LARS GRIMSTAD AS

3262 LARVIK

Finances

Return on Equity

11,63 %

Current Ratio

2,42

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 619 000	19 522 000	17 896 000	17 232 000
Net Income	1 305 000	1 805 000	1 645 000	685 000
Total Assets	17 244 000	17 387 000	16 946 000	14 616 000
Total Equity	11 223 000	9 918 000	10 113 000	8 868 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 619 000	19 522 000	17 896 000	17 232 000
Expenditure	17 895 000	17 177 000	15 757 000	16 312 000
Operating Profit	1 724 000	2 344 000	2 139 000	921 000
Financial Income	19 000	23 000	16 000	19 000
Financial Costs	58 000	55 000	46 000	57 000
Financial Balance	−39 000	−32 000	−30 000	−38 000
Earnings Before Tax	1 684 000	2 312 000	2 109 000	883 000
Tax	379 000	507 000	464 000	198 000
Net Income	1 305 000	1 805 000	1 645 000	685 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 464 000	3 839 000	4 057 000	4 315 000
Total Current Assets	13 780 000	13 548 000	12 889 000	10 301 000
Total Assets	17 244 000	17 387 000	16 946 000	14 616 000
Total Retained Equity	9 323 000	8 018 000	6 213 000	4 968 000
Total Equity	11 223 000	9 918 000	10 113 000	8 868 000
Total Long-Term Debt	336 000	401 000	466 000	531 000
Total Current Debt	5 685 000	7 068 000	6 368 000	5 217 000
Total Equity and Debt	17 244 000	17 387 000	16 946 000	14 616 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 175 000	19 114 000	17 512 000	16 835 000
Other Income	445 000	409 000	383 000	397 000
Revenue	19 619 000	19 522 000	17 896 000	17 232 000
Cost of Goods Sold	10 466 000	10 482 000	9 679 000	10 043 000
Salary Costs	4 968 000	4 268 000	3 956 000	4 072 000
Depreciation	214 000	244 000	285 000	312 000
Impairment	0	0	0	0
Expenditure	17 895 000	17 177 000	15 757 000	16 312 000
Operating Profit	1 724 000	2 344 000	2 139 000	921 000
Financial Income	19 000	23 000	16 000	19 000
Financial Costs	58 000	55 000	46 000	57 000
Financial Balance	−39 000	−32 000	−30 000	−38 000
Dividends	0	1 000 000	0	0
Net Income	1 305 000	1 805 000	1 645 000	685 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	166 000	165 000	139 000	112 000
Real Eastate	2 337 000	2 415 000	2 492 000	2 560 000
Machinery and Plant Facilities	25 000	0	0	50 000
Fixtures	597 000	293 000	460 000	627 000
Total Tangible Assets	2 959 000	2 708 000	2 952 000	3 237 000
Total Fiancial Fixed Assets	339 000	966 000	966 000	966 000
Total Fixed Assets	3 464 000	3 839 000	4 057 000	4 315 000
Stock	7 767 000	6 284 000	5 597 000	5 571 000
Total Investments	0	0	0	0
Cash, Bank	3 888 000	4 540 000	5 082 000	2 883 000
Total Current Assets	13 780 000	13 548 000	12 889 000	10 301 000
Total Assets	17 244 000	17 387 000	16 946 000	14 616 000
Total Equity	11 223 000	9 918 000	10 113 000	8 868 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	336 000	401 000	466 000	531 000
Creditors	1 447 000	1 296 000	1 448 000	950 000
Unpaid Taxes	1 281 000	1 268 000	1 618 000	1 379 000
Dividends	0	1 000 000	0	0
Other Current Debt	2 577 000	2 972 000	2 810 000	2 660 000
Total Current Debt	5 685 000	7 068 000	6 368 000	5 217 000
Total Equity and Debt	17 244 000	17 387 000	16 946 000	14 616 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,63 %	18,2 %	16,27 %	7,72 %
Debt-to-Equity Ratio	0,03	0,04	0,05	0,06
Operating Profit Margin	8,79 %	12,01 %	11,95 %	5,34 %
Current Ratio	2,42	1,92	2,02	1,97
Quick Ratio	−6,62	17,28	16,72	−29,1
Equity Ratio	0,65	0,57	0,6	0,61
Gross Profit Margin	46,65 %	46,31 %	45,92 %	41,72 %