M GRØNVOLD AS

2383 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

94,07 %

Current Ratio

1,13

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	68 949 000	45 327 000	40 201 000	45 253 000
Net Income	3 741 000	1 919 000	857 000	1 423 000
Total Assets	22 660 000	17 424 000	13 628 000	16 877 000
Total Equity	3 977 000	6 036 000	4 117 000	5 760 000

Income (NOK)	2022	2021	2020	2019
Revenue	68 949 000	45 327 000	40 201 000	45 253 000
Expenditure	64 120 000	42 830 000	39 097 000	43 430 000
Operating Profit	4 828 000	2 497 000	1 104 000	1 822 000
Financial Income	4 000	3 000	5 000	8 000
Financial Costs	28 000	36 000	4 000	0
Financial Balance	−24 000	−33 000	1 000	8 000
Earnings Before Tax	4 805 000	2 464 000	1 105 000	1 829 000
Tax	1 064 000	545 000	248 000	406 000
Net Income	3 741 000	1 919 000	857 000	1 423 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 319 000	1 677 000	1 036 000	936 000
Total Current Assets	20 341 000	15 747 000	12 592 000	15 941 000
Total Assets	22 660 000	17 424 000	13 628 000	16 877 000
Total Retained Equity	411 000	2 470 000	551 000	2 194 000
Total Equity	3 977 000	6 036 000	4 117 000	5 760 000
Total Long-Term Debt	623 000	717 000	0	0
Total Current Debt	18 061 000	10 671 000	9 511 000	11 117 000
Total Equity and Debt	22 660 000	17 424 000	13 628 000	16 877 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 438 000	44 833 000	39 964 000	44 955 000
Other Income	511 000	494 000	237 000	297 000
Revenue	68 949 000	45 327 000	40 201 000	45 253 000
Cost of Goods Sold	42 810 000	25 431 000	23 507 000	27 126 000
Salary Costs	14 124 000	12 174 000	11 365 000	11 014 000
Depreciation	410 000	396 000	248 000	244 000
Impairment	0	0	0	0
Expenditure	64 120 000	42 830 000	39 097 000	43 430 000
Operating Profit	4 828 000	2 497 000	1 104 000	1 822 000
Financial Income	4 000	3 000	5 000	8 000
Financial Costs	28 000	36 000	4 000	0
Financial Balance	−24 000	−33 000	1 000	8 000
Dividends	4 300 000	0	1 000 000	0
Net Income	3 741 000	1 919 000	857 000	1 423 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	929 000	521 000	463 000	457 000
Real Eastate	0	0	20 000	58 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 390 000	1 157 000	553 000	421 000
Total Tangible Assets	1 390 000	1 157 000	573 000	479 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 319 000	1 677 000	1 036 000	936 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 769 000	7 574 000	6 325 000	5 964 000
Total Current Assets	20 341 000	15 747 000	12 592 000	15 941 000
Total Assets	22 660 000	17 424 000	13 628 000	16 877 000
Total Equity	3 977 000	6 036 000	4 117 000	5 760 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	623 000	717 000	0	0
Creditors	2 629 000	4 064 000	3 187 000	4 875 000
Unpaid Taxes	2 828 000	1 929 000	1 550 000	2 071 000
Dividends	4 300 000	0	1 000 000	0
Other Current Debt	6 831 000	4 075 000	3 521 000	3 654 000
Total Current Debt	18 061 000	10 671 000	9 511 000	11 117 000
Total Equity and Debt	22 660 000	17 424 000	13 628 000	16 877 000

Financial indicators	2022	2021	2020	2019
Return on Equity	94,07 %	31,79 %	20,82 %	24,7 %
Debt-to-Equity Ratio	0,16	0,12	0	0
Operating Profit Margin	7 %	5,51 %	2,75 %	4,03 %
Current Ratio	1,13	1,48	1,32	1,43
Quick Ratio	1,13	1,48	1,32	1,43
Equity Ratio	0,18	0,35	0,3	0,34
Gross Profit Margin	37,91 %	43,89 %	41,53 %	40,06 %