GRINDAFJELL AS

2975 VANG I VALDRES

Finances

Share Ownership

Return on Equity

8,89 %

Current Ratio

9,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 093 000	8 100 000	16 099 000	3 012 000
Net Income	530 000	2 031 000	6 899 000	0
Total Assets	6 640 000	10 171 000	10 718 000	4 842 000
Total Equity	5 961 000	5 431 000	6 400 000	1 500 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 093 000	8 100 000	16 099 000	3 012 000
Expenditure	3 415 000	5 495 000	8 342 000	2 901 000
Operating Profit	678 000	2 604 000	7 757 000	111 000
Financial Income	1 000	1 000	27 000	38 000
Financial Costs	0	2 000	107 000	149 000
Financial Balance	1 000	−1 000	−80 000	−111 000
Earnings Before Tax	679 000	2 604 000	7 678 000	0
Tax	149 000	573 000	778 000	0
Net Income	530 000	2 031 000	6 899 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	5 000	5 000	439 000
Total Current Assets	6 635 000	10 166 000	10 713 000	4 403 000
Total Assets	6 640 000	10 171 000	10 718 000	4 842 000
Total Retained Equity	4 461 000	3 931 000	4 900 000	0
Total Equity	5 961 000	5 431 000	6 400 000	1 500 000
Total Long-Term Debt	0	0	231 000	3 200 000
Total Current Debt	680 000	4 740 000	4 088 000	141 000
Total Equity and Debt	6 640 000	10 171 000	10 718 000	4 842 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	190 000	135 000	87 000	37 000
Other Income	3 904 000	7 965 000	16 012 000	2 975 000
Revenue	4 093 000	8 100 000	16 099 000	3 012 000
Cost of Goods Sold	1 853 000	4 022 000	6 799 000	1 493 000
Salary Costs	29 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 415 000	5 495 000	8 342 000	2 901 000
Operating Profit	678 000	2 604 000	7 757 000	111 000
Financial Income	1 000	1 000	27 000	38 000
Financial Costs	0	2 000	107 000	149 000
Financial Balance	1 000	−1 000	−80 000	−111 000
Dividends	0	3 000 000	2 000 000	0
Net Income	530 000	2 031 000	6 899 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	434 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	434 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	5 000	5 000	5 000	439 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 417 000	9 957 000	10 592 000	4 245 000
Total Current Assets	6 635 000	10 166 000	10 713 000	4 403 000
Total Assets	6 640 000	10 171 000	10 718 000	4 842 000
Total Equity	5 961 000	5 431 000	6 400 000	1 500 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	231 000	3 200 000
Creditors	299 000	234 000	286 000	111 000
Unpaid Taxes	0	0	0	0
Dividends	0	3 000 000	2 000 000	0
Other Current Debt	231 000	933 000	1 024 000	31 000
Total Current Debt	680 000	4 740 000	4 088 000	141 000
Total Equity and Debt	6 640 000	10 171 000	10 718 000	4 842 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,89 %	37,4 %	107,8 %	0 %
Debt-to-Equity Ratio	0	0	0,04	2,13
Operating Profit Margin	16,56 %	32,15 %	48,18 %	3,69 %
Current Ratio	9,76	2,14	2,62	31,23
Quick Ratio	9,76	2,14	2,62	31,23
Equity Ratio	0,9	0,53	0,6	0,31
Gross Profit Margin	54,73 %	50,35 %	57,77 %	50,43 %