GRENLAND FLÅTESERVICE AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

14,08 %

Current Ratio

2,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 707 000	7 912 000	7 058 000	6 332 000
Net Income	351 000	270 000	614 000	212 000
Total Assets	3 564 000	3 996 000	3 059 000	2 663 000
Total Equity	2 493 000	2 141 000	1 871 000	1 257 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 707 000	7 912 000	7 058 000	6 332 000
Expenditure	6 216 000	7 505 000	6 278 000	6 017 000
Operating Profit	492 000	407 000	781 000	314 000
Financial Income	9 000	9 000	8 000	10 000
Financial Costs	28 000	27 000	35 000	28 000
Financial Balance	−19 000	−18 000	−27 000	−18 000
Earnings Before Tax	473 000	389 000	755 000	296 000
Tax	122 000	118 000	141 000	83 000
Net Income	351 000	270 000	614 000	212 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	812 000	884 000	525 000	533 000
Total Current Assets	2 752 000	3 112 000	2 534 000	2 130 000
Total Assets	3 564 000	3 996 000	3 059 000	2 663 000
Total Retained Equity	2 393 000	2 041 000	1 771 000	1 157 000
Total Equity	2 493 000	2 141 000	1 871 000	1 257 000
Total Long-Term Debt	0	118 000	253 000	382 000
Total Current Debt	1 071 000	1 736 000	935 000	1 024 000
Total Equity and Debt	3 564 000	3 996 000	3 059 000	2 663 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 705 000	7 912 000	7 058 000	6 332 000
Other Income	2 000	0	0	0
Revenue	6 707 000	7 912 000	7 058 000	6 332 000
Cost of Goods Sold	1 553 000	3 043 000	2 452 000	1 939 000
Salary Costs	2 295 000	2 093 000	2 000 000	2 019 000
Depreciation	79 000	69 000	42 000	73 000
Impairment	0	0	0	0
Expenditure	6 216 000	7 505 000	6 278 000	6 017 000
Operating Profit	492 000	407 000	781 000	314 000
Financial Income	9 000	9 000	8 000	10 000
Financial Costs	28 000	27 000	35 000	28 000
Financial Balance	−19 000	−18 000	−27 000	−18 000
Dividends	0	0	0	0
Net Income	351 000	270 000	614 000	212 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	66 000	72 000	78 000	84 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	470 000	543 000	207 000	149 000
Total Tangible Assets	536 000	615 000	285 000	233 000
Total Fiancial Fixed Assets	277 000	269 000	240 000	300 000
Total Fixed Assets	812 000	884 000	525 000	533 000
Stock	1 020 000	1 006 000	952 000	891 000
Total Investments	0	0	0	0
Cash, Bank	359 000	428 000	149 000	−32 000
Total Current Assets	2 752 000	3 112 000	2 534 000	2 130 000
Total Assets	3 564 000	3 996 000	3 059 000	2 663 000
Total Equity	2 493 000	2 141 000	1 871 000	1 257 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	118 000	253 000	382 000
Creditors	419 000	563 000	244 000	501 000
Unpaid Taxes	319 000	695 000	318 000	249 000
Dividends	0	0	0	0
Other Current Debt	211 000	360 000	231 000	191 000
Total Current Debt	1 071 000	1 736 000	935 000	1 024 000
Total Equity and Debt	3 564 000	3 996 000	3 059 000	2 663 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,08 %	12,61 %	32,82 %	16,87 %
Debt-to-Equity Ratio	0	0,06	0,14	0,3
Operating Profit Margin	7,34 %	5,14 %	11,07 %	4,96 %
Current Ratio	2,57	1,79	2,71	2,08
Quick Ratio	53,96	4,26	−149,06	16,02
Equity Ratio	0,7	0,54	0,61	0,47
Gross Profit Margin	76,85 %	61,54 %	65,26 %	69,38 %