GRETES HÅNDARBEID AS

8370 LEKNES

Finances

Share Ownership

Return on Equity

14,72 %

Current Ratio

2,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 080 000	8 027 000	7 500 000	4 830 000
Net Income	237 000	622 000	191 000	−88 000
Total Assets	2 534 000	2 252 000	1 476 000	1 369 000
Total Equity	1 610 000	1 373 000	751 000	610 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 080 000	8 027 000	7 500 000	4 830 000
Expenditure	6 766 000	7 222 000	7 250 000	4 894 000
Operating Profit	314 000	806 000	249 000	−64 000
Financial Income	0	2 000	0	0
Financial Costs	8 000	8 000	20 000	24 000
Financial Balance	−8 000	−6 000	−20 000	−24 000
Earnings Before Tax	306 000	800 000	230 000	−88 000
Tax	69 000	178 000	39 000	0
Net Income	237 000	622 000	191 000	−88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	49 000	61 000
Total Current Assets	2 534 000	2 252 000	1 428 000	1 308 000
Total Assets	2 534 000	2 252 000	1 476 000	1 369 000
Total Retained Equity	1 490 000	1 253 000	631 000	490 000
Total Equity	1 610 000	1 373 000	751 000	610 000
Total Long-Term Debt	0	0	7 000	85 000
Total Current Debt	924 000	879 000	719 000	674 000
Total Equity and Debt	2 534 000	2 252 000	1 476 000	1 369 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 078 000	8 021 000	7 500 000	4 830 000
Other Income	2 000	7 000	0	0
Revenue	7 080 000	8 027 000	7 500 000	4 830 000
Cost of Goods Sold	3 803 000	4 275 000	4 195 000	2 613 000
Salary Costs	2 112 000	2 104 000	2 148 000	1 531 000
Depreciation	0	0	12 000	15 000
Impairment	0	0	0	0
Expenditure	6 766 000	7 222 000	7 250 000	4 894 000
Operating Profit	314 000	806 000	249 000	−64 000
Financial Income	0	2 000	0	0
Financial Costs	8 000	8 000	20 000	24 000
Financial Balance	−8 000	−6 000	−20 000	−24 000
Dividends	0	0	0	0
Net Income	237 000	622 000	191 000	−88 000

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	0	0	49 000	61 000
Total Tangible Assets	0	0	49 000	61 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	49 000	61 000
Stock	2 253 000	1 964 000	1 210 000	1 174 000
Total Investments	0	0	0	0
Cash, Bank	152 000	209 000	145 000	12 000
Total Current Assets	2 534 000	2 252 000	1 428 000	1 308 000
Total Assets	2 534 000	2 252 000	1 476 000	1 369 000
Total Equity	1 610 000	1 373 000	751 000	610 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	7 000	85 000
Creditors	235 000	182 000	258 000	271 000
Unpaid Taxes	242 000	267 000	170 000	132 000
Dividends	0	0	0	0
Other Current Debt	377 000	252 000	239 000	158 000
Total Current Debt	924 000	879 000	719 000	674 000
Total Equity and Debt	2 534 000	2 252 000	1 476 000	1 369 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,72 %	45,3 %	25,43 %	−14,43 %
Debt-to-Equity Ratio	0	0	0,01	0,14
Operating Profit Margin	4,44 %	10,04 %	3,32 %	−1,33 %
Current Ratio	2,74	2,56	1,99	1,94
Quick Ratio	−1,91	−2,08	−2,91	−2,62
Equity Ratio	0,64	0,61	0,51	0,45
Gross Profit Margin	46,29 %	46,74 %	44,07 %	45,9 %