	3 995 000	2 670 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,77 %	46,21 %	25,67 %	6,12 %
Debt-to-Equity Ratio	0,17	0,09	0,12	0
Operating Profit Margin	14,22 %	20,3 %	13,58 %	2,76 %
Current Ratio	2,25	1,76	2,77	2,49
Quick Ratio	2,46	1,91	3,27	2,61
Equity Ratio	0,52	0,44	0,59	0,66
Gross Profit Margin	60,28 %	62,9 %	64,01 %	59,3 %