NORSK GRUNNBORING AS

1615 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

27,38 %

Current Ratio

2,01

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 474 000	11 172 000	7 457 000	6 231 000
Net Income	697 000	372 000	195 000	843 000
Total Assets	5 654 000	3 997 000	3 278 000	2 064 000
Total Equity	2 546 000	1 848 000	1 476 000	1 281 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 474 000	11 172 000	7 457 000	6 231 000
Expenditure	12 530 000	10 686 000	7 195 000	5 149 000
Operating Profit	945 000	487 000	260 000	1 082 000
Financial Income	8 000	6 000	1 000	0
Financial Costs	38 000	16 000	11 000	2 000
Financial Balance	−30 000	−10 000	−10 000	−2 000
Earnings Before Tax	915 000	477 000	250 000	1 080 000
Tax	217 000	105 000	55 000	238 000
Net Income	697 000	372 000	195 000	843 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 276 000	1 220 000	1 241 000	598 000
Total Current Assets	4 378 000	2 777 000	2 038 000	1 465 000
Total Assets	5 654 000	3 997 000	3 278 000	2 064 000
Total Retained Equity	2 496 000	1 798 000	1 426 000	1 231 000
Total Equity	2 546 000	1 848 000	1 476 000	1 281 000
Total Long-Term Debt	934 000	628 000	745 000	6 000
Total Current Debt	2 175 000	1 521 000	1 057 000	776 000
Total Equity and Debt	5 654 000	3 997 000	3 278 000	2 064 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 468 000	11 138 000	7 457 000	6 231 000
Other Income	6 000	34 000	0	0
Revenue	13 474 000	11 172 000	7 457 000	6 231 000
Cost of Goods Sold	2 341 000	2 655 000	1 739 000	1 290 000
Salary Costs	3 792 000	3 091 000	2 366 000	1 645 000
Depreciation	312 000	142 000	90 000	49 000
Impairment	0	0	0	0
Expenditure	12 530 000	10 686 000	7 195 000	5 149 000
Operating Profit	945 000	487 000	260 000	1 082 000
Financial Income	8 000	6 000	1 000	0
Financial Costs	38 000	16 000	11 000	2 000
Financial Balance	−30 000	−10 000	−10 000	−2 000
Dividends	0	0	0	0
Net Income	697 000	372 000	195 000	843 000

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	357 000	272 000	0	0
Fixtures	419 000	348 000	517 000	259 000
Total Tangible Assets	776 000	620 000	517 000	259 000
Total Fiancial Fixed Assets	501 000	601 000	724 000	340 000
Total Fixed Assets	1 276 000	1 220 000	1 241 000	598 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	186 000	716 000	730 000	467 000
Total Current Assets	4 378 000	2 777 000	2 038 000	1 465 000
Total Assets	5 654 000	3 997 000	3 278 000	2 064 000
Total Equity	2 546 000	1 848 000	1 476 000	1 281 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	934 000	628 000	745 000	6 000
Creditors	1 578 000	649 000	415 000	325 000
Unpaid Taxes	42 000	427 000	293 000	55 000
Dividends	0	0	0	0
Other Current Debt	321 000	249 000	349 000	161 000
Total Current Debt	2 175 000	1 521 000	1 057 000	776 000
Total Equity and Debt	5 654 000	3 997 000	3 278 000	2 064 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,38 %	20,13 %	13,21 %	65,81 %
Debt-to-Equity Ratio	0,37	0,34	0,5	0
Operating Profit Margin	7,01 %	4,36 %	3,49 %	17,36 %
Current Ratio	2,01	1,83	1,93	1,89
Quick Ratio	2,01	1,83	1,93	1,89
Equity Ratio	0,45	0,46	0,45	0,62
Gross Profit Margin	82,63 %	76,24 %	76,68 %	79,3 %