GRAND CANYON OPERATION 2 AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

−12,8 %

Current Ratio

1,9

Debt-to-Equity Ratio

8,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	104 106 000	100 837 000	133 475 000	133 802 000
Net Income	−188 000	576 000	2 810 000	1 081 000
Total Assets	29 398 000	19 887 000	27 880 000	22 889 000
Total Equity	1 469 000	1 657 000	1 080 000	−1 729 000

Income (NOK)	2022	2021	2020	2019
Revenue	104 106 000	100 837 000	133 475 000	133 802 000
Expenditure	105 317 000	100 813 000	129 526 000	132 028 000
Operating Profit	−1 211 000	24 000	3 949 000	1 775 000
Financial Income	1 750 000	1 168 000	84 000	102 000
Financial Costs	770 000	474 000	423 000	481 000
Financial Balance	980 000	694 000	−339 000	−379 000
Earnings Before Tax	−230 000	718 000	3 610 000	1 395 000
Tax	−42 000	142 000	800 000	314 000
Net Income	−188 000	576 000	2 810 000	1 081 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 000	0	0	429 000
Total Current Assets	29 356 000	19 887 000	27 880 000	22 460 000
Total Assets	29 398 000	19 887 000	27 880 000	22 889 000
Total Retained Equity	1 369 000	1 557 000	980 000	−1 829 000
Total Equity	1 469 000	1 657 000	1 080 000	−1 729 000
Total Long-Term Debt	12 510 000	12 141 000	11 783 000	12 378 000
Total Current Debt	15 419 000	6 090 000	15 017 000	12 240 000
Total Equity and Debt	29 398 000	19 887 000	27 880 000	22 889 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	104 106 000	100 837 000	133 475 000	133 802 000
Other Income	0	0	0	0
Revenue	104 106 000	100 837 000	133 475 000	133 802 000
Cost of Goods Sold	0	0	0	0
Salary Costs	16 460 000	15 623 000	13 656 000	16 157 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	105 317 000	100 813 000	129 526 000	132 028 000
Operating Profit	−1 211 000	24 000	3 949 000	1 775 000
Financial Income	1 750 000	1 168 000	84 000	102 000
Financial Costs	770 000	474 000	423 000	481 000
Financial Balance	980 000	694 000	−339 000	−379 000
Dividends	0	0	0	0
Net Income	−188 000	576 000	2 810 000	1 081 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	42 000	0	0	429 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	42 000	0	0	429 000
Stock	478 000	252 000	401 000	176 000
Total Investments	0	0	0	0
Cash, Bank	2 184 000	2 679 000	13 124 000	4 907 000
Total Current Assets	29 356 000	19 887 000	27 880 000	22 460 000
Total Assets	29 398 000	19 887 000	27 880 000	22 889 000
Total Equity	1 469 000	1 657 000	1 080 000	−1 729 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 510 000	12 141 000	11 783 000	12 378 000
Creditors	6 570 000	2 922 000	12 624 000	9 732 000
Unpaid Taxes	1 547 000	1 754 000	1 318 000	1 764 000
Dividends	0	0	0	0
Other Current Debt	7 302 000	1 272 000	704 000	744 000
Total Current Debt	15 419 000	6 090 000	15 017 000	12 240 000
Total Equity and Debt	29 398 000	19 887 000	27 880 000	22 889 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,8 %	34,76 %	260,19 %	−62,52 %
Debt-to-Equity Ratio	8,52	7,33	10,91	−7,16
Operating Profit Margin	−1,16 %	0,02 %	2,96 %	1,33 %
Current Ratio	1,9	3,27	1,86	1,83
Quick Ratio	1,96	3,41	1,91	1,86
Equity Ratio	0,05	0,08	0,04	−0,08
Gross Profit Margin	100 %	100 %	100 %	100 %