FRODE GRANDETRØ AS

7353 BØRSA

Finances

Return on Equity

20,17 %

Current Ratio

0,39

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 033 000	1 979 000	1 657 000	1 459 000
Net Income	1 429 000	2 479 000	2 249 000	1 569 000
Total Assets	10 211 000	8 941 000	6 718 000	5 233 000
Total Equity	7 085 000	7 656 000	5 177 000	4 428 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 033 000	1 979 000	1 657 000	1 459 000
Expenditure	2 175 000	2 232 000	1 493 000	1 430 000
Operating Profit	−142 000	−253 000	164 000	29 000
Financial Income	1 618 000	2 724 000	2 156 000	1 574 000
Financial Costs	48 000	31 000	22 000	1 000
Financial Balance	1 570 000	2 693 000	2 134 000	1 573 000
Earnings Before Tax	1 427 000	2 441 000	2 298 000	1 601 000
Tax	−2 000	−38 000	49 000	32 000
Net Income	1 429 000	2 479 000	2 249 000	1 569 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 295 000	4 984 000	2 209 000	3 558 000
Total Current Assets	917 000	3 957 000	4 509 000	1 675 000
Total Assets	10 211 000	8 941 000	6 718 000	5 233 000
Total Retained Equity	6 935 000	7 506 000	5 027 000	4 278 000
Total Equity	7 085 000	7 656 000	5 177 000	4 428 000
Total Long-Term Debt	772 000	746 000	720 000	0
Total Current Debt	2 354 000	539 000	821 000	805 000
Total Equity and Debt	10 211 000	8 941 000	6 718 000	5 233 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 979 000	1 979 000	1 467 000	1 459 000
Other Income	54 000	0	190 000	0
Revenue	2 033 000	1 979 000	1 657 000	1 459 000
Cost of Goods Sold	115 000	194 000	0	0
Salary Costs	1 011 000	1 001 000	883 000	901 000
Depreciation	97 000	59 000	25 000	14 000
Impairment	0	0	0	0
Expenditure	2 175 000	2 232 000	1 493 000	1 430 000
Operating Profit	−142 000	−253 000	164 000	29 000
Financial Income	1 618 000	2 724 000	2 156 000	1 574 000
Financial Costs	48 000	31 000	22 000	1 000
Financial Balance	1 570 000	2 693 000	2 134 000	1 573 000
Dividends	2 000 000	0	1 500 000	500 000
Net Income	1 429 000	2 479 000	2 249 000	1 569 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	43 000	41 000	3 000	8 000
Real Eastate	439 000	439 000	439 000	289 000
Machinery and Plant Facilities	0	0	154 000	8 000
Fixtures	762 000	273 000	0	0
Total Tangible Assets	1 202 000	712 000	594 000	297 000
Total Fiancial Fixed Assets	8 050 000	4 231 000	1 613 000	3 253 000
Total Fixed Assets	9 295 000	4 984 000	2 209 000	3 558 000
Stock	0	0	0	0
Total Investments	14 000	122 000	0	0
Cash, Bank	612 000	3 343 000	4 283 000	1 503 000
Total Current Assets	917 000	3 957 000	4 509 000	1 675 000
Total Assets	10 211 000	8 941 000	6 718 000	5 233 000
Total Equity	7 085 000	7 656 000	5 177 000	4 428 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	772 000	746 000	720 000	0
Creditors	64 000	244 000	65 000	−5 000
Unpaid Taxes	205 000	220 000	146 000	211 000
Dividends	2 000 000	0	1 500 000	500 000
Other Current Debt	85 000	75 000	67 000	66 000
Total Current Debt	2 354 000	539 000	821 000	805 000
Total Equity and Debt	10 211 000	8 941 000	6 718 000	5 233 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,17 %	32,38 %	43,44 %	35,43 %
Debt-to-Equity Ratio	0,11	0,1	0,14	0
Operating Profit Margin	−6,98 %	−12,78 %	9,9 %	1,99 %
Current Ratio	0,39	7,34	5,49	2,08
Quick Ratio	0,39	7,34	5,49	2,08
Equity Ratio	0,69	0,86	0,77	0,85
Gross Profit Margin	94,34 %	90,2 %	100 %	100 %