GRINDHEIM AS

3940 PORSGRUNN

Finances

Return on Equity

38,78 %

Current Ratio

2,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	946 000	1 339 000	864 000	733 000
Net Income	114 000	150 000	97 000	21 000
Total Assets	459 000	441 000	407 000	219 000
Total Equity	294 000	180 000	30 000	98 000

Income (NOK)	2022	2021	2020	2019
Revenue	946 000	1 339 000	864 000	733 000
Expenditure	781 000	1 125 000	738 000	706 000
Operating Profit	164 000	215 000	126 000	27 000
Financial Income	1 000	2 000	0	0
Financial Costs	14 000	1 000	1 000	1 000
Financial Balance	−13 000	1 000	−1 000	−1 000
Earnings Before Tax	151 000	215 000	125 000	27 000
Tax	36 000	65 000	28 000	6 000
Net Income	114 000	150 000	97 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	77 000	52 000	36 000	44 000
Total Current Assets	382 000	389 000	370 000	175 000
Total Assets	459 000	441 000	407 000	219 000
Total Retained Equity	272 000	158 000	8 000	76 000
Total Equity	294 000	180 000	30 000	98 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	164 000	261 000	377 000	121 000
Total Equity and Debt	459 000	441 000	407 000	219 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	946 000	1 339 000	864 000	719 000
Other Income	0	0	0	14 000
Revenue	946 000	1 339 000	864 000	733 000
Cost of Goods Sold	30 000	30 000	12 000	6 000
Salary Costs	579 000	756 000	616 000	527 000
Depreciation	13 000	6 000	5 000	48 000
Impairment	0	0	0	0
Expenditure	781 000	1 125 000	738 000	706 000
Operating Profit	164 000	215 000	126 000	27 000
Financial Income	1 000	2 000	0	0
Financial Costs	14 000	1 000	1 000	1 000
Financial Balance	−13 000	1 000	−1 000	−1 000
Dividends	0	0	165 000	0
Net Income	114 000	150 000	97 000	21 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	6 000	9 000	11 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	73 000	46 000	27 000	33 000
Total Tangible Assets	73 000	46 000	27 000	33 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	77 000	52 000	36 000	44 000
Stock	0	0	0	0
Total Investments	87 000	100 000	0	0
Cash, Bank	270 000	254 000	350 000	130 000
Total Current Assets	382 000	389 000	370 000	175 000
Total Assets	459 000	441 000	407 000	219 000
Total Equity	294 000	180 000	30 000	98 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	1 000	6 000	0
Unpaid Taxes	67 000	137 000	130 000	67 000
Dividends	0	0	165 000	0
Other Current Debt	58 000	61 000	50 000	43 000
Total Current Debt	164 000	261 000	377 000	121 000
Total Equity and Debt	459 000	441 000	407 000	219 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,78 %	83,33 %	323,33 %	21,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,34 %	16,06 %	14,58 %	3,68 %
Current Ratio	2,33	1,49	0,98	1,45
Quick Ratio	2,33	1,49	0,98	1,45
Equity Ratio	0,64	0,41	0,07	0,45
Gross Profit Margin	96,83 %	97,76 %	98,61 %	99,18 %