GRUMEK SUBSEA AS

5525 HAUGESUND

Finances

Share Ownership

Return on Equity

28,67 %

Current Ratio

4,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 688 000	3 305 000	4 099 000	4 152 000
Net Income	1 549 000	725 000	1 212 000	1 355 000
Total Assets	6 818 000	4 522 000	3 904 000	4 833 000
Total Equity	5 403 000	3 995 000	5 270 000	4 058 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 688 000	3 305 000	4 099 000	4 152 000
Expenditure	3 489 000	2 307 000	2 542 000	2 410 000
Operating Profit	2 199 000	998 000	1 558 000	1 742 000
Financial Income	4 000	−1 000	1 000	1 000
Financial Costs	8 000	4 000	2 000	5 000
Financial Balance	−4 000	−5 000	−1 000	−4 000
Earnings Before Tax	2 195 000	992 000	1 557 000	1 738 000
Tax	646 000	267 000	345 000	383 000
Net Income	1 549 000	725 000	1 212 000	1 355 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	216 000	216 000	275 000	347 000
Total Current Assets	6 602 000	4 306 000	3 629 000	4 486 000
Total Assets	6 818 000	4 522 000	3 904 000	4 833 000
Total Retained Equity	5 303 000	3 895 000	5 170 000	3 958 000
Total Equity	5 403 000	3 995 000	5 270 000	4 058 000
Total Long-Term Debt	25 000	12 000	12 000	12 000
Total Current Debt	1 390 000	514 000	−1 378 000	763 000
Total Equity and Debt	6 818 000	4 522 000	3 904 000	4 833 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 688 000	3 305 000	4 099 000	4 152 000
Other Income	0	0	0	0
Revenue	5 688 000	3 305 000	4 099 000	4 152 000
Cost of Goods Sold	2 028 000	1 053 000	1 029 000	1 043 000
Salary Costs	777 000	864 000	678 000	693 000
Depreciation	57 000	59 000	91 000	121 000
Impairment	0	0	0	0
Expenditure	3 489 000	2 307 000	2 542 000	2 410 000
Operating Profit	2 199 000	998 000	1 558 000	1 742 000
Financial Income	4 000	−1 000	1 000	1 000
Financial Costs	8 000	4 000	2 000	5 000
Financial Balance	−4 000	−5 000	−1 000	−4 000
Dividends	0	0	0	0
Net Income	1 549 000	725 000	1 212 000	1 355 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	29 000	30 000	32 000	0
Machinery and Plant Facilities	0	0	0	46 000
Fixtures	187 000	185 000	243 000	301 000
Total Tangible Assets	216 000	216 000	275 000	347 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	216 000	216 000	275 000	347 000
Stock	83 000	80 000	80 000	120 000
Total Investments	0	0	0	0
Cash, Bank	5 651 000	3 325 000	2 462 000	2 887 000
Total Current Assets	6 602 000	4 306 000	3 629 000	4 486 000
Total Assets	6 818 000	4 522 000	3 904 000	4 833 000
Total Equity	5 403 000	3 995 000	5 270 000	4 058 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 000	12 000	12 000	12 000
Creditors	94 000	−172 000	−86 000	0
Unpaid Taxes	90 000	−10 000	44 000	72 000
Dividends	0	0	0	0
Other Current Debt	737 000	477 000	320 000	300 000
Total Current Debt	1 390 000	514 000	−1 378 000	763 000
Total Equity and Debt	6 818 000	4 522 000	3 904 000	4 833 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,67 %	18,15 %	23 %	33,39 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	38,66 %	30,2 %	38,01 %	41,96 %
Current Ratio	4,75	8,38	−2,63	5,88
Quick Ratio	5,05	9,92	−2,49	6,98
Equity Ratio	0,79	0,88	1,35	0,84
Gross Profit Margin	64,35 %	68,14 %	74,9 %	74,88 %