GULLSMED H CHRISTOFFERSEN AS

3717 SKIEN

Finances

Return on Equity

16,65 %

Current Ratio

4,24

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 309 000	6 230 000	5 466 000	5 521 000
Net Income	334 000	448 000	418 000	115 000
Total Assets	3 229 000	3 202 000	3 154 000	2 966 000
Total Equity	2 006 000	1 672 000	1 224 000	806 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 309 000	6 230 000	5 466 000	5 521 000
Expenditure	5 861 000	5 678 000	4 880 000	5 349 000
Operating Profit	446 000	553 000	587 000	172 000
Financial Income	5 000	5 000	5 000	0
Financial Costs	23 000	21 000	38 000	34 000
Financial Balance	−18 000	−16 000	−33 000	−34 000
Earnings Before Tax	429 000	538 000	554 000	139 000
Tax	95 000	90 000	136 000	23 000
Net Income	334 000	448 000	418 000	115 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	200 000	250 000	332 000	459 000
Total Current Assets	3 029 000	2 952 000	2 821 000	2 508 000
Total Assets	3 229 000	3 202 000	3 154 000	2 966 000
Total Retained Equity	1 906 000	1 572 000	1 124 000	706 000
Total Equity	2 006 000	1 672 000	1 224 000	806 000
Total Long-Term Debt	508 000	781 000	1 202 000	1 528 000
Total Current Debt	715 000	749 000	727 000	633 000
Total Equity and Debt	3 229 000	3 202 000	3 154 000	2 966 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 309 000	6 230 000	5 464 000	5 521 000
Other Income	−1 000	1 000	3 000	0
Revenue	6 309 000	6 230 000	5 466 000	5 521 000
Cost of Goods Sold	3 490 000	3 362 000	2 613 000	3 111 000
Salary Costs	1 240 000	1 129 000	1 070 000	1 030 000
Depreciation	53 000	127 000	127 000	127 000
Impairment	0	0	0	0
Expenditure	5 861 000	5 678 000	4 880 000	5 349 000
Operating Profit	446 000	553 000	587 000	172 000
Financial Income	5 000	5 000	5 000	0
Financial Costs	23 000	21 000	38 000	34 000
Financial Balance	−18 000	−16 000	−33 000	−34 000
Dividends	0	0	0	0
Net Income	334 000	448 000	418 000	115 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	48 000	45 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	53 000	180 000	307 000
Total Tangible Assets	0	53 000	180 000	307 000
Total Fiancial Fixed Assets	152 000	152 000	152 000	152 000
Total Fixed Assets	200 000	250 000	332 000	459 000
Stock	2 711 000	2 727 000	2 603 000	2 428 000
Total Investments	0	0	0	0
Cash, Bank	279 000	173 000	207 000	50 000
Total Current Assets	3 029 000	2 952 000	2 821 000	2 508 000
Total Assets	3 229 000	3 202 000	3 154 000	2 966 000
Total Equity	2 006 000	1 672 000	1 224 000	806 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	508 000	781 000	1 202 000	1 528 000
Creditors	84 000	100 000	70 000	130 000
Unpaid Taxes	299 000	241 000	242 000	264 000
Dividends	0	0	0	0
Other Current Debt	234 000	272 000	280 000	206 000
Total Current Debt	715 000	749 000	727 000	633 000
Total Equity and Debt	3 229 000	3 202 000	3 154 000	2 966 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,65 %	26,79 %	34,15 %	14,27 %
Debt-to-Equity Ratio	0,25	0,47	0,98	1,9
Operating Profit Margin	7,07 %	8,88 %	10,74 %	3,12 %
Current Ratio	4,24	3,94	3,88	3,96
Quick Ratio	−1,52	−1,49	−1,5	−1,4
Equity Ratio	0,62	0,52	0,39	0,27
Gross Profit Margin	44,68 %	46,04 %	52,2 %	43,65 %