GRASBEND AS

2720 GRINDVOLL

Finances

Share Ownership

Return on Equity

16,85 %

Current Ratio

0,04

Debt-to-Equity Ratio

−33,92

Key figures (NOK)	2022	2021	2020
Revenue	274 000	182 000	184 000
Net Income	−15 000	−108 000	49 000
Total Assets	4 068 000	4 110 000	4 137 000
Total Equity	−89 000	−74 000	34 000

Income (NOK)	2022	2021	2020
Revenue	274 000	182 000	184 000
Expenditure	161 000	183 000	51 000
Operating Profit	113 000	−1 000	133 000
Financial Income	0	0	0
Financial Costs	127 000	107 000	70 000
Financial Balance	−127 000	−107 000	−70 000
Earnings Before Tax	−15 000	−108 000	63 000
Tax	0	0	14 000
Net Income	−15 000	−108 000	49 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	4 029 000	4 029 000	4 101 000
Total Current Assets	40 000	82 000	36 000
Total Assets	4 068 000	4 110 000	4 137 000
Total Retained Equity	−113 000	−99 000	9 000
Total Equity	−89 000	−74 000	34 000
Total Long-Term Debt	3 019 000	3 019 000	3 125 000
Total Current Debt	1 139 000	1 166 000	978 000
Total Equity and Debt	4 068 000	4 110 000	4 137 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	274 000	182 000	184 000
Revenue	274 000	182 000	184 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	161 000	183 000	51 000
Operating Profit	113 000	−1 000	133 000
Financial Income	0	0	0
Financial Costs	127 000	107 000	70 000
Financial Balance	−127 000	−107 000	−70 000
Dividends	0	0	0
Net Income	−15 000	−108 000	49 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	4 029 000	4 029 000	4 101 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	4 029 000	4 029 000	4 101 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	4 029 000	4 029 000	4 101 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	40 000	60 000	8 000
Total Current Assets	40 000	82 000	36 000
Total Assets	4 068 000	4 110 000	4 137 000
Total Equity	−89 000	−74 000	34 000
Short-Term Group Debt	1 135 000	0	0
Total Long-Term Debt	3 019 000	3 019 000	3 125 000
Creditors	4 000	9 000	20 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	0	1 157 000	944 000
Total Current Debt	1 139 000	1 166 000	978 000
Total Equity and Debt	4 068 000	4 110 000	4 137 000

Financial indicators	2022	2021	2020
Return on Equity	16,85 %	145,95 %	144,12 %
Debt-to-Equity Ratio	−33,92	−40,8	91,91
Operating Profit Margin	41,24 %	−0,55 %	72,28 %
Current Ratio	0,04	0,07	0,04
Quick Ratio	0,04	0,07	0,04
Equity Ratio	−0,02	−0,02	0,01
Gross Profit Margin	100 %	100 %	100 %