GRØNVOLD SHE AS

8800 SANDNESSJØEN

Finances

Return on Equity

50,13 %

Current Ratio

1,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 499 000	2 517 000	1 900 000	1 498 000
Net Income	787 000	640 000	284 000	257 000
Total Assets	2 287 000	1 659 000	793 000	553 000
Total Equity	1 570 000	1 011 000	436 000	152 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 499 000	2 517 000	1 900 000	1 498 000
Expenditure	2 489 000	1 696 000	1 535 000	1 226 000
Operating Profit	1 009 000	821 000	365 000	273 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	−1 000	−1 000	0	0
Earnings Before Tax	1 009 000	821 000	365 000	272 000
Tax	222 000	181 000	80 000	16 000
Net Income	787 000	640 000	284 000	257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 199 000	1 129 000	0	0
Total Current Assets	1 087 000	530 000	793 000	553 000
Total Assets	2 287 000	1 659 000	793 000	553 000
Total Retained Equity	1 540 000	981 000	406 000	122 000
Total Equity	1 570 000	1 011 000	436 000	152 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	714 000	648 000	357 000	401 000
Total Equity and Debt	2 287 000	1 659 000	793 000	553 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 499 000	2 517 000	1 863 000	1 498 000
Other Income	0	0	37 000	0
Revenue	3 499 000	2 517 000	1 900 000	1 498 000
Cost of Goods Sold	631 000	490 000	327 000	196 000
Salary Costs	767 000	370 000	475 000	453 000
Depreciation	5 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 489 000	1 696 000	1 535 000	1 226 000
Operating Profit	1 009 000	821 000	365 000	273 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	0	0
Financial Balance	−1 000	−1 000	0	0
Dividends	227 000	0	0	0
Net Income	787 000	640 000	284 000	257 000

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	51 000	0	0	0
Fixtures	20 000	0	0	0
Total Tangible Assets	70 000	0	0	0
Total Fiancial Fixed Assets	1 129 000	1 129 000	0	0
Total Fixed Assets	1 199 000	1 129 000	0	0
Stock	104 000	53 000	0	0
Total Investments	0	0	0	0
Cash, Bank	175 000	102 000	553 000	400 000
Total Current Assets	1 087 000	530 000	793 000	553 000
Total Assets	2 287 000	1 659 000	793 000	553 000
Total Equity	1 570 000	1 011 000	436 000	152 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	69 000	193 000	91 000	141 000
Unpaid Taxes	240 000	122 000	80 000	92 000
Dividends	227 000	0	0	0
Other Current Debt	186 000	171 000	105 000	152 000
Total Current Debt	714 000	648 000	357 000	401 000
Total Equity and Debt	2 287 000	1 659 000	793 000	553 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,13 %	63,3 %	65,14 %	169,08 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	28,84 %	32,62 %	19,21 %	18,22 %
Current Ratio	1,52	0,82	2,22	1,38
Quick Ratio	1,78	0,89	2,22	1,38
Equity Ratio	0,69	0,61	0,55	0,27
Gross Profit Margin	81,97 %	80,53 %	82,79 %	86,92 %