GRIMSTAD ELEKTRO AS

4885 GRIMSTAD

Finances

Share Ownership

Return on Equity

−3,8 %

Current Ratio

3,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	122 000	139 000	480 000	476 000
Net Income	−3 000	4 000	−6 000	62 000
Total Assets	103 000	91 000	226 000	310 000
Total Equity	79 000	82 000	77 000	83 000

Income (NOK)	2022	2021	2020	2019
Revenue	122 000	139 000	480 000	476 000
Expenditure	125 000	132 000	482 000	390 000
Operating Profit	−3 000	7 000	−2 000	86 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	5 000	6 000
Financial Balance	0	−1 000	−5 000	−6 000
Earnings Before Tax	−3 000	6 000	−7 000	80 000
Tax	−1 000	1 000	−2 000	18 000
Net Income	−3 000	4 000	−6 000	62 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 000	9 000	63 000	94 000
Total Current Assets	94 000	83 000	163 000	217 000
Total Assets	103 000	91 000	226 000	310 000
Total Retained Equity	49 000	52 000	47 000	53 000
Total Equity	79 000	82 000	77 000	83 000
Total Long-Term Debt	0	0	53 000	81 000
Total Current Debt	24 000	10 000	96 000	147 000
Total Equity and Debt	103 000	91 000	226 000	310 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	122 000	128 000	480 000	476 000
Other Income	0	11 000	0	0
Revenue	122 000	139 000	480 000	476 000
Cost of Goods Sold	52 000	52 000	176 000	103 000
Salary Costs	5 000	5 000	133 000	143 000
Depreciation	0	0	32 000	32 000
Impairment	0	0	0	0
Expenditure	125 000	132 000	482 000	390 000
Operating Profit	−3 000	7 000	−2 000	86 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	5 000	6 000
Financial Balance	0	−1 000	−5 000	−6 000
Dividends	0	0	0	0
Net Income	−3 000	4 000	−6 000	62 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	9 000	10 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	53 000	85 000
Total Tangible Assets	0	0	53 000	85 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 000	9 000	63 000	94 000
Stock	17 000	21 000	23 000	30 000
Total Investments	0	0	0	0
Cash, Bank	76 000	56 000	133 000	167 000
Total Current Assets	94 000	83 000	163 000	217 000
Total Assets	103 000	91 000	226 000	310 000
Total Equity	79 000	82 000	77 000	83 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	53 000	81 000
Creditors	11 000	2 000	18 000	10 000
Unpaid Taxes	5 000	4 000	53 000	98 000
Dividends	0	0	0	0
Other Current Debt	9 000	3 000	25 000	38 000
Total Current Debt	24 000	10 000	96 000	147 000
Total Equity and Debt	103 000	91 000	226 000	310 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,8 %	4,88 %	−7,79 %	74,7 %
Debt-to-Equity Ratio	0	0	0,69	0,98
Operating Profit Margin	−2,46 %	5,04 %	−0,42 %	18,07 %
Current Ratio	3,92	8,3	1,7	1,48
Quick Ratio	13,43	−7,55	2,23	1,85
Equity Ratio	0,77	0,9	0,34	0,27
Gross Profit Margin	57,38 %	62,59 %	63,33 %	78,36 %