GRINDHEIM REKNESKAPSKONTOR Åge Grindheim

5590 ETNE

Finances

Share Ownership

Return on Equity

213 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 805 000	2 833 000	2 771 000	2 912 000
Net Income	1 278 000	1 431 000	1 435 000	1 345 000
Total Assets	1 111 000	936 000	949 000	1 057 000
Total Equity	600 000	365 000	400 000	520 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 805 000	2 833 000	2 771 000	2 912 000
Expenditure	1 527 000	1 402 000	1 340 000	1 574 000
Operating Profit	1 277 000	1 430 000	1 435 000	1 345 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	1 278 000	1 431 000	1 435 000	1 345 000
Tax	0	0	0	0
Net Income	1 278 000	1 431 000	1 435 000	1 345 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	53 000	54 000	65 000	111 000
Total Current Assets	1 057 000	882 000	885 000	946 000
Total Assets	1 111 000	936 000	949 000	1 057 000
Total Retained Equity	600 000	365 000	400 000	520 000
Total Equity	600 000	365 000	400 000	520 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	511 000	572 000	549 000	538 000
Total Equity and Debt	1 111 000	936 000	949 000	1 057 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 803 000	2 833 000	2 771 000	2 905 000
Other Income	2 000	0	0	7 000
Revenue	2 805 000	2 833 000	2 771 000	2 912 000
Cost of Goods Sold	0	0	0	0
Salary Costs	777 000	793 000	770 000	951 000
Depreciation	30 000	30 000	47 000	50 000
Impairment	0	0	0	0
Expenditure	1 527 000	1 402 000	1 340 000	1 574 000
Operating Profit	1 277 000	1 430 000	1 435 000	1 345 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	1 278 000	1 431 000	1 435 000	1 345 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 000	21 000	29 000	37 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	40 000	33 000	36 000	75 000
Total Tangible Assets	53 000	54 000	65 000	111 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	53 000	54 000	65 000	111 000
Stock	0	0	118 000	114 000
Total Investments	0	0	0	0
Cash, Bank	32 000	95 000	107 000	203 000
Total Current Assets	1 057 000	882 000	885 000	946 000
Total Assets	1 111 000	936 000	949 000	1 057 000
Total Equity	600 000	365 000	400 000	520 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	122 000	196 000	156 000	120 000
Unpaid Taxes	237 000	191 000	219 000	240 000
Dividends	0	0	0	0
Other Current Debt	152 000	184 000	173 000	177 000
Total Current Debt	511 000	572 000	549 000	538 000
Total Equity and Debt	1 111 000	936 000	949 000	1 057 000

Financial indicators	2022	2021	2020	2019
Return on Equity	213 %	392,05 %	358,75 %	258,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	45,53 %	50,48 %	51,79 %	46,19 %
Current Ratio	2,07	1,54	1,61	1,76
Quick Ratio	2,07	1,54	2,05	2,23
Equity Ratio	0,54	0,39	0,42	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %