GRÜNENTHAL NORWAY AS

0164 OSLO

Finances

Share Ownership

Return on Equity

28,49 %

Current Ratio

1,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	209 735 000	172 961 000	106 297 000	57 034 000
Net Income	5 193 000	5 156 000	3 088 000	1 014 000
Total Assets	118 163 000	86 332 000	53 948 000	29 051 000
Total Equity	18 229 000	13 036 000	7 803 000	4 715 000

Income (NOK)	2022	2021	2020	2019
Revenue	209 735 000	172 961 000	106 297 000	57 034 000
Expenditure	202 068 000	166 267 000	102 405 000	55 588 000
Operating Profit	7 668 000	6 694 000	3 893 000	1 446 000
Financial Income	156 000	197 000	511 000	115 000
Financial Costs	1 153 000	435 000	288 000	205 000
Financial Balance	−997 000	−238 000	223 000	−90 000
Earnings Before Tax	6 671 000	6 456 000	4 116 000	1 356 000
Tax	1 478 000	1 301 000	1 028 000	342 000
Net Income	5 193 000	5 156 000	3 088 000	1 014 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	169 000	509 000	50 000	74 000
Total Current Assets	117 994 000	85 824 000	53 898 000	28 977 000
Total Assets	118 163 000	86 332 000	53 948 000	29 051 000
Total Retained Equity	17 454 000	12 261 000	7 028 000	3 940 000
Total Equity	18 229 000	13 036 000	7 803 000	4 715 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	99 934 000	73 296 000	46 145 000	24 336 000
Total Equity and Debt	118 163 000	86 332 000	53 948 000	29 051 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	209 735 000	172 961 000	106 297 000	57 034 000
Other Income	0	0	0	0
Revenue	209 735 000	172 961 000	106 297 000	57 034 000
Cost of Goods Sold	161 215 000	133 467 000	74 575 000	34 365 000
Salary Costs	9 855 000	9 322 000	8 869 000	5 920 000
Depreciation	31 000	21 000	25 000	28 000
Impairment	0	0	0	0
Expenditure	202 068 000	166 267 000	102 405 000	55 588 000
Operating Profit	7 668 000	6 694 000	3 893 000	1 446 000
Financial Income	156 000	197 000	511 000	115 000
Financial Costs	1 153 000	435 000	288 000	205 000
Financial Balance	−997 000	−238 000	223 000	−90 000
Dividends	0	0	0	0
Net Income	5 193 000	5 156 000	3 088 000	1 014 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	405 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	164 000	104 000	50 000	74 000
Total Tangible Assets	164 000	104 000	50 000	74 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	169 000	509 000	50 000	74 000
Stock	42 404 000	24 780 000	26 178 000	7 382 000
Total Investments	0	0	0	0
Cash, Bank	45 155 000	30 563 000	7 691 000	10 405 000
Total Current Assets	117 994 000	85 824 000	53 898 000	28 977 000
Total Assets	118 163 000	86 332 000	53 948 000	29 051 000
Total Equity	18 229 000	13 036 000	7 803 000	4 715 000
Short-Term Group Debt	57 152 000	13 746 000	13 296 000	0
Total Long-Term Debt	0	0	0	0
Creditors	27 337 000	46 529 000	24 444 000	16 822 000
Unpaid Taxes	11 853 000	9 119 000	5 406 000	5 388 000
Dividends	0	0	0	0
Other Current Debt	2 513 000	2 274 000	1 972 000	1 784 000
Total Current Debt	99 934 000	73 296 000	46 145 000	24 336 000
Total Equity and Debt	118 163 000	86 332 000	53 948 000	29 051 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,49 %	39,55 %	39,57 %	21,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,66 %	3,87 %	3,66 %	2,54 %
Current Ratio	1,18	1,17	1,17	1,19
Quick Ratio	2,05	1,77	2,7	1,71
Equity Ratio	0,15	0,15	0,14	0,16
Gross Profit Margin	23,13 %	22,83 %	29,84 %	39,75 %