GRINDFLEK AS

2500 TYNSET

Finances

Share Ownership

Return on Equity

−12,59 %

Current Ratio

16,57

Debt-to-Equity Ratio

11,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	837 000	865 000	654 000	615 000
Net Income	−54 000	−38 000	−102 000	−99 000
Total Assets	5 405 000	5 676 000	5 235 000	4 989 000
Total Equity	429 000	483 000	521 000	596 000

Income (NOK)	2022	2021	2020	2019
Revenue	837 000	865 000	654 000	615 000
Expenditure	655 000	712 000	578 000	529 000
Operating Profit	181 000	153 000	75 000	86 000
Financial Income	7 000	0	0	2 000
Financial Costs	242 000	191 000	206 000	203 000
Financial Balance	−235 000	−191 000	−206 000	−201 000
Earnings Before Tax	−54 000	−38 000	−131 000	−114 000
Tax	0	0	−29 000	−15 000
Net Income	−54 000	−38 000	−102 000	−99 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 676 000	5 245 000	5 031 000	4 869 000
Total Current Assets	729 000	431 000	204 000	119 000
Total Assets	5 405 000	5 676 000	5 235 000	4 989 000
Total Retained Equity	329 000	383 000	421 000	496 000
Total Equity	429 000	483 000	521 000	596 000
Total Long-Term Debt	4 933 000	5 158 000	4 695 000	4 392 000
Total Current Debt	44 000	35 000	19 000	0
Total Equity and Debt	5 405 000	5 676 000	5 235 000	4 989 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	112 000	311 000	654 000	526 000
Other Income	725 000	554 000	0	89 000
Revenue	837 000	865 000	654 000	615 000
Cost of Goods Sold	24 000	103 000	10 000	1 000
Salary Costs	0	0	0	0
Depreciation	433 000	359 000	315 000	244 000
Impairment	0	0	0	0
Expenditure	655 000	712 000	578 000	529 000
Operating Profit	181 000	153 000	75 000	86 000
Financial Income	7 000	0	0	2 000
Financial Costs	242 000	191 000	206 000	203 000
Financial Balance	−235 000	−191 000	−206 000	−201 000
Dividends	0	0	0	0
Net Income	−54 000	−38 000	−102 000	−99 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 079 000	4 289 000	4 514 000	4 712 000
Machinery and Plant Facilities	104 000	0	0	0
Fixtures	493 000	956 000	517 000	157 000
Total Tangible Assets	4 676 000	5 245 000	5 031 000	4 869 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 676 000	5 245 000	5 031 000	4 869 000
Stock	133 000	133 000	133 000	73 000
Total Investments	0	0	0	0
Cash, Bank	429 000	215 000	69 000	22 000
Total Current Assets	729 000	431 000	204 000	119 000
Total Assets	5 405 000	5 676 000	5 235 000	4 989 000
Total Equity	429 000	483 000	521 000	596 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 933 000	5 158 000	4 695 000	4 392 000
Creditors	3 000	6 000	8 000	0
Unpaid Taxes	41 000	29 000	11 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	44 000	35 000	19 000	0
Total Equity and Debt	5 405 000	5 676 000	5 235 000	4 989 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,59 %	−7,87 %	−19,58 %	−16,61 %
Debt-to-Equity Ratio	11,5	10,68	9,01	7,37
Operating Profit Margin	21,62 %	17,69 %	11,47 %	13,98 %
Current Ratio	16,57	12,31	10,74	-
Quick Ratio	−8,19	−4,4	−1,79	−1,63
Equity Ratio	0,08	0,09	0,1	0,12
Gross Profit Margin	97,13 %	88,09 %	98,47 %	99,84 %