GRINAKER UTVIKLING AS

2760 BRANDBU

Finances

Share Ownership

Return on Equity

17,16 %

Current Ratio

1,91

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 590 000	4 486 000	3 856 000	2 498 000
Net Income	168 000	606 000	331 000	200 000
Total Assets	2 040 000	2 732 000	1 918 000	1 403 000
Total Equity	979 000	911 000	505 000	174 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 590 000	4 486 000	3 856 000	2 498 000
Expenditure	5 358 000	3 701 000	3 426 000	2 260 000
Operating Profit	233 000	784 000	430 000	237 000
Financial Income	4 000	5 000	4 000	5 000
Financial Costs	12 000	11 000	9 000	13 000
Financial Balance	−8 000	−6 000	−5 000	−8 000
Earnings Before Tax	226 000	778 000	425 000	229 000
Tax	58 000	172 000	94 000	29 000
Net Income	168 000	606 000	331 000	200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	53 000	49 000	65 000
Total Current Assets	2 003 000	2 678 000	1 869 000	1 338 000
Total Assets	2 040 000	2 732 000	1 918 000	1 403 000
Total Retained Equity	879 000	811 000	405 000	74 000
Total Equity	979 000	911 000	505 000	174 000
Total Long-Term Debt	15 000	15 000	15 000	15 000
Total Current Debt	1 046 000	1 806 000	1 398 000	1 214 000
Total Equity and Debt	2 040 000	2 732 000	1 918 000	1 403 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 590 000	4 486 000	3 856 000	2 497 000
Other Income	0	0	0	0
Revenue	5 590 000	4 486 000	3 856 000	2 498 000
Cost of Goods Sold	3 865 000	2 242 000	2 290 000	1 149 000
Salary Costs	743 000	702 000	579 000	583 000
Depreciation	8 000	12 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	5 358 000	3 701 000	3 426 000	2 260 000
Operating Profit	233 000	784 000	430 000	237 000
Financial Income	4 000	5 000	4 000	5 000
Financial Costs	12 000	11 000	9 000	13 000
Financial Balance	−8 000	−6 000	−5 000	−8 000
Dividends	100 000	200 000	0	0
Net Income	168 000	606 000	331 000	200 000

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	15 000	23 000	10 000	17 000
Total Tangible Assets	15 000	23 000	10 000	17 000
Total Fiancial Fixed Assets	22 000	31 000	39 000	48 000
Total Fixed Assets	37 000	53 000	49 000	65 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 166 000	1 516 000	537 000	156 000
Total Current Assets	2 003 000	2 678 000	1 869 000	1 338 000
Total Assets	2 040 000	2 732 000	1 918 000	1 403 000
Total Equity	979 000	911 000	505 000	174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 000	15 000	15 000	15 000
Creditors	395 000	360 000	411 000	419 000
Unpaid Taxes	80 000	143 000	141 000	91 000
Dividends	100 000	200 000	0	0
Other Current Debt	413 000	931 000	752 000	674 000
Total Current Debt	1 046 000	1 806 000	1 398 000	1 214 000
Total Equity and Debt	2 040 000	2 732 000	1 918 000	1 403 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,16 %	66,52 %	65,54 %	114,94 %
Debt-to-Equity Ratio	0,02	0,02	0,03	0,09
Operating Profit Margin	4,17 %	17,48 %	11,15 %	9,49 %
Current Ratio	1,91	1,48	1,34	1,1
Quick Ratio	1,91	1,48	1,34	1,1
Equity Ratio	0,48	0,33	0,26	0,12
Gross Profit Margin	30,86 %	50,02 %	40,61 %	54 %