GRØVIK VERK AS

6152 ØRSTA

Finances

Return on Equity

16,05 %

Current Ratio

2,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	87 454 000	74 988 000	75 357 000	64 582 000
Net Income	17 444 000	19 681 000	8 751 000	7 599 000
Total Assets	128 938 000	134 536 000	114 191 000	119 430 000
Total Equity	108 677 000	116 234 000	103 233 000	109 282 000

Income (NOK)	2022	2021	2020	2019
Revenue	87 454 000	74 988 000	75 357 000	64 582 000
Expenditure	81 793 000	64 444 000	57 895 000	54 412 000
Operating Profit	21 363 000	14 541 000	10 712 000	8 371 000
Financial Income	872 000	10 653 000	444 000	1 501 000
Financial Costs	36 000	10 000	15 000	382 000
Financial Balance	836 000	10 643 000	429 000	1 119 000
Earnings Before Tax	22 199 000	25 184 000	11 141 000	9 490 000
Tax	4 755 000	5 503 000	2 390 000	1 891 000
Net Income	17 444 000	19 681 000	8 751 000	7 599 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 340 000	86 415 000	76 982 000	67 511 000
Total Current Assets	53 599 000	48 122 000	37 210 000	51 919 000
Total Assets	128 938 000	134 536 000	114 191 000	119 430 000
Total Retained Equity	108 067 000	115 434 000	102 433 000	97 182 000
Total Equity	108 677 000	116 234 000	103 233 000	109 282 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	20 261 000	18 303 000	10 958 000	10 148 000
Total Equity and Debt	128 938 000	134 536 000	114 191 000	119 430 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	87 454 000	74 988 000	75 344 000	64 582 000
Other Income	0	0	13 000	0
Revenue	87 454 000	74 988 000	75 357 000	64 582 000
Cost of Goods Sold	55 127 000	36 984 000	31 296 000	29 832 000
Salary Costs	17 549 000	17 781 000	15 942 000	16 476 000
Depreciation	1 231 000	1 675 000	1 863 000	1 853 000
Impairment	0	0	0	0
Expenditure	81 793 000	64 444 000	57 895 000	54 412 000
Operating Profit	21 363 000	14 541 000	10 712 000	8 371 000
Financial Income	872 000	10 653 000	444 000	1 501 000
Financial Costs	36 000	10 000	15 000	382 000
Financial Balance	836 000	10 643 000	429 000	1 119 000
Dividends	9 000 000	6 680 000	3 500 000	3 000 000
Net Income	17 444 000	19 681 000	8 751 000	7 599 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 026 000	2 039 000	1 975 000	1 905 000
Real Eastate	4 989 000	5 948 000	6 908 000	7 867 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	921 000	633 000	1 007 000	1 870 000
Total Tangible Assets	5 910 000	6 581 000	7 914 000	9 737 000
Total Fiancial Fixed Assets	67 404 000	77 794 000	67 092 000	55 869 000
Total Fixed Assets	75 340 000	86 415 000	76 982 000	67 511 000
Stock	42 492 000	26 789 000	22 792 000	29 542 000
Total Investments	0	0	0	1 050 000
Cash, Bank	6 238 000	13 992 000	8 773 000	18 563 000
Total Current Assets	53 599 000	48 122 000	37 210 000	51 919 000
Total Assets	128 938 000	134 536 000	114 191 000	119 430 000
Total Equity	108 677 000	116 234 000	103 233 000	109 282 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 196 000	1 422 000	525 000	934 000
Unpaid Taxes	2 260 000	2 568 000	2 558 000	2 374 000
Dividends	9 000 000	6 680 000	3 500 000	3 000 000
Other Current Debt	2 063 000	2 065 000	1 916 000	1 933 000
Total Current Debt	20 261 000	18 303 000	10 958 000	10 148 000
Total Equity and Debt	128 938 000	134 536 000	114 191 000	119 430 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,05 %	16,93 %	8,48 %	6,95 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,43 %	19,39 %	14,22 %	12,96 %
Current Ratio	2,65	2,63	3,4	5,12
Quick Ratio	−2,41	−5,67	−3,14	−2,68
Equity Ratio	0,84	0,86	0,9	0,92
Gross Profit Margin	36,96 %	50,68 %	58,47 %	53,81 %