FRODE GRØNDAHL AS

3237 SANDEFJORD

Finances

Share Ownership

Return on Equity

602,21 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 184 000	5 099 000	4 288 000	4 231 000
Net Income	819 000	2 173 000	1 656 000	1 163 000
Total Assets	1 945 000	1 597 000	3 746 000	4 021 000
Total Equity	136 000	170 000	3 016 000	3 346 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 184 000	5 099 000	4 288 000	4 231 000
Expenditure	4 150 000	2 291 000	2 194 000	2 752 000
Operating Profit	1 034 000	2 807 000	2 095 000	1 480 000
Financial Income	26 000	0	12 000	0
Financial Costs	2 000	22 000	0	0
Financial Balance	24 000	−22 000	12 000	0
Earnings Before Tax	1 058 000	2 785 000	2 106 000	1 480 000
Tax	239 000	613 000	450 000	317 000
Net Income	819 000	2 173 000	1 656 000	1 163 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	107 000	78 000	3 287 000	3 275 000
Total Current Assets	1 839 000	1 518 000	458 000	745 000
Total Assets	1 945 000	1 597 000	3 746 000	4 021 000
Total Retained Equity	36 000	70 000	2 916 000	3 246 000
Total Equity	136 000	170 000	3 016 000	3 346 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 809 000	1 427 000	730 000	675 000
Total Equity and Debt	1 945 000	1 597 000	3 746 000	4 021 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	863 000	1 220 000	4 288 000	4 231 000
Other Income	4 321 000	3 878 000	0	0
Revenue	5 184 000	5 099 000	4 288 000	4 231 000
Cost of Goods Sold	0	5 000	0	53 000
Salary Costs	3 278 000	1 459 000	1 406 000	2 044 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 150 000	2 291 000	2 194 000	2 752 000
Operating Profit	1 034 000	2 807 000	2 095 000	1 480 000
Financial Income	26 000	0	12 000	0
Financial Costs	2 000	22 000	0	0
Financial Balance	24 000	−22 000	12 000	0
Dividends	800 000	600 000	0	0
Net Income	819 000	2 173 000	1 656 000	1 163 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	5 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	107 000	73 000	3 287 000	3 275 000
Total Fixed Assets	107 000	78 000	3 287 000	3 275 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 510 000	1 249 000	322 000	537 000
Total Current Assets	1 839 000	1 518 000	458 000	745 000
Total Assets	1 945 000	1 597 000	3 746 000	4 021 000
Total Equity	136 000	170 000	3 016 000	3 346 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	66 000	2 000	0	0
Unpaid Taxes	336 000	52 000	96 000	165 000
Dividends	800 000	600 000	0	0
Other Current Debt	373 000	155 000	183 000	192 000
Total Current Debt	1 809 000	1 427 000	730 000	675 000
Total Equity and Debt	1 945 000	1 597 000	3 746 000	4 021 000

Financial indicators	2022	2021	2020	2019
Return on Equity	602,21 %	1 278,24 %	54,91 %	34,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	19,95 %	55,05 %	48,86 %	34,98 %
Current Ratio	1,02	1,06	0,63	1,1
Quick Ratio	1,02	1,06	0,63	1,1
Equity Ratio	0,07	0,11	0,81	0,83
Gross Profit Margin	100 %	99,9 %	100 %	98,75 %