MARITA GRØNSTAD AS

5590 ETNE

Finances

Share Ownership

Return on Equity

19,5 %

Current Ratio

3,19

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 067 000	6 745 000	5 106 000	3 553 000
Net Income	376 000	744 000	449 000	182 000
Total Assets	2 995 000	2 736 000	1 869 000	1 290 000
Total Equity	1 928 000	1 552 000	808 000	359 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 067 000	6 745 000	5 106 000	3 553 000
Expenditure	6 578 000	5 776 000	4 509 000	3 306 000
Operating Profit	489 000	969 000	597 000	247 000
Financial Income	3 000	1 000	1 000	0
Financial Costs	9 000	15 000	21 000	11 000
Financial Balance	−6 000	−14 000	−20 000	−11 000
Earnings Before Tax	482 000	956 000	576 000	236 000
Tax	106 000	212 000	127 000	54 000
Net Income	376 000	744 000	449 000	182 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	62 000	37 000	54 000
Total Current Assets	2 921 000	2 673 000	1 832 000	1 236 000
Total Assets	2 995 000	2 736 000	1 869 000	1 290 000
Total Retained Equity	1 828 000	1 452 000	708 000	259 000
Total Equity	1 928 000	1 552 000	808 000	359 000
Total Long-Term Debt	150 000	278 000	382 000	191 000
Total Current Debt	917 000	905 000	678 000	741 000
Total Equity and Debt	2 995 000	2 736 000	1 869 000	1 290 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 067 000	6 745 000	5 097 000	3 553 000
Other Income	0	0	10 000	0
Revenue	7 067 000	6 745 000	5 106 000	3 553 000
Cost of Goods Sold	4 133 000	3 624 000	2 793 000	1 968 000
Salary Costs	1 516 000	1 356 000	1 124 000	804 000
Depreciation	14 000	17 000	17 000	17 000
Impairment	0	0	0	0
Expenditure	6 578 000	5 776 000	4 509 000	3 306 000
Operating Profit	489 000	969 000	597 000	247 000
Financial Income	3 000	1 000	1 000	0
Financial Costs	9 000	15 000	21 000	11 000
Financial Balance	−6 000	−14 000	−20 000	−11 000
Dividends	0	0	0	0
Net Income	376 000	744 000	449 000	182 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	2 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	20 000	37 000	54 000
Total Tangible Assets	6 000	20 000	37 000	54 000
Total Fiancial Fixed Assets	40 000	40 000	0	0
Total Fixed Assets	74 000	62 000	37 000	54 000
Stock	1 690 000	1 618 000	1 193 000	808 000
Total Investments	0	0	0	0
Cash, Bank	1 280 000	1 074 000	680 000	447 000
Total Current Assets	2 921 000	2 673 000	1 832 000	1 236 000
Total Assets	2 995 000	2 736 000	1 869 000	1 290 000
Total Equity	1 928 000	1 552 000	808 000	359 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	150 000	278 000	382 000	191 000
Creditors	367 000	271 000	207 000	395 000
Unpaid Taxes	263 000	245 000	203 000	184 000
Dividends	0	0	0	0
Other Current Debt	155 000	174 000	139 000	106 000
Total Current Debt	917 000	905 000	678 000	741 000
Total Equity and Debt	2 995 000	2 736 000	1 869 000	1 290 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,5 %	47,94 %	55,57 %	50,7 %
Debt-to-Equity Ratio	0,08	0,18	0,47	0,53
Operating Profit Margin	6,92 %	14,37 %	11,69 %	6,95 %
Current Ratio	3,19	2,95	2,7	1,67
Quick Ratio	−3,78	−3,75	−3,56	−18,45
Equity Ratio	0,64	0,57	0,43	0,28
Gross Profit Margin	41,52 %	46,27 %	45,3 %	44,61 %