GRIMMERMAT AS

6002 ÅLESUND

Finances

Return on Equity

35,5 %

Current Ratio

2,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	74 850 000	68 656 000	69 327 000	70 150 000
Net Income	4 521 000	3 507 000	3 988 000	3 460 000
Total Assets	22 572 000	18 969 000	18 709 000	16 867 000
Total Equity	12 736 000	11 715 000	10 709 000	9 720 000

Income (NOK)	2022	2021	2020	2019
Revenue	74 850 000	68 656 000	69 327 000	70 150 000
Expenditure	69 383 000	64 292 000	64 353 000	65 925 000
Operating Profit	5 467 000	4 365 000	4 973 000	4 225 000
Financial Income	314 000	123 000	135 000	202 000
Financial Costs	0	6 000	4 000	2 000
Financial Balance	314 000	117 000	131 000	200 000
Earnings Before Tax	5 781 000	4 482 000	5 104 000	4 425 000
Tax	1 261 000	975 000	1 116 000	965 000
Net Income	4 521 000	3 507 000	3 988 000	3 460 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 136 000	1 198 000	726 000	742 000
Total Current Assets	21 436 000	17 771 000	17 982 000	16 125 000
Total Assets	22 572 000	18 969 000	18 709 000	16 867 000
Total Retained Equity	11 936 000	10 915 000	9 909 000	8 920 000
Total Equity	12 736 000	11 715 000	10 709 000	9 720 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 836 000	7 254 000	8 000 000	7 147 000
Total Equity and Debt	22 572 000	18 969 000	18 709 000	16 867 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	74 699 000	68 553 000	69 227 000	70 074 000
Other Income	151 000	103 000	100 000	76 000
Revenue	74 850 000	68 656 000	69 327 000	70 150 000
Cost of Goods Sold	51 552 000	47 625 000	47 910 000	48 434 000
Salary Costs	8 750 000	8 019 000	7 765 000	8 460 000
Depreciation	263 000	191 000	111 000	130 000
Impairment	0	0	0	3 000
Expenditure	69 383 000	64 292 000	64 353 000	65 925 000
Operating Profit	5 467 000	4 365 000	4 973 000	4 225 000
Financial Income	314 000	123 000	135 000	202 000
Financial Costs	0	6 000	4 000	2 000
Financial Balance	314 000	117 000	131 000	200 000
Dividends	3 500 000	2 500 000	3 000 000	0
Net Income	4 521 000	3 507 000	3 988 000	3 460 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 000	14 000	28 000	37 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	841 000	904 000	419 000	425 000
Total Tangible Assets	841 000	904 000	419 000	425 000
Total Fiancial Fixed Assets	280 000	280 000	280 000	280 000
Total Fixed Assets	1 136 000	1 198 000	726 000	742 000
Stock	3 876 000	3 564 000	3 527 000	3 196 000
Total Investments	0	0	0	0
Cash, Bank	13 875 000	11 123 000	12 100 000	9 656 000
Total Current Assets	21 436 000	17 771 000	17 982 000	16 125 000
Total Assets	22 572 000	18 969 000	18 709 000	16 867 000
Total Equity	12 736 000	11 715 000	10 709 000	9 720 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 465 000	1 545 000	1 533 000	969 000
Unpaid Taxes	847 000	884 000	907 000	1 034 000
Dividends	3 500 000	2 500 000	3 000 000	0
Other Current Debt	5 263 000	3 864 000	4 453 000	4 227 000
Total Current Debt	9 836 000	7 254 000	8 000 000	7 147 000
Total Equity and Debt	22 572 000	18 969 000	18 709 000	16 867 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,5 %	29,94 %	37,24 %	35,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,3 %	6,36 %	7,17 %	6,02 %
Current Ratio	2,18	2,45	2,25	2,26
Quick Ratio	3,6	4,82	4,02	4,08
Equity Ratio	0,56	0,62	0,57	0,58
Gross Profit Margin	31,13 %	30,63 %	30,89 %	30,96 %