GRANDWORTH AS

4006 STAVANGER

Finances

Return on Equity

40,3 %

Current Ratio

0,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	870 000	0	0	545 000
Net Income	654 000	5 397 000	991 000	483 000
Total Assets	4 829 000	4 272 000	645 000	615 000
Total Equity	1 623 000	1 459 000	649 000	451 000

Income (NOK)	2022	2021	2020	2019
Revenue	870 000	0	0	545 000
Expenditure	39 000	−7 000	9 000	63 000
Operating Profit	831 000	7 000	−9 000	482 000
Financial Income	1 000	5 431 000	1 000 000	0
Financial Costs	0	42 000	0	0
Financial Balance	1 000	5 389 000	1 000 000	0
Earnings Before Tax	832 000	5 397 000	991 000	483 000
Tax	178 000	0	0	0
Net Income	654 000	5 397 000	991 000	483 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 733 000	4 233 000	47 000	11 000
Total Current Assets	1 095 000	38 000	598 000	604 000
Total Assets	4 829 000	4 272 000	645 000	615 000
Total Retained Equity	1 593 000	1 429 000	631 000	433 000
Total Equity	1 623 000	1 459 000	649 000	451 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 206 000	2 813 000	−4 000	164 000
Total Equity and Debt	4 829 000	4 272 000	645 000	615 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	870 000	0	0	545 000
Other Income	0	0	0	0
Revenue	870 000	0	0	545 000
Cost of Goods Sold	0	0	0	1 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	39 000	−7 000	9 000	63 000
Operating Profit	831 000	7 000	−9 000	482 000
Financial Income	1 000	5 431 000	1 000 000	0
Financial Costs	0	42 000	0	0
Financial Balance	1 000	5 389 000	1 000 000	0
Dividends	490 000	3 917 000	793 000	462 000
Net Income	654 000	5 397 000	991 000	483 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 733 000	4 233 000	47 000	11 000
Total Fixed Assets	3 733 000	4 233 000	47 000	11 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 000	38 000	541 000	536 000
Total Current Assets	1 095 000	38 000	598 000	604 000
Total Assets	4 829 000	4 272 000	645 000	615 000
Total Equity	1 623 000	1 459 000	649 000	451 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	0	−165 000	3 000
Unpaid Taxes	212 000	0	−33 000	−33 000
Dividends	490 000	3 917 000	793 000	462 000
Other Current Debt	2 813 000	2 813 000	319 000	319 000
Total Current Debt	3 206 000	2 813 000	−4 000	164 000
Total Equity and Debt	4 829 000	4 272 000	645 000	615 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,3 %	369,91 %	152,7 %	107,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	95,52 %	-	-	88,44 %
Current Ratio	0,34	0,01	−149,5	3,68
Quick Ratio	0,34	0,01	−149,5	3,68
Equity Ratio	0,34	0,34	1,01	0,73
Gross Profit Margin	100 %	-	-	99,82 %