ERNST S. GRINDHEIM AUT. ENTREPRENØR AS

5590 ETNE

Finances

Return on Equity

6,45 %

Current Ratio

1,67

Debt-to-Equity Ratio

−0,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	900 000	723 000	1 288 000	2 951 000
Net Income	30 000	124 000	92 000	119 000
Total Assets	666 000	731 000	915 000	1 031 000
Total Equity	465 000	436 000	312 000	220 000

Income (NOK)	2022	2021	2020	2019
Revenue	900 000	723 000	1 288 000	2 951 000
Expenditure	869 000	598 000	1 191 000	2 826 000
Operating Profit	30 000	125 000	97 000	126 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	5 000	7 000
Financial Balance	−1 000	−1 000	−5 000	−7 000
Earnings Before Tax	30 000	124 000	92 000	119 000
Tax	0	0	0	0
Net Income	30 000	124 000	92 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	89 000	104 000	158 000	199 000
Total Current Assets	577 000	627 000	757 000	832 000
Total Assets	666 000	731 000	915 000	1 031 000
Total Retained Equity	−175 000	−205 000	−329 000	−421 000
Total Equity	465 000	436 000	312 000	220 000
Total Long-Term Debt	−145 000	104 000	382 000	550 000
Total Current Debt	346 000	192 000	221 000	261 000
Total Equity and Debt	666 000	731 000	915 000	1 031 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	309 000	723 000	1 197 000	2 040 000
Other Income	590 000	0	90 000	911 000
Revenue	900 000	723 000	1 288 000	2 951 000
Cost of Goods Sold	27 000	335 000	734 000	819 000
Salary Costs	339 000	−12 000	61 000	1 243 000
Depreciation	32 000	54 000	74 000	99 000
Impairment	0	0	0	0
Expenditure	869 000	598 000	1 191 000	2 826 000
Operating Profit	30 000	125 000	97 000	126 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	5 000	7 000
Financial Balance	−1 000	−1 000	−5 000	−7 000
Dividends	0	0	0	0
Net Income	30 000	124 000	92 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	87 000	101 000	155 000	197 000
Total Tangible Assets	87 000	101 000	155 000	197 000
Total Fiancial Fixed Assets	3 000	3 000	3 000	3 000
Total Fixed Assets	89 000	104 000	158 000	199 000
Stock	540 000	550 000	480 000	565 000
Total Investments	0	0	0	0
Cash, Bank	23 000	63 000	167 000	200 000
Total Current Assets	577 000	627 000	757 000	832 000
Total Assets	666 000	731 000	915 000	1 031 000
Total Equity	465 000	436 000	312 000	220 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−145 000	104 000	382 000	550 000
Creditors	50 000	76 000	54 000	54 000
Unpaid Taxes	200 000	49 000	81 000	91 000
Dividends	0	0	0	0
Other Current Debt	96 000	67 000	85 000	117 000
Total Current Debt	346 000	192 000	221 000	261 000
Total Equity and Debt	666 000	731 000	915 000	1 031 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,45 %	28,44 %	29,49 %	54,09 %
Debt-to-Equity Ratio	−0,31	0,24	1,22	2,5
Operating Profit Margin	3,33 %	17,29 %	7,53 %	4,27 %
Current Ratio	1,67	3,27	3,43	3,19
Quick Ratio	−2,97	−1,75	−2,92	−2,74
Equity Ratio	0,7	0,6	0,34	0,21
Gross Profit Margin	97 %	53,67 %	43,01 %	72,25 %