GRIEG CONNECT AS

6509 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

−39,09 %

Current Ratio

2,28

Debt-to-Equity Ratio

2,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 229 000	38 929 000	47 827 000	35 358 000
Net Income	−4 731 000	−6 538 000	−2 646 000	−3 134 000
Total Assets	52 988 000	31 173 000	35 956 000	31 044 000
Total Equity	12 104 000	12 325 000	10 793 000	5 939 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 229 000	38 929 000	47 827 000	35 358 000
Expenditure	55 974 000	47 934 000	50 754 000	38 704 000
Operating Profit	−5 744 000	−9 005 000	−2 928 000	−3 346 000
Financial Income	88 000	25 000	108 000	9 000
Financial Costs	431 000	296 000	592 000	686 000
Financial Balance	−343 000	−271 000	−484 000	−677 000
Earnings Before Tax	−6 088 000	−9 276 000	−3 412 000	−4 023 000
Tax	−1 357 000	−2 738 000	−765 000	−890 000
Net Income	−4 731 000	−6 538 000	−2 646 000	−3 134 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 371 000	19 253 000	16 119 000	15 427 000
Total Current Assets	28 618 000	11 920 000	19 837 000	15 617 000
Total Assets	52 988 000	31 173 000	35 956 000	31 044 000
Total Retained Equity	0	0	0	0
Total Equity	12 104 000	12 325 000	10 793 000	5 939 000
Total Long-Term Debt	28 358 000	0	0	0
Total Current Debt	12 526 000	18 848 000	25 163 000	25 106 000
Total Equity and Debt	52 988 000	31 173 000	35 956 000	31 044 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 229 000	38 929 000	47 827 000	35 358 000
Other Income	0	0	0	0
Revenue	50 229 000	38 929 000	47 827 000	35 358 000
Cost of Goods Sold	2 470 000	2 973 000	3 818 000	4 108 000
Salary Costs	36 088 000	32 527 000	35 153 000	23 243 000
Depreciation	4 145 000	3 068 000	3 042 000	2 867 000
Impairment	0	0	0	0
Expenditure	55 974 000	47 934 000	50 754 000	38 704 000
Operating Profit	−5 744 000	−9 005 000	−2 928 000	−3 346 000
Financial Income	88 000	25 000	108 000	9 000
Financial Costs	431 000	296 000	592 000	686 000
Financial Balance	−343 000	−271 000	−484 000	−677 000
Dividends	0	0	0	0
Net Income	−4 731 000	−6 538 000	−2 646 000	−3 134 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 368 000	19 153 000	15 855 000	15 019 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	60 000	101 000	264 000	408 000
Total Tangible Assets	60 000	101 000	264 000	408 000
Total Fiancial Fixed Assets	4 944 000	0	0	0
Total Fixed Assets	24 371 000	19 253 000	16 119 000	15 427 000
Stock	352 000	100 000	155 000	111 000
Total Investments	0	0	0	0
Cash, Bank	5 829 000	3 233 000	1 693 000	2 658 000
Total Current Assets	28 618 000	11 920 000	19 837 000	15 617 000
Total Assets	52 988 000	31 173 000	35 956 000	31 044 000
Total Equity	12 104 000	12 325 000	10 793 000	5 939 000
Short-Term Group Debt	0	10 519 000	12 072 000	15 572 000
Total Long-Term Debt	28 358 000	0	0	0
Creditors	2 198 000	2 070 000	3 085 000	4 335 000
Unpaid Taxes	3 818 000	1 925 000	2 459 000	3 019 000
Dividends	0	0	0	0
Other Current Debt	6 511 000	4 334 000	7 547 000	2 180 000
Total Current Debt	12 526 000	18 848 000	25 163 000	25 106 000
Total Equity and Debt	52 988 000	31 173 000	35 956 000	31 044 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−39,09 %	−53,05 %	−24,52 %	−52,77 %
Debt-to-Equity Ratio	2,34	0	0	0
Operating Profit Margin	−11,44 %	−23,13 %	−6,12 %	−9,46 %
Current Ratio	2,28	0,63	0,79	0,62
Quick Ratio	2,35	0,64	0,79	0,62
Equity Ratio	0,23	0,4	0,3	0,19
Gross Profit Margin	95,08 %	92,36 %	92,02 %	88,38 %