GRAND CANYON OPERATION 3 AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

52,93 %

Current Ratio

1,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	142 744 000	129 106 000	140 772 000	132 332 000
Net Income	2 727 000	−8 940 000	5 612 000	1 907 000
Total Assets	28 886 000	21 583 000	32 743 000	21 832 000
Total Equity	5 152 000	2 425 000	11 365 000	5 753 000

Income (NOK)	2022	2021	2020	2019
Revenue	142 744 000	129 106 000	140 772 000	132 332 000
Expenditure	140 227 000	134 775 000	133 851 000	130 213 000
Operating Profit	2 517 000	−5 669 000	6 922 000	2 119 000
Financial Income	1 365 000	594 000	430 000	807 000
Financial Costs	335 000	4 852 000	117 000	474 000
Financial Balance	1 030 000	−4 258 000	313 000	333 000
Earnings Before Tax	3 547 000	−9 927 000	7 235 000	2 452 000
Tax	820 000	−987 000	1 623 000	545 000
Net Income	2 727 000	−8 940 000	5 612 000	1 907 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	348 000	1 168 000	0	129 000
Total Current Assets	28 538 000	20 415 000	32 743 000	21 703 000
Total Assets	28 886 000	21 583 000	32 743 000	21 832 000
Total Retained Equity	5 052 000	2 325 000	11 265 000	5 653 000
Total Equity	5 152 000	2 425 000	11 365 000	5 753 000
Total Long-Term Debt	0	0	0	586 000
Total Current Debt	23 734 000	19 158 000	21 378 000	15 494 000
Total Equity and Debt	28 886 000	21 583 000	32 743 000	21 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	142 744 000	129 106 000	140 772 000	132 332 000
Other Income	0	0	0	0
Revenue	142 744 000	129 106 000	140 772 000	132 332 000
Cost of Goods Sold	0	0	0	0
Salary Costs	18 089 000	16 515 000	16 527 000	17 376 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	140 227 000	134 775 000	133 851 000	130 213 000
Operating Profit	2 517 000	−5 669 000	6 922 000	2 119 000
Financial Income	1 365 000	594 000	430 000	807 000
Financial Costs	335 000	4 852 000	117 000	474 000
Financial Balance	1 030 000	−4 258 000	313 000	333 000
Dividends	0	0	0	0
Net Income	2 727 000	−8 940 000	5 612 000	1 907 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	348 000	1 168 000	0	129 000
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	348 000	1 168 000	0	129 000
Stock	406 000	374 000	395 000	215 000
Total Investments	0	0	0	0
Cash, Bank	12 641 000	4 928 000	11 793 000	7 718 000
Total Current Assets	28 538 000	20 415 000	32 743 000	21 703 000
Total Assets	28 886 000	21 583 000	32 743 000	21 832 000
Total Equity	5 152 000	2 425 000	11 365 000	5 753 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	586 000
Creditors	15 259 000	11 254 000	13 792 000	9 655 000
Unpaid Taxes	1 435 000	1 298 000	1 336 000	1 262 000
Dividends	0	0	0	0
Other Current Debt	7 040 000	6 606 000	6 250 000	4 577 000
Total Current Debt	23 734 000	19 158 000	21 378 000	15 494 000
Total Equity and Debt	28 886 000	21 583 000	32 743 000	21 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,93 %	−368,66 %	49,38 %	33,15 %
Debt-to-Equity Ratio	0	0	0	0,1
Operating Profit Margin	1,76 %	−4,39 %	4,92 %	1,6 %
Current Ratio	1,2	1,07	1,53	1,4
Quick Ratio	1,22	1,09	1,56	1,42
Equity Ratio	0,18	0,11	0,35	0,26
Gross Profit Margin	100 %	100 %	100 %	100 %