GRØNNESTAD HÅRDESIGN OLAVSKLEIVÅ AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

80,88 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 872 000	5 246 000	4 506 000	4 508 000
Net Income	512 000	612 000	521 000	610 000
Total Assets	2 289 000	2 205 000	2 009 000	1 919 000
Total Equity	633 000	621 000	444 000	423 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 872 000	5 246 000	4 506 000	4 508 000
Expenditure	4 211 000	4 460 000	3 842 000	3 740 000
Operating Profit	661 000	786 000	664 000	768 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	6 000	3 000	5 000	3 000
Financial Balance	−3 000	0	−3 000	−2 000
Earnings Before Tax	657 000	786 000	662 000	766 000
Tax	146 000	173 000	141 000	157 000
Net Income	512 000	612 000	521 000	610 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	288 000	164 000	184 000	134 000
Total Current Assets	2 002 000	2 041 000	1 825 000	1 785 000
Total Assets	2 289 000	2 205 000	2 009 000	1 919 000
Total Retained Equity	533 000	521 000	344 000	323 000
Total Equity	633 000	621 000	444 000	423 000
Total Long-Term Debt	0	0	0	−40 000
Total Current Debt	1 656 000	1 584 000	1 565 000	1 536 000
Total Equity and Debt	2 289 000	2 205 000	2 009 000	1 919 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 845 000	5 242 000	4 476 000	4 469 000
Other Income	27 000	4 000	30 000	40 000
Revenue	4 872 000	5 246 000	4 506 000	4 508 000
Cost of Goods Sold	523 000	687 000	450 000	511 000
Salary Costs	2 678 000	2 856 000	2 477 000	2 263 000
Depreciation	73 000	48 000	33 000	16 000
Impairment	0	0	0	0
Expenditure	4 211 000	4 460 000	3 842 000	3 740 000
Operating Profit	661 000	786 000	664 000	768 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	6 000	3 000	5 000	3 000
Financial Balance	−3 000	0	−3 000	−2 000
Dividends	500 000	435 000	500 000	750 000
Net Income	512 000	612 000	521 000	610 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	288 000	164 000	184 000	128 000
Total Tangible Assets	288 000	164 000	184 000	128 000
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	288 000	164 000	184 000	134 000
Stock	490 000	441 000	432 000	319 000
Total Investments	0	0	0	0
Cash, Bank	1 364 000	1 476 000	1 194 000	1 416 000
Total Current Assets	2 002 000	2 041 000	1 825 000	1 785 000
Total Assets	2 289 000	2 205 000	2 009 000	1 919 000
Total Equity	633 000	621 000	444 000	423 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	−40 000
Creditors	68 000	55 000	56 000	41 000
Unpaid Taxes	348 000	362 000	330 000	240 000
Dividends	500 000	435 000	500 000	750 000
Other Current Debt	594 000	557 000	537 000	348 000
Total Current Debt	1 656 000	1 584 000	1 565 000	1 536 000
Total Equity and Debt	2 289 000	2 205 000	2 009 000	1 919 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,88 %	98,55 %	117,34 %	144,21 %
Debt-to-Equity Ratio	0	0	0	−0,09
Operating Profit Margin	13,57 %	14,98 %	14,74 %	17,04 %
Current Ratio	1,21	1,29	1,17	1,16
Quick Ratio	1,72	1,79	1,61	1,47
Equity Ratio	0,28	0,28	0,22	0,22
Gross Profit Margin	89,27 %	86,9 %	90,01 %	88,66 %