GRINDAHEIM INVEST AS

5919 FREKHAUG

Finances

Share Ownership

Return on Equity

185,23 %

Current Ratio

0,09

Debt-to-Equity Ratio

12,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 143 000	6 071 000	6 014 000	5 821 000
Net Income	2 934 000	1 354 000	1 914 000	2 071 000
Total Assets	26 115 000	25 295 000	25 985 000	26 809 000
Total Equity	1 584 000	1 578 000	1 499 000	1 354 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 143 000	6 071 000	6 014 000	5 821 000
Expenditure	3 207 000	3 665 000	2 813 000	2 174 000
Operating Profit	4 936 000	2 406 000	3 200 000	3 647 000
Financial Income	0	1 000	0	0
Financial Costs	1 171 000	815 000	740 000	990 000
Financial Balance	−1 171 000	−814 000	−740 000	−990 000
Earnings Before Tax	3 765 000	1 591 000	2 460 000	2 657 000
Tax	831 000	237 000	546 000	586 000
Net Income	2 934 000	1 354 000	1 914 000	2 071 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 652 000	24 945 000	24 493 000	25 354 000
Total Current Assets	463 000	350 000	1 492 000	1 455 000
Total Assets	26 115 000	25 295 000	25 985 000	26 809 000
Total Retained Equity	1 084 000	1 078 000	999 000	854 000
Total Equity	1 584 000	1 578 000	1 499 000	1 354 000
Total Long-Term Debt	19 222 000	20 395 000	21 565 000	22 772 000
Total Current Debt	5 309 000	3 322 000	2 921 000	2 683 000
Total Equity and Debt	26 115 000	25 295 000	25 985 000	26 809 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	390 000	330 000	325 000	293 000
Other Income	7 753 000	5 740 000	5 689 000	5 529 000
Revenue	8 143 000	6 071 000	6 014 000	5 821 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	101 000	858 000	120 000
Depreciation	862 000	861 000	861 000	861 000
Impairment	0	0	0	0
Expenditure	3 207 000	3 665 000	2 813 000	2 174 000
Operating Profit	4 936 000	2 406 000	3 200 000	3 647 000
Financial Income	0	1 000	0	0
Financial Costs	1 171 000	815 000	740 000	990 000
Financial Balance	−1 171 000	−814 000	−740 000	−990 000
Dividends	0	0	0	0
Net Income	2 934 000	1 354 000	1 914 000	2 071 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	15 758 000	16 620 000	17 481 000	18 343 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	15 758 000	16 620 000	17 481 000	18 343 000
Total Fiancial Fixed Assets	9 893 000	8 325 000	7 012 000	7 012 000
Total Fixed Assets	25 652 000	24 945 000	24 493 000	25 354 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	245 000	103 000	262 000	193 000
Total Current Assets	463 000	350 000	1 492 000	1 455 000
Total Assets	26 115 000	25 295 000	25 985 000	26 809 000
Total Equity	1 584 000	1 578 000	1 499 000	1 354 000
Short-Term Group Debt	3 112 000	1 354 000	1 914 000	2 071 000
Total Long-Term Debt	19 222 000	20 395 000	21 565 000	22 772 000
Creditors	1 315 000	1 673 000	258 000	17 000
Unpaid Taxes	0	4 000	330 000	4 000
Dividends	0	0	0	0
Other Current Debt	112 000	13 000	8 000	285 000
Total Current Debt	5 309 000	3 322 000	2 921 000	2 683 000
Total Equity and Debt	26 115 000	25 295 000	25 985 000	26 809 000

Financial indicators	2022	2021	2020	2019
Return on Equity	185,23 %	85,8 %	127,69 %	152,95 %
Debt-to-Equity Ratio	12,14	12,92	14,39	16,82
Operating Profit Margin	60,62 %	39,63 %	53,21 %	62,65 %
Current Ratio	0,09	0,11	0,51	0,54
Quick Ratio	0,09	0,11	0,51	0,54
Equity Ratio	0,06	0,06	0,06	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %