GLITNE AS

2005 RÆLINGEN

Finances

Return on Equity

18,2 %

Current Ratio

4,78

Debt-to-Equity Ratio

1,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 538 000	4 682 000	3 468 000	3 875 000
Net Income	162 000	138 000	89 000	−111 000
Total Assets	2 583 000	2 759 000	1 866 000	1 842 000
Total Equity	890 000	728 000	710 000	621 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 538 000	4 682 000	3 468 000	3 875 000
Expenditure	6 257 000	4 495 000	3 291 000	3 954 000
Operating Profit	281 000	186 000	177 000	−80 000
Financial Income	42 000	24 000	6 000	2 000
Financial Costs	133 000	73 000	94 000	33 000
Financial Balance	−91 000	−49 000	−88 000	−31 000
Earnings Before Tax	189 000	138 000	89 000	−112 000
Tax	27 000	0	0	−1 000
Net Income	162 000	138 000	89 000	−111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	338 000	401 000	811 000	914 000
Total Current Assets	2 245 000	2 358 000	1 055 000	928 000
Total Assets	2 583 000	2 759 000	1 866 000	1 842 000
Total Retained Equity	760 000	598 000	680 000	591 000
Total Equity	890 000	728 000	710 000	621 000
Total Long-Term Debt	1 223 000	742 000	864 000	909 000
Total Current Debt	470 000	1 289 000	292 000	312 000
Total Equity and Debt	2 583 000	2 759 000	1 866 000	1 842 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 545 000	4 682 000	3 468 000	3 875 000
Other Income	−7 000	0	0	0
Revenue	6 538 000	4 682 000	3 468 000	3 875 000
Cost of Goods Sold	4 143 000	2 834 000	2 131 000	1 614 000
Salary Costs	1 251 000	1 145 000	670 000	1 308 000
Depreciation	119 000	119 000	113 000	14 000
Impairment	0	0	0	0
Expenditure	6 257 000	4 495 000	3 291 000	3 954 000
Operating Profit	281 000	186 000	177 000	−80 000
Financial Income	42 000	24 000	6 000	2 000
Financial Costs	133 000	73 000	94 000	33 000
Financial Balance	−91 000	−49 000	−88 000	−31 000
Dividends	0	0	0	0
Net Income	162 000	138 000	89 000	−111 000

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	229 000	348 000	432 000	545 000
Total Tangible Assets	229 000	348 000	432 000	545 000
Total Fiancial Fixed Assets	109 000	53 000	379 000	369 000
Total Fixed Assets	338 000	401 000	811 000	914 000
Stock	2 355 000	1 791 000	749 000	685 000
Total Investments	0	0	0	0
Cash, Bank	−327 000	333 000	209 000	131 000
Total Current Assets	2 245 000	2 358 000	1 055 000	928 000
Total Assets	2 583 000	2 759 000	1 866 000	1 842 000
Total Equity	890 000	728 000	710 000	621 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 223 000	742 000	864 000	909 000
Creditors	47 000	80 000	151 000	47 000
Unpaid Taxes	89 000	209 000	65 000	139 000
Dividends	0	0	0	0
Other Current Debt	307 000	999 000	76 000	126 000
Total Current Debt	470 000	1 289 000	292 000	312 000
Total Equity and Debt	2 583 000	2 759 000	1 866 000	1 842 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,2 %	18,96 %	12,54 %	−17,87 %
Debt-to-Equity Ratio	1,37	1,02	1,22	1,46
Operating Profit Margin	4,3 %	3,97 %	5,1 %	−2,06 %
Current Ratio	4,78	1,83	3,61	2,97
Quick Ratio	−1,19	−4,7	−2,31	−2,49
Equity Ratio	0,34	0,26	0,38	0,34
Gross Profit Margin	36,63 %	39,47 %	38,55 %	58,35 %