GRAND FORKS HOLDING AS

2344 ILSENG

Finances

Return on Equity

−102,68 %

Current Ratio

5,95

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	0	23 000	1 020 000
Net Income	−843 000	−140 000	−688 000	645 000
Total Assets	1 350 000	2 643 000	2 705 000	3 789 000
Total Equity	821 000	1 664 000	1 804 000	2 491 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	0	23 000	1 020 000
Expenditure	361 000	−26 000	585 000	216 000
Operating Profit	−360 000	26 000	−562 000	805 000
Financial Income	1 000	0	1 000	40 000
Financial Costs	673 000	−7 000	127 000	19 000
Financial Balance	−672 000	7 000	−126 000	21 000
Earnings Before Tax	−1 032 000	33 000	−688 000	826 000
Tax	−190 000	173 000	0	181 000
Net Income	−843 000	−140 000	−688 000	645 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	11 000	217 000
Total Current Assets	1 350 000	2 643 000	2 694 000	3 573 000
Total Assets	1 350 000	2 643 000	2 705 000	3 789 000
Total Retained Equity	721 000	1 564 000	1 704 000	2 391 000
Total Equity	821 000	1 664 000	1 804 000	2 491 000
Total Long-Term Debt	301 000	325 000	392 000	212 000
Total Current Debt	227 000	655 000	509 000	1 086 000
Total Equity and Debt	1 350 000	2 643 000	2 705 000	3 789 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	23 000	0
Other Income	0	0	0	1 020 000
Revenue	0	0	23 000	1 020 000
Cost of Goods Sold	0	0	0	5 000
Salary Costs	252 000	0	61 000	26 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	361 000	−26 000	585 000	216 000
Operating Profit	−360 000	26 000	−562 000	805 000
Financial Income	1 000	0	1 000	40 000
Financial Costs	673 000	−7 000	127 000	19 000
Financial Balance	−672 000	7 000	−126 000	21 000
Dividends	0	0	0	217 000
Net Income	−843 000	−140 000	−688 000	645 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	11 000	217 000
Total Fixed Assets	0	0	11 000	217 000
Stock	0	0	0	0
Total Investments	1 029 000	2 552 000	2 672 000	3 120 000
Cash, Bank	134 000	60 000	0	4 000
Total Current Assets	1 350 000	2 643 000	2 694 000	3 573 000
Total Assets	1 350 000	2 643 000	2 705 000	3 789 000
Total Equity	821 000	1 664 000	1 804 000	2 491 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	301 000	325 000	392 000	212 000
Creditors	25 000	396 000	237 000	137 000
Unpaid Taxes	99 000	15 000	15 000	217 000
Dividends	0	0	0	217 000
Other Current Debt	104 000	244 000	256 000	95 000
Total Current Debt	227 000	655 000	509 000	1 086 000
Total Equity and Debt	1 350 000	2 643 000	2 705 000	3 789 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−102,68 %	−8,41 %	−38,14 %	25,89 %
Debt-to-Equity Ratio	0,37	0,2	0,22	0,09
Operating Profit Margin	-	-	−2 443,48 %	78,92 %
Current Ratio	5,95	4,04	5,29	3,29
Quick Ratio	5,95	4,04	5,29	3,29
Equity Ratio	0,61	0,63	0,67	0,66
Gross Profit Margin	-	-	100 %	99,51 %