GRIND TECH AS

6012 ÅLESUND

Finances

Share Ownership

Return on Equity

18,21 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 422 000	3 268 000	2 673 000	3 285 000
Net Income	104 000	180 000	−166 000	379 000
Total Assets	1 508 000	848 000	1 132 000	1 500 000
Total Equity	571 000	468 000	288 000	455 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 422 000	3 268 000	2 673 000	3 285 000
Expenditure	3 282 000	2 984 000	2 856 000	2 769 000
Operating Profit	140 000	282 000	−183 000	516 000
Financial Income	0	0	0	0
Financial Costs	7 000	52 000	34 000	33 000
Financial Balance	−7 000	−52 000	−34 000	−33 000
Earnings Before Tax	133 000	230 000	−216 000	483 000
Tax	29 000	51 000	−50 000	104 000
Net Income	104 000	180 000	−166 000	379 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	347 000	428 000	485 000	497 000
Total Current Assets	1 161 000	420 000	646 000	1 002 000
Total Assets	1 508 000	848 000	1 132 000	1 500 000
Total Retained Equity	541 000	438 000	258 000	425 000
Total Equity	571 000	468 000	288 000	455 000
Total Long-Term Debt	48 000	79 000	113 000	147 000
Total Current Debt	889 000	301 000	731 000	898 000
Total Equity and Debt	1 508 000	848 000	1 132 000	1 500 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 422 000	3 268 000	2 673 000	3 285 000
Other Income	0	0	0	0
Revenue	3 422 000	3 268 000	2 673 000	3 285 000
Cost of Goods Sold	149 000	280 000	358 000	691 000
Salary Costs	1 593 000	1 553 000	1 499 000	1 297 000
Depreciation	80 000	100 000	105 000	96 000
Impairment	0	0	0	0
Expenditure	3 282 000	2 984 000	2 856 000	2 769 000
Operating Profit	140 000	282 000	−183 000	516 000
Financial Income	0	0	0	0
Financial Costs	7 000	52 000	34 000	33 000
Financial Balance	−7 000	−52 000	−34 000	−33 000
Dividends	0	0	0	0
Net Income	104 000	180 000	−166 000	379 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	48 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	117 000	141 000	72 000	0
Fixtures	222 000	277 000	347 000	433 000
Total Tangible Assets	339 000	419 000	419 000	433 000
Total Fiancial Fixed Assets	9 000	9 000	19 000	64 000
Total Fixed Assets	347 000	428 000	485 000	497 000
Stock	46 000	46 000	47 000	47 000
Total Investments	0	0	0	0
Cash, Bank	598 000	258 000	238 000	0
Total Current Assets	1 161 000	420 000	646 000	1 002 000
Total Assets	1 508 000	848 000	1 132 000	1 500 000
Total Equity	571 000	468 000	288 000	455 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	48 000	79 000	113 000	147 000
Creditors	267 000	65 000	208 000	329 000
Unpaid Taxes	374 000	172 000	351 000	178 000
Dividends	0	0	0	0
Other Current Debt	220 000	163 000	87 000	145 000
Total Current Debt	889 000	301 000	731 000	898 000
Total Equity and Debt	1 508 000	848 000	1 132 000	1 500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,21 %	38,46 %	−57,64 %	83,3 %
Debt-to-Equity Ratio	0,08	0,17	0,39	0,32
Operating Profit Margin	4,09 %	8,63 %	−6,85 %	15,71 %
Current Ratio	1,31	1,4	0,88	1,12
Quick Ratio	1,38	1,65	0,94	1,18
Equity Ratio	0,38	0,55	0,25	0,3
Gross Profit Margin	95,65 %	91,43 %	86,61 %	78,96 %