GRIT INVEST AS

1606 FREDRIKSTAD

Finances

Return on Equity

66,77 %

Current Ratio

1,15

Debt-to-Equity Ratio

0,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	198 531 000	146 349 000	123 607 000	0
Net Income	15 070 000	11 200 000	8 416 000	3 819 000
Total Assets	87 670 000	72 563 000	55 274 000	17 061 000
Total Equity	22 571 000	16 443 000	12 474 000	8 424 000

Income (NOK)	2022	2021	2020	2019
Revenue	198 531 000	146 349 000	123 607 000	0
Expenditure	180 848 000	132 883 000	112 897 000	114 000
Operating Profit	17 683 000	13 466 000	10 710 000	−115 000
Financial Income	2 082 000	1 070 000	875 000	4 273 000
Financial Costs	1 003 000	676 000	804 000	374 000
Financial Balance	1 079 000	394 000	71 000	3 899 000
Earnings Before Tax	18 763 000	13 861 000	10 781 000	3 785 000
Tax	3 693 000	3 179 000	2 365 000	−34 000
Net Income	15 070 000	11 200 000	8 416 000	3 819 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 703 000	16 343 000	13 631 000	12 785 000
Total Current Assets	66 967 000	56 220 000	41 642 000	4 276 000
Total Assets	87 670 000	72 563 000	55 274 000	17 061 000
Total Retained Equity	22 051 000	12 994 000	9 432 000	7 917 000
Total Equity	22 571 000	16 443 000	12 474 000	8 424 000
Total Long-Term Debt	6 891 000	7 245 000	6 962 000	6 135 000
Total Current Debt	58 208 000	48 875 000	35 837 000	2 501 000
Total Equity and Debt	87 670 000	72 563 000	55 274 000	17 061 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	197 670 000	145 974 000	122 747 000	0
Other Income	862 000	375 000	860 000	0
Revenue	198 531 000	146 349 000	123 607 000	0
Cost of Goods Sold	110 352 000	78 985 000	68 504 000	0
Salary Costs	30 665 000	26 400 000	21 808 000	23 000
Depreciation	1 265 000	1 070 000	908 000	0
Impairment	6 000	0	0	0
Expenditure	180 848 000	132 883 000	112 897 000	114 000
Operating Profit	17 683 000	13 466 000	10 710 000	−115 000
Financial Income	2 082 000	1 070 000	875 000	4 273 000
Financial Costs	1 003 000	676 000	804 000	374 000
Financial Balance	1 079 000	394 000	71 000	3 899 000
Dividends	8 750 000	0	4 970 000	1 200 000
Net Income	15 070 000	11 200 000	8 416 000	3 819 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	1 388 000	2 606 000	3 396 000	0
Total Intangible Assets	1 397 000	2 606 000	3 810 000	0
Real Eastate	1 203 000	0	0	0
Machinery and Plant Facilities	509 000	386 000	441 000	0
Fixtures	5 157 000	6 326 000	4 963 000	0
Total Tangible Assets	6 869 000	6 712 000	5 404 000	0
Total Fiancial Fixed Assets	12 437 000	7 025 000	4 417 000	12 785 000
Total Fixed Assets	20 703 000	16 343 000	13 631 000	12 785 000
Stock	31 057 000	26 646 000	20 431 000	0
Total Investments	6 742 000	6 379 000	3 434 000	0
Cash, Bank	14 364 000	9 371 000	7 365 000	284 000
Total Current Assets	66 967 000	56 220 000	41 642 000	4 276 000
Total Assets	87 670 000	72 563 000	55 274 000	17 061 000
Total Equity	22 571 000	16 443 000	12 474 000	8 424 000
Short-Term Group Debt	0	0	0	1 237 000
Total Long-Term Debt	6 891 000	7 245 000	6 962 000	6 135 000
Creditors	16 097 000	12 453 000	8 236 000	0
Unpaid Taxes	7 619 000	5 895 000	6 146 000	5 000
Dividends	8 750 000	0	4 970 000	1 200 000
Other Current Debt	15 684 000	15 078 000	12 108 000	60 000
Total Current Debt	58 208 000	48 875 000	35 837 000	2 501 000
Total Equity and Debt	87 670 000	72 563 000	55 274 000	17 061 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,77 %	68,11 %	67,47 %	45,33 %
Debt-to-Equity Ratio	0,31	0,44	0,56	0,73
Operating Profit Margin	8,91 %	9,2 %	8,66 %	-
Current Ratio	1,15	1,15	1,16	1,71
Quick Ratio	2,47	2,53	2,7	1,71
Equity Ratio	0,26	0,23	0,23	0,49
Gross Profit Margin	44,42 %	46,03 %	44,58 %	-