GRANZOW AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

−43,7 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	24 372 000	24 537 000	27 355 000	25 749 000
Net Income	−1 200 000	−502 000	2 311 000	678 000
Total Assets	8 075 000	12 356 000	12 428 000	13 205 000
Total Equity	2 746 000	3 946 000	4 448 000	2 137 000

Income (NOK)	2023	2022	2021	2020
Revenue	24 372 000	24 537 000	27 355 000	25 749 000
Expenditure	25 230 000	25 015 000	25 204 000	24 479 000
Operating Profit	−857 000	−477 000	2 151 000	1 269 000
Financial Income	548 000	574 000	1 093 000	294 000
Financial Costs	890 000	599 000	933 000	885 000
Financial Balance	−342 000	−25 000	160 000	−591 000
Earnings Before Tax	−1 200 000	−502 000	2 311 000	678 000
Tax	0	0	0	0
Net Income	−1 200 000	−502 000	2 311 000	678 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	302 000	225 000	225 000	225 000
Total Current Assets	7 772 000	12 131 000	12 203 000	12 980 000
Total Assets	8 075 000	12 356 000	12 428 000	13 205 000
Total Retained Equity	1 646 000	2 846 000	3 348 000	1 037 000
Total Equity	2 746 000	3 946 000	4 448 000	2 137 000
Total Long-Term Debt	0	0	490 000	2 098 000
Total Current Debt	5 328 000	8 410 000	7 490 000	8 970 000
Total Equity and Debt	8 075 000	12 356 000	12 428 000	13 205 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	24 372 000	24 537 000	27 355 000	25 749 000
Other Income	0	0	0	0
Revenue	24 372 000	24 537 000	27 355 000	25 749 000
Cost of Goods Sold	13 185 000	13 725 000	14 885 000	13 426 000
Salary Costs	7 710 000	7 285 000	6 964 000	7 356 000
Depreciation	12 000	0	0	0
Impairment	0	0	0	0
Expenditure	25 230 000	25 015 000	25 204 000	24 479 000
Operating Profit	−857 000	−477 000	2 151 000	1 269 000
Financial Income	548 000	574 000	1 093 000	294 000
Financial Costs	890 000	599 000	933 000	885 000
Financial Balance	−342 000	−25 000	160 000	−591 000
Dividends	0	0	0	0
Net Income	−1 200 000	−502 000	2 311 000	678 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	225 000	225 000	225 000	225 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	77 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	77 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	302 000	225 000	225 000	225 000
Stock	3 027 000	2 877 000	2 104 000	1 836 000
Total Investments	0	0	0	0
Cash, Bank	1 348 000	2 454 000	5 461 000	2 916 000
Total Current Assets	7 772 000	12 131 000	12 203 000	12 980 000
Total Assets	8 075 000	12 356 000	12 428 000	13 205 000
Total Equity	2 746 000	3 946 000	4 448 000	2 137 000
Short-Term Group Debt	104 000	284 000	1 175 000	0
Total Long-Term Debt	0	0	490 000	2 098 000
Creditors	2 015 000	3 555 000	2 381 000	3 718 000
Unpaid Taxes	1 108 000	1 814 000	1 862 000	2 866 000
Dividends	0	0	0	0
Other Current Debt	2 101 000	2 756 000	2 072 000	2 386 000
Total Current Debt	5 328 000	8 410 000	7 490 000	8 970 000
Total Equity and Debt	8 075 000	12 356 000	12 428 000	13 205 000

Financial indicators	2023	2022	2021	2020
Return on Equity	−43,7 %	−12,72 %	51,96 %	31,73 %
Debt-to-Equity Ratio	0	0	0,11	0,98
Operating Profit Margin	−3,52 %	−1,94 %	7,86 %	4,93 %
Current Ratio	1,46	1,44	1,63	1,45
Quick Ratio	3,38	2,19	2,27	1,82
Equity Ratio	0,34	0,32	0,36	0,16
Gross Profit Margin	45,9 %	44,06 %	45,59 %	47,86 %