GARNES BUTIKKEIENDOM AS

5261 INDRE ARNA

Finances

Share Ownership

Return on Equity

100,66 %

Current Ratio

1,38

Debt-to-Equity Ratio

55,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 021 000	1 967 000	1 941 000	1 947 000
Net Income	304 000	289 000	151 000	107 000
Total Assets	17 647 000	18 590 000	18 277 000	19 071 000
Total Equity	302 000	290 000	270 000	411 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 021 000	1 967 000	1 941 000	1 947 000
Expenditure	990 000	991 000	1 123 000	1 021 000
Operating Profit	1 031 000	975 000	818 000	926 000
Financial Income	101 000	0	1 000	1 000
Financial Costs	742 000	604 000	626 000	789 000
Financial Balance	−641 000	−604 000	−625 000	−788 000
Earnings Before Tax	390 000	371 000	193 000	138 000
Tax	86 000	82 000	43 000	30 000
Net Income	304 000	289 000	151 000	107 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 647 000	17 135 000	17 623 000	18 074 000
Total Current Assets	1 000 000	1 455 000	654 000	998 000
Total Assets	17 647 000	18 590 000	18 277 000	19 071 000
Total Retained Equity	−198 000	−10 000	170 000	311 000
Total Equity	302 000	290 000	270 000	411 000
Total Long-Term Debt	16 621 000	17 224 000	17 170 000	17 878 000
Total Current Debt	724 000	1 076 000	837 000	782 000
Total Equity and Debt	17 647 000	18 590 000	18 277 000	19 071 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 021 000	1 967 000	1 941 000	1 947 000
Revenue	2 021 000	1 967 000	1 941 000	1 947 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	438 000	438 000	400 000	400 000
Impairment	0	0	0	0
Expenditure	990 000	991 000	1 123 000	1 021 000
Operating Profit	1 031 000	975 000	818 000	926 000
Financial Income	101 000	0	1 000	1 000
Financial Costs	742 000	604 000	626 000	789 000
Financial Balance	−641 000	−604 000	−625 000	−788 000
Dividends	0	0	0	0
Net Income	304 000	289 000	151 000	107 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	15 037 000	15 475 000	15 913 000	16 313 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	15 037 000	15 475 000	15 913 000	16 313 000
Total Fiancial Fixed Assets	1 610 000	1 660 000	1 710 000	1 760 000
Total Fixed Assets	16 647 000	17 135 000	17 623 000	18 074 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	795 000	867 000	266 000	604 000
Total Current Assets	1 000 000	1 455 000	654 000	998 000
Total Assets	17 647 000	18 590 000	18 277 000	19 071 000
Total Equity	302 000	290 000	270 000	411 000
Short-Term Group Debt	631 000	602 000	374 000	306 000
Total Long-Term Debt	16 621 000	17 224 000	17 170 000	17 878 000
Creditors	9 000	395 000	386 000	406 000
Unpaid Taxes	84 000	79 000	78 000	71 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	724 000	1 076 000	837 000	782 000
Total Equity and Debt	17 647 000	18 590 000	18 277 000	19 071 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100,66 %	99,66 %	55,93 %	26,03 %
Debt-to-Equity Ratio	55,04	59,39	63,59	43,5
Operating Profit Margin	51,01 %	49,57 %	42,14 %	47,56 %
Current Ratio	1,38	1,35	0,78	1,28
Quick Ratio	1,38	1,35	0,78	1,28
Equity Ratio	0,02	0,02	0,01	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %