GROTNES STEEL AS

8626 MO I RANA

Finances

Share Ownership

Return on Equity

26,13 %

Current Ratio

2,25

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 612 000	32 172 000	38 364 000	51 890 000
Net Income	5 688 000	−316 000	911 000	4 251 000
Total Assets	38 367 000	32 178 000	30 454 000	30 573 000
Total Equity	21 771 000	21 771 000	19 708 000	18 796 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 612 000	32 172 000	38 364 000	51 890 000
Expenditure	45 779 000	32 229 000	36 720 000	45 810 000
Operating Profit	7 832 000	−57 000	1 645 000	6 080 000
Financial Income	14 000	209 000	69 000	106 000
Financial Costs	531 000	532 000	544 000	731 000
Financial Balance	−517 000	−323 000	−475 000	−625 000
Earnings Before Tax	7 316 000	−379 000	1 170 000	5 455 000
Tax	1 628 000	−63 000	258 000	1 204 000
Net Income	5 688 000	−316 000	911 000	4 251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 395 000	1 761 000	2 903 000	3 385 000
Total Current Assets	36 971 000	30 417 000	27 550 000	27 189 000
Total Assets	38 367 000	32 178 000	30 454 000	30 573 000
Total Retained Equity	16 241 000	16 241 000	14 178 000	13 266 000
Total Equity	21 771 000	21 771 000	19 708 000	18 796 000
Total Long-Term Debt	145 000	7 191 000	7 191 000	7 191 000
Total Current Debt	16 451 000	3 217 000	3 555 000	4 586 000
Total Equity and Debt	38 367 000	32 178 000	30 454 000	30 573 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 786 000	31 139 000	37 759 000	51 890 000
Other Income	826 000	1 034 000	605 000	0
Revenue	53 612 000	32 172 000	38 364 000	51 890 000
Cost of Goods Sold	25 421 000	15 595 000	19 585 000	25 561 000
Salary Costs	9 532 000	7 372 000	7 091 000	7 850 000
Depreciation	269 000	290 000	303 000	233 000
Impairment	0	0	0	0
Expenditure	45 779 000	32 229 000	36 720 000	45 810 000
Operating Profit	7 832 000	−57 000	1 645 000	6 080 000
Financial Income	14 000	209 000	69 000	106 000
Financial Costs	531 000	532 000	544 000	731 000
Financial Balance	−517 000	−323 000	−475 000	−625 000
Dividends	0	0	0	0
Net Income	5 688 000	−316 000	911 000	4 251 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	345 000	953 000	1 211 000
Real Eastate	179 000	233 000	0	0
Machinery and Plant Facilities	1 044 000	1 029 000	1 918 000	2 154 000
Fixtures	170 000	151 000	29 000	16 000
Total Tangible Assets	1 393 000	1 413 000	1 947 000	2 170 000
Total Fiancial Fixed Assets	3 000	3 000	3 000	4 000
Total Fixed Assets	1 395 000	1 761 000	2 903 000	3 385 000
Stock	21 093 000	16 512 000	16 812 000	15 007 000
Total Investments	0	0	0	0
Cash, Bank	1 467 000	1 617 000	2 990 000	341 000
Total Current Assets	36 971 000	30 417 000	27 550 000	27 189 000
Total Assets	38 367 000	32 178 000	30 454 000	30 573 000
Total Equity	21 771 000	21 771 000	19 708 000	18 796 000
Short-Term Group Debt	2 638 000	0	0	0
Total Long-Term Debt	145 000	7 191 000	7 191 000	7 191 000
Creditors	5 896 000	1 495 000	1 662 000	1 590 000
Unpaid Taxes	1 008 000	970 000	788 000	863 000
Dividends	0	0	0	0
Other Current Debt	1 956 000	752 000	1 105 000	2 101 000
Total Current Debt	16 451 000	3 217 000	3 555 000	4 586 000
Total Equity and Debt	38 367 000	32 178 000	30 454 000	30 573 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,13 %	−1,45 %	4,62 %	22,62 %
Debt-to-Equity Ratio	0,01	0,33	0,36	0,38
Operating Profit Margin	14,61 %	−0,18 %	4,29 %	11,72 %
Current Ratio	2,25	9,46	7,75	5,93
Quick Ratio	−7,96	−2,29	−2,08	−2,61
Equity Ratio	0,57	0,68	0,65	0,61
Gross Profit Margin	52,58 %	51,53 %	48,95 %	50,74 %