GRAND CANYON OPERATION AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

91,52 %

Current Ratio

1,19

Debt-to-Equity Ratio

1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	150 548 000	37 068 000	7 017 000	118 918 000
Net Income	4 631 000	2 642 000	−8 661 000	−1 211 000
Total Assets	67 785 000	46 925 000	22 847 000	22 179 000
Total Equity	5 060 000	429 000	−2 213 000	6 448 000

Income (NOK)	2022	2021	2020	2019
Revenue	150 548 000	37 068 000	7 017 000	118 918 000
Expenditure	144 825 000	34 822 000	14 739 000	121 440 000
Operating Profit	5 723 000	2 246 000	−7 721 000	−2 523 000
Financial Income	927 000	2 440 000	166 000	1 905 000
Financial Costs	890 000	180 000	1 863 000	926 000
Financial Balance	37 000	2 260 000	−1 697 000	979 000
Earnings Before Tax	5 760 000	4 506 000	−9 418 000	−1 544 000
Tax	1 129 000	1 864 000	−756 000	−333 000
Net Income	4 631 000	2 642 000	−8 661 000	−1 211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	9 313 000
Total Current Assets	67 785 000	46 925 000	22 847 000	12 866 000
Total Assets	67 785 000	46 925 000	22 847 000	22 179 000
Total Retained Equity	4 960 000	329 000	−2 313 000	6 348 000
Total Equity	5 060 000	429 000	−2 213 000	6 448 000
Total Long-Term Debt	5 931 000	5 756 000	5 586 000	6 545 000
Total Current Debt	56 794 000	40 740 000	19 474 000	9 186 000
Total Equity and Debt	67 785 000	46 925 000	22 847 000	22 179 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	150 548 000	36 082 000	6 139 000	118 918 000
Other Income	0	986 000	878 000	0
Revenue	150 548 000	37 068 000	7 017 000	118 918 000
Cost of Goods Sold	0	0	0	0
Salary Costs	24 360 000	7 662 000	−2 007 000	16 266 000
Depreciation	0	0	533 000	3 196 000
Impairment	0	0	0	0
Expenditure	144 825 000	34 822 000	14 739 000	121 440 000
Operating Profit	5 723 000	2 246 000	−7 721 000	−2 523 000
Financial Income	927 000	2 440 000	166 000	1 905 000
Financial Costs	890 000	180 000	1 863 000	926 000
Financial Balance	37 000	2 260 000	−1 697 000	979 000
Dividends	0	0	0	0
Net Income	4 631 000	2 642 000	−8 661 000	−1 211 000

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	0	0	0	9 313 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	9 313 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	9 313 000
Stock	9 317 000	2 460 000	0	229 000
Total Investments	0	0	0	0
Cash, Bank	17 339 000	31 090 000	3 173 000	7 267 000
Total Current Assets	67 785 000	46 925 000	22 847 000	12 866 000
Total Assets	67 785 000	46 925 000	22 847 000	22 179 000
Total Equity	5 060 000	429 000	−2 213 000	6 448 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 931 000	5 756 000	5 586 000	6 545 000
Creditors	49 280 000	37 031 000	12 720 000	6 537 000
Unpaid Taxes	301 000	212 000	1 401 000	1 194 000
Dividends	0	0	0	0
Other Current Debt	6 084 000	2 464 000	5 066 000	1 455 000
Total Current Debt	56 794 000	40 740 000	19 474 000	9 186 000
Total Equity and Debt	67 785 000	46 925 000	22 847 000	22 179 000

Financial indicators	2022	2021	2020	2019
Return on Equity	91,52 %	615,85 %	391,37 %	−18,78 %
Debt-to-Equity Ratio	1,17	13,42	−2,52	1,02
Operating Profit Margin	3,8 %	6,06 %	−110,03 %	−2,12 %
Current Ratio	1,19	1,15	1,17	1,4
Quick Ratio	1,43	1,23	1,17	1,44
Equity Ratio	0,07	0,01	−0,1	0,29
Gross Profit Margin	100 %	100 %	100 %	100 %