GRIMSTAD GARVERI AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

6,75 %

Current Ratio

0,93

Debt-to-Equity Ratio

5,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 642 000	1 565 000	1 320 000	566 000
Net Income	184 000	288 000	161 000	−117 000
Total Assets	17 520 000	17 560 000	17 627 000	16 988 000
Total Equity	2 726 000	2 734 000	2 541 000	2 380 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 642 000	1 565 000	1 320 000	566 000
Expenditure	927 000	905 000	772 000	396 000
Operating Profit	715 000	660 000	547 000	170 000
Financial Income	85 000	51 000	49 000	0
Financial Costs	565 000	341 000	390 000	321 000
Financial Balance	−480 000	−290 000	−341 000	−321 000
Earnings Before Tax	235 000	370 000	206 000	−150 000
Tax	52 000	81 000	45 000	−33 000
Net Income	184 000	288 000	161 000	−117 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 049 000	17 268 000	17 040 000	12 810 000
Total Current Assets	472 000	292 000	587 000	4 178 000
Total Assets	17 520 000	17 560 000	17 627 000	16 988 000
Total Retained Equity	196 000	204 000	11 000	−150 000
Total Equity	2 726 000	2 734 000	2 541 000	2 380 000
Total Long-Term Debt	14 290 000	14 412 000	14 701 000	14 000 000
Total Current Debt	505 000	415 000	386 000	608 000
Total Equity and Debt	17 520 000	17 560 000	17 627 000	16 988 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 642 000	1 565 000	1 320 000	566 000
Revenue	1 642 000	1 565 000	1 320 000	566 000
Cost of Goods Sold	28 000	39 000	0	0
Salary Costs	0	0	0	0
Depreciation	305 000	304 000	276 000	230 000
Impairment	0	0	0	0
Expenditure	927 000	905 000	772 000	396 000
Operating Profit	715 000	660 000	547 000	170 000
Financial Income	85 000	51 000	49 000	0
Financial Costs	565 000	341 000	390 000	321 000
Financial Balance	−480 000	−290 000	−341 000	−321 000
Dividends	0	0	0	0
Net Income	184 000	288 000	161 000	−117 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	45 000
Real Eastate	14 114 000	14 419 000	14 492 000	12 766 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	14 114 000	14 419 000	14 492 000	12 766 000
Total Fiancial Fixed Assets	2 935 000	2 849 000	2 548 000	0
Total Fixed Assets	17 049 000	17 268 000	17 040 000	12 810 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	456 000	290 000	587 000	4 153 000
Total Current Assets	472 000	292 000	587 000	4 178 000
Total Assets	17 520 000	17 560 000	17 627 000	16 988 000
Total Equity	2 726 000	2 734 000	2 541 000	2 380 000
Short-Term Group Debt	246 000	122 000	0	0
Total Long-Term Debt	14 290 000	14 412 000	14 701 000	14 000 000
Creditors	36 000	66 000	72 000	430 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	223 000	227 000	314 000	178 000
Total Current Debt	505 000	415 000	386 000	608 000
Total Equity and Debt	17 520 000	17 560 000	17 627 000	16 988 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,75 %	10,53 %	6,34 %	−4,92 %
Debt-to-Equity Ratio	5,24	5,27	5,79	5,88
Operating Profit Margin	43,54 %	42,17 %	41,44 %	30,04 %
Current Ratio	0,93	0,7	1,52	6,87
Quick Ratio	0,93	0,7	1,52	6,87
Equity Ratio	0,16	0,16	0,14	0,14
Gross Profit Margin	98,29 %	97,51 %	100 %	100 %