GRUNNÅI KRAFTVERK AS

3915 PORSGRUNN

Finances

Share Ownership

Return on Equity

31,36 %

Current Ratio

1,06

Debt-to-Equity Ratio

1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	90 038 000	37 527 000	6 045 000	16 151 000
Net Income	23 465 000	11 134 000	−2 081 000	2 522 000
Total Assets	219 826 000	171 163 000	159 416 000	158 789 000
Total Equity	74 817 000	51 352 000	40 219 000	42 300 000

Income (NOK)	2022	2021	2020	2019
Revenue	90 038 000	37 527 000	6 045 000	16 151 000
Expenditure	11 576 000	7 167 000	7 112 000	5 284 000
Operating Profit	78 462 000	30 359 000	−1 066 000	10 868 000
Financial Income	610 000	35 000	20 000	0
Financial Costs	2 652 000	1 915 000	2 558 000	3 113 000
Financial Balance	−2 042 000	−1 880 000	−2 538 000	−3 113 000
Earnings Before Tax	76 421 000	28 480 000	−3 605 000	7 755 000
Tax	52 956 000	17 346 000	−1 524 000	5 233 000
Net Income	23 465 000	11 134 000	−2 081 000	2 522 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	147 897 000	151 834 000	155 641 000	156 557 000
Total Current Assets	71 928 000	19 329 000	3 774 000	2 232 000
Total Assets	219 826 000	171 163 000	159 416 000	158 789 000
Total Retained Equity	63 027 000	39 562 000	0	30 510 000
Total Equity	74 817 000	51 352 000	40 219 000	42 300 000
Total Long-Term Debt	77 373 000	100 397 000	4 520 000	76 544 000
Total Current Debt	67 636 000	19 414 000	114 677 000	39 945 000
Total Equity and Debt	219 826 000	171 163 000	159 416 000	158 789 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	89 536 000	38 166 000	6 700 000	16 977 000
Other Income	502 000	−639 000	−655 000	−826 000
Revenue	90 038 000	37 527 000	6 045 000	16 151 000
Cost of Goods Sold	0	0	164 000	0
Salary Costs	0	0	0	0
Depreciation	3 699 000	3 621 000	3 574 000	2 625 000
Impairment	0	0	0	0
Expenditure	11 576 000	7 167 000	7 112 000	5 284 000
Operating Profit	78 462 000	30 359 000	−1 066 000	10 868 000
Financial Income	610 000	35 000	20 000	0
Financial Costs	2 652 000	1 915 000	2 558 000	3 113 000
Financial Balance	−2 042 000	−1 880 000	−2 538 000	−3 113 000
Dividends	0	0	0	0
Net Income	23 465 000	11 134 000	−2 081 000	2 522 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 632 000	2 882 000	3 916 000	3 747 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	145 266 000	148 953 000	151 725 000	152 810 000
Fixtures	0	0	0	0
Total Tangible Assets	145 266 000	148 953 000	151 725 000	152 810 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	147 897 000	151 834 000	155 641 000	156 557 000
Stock	79 000	111 000	35 000	42 000
Total Investments	0	0	0	0
Cash, Bank	65 431 000	16 156 000	0	962 000
Total Current Assets	71 928 000	19 329 000	3 774 000	2 232 000
Total Assets	219 826 000	171 163 000	159 416 000	158 789 000
Total Equity	74 817 000	51 352 000	40 219 000	42 300 000
Short-Term Group Debt	0	0	41 493 000	28 629 000
Total Long-Term Debt	77 373 000	100 397 000	4 520 000	76 544 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	14 955 000	3 810 000	629 000	3 087 000
Total Current Debt	67 636 000	19 414 000	114 677 000	39 945 000
Total Equity and Debt	219 826 000	171 163 000	159 416 000	158 789 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,36 %	21,68 %	−5,17 %	5,96 %
Debt-to-Equity Ratio	1,03	1,96	0,11	1,81
Operating Profit Margin	87,14 %	80,9 %	−17,63 %	67,29 %
Current Ratio	1,06	1	0,03	0,06
Quick Ratio	1,06	1	0,03	0,06
Equity Ratio	0,34	0,3	0,25	0,27
Gross Profit Margin	100 %	100 %	97,29 %	100 %