GRIT AS

5122 MORVIK

Finances

Share Ownership

Return on Equity

−19,35 %

Current Ratio

0,65

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 033 000	986 000	638 000	347 000
Net Income	18 000	161 000	159 000	44 000
Total Assets	272 000	232 000	253 000	153 000
Total Equity	−93 000	−111 000	−272 000	−431 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 033 000	986 000	638 000	347 000
Expenditure	1 012 000	750 000	428 000	285 000
Operating Profit	21 000	237 000	210 000	63 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	5 000	5 000
Financial Balance	−3 000	−3 000	−5 000	−5 000
Earnings Before Tax	18 000	233 000	205 000	58 000
Tax	0	72 000	46 000	14 000
Net Income	18 000	161 000	159 000	44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	33 000	23 000	83 000	135 000
Total Current Assets	239 000	209 000	169 000	18 000
Total Assets	272 000	232 000	253 000	153 000
Total Retained Equity	−113 000	−131 000	−292 000	−451 000
Total Equity	−93 000	−111 000	−272 000	−431 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	365 000	342 000	525 000	585 000
Total Equity and Debt	272 000	232 000	253 000	153 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 033 000	986 000	636 000	346 000
Other Income	0	0	1 000	1 000
Revenue	1 033 000	986 000	638 000	347 000
Cost of Goods Sold	191 000	194 000	230 000	92 000
Salary Costs	595 000	283 000	1 000	1 000
Depreciation	13 000	11 000	6 000	1 000
Impairment	0	0	0	0
Expenditure	1 012 000	750 000	428 000	285 000
Operating Profit	21 000	237 000	210 000	63 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	5 000	5 000
Financial Balance	−3 000	−3 000	−5 000	−5 000
Dividends	0	0	0	0
Net Income	18 000	161 000	159 000	44 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	72 000	118 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	5 000	11 000	17 000
Fixtures	33 000	18 000	0	0
Total Tangible Assets	33 000	23 000	11 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	33 000	23 000	83 000	135 000
Stock	62 000	94 000	39 000	40 000
Total Investments	0	0	0	0
Cash, Bank	157 000	100 000	106 000	−40 000
Total Current Assets	239 000	209 000	169 000	18 000
Total Assets	272 000	232 000	253 000	153 000
Total Equity	−93 000	−111 000	−272 000	−431 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	−15 000	0	18 000
Unpaid Taxes	75 000	27 000	25 000	6 000
Dividends	0	0	0	0
Other Current Debt	280 000	331 000	499 000	561 000
Total Current Debt	365 000	342 000	525 000	585 000
Total Equity and Debt	272 000	232 000	253 000	153 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,35 %	−145,05 %	−58,46 %	−10,21 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	2,03 %	24,04 %	32,92 %	18,16 %
Current Ratio	0,65	0,61	0,32	0,03
Quick Ratio	0,79	0,84	0,35	0,03
Equity Ratio	−0,34	−0,48	−1,08	−2,82
Gross Profit Margin	81,51 %	80,32 %	63,95 %	73,49 %