GARNKILDEN AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

10,95 %

Current Ratio

5,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 573 000	4 124 000	4 562 000	3 786 000
Net Income	266 000	330 000	560 000	400 000
Total Assets	2 941 000	2 769 000	3 042 000	2 807 000
Total Equity	2 429 000	2 163 000	1 833 000	1 772 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 573 000	4 124 000	4 562 000	3 786 000
Expenditure	3 244 000	3 704 000	3 847 000	3 282 000
Operating Profit	329 000	419 000	715 000	504 000
Financial Income	9 000	5 000	7 000	9 000
Financial Costs	0	0	0	0
Financial Balance	9 000	5 000	7 000	9 000
Earnings Before Tax	337 000	424 000	721 000	513 000
Tax	71 000	94 000	161 000	113 000
Net Income	266 000	330 000	560 000	400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	8 000	25 000
Total Current Assets	2 941 000	2 769 000	3 034 000	2 782 000
Total Assets	2 941 000	2 769 000	3 042 000	2 807 000
Total Retained Equity	2 329 000	2 063 000	1 733 000	1 672 000
Total Equity	2 429 000	2 163 000	1 833 000	1 772 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	513 000	607 000	1 209 000	1 034 000
Total Equity and Debt	2 941 000	2 769 000	3 042 000	2 807 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 573 000	4 124 000	4 562 000	3 786 000
Other Income	0	0	0	0
Revenue	3 573 000	4 124 000	4 562 000	3 786 000
Cost of Goods Sold	1 574 000	2 009 000	2 178 000	1 667 000
Salary Costs	1 176 000	1 245 000	1 183 000	1 145 000
Depreciation	0	8 000	17 000	17 000
Impairment	0	0	0	0
Expenditure	3 244 000	3 704 000	3 847 000	3 282 000
Operating Profit	329 000	419 000	715 000	504 000
Financial Income	9 000	5 000	7 000	9 000
Financial Costs	0	0	0	0
Financial Balance	9 000	5 000	7 000	9 000
Dividends	0	0	500 000	500 000
Net Income	266 000	330 000	560 000	400 000

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	0	0	8 000	25 000
Total Tangible Assets	0	0	8 000	25 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	8 000	25 000
Stock	920 000	755 000	733 000	784 000
Total Investments	0	0	0	0
Cash, Bank	1 913 000	1 933 000	2 274 000	1 978 000
Total Current Assets	2 941 000	2 769 000	3 034 000	2 782 000
Total Assets	2 941 000	2 769 000	3 042 000	2 807 000
Total Equity	2 429 000	2 163 000	1 833 000	1 772 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	36 000	83 000	94 000	44 000
Unpaid Taxes	184 000	189 000	252 000	209 000
Dividends	0	0	500 000	500 000
Other Current Debt	221 000	241 000	202 000	167 000
Total Current Debt	513 000	607 000	1 209 000	1 034 000
Total Equity and Debt	2 941 000	2 769 000	3 042 000	2 807 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,95 %	15,26 %	30,55 %	22,57 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,21 %	10,16 %	15,67 %	13,31 %
Current Ratio	5,73	4,56	2,51	2,69
Quick Ratio	−7,23	−18,71	6,37	11,13
Equity Ratio	0,83	0,78	0,6	0,63
Gross Profit Margin	55,95 %	51,29 %	52,26 %	55,97 %