GRIMSØY MARINE SERVICE AS

1747 SKJEBERG

Finances

Share Ownership

Return on Equity

115 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2021	2020	2019	2018
Revenue	4 335 000	1 659 000	1 322 000	475 000
Net Income	782 000	3 000	−152 000	−14 000
Total Assets	1 725 000	667 000	289 000	71 000
Total Equity	680 000	−103 000	−106 000	46 000

Income (NOK)	2021	2020	2019	2018
Revenue	4 335 000	1 659 000	1 322 000	475 000
Expenditure	3 342 000	1 612 000	1 455 000	490 000
Operating Profit	993 000	47 000	−134 000	−14 000
Financial Income	1 000	0	0	0
Financial Costs	36 000	44 000	18 000	0
Financial Balance	−35 000	−44 000	−18 000	0
Earnings Before Tax	957 000	3 000	−152 000	−14 000
Tax	175 000	0	0	0
Net Income	782 000	3 000	−152 000	−14 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	762 000	366 000	246 000	0
Total Current Assets	963 000	300 000	43 000	71 000
Total Assets	1 725 000	667 000	289 000	71 000
Total Retained Equity	620 000	−163 000	−166 000	−14 000
Total Equity	680 000	−103 000	−106 000	46 000
Total Long-Term Debt	362 000	413 000	241 000	0
Total Current Debt	684 000	357 000	154 000	25 000
Total Equity and Debt	1 725 000	667 000	289 000	71 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	4 335 000	1 659 000	1 322 000	475 000
Other Income	0	0	0	0
Revenue	4 335 000	1 659 000	1 322 000	475 000
Cost of Goods Sold	1 839 000	712 000	759 000	295 000
Salary Costs	108 000	262 000	342 000	0
Depreciation	126 000	86 000	29 000	0
Impairment	0	0	0	0
Expenditure	3 342 000	1 612 000	1 455 000	490 000
Operating Profit	993 000	47 000	−134 000	−14 000
Financial Income	1 000	0	0	0
Financial Costs	36 000	44 000	18 000	0
Financial Balance	−35 000	−44 000	−18 000	0
Dividends	0	0	0	0
Net Income	782 000	3 000	−152 000	−14 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	750 000	351 000	218 000	0
Total Tangible Assets	750 000	351 000	218 000	0
Total Fiancial Fixed Assets	12 000	15 000	28 000	0
Total Fixed Assets	762 000	366 000	246 000	0
Stock	123 000	175 000	14 000	13 000
Total Investments	0	0	0	0
Cash, Bank	171 000	44 000	7 000	28 000
Total Current Assets	963 000	300 000	43 000	71 000
Total Assets	1 725 000	667 000	289 000	71 000
Total Equity	680 000	−103 000	−106 000	46 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	362 000	413 000	241 000	0
Creditors	318 000	92 000	72 000	0
Unpaid Taxes	35 000	59 000	54 000	15 000
Dividends	0	0	0	0
Other Current Debt	177 000	206 000	29 000	10 000
Total Current Debt	684 000	357 000	154 000	25 000
Total Equity and Debt	1 725 000	667 000	289 000	71 000

Financial indicators	2021	2020	2019	2018
Return on Equity	115 %	−2,91 %	143,4 %	−30,43 %
Debt-to-Equity Ratio	0,53	−4,01	−2,27	0
Operating Profit Margin	22,91 %	2,83 %	−10,14 %	−2,95 %
Current Ratio	1,41	0,84	0,28	2,84
Quick Ratio	1,72	1,65	0,31	5,92
Equity Ratio	0,39	−0,15	−0,37	0,65
Gross Profit Margin	57,58 %	57,08 %	42,59 %	37,89 %