N. GRØNSETH AS

6517 KRISTIANSUND N

Finances

Return on Equity

34,52 %

Current Ratio

1,18

Debt-to-Equity Ratio

7,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 904 000	3 771 000	2 860 000	1 007 000
Net Income	126 000	163 000	63 000	−145 000
Total Assets	3 860 000	4 145 000	4 209 000	2 488 000
Total Equity	365 000	240 000	77 000	−137 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 904 000	3 771 000	2 860 000	1 007 000
Expenditure	5 578 000	3 391 000	2 659 000	996 000
Operating Profit	326 000	380 000	200 000	11 000
Financial Income	7 000	0	0	0
Financial Costs	172 000	171 000	120 000	167 000
Financial Balance	−165 000	−171 000	−120 000	−167 000
Earnings Before Tax	161 000	209 000	81 000	−156 000
Tax	35 000	46 000	18 000	−11 000
Net Income	126 000	163 000	63 000	−145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 822 000	3 330 000	2 845 000	2 006 000
Total Current Assets	1 038 000	815 000	1 363 000	483 000
Total Assets	3 860 000	4 145 000	4 209 000	2 488 000
Total Retained Equity	185 000	60 000	−103 000	−167 000
Total Equity	365 000	240 000	77 000	−137 000
Total Long-Term Debt	2 612 000	3 278 000	3 539 000	2 221 000
Total Current Debt	883 000	627 000	593 000	404 000
Total Equity and Debt	3 860 000	4 145 000	4 209 000	2 488 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 642 000	3 587 000	2 760 000	794 000
Other Income	262 000	184 000	100 000	213 000
Revenue	5 904 000	3 771 000	2 860 000	1 007 000
Cost of Goods Sold	−59 000	132 000	194 000	9 000
Salary Costs	1 949 000	8 000	0	0
Depreciation	500 000	774 000	640 000	274 000
Impairment	0	0	0	0
Expenditure	5 578 000	3 391 000	2 659 000	996 000
Operating Profit	326 000	380 000	200 000	11 000
Financial Income	7 000	0	0	0
Financial Costs	172 000	171 000	120 000	167 000
Financial Balance	−165 000	−171 000	−120 000	−167 000
Dividends	0	0	0	0
Net Income	126 000	163 000	63 000	−145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	37 000	55 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 822 000	3 330 000	2 808 000	1 950 000
Total Tangible Assets	2 822 000	3 330 000	2 808 000	1 950 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 822 000	3 330 000	2 845 000	2 006 000
Stock	177 000	0	750 000	0
Total Investments	0	0	0	0
Cash, Bank	220 000	112 000	160 000	151 000
Total Current Assets	1 038 000	815 000	1 363 000	483 000
Total Assets	3 860 000	4 145 000	4 209 000	2 488 000
Total Equity	365 000	240 000	77 000	−137 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 612 000	3 278 000	3 539 000	2 221 000
Creditors	485 000	511 000	385 000	303 000
Unpaid Taxes	189 000	116 000	197 000	122 000
Dividends	0	0	0	0
Other Current Debt	209 000	0	11 000	−21 000
Total Current Debt	883 000	627 000	593 000	404 000
Total Equity and Debt	3 860 000	4 145 000	4 209 000	2 488 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,52 %	67,92 %	81,82 %	105,84 %
Debt-to-Equity Ratio	7,16	13,66	45,96	−16,21
Operating Profit Margin	5,52 %	10,08 %	6,99 %	1,09 %
Current Ratio	1,18	1,3	2,3	1,2
Quick Ratio	1,47	1,3	−8,68	1,2
Equity Ratio	0,09	0,06	0,02	−0,06
Gross Profit Margin	101 %	96,5 %	93,22 %	99,11 %