GRØNLAND 18 AS

0663 OSLO

Finances

Share Ownership

Return on Equity

50,29 %

Current Ratio

8,74

Debt-to-Equity Ratio

6,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 767 000	1 832 000	3 095 000	2 761 000
Net Income	1 470 000	1 122 000	−4 000	1 929 000
Total Assets	20 958 000	7 480 000	2 564 000	4 406 000
Total Equity	2 923 000	2 779 000	1 657 000	1 661 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 767 000	1 832 000	3 095 000	2 761 000
Expenditure	667 000	394 000	3 149 000	308 000
Operating Profit	2 099 000	1 438 000	−55 000	2 453 000
Financial Income	0	0	39 000	19 000
Financial Costs	215 000	0	0	0
Financial Balance	−215 000	0	39 000	19 000
Earnings Before Tax	1 885 000	1 439 000	−16 000	2 472 000
Tax	415 000	316 000	−12 000	544 000
Net Income	1 470 000	1 122 000	−4 000	1 929 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 111 000	7 014 000	1 906 000	1 919 000
Total Current Assets	848 000	466 000	658 000	2 486 000
Total Assets	20 958 000	7 480 000	2 564 000	4 406 000
Total Retained Equity	2 109 000	1 965 000	843 000	847 000
Total Equity	2 923 000	2 779 000	1 657 000	1 661 000
Total Long-Term Debt	17 939 000	3 999 000	740 000	120 000
Total Current Debt	97 000	703 000	167 000	2 624 000
Total Equity and Debt	20 958 000	7 480 000	2 564 000	4 406 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 767 000	1 832 000	3 095 000	2 761 000
Revenue	2 767 000	1 832 000	3 095 000	2 761 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	312 000	107 000	40 000	34 000
Impairment	0	0	0	0
Expenditure	667 000	394 000	3 149 000	308 000
Operating Profit	2 099 000	1 438 000	−55 000	2 453 000
Financial Income	0	0	39 000	19 000
Financial Costs	215 000	0	0	0
Financial Balance	−215 000	0	39 000	19 000
Dividends	0	0	0	0
Net Income	1 470 000	1 122 000	−4 000	1 929 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	20 111 000	7 014 000	1 906 000	1 365 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	20 111 000	7 014 000	1 906 000	1 365 000
Total Fiancial Fixed Assets	0	0	0	554 000
Total Fixed Assets	20 111 000	7 014 000	1 906 000	1 919 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	384 000	114 000	457 000	1 916 000
Total Current Assets	848 000	466 000	658 000	2 486 000
Total Assets	20 958 000	7 480 000	2 564 000	4 406 000
Total Equity	2 923 000	2 779 000	1 657 000	1 661 000
Short-Term Group Debt	0	0	0	2 473 000
Total Long-Term Debt	17 939 000	3 999 000	740 000	120 000
Creditors	24 000	294 000	129 000	31 000
Unpaid Taxes	81 000	63 000	0	110 000
Dividends	0	0	0	0
Other Current Debt	−22 000	38 000	38 000	10 000
Total Current Debt	97 000	703 000	167 000	2 624 000
Total Equity and Debt	20 958 000	7 480 000	2 564 000	4 406 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,29 %	40,37 %	−0,24 %	116,13 %
Debt-to-Equity Ratio	6,14	1,44	0,45	0,07
Operating Profit Margin	75,86 %	78,49 %	−1,78 %	88,84 %
Current Ratio	8,74	0,66	3,94	0,95
Quick Ratio	8,74	0,66	3,94	0,95
Equity Ratio	0,14	0,37	0,65	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %