GRENLAND SHIPPING AGENCY AS

3920 PORSGRUNN

Finances

Share Ownership

Return on Equity

31,73 %

Current Ratio

7,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 301 000	3 763 000	4 213 000	4 345 000
Net Income	1 482 000	1 328 000	571 000	641 000
Total Assets	5 115 000	3 499 000	4 545 000	4 411 000
Total Equity	4 671 000	3 188 000	4 360 000	3 789 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 301 000	3 763 000	4 213 000	4 345 000
Expenditure	2 403 000	2 038 000	3 545 000	3 280 000
Operating Profit	1 899 000	1 725 000	668 000	1 066 000
Financial Income	5 000	1 000	68 000	3 000
Financial Costs	5 000	16 000	4 000	7 000
Financial Balance	0	−15 000	64 000	−4 000
Earnings Before Tax	1 900 000	1 710 000	732 000	1 063 000
Tax	418 000	382 000	161 000	422 000
Net Income	1 482 000	1 328 000	571 000	641 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 944 000	1 894 000	1 885 000	1 863 000
Total Current Assets	3 171 000	1 606 000	2 660 000	2 548 000
Total Assets	5 115 000	3 499 000	4 545 000	4 411 000
Total Retained Equity	4 571 000	3 088 000	4 260 000	3 689 000
Total Equity	4 671 000	3 188 000	4 360 000	3 789 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	444 000	311 000	185 000	622 000
Total Equity and Debt	5 115 000	3 499 000	4 545 000	4 411 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 167 000	3 673 000	4 213 000	4 345 000
Other Income	134 000	90 000	0	0
Revenue	4 301 000	3 763 000	4 213 000	4 345 000
Cost of Goods Sold	1 890 000	1 437 000	1 946 000	2 456 000
Salary Costs	115 000	61 000	155 000	99 000
Depreciation	16 000	6 000	0	2 000
Impairment	0	0	0	0
Expenditure	2 403 000	2 038 000	3 545 000	3 280 000
Operating Profit	1 899 000	1 725 000	668 000	1 066 000
Financial Income	5 000	1 000	68 000	3 000
Financial Costs	5 000	16 000	4 000	7 000
Financial Balance	0	−15 000	64 000	−4 000
Dividends	0	2 500 000	0	0
Net Income	1 482 000	1 328 000	571 000	641 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	6 000	16 000
Real Eastate	1 745 000	1 745 000	1 745 000	1 745 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	72 000	24 000	30 000	0
Total Tangible Assets	1 817 000	1 769 000	1 775 000	1 745 000
Total Fiancial Fixed Assets	126 000	125 000	105 000	102 000
Total Fixed Assets	1 944 000	1 894 000	1 885 000	1 863 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 002 000	1 428 000	2 628 000	1 595 000
Total Current Assets	3 171 000	1 606 000	2 660 000	2 548 000
Total Assets	5 115 000	3 499 000	4 545 000	4 411 000
Total Equity	4 671 000	3 188 000	4 360 000	3 789 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	−14 000	−31 000	227 000
Unpaid Taxes	27 000	0	19 000	11 000
Dividends	0	2 500 000	0	0
Other Current Debt	0	−51 000	47 000	138 000
Total Current Debt	444 000	311 000	185 000	622 000
Total Equity and Debt	5 115 000	3 499 000	4 545 000	4 411 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,73 %	41,66 %	13,1 %	16,92 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	44,15 %	45,84 %	15,86 %	24,53 %
Current Ratio	7,14	5,16	14,38	4,1
Quick Ratio	7,14	5,16	14,38	4,1
Equity Ratio	0,91	0,91	0,96	0,86
Gross Profit Margin	56,06 %	61,81 %	53,81 %	43,48 %