L GULLHAGEN AS

2815 GJØVIK

Finances

Share Ownership

Return on Equity

1,55 %

Current Ratio

2,27

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 367 000	5 501 000	5 693 000	5 082 000
Net Income	32 000	348 000	623 000	276 000
Total Assets	4 404 000	4 181 000	3 882 000	3 415 000
Total Equity	2 071 000	2 039 000	1 691 000	1 067 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 367 000	5 501 000	5 693 000	5 082 000
Expenditure	6 262 000	5 006 000	4 819 000	4 617 000
Operating Profit	105 000	496 000	874 000	465 000
Financial Income	0	0	0	9 000
Financial Costs	64 000	50 000	75 000	119 000
Financial Balance	−64 000	−50 000	−75 000	−110 000
Earnings Before Tax	42 000	446 000	799 000	355 000
Tax	9 000	98 000	176 000	78 000
Net Income	32 000	348 000	623 000	276 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	137 000	100 000	147 000	245 000
Total Current Assets	4 267 000	4 081 000	3 735 000	3 170 000
Total Assets	4 404 000	4 181 000	3 882 000	3 415 000
Total Retained Equity	1 871 000	1 839 000	1 491 000	867 000
Total Equity	2 071 000	2 039 000	1 691 000	1 067 000
Total Long-Term Debt	453 000	728 000	965 000	877 000
Total Current Debt	1 880 000	1 415 000	1 226 000	1 471 000
Total Equity and Debt	4 404 000	4 181 000	3 882 000	3 415 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 731 000	5 288 000	5 233 000	5 002 000
Other Income	636 000	213 000	460 000	80 000
Revenue	6 367 000	5 501 000	5 693 000	5 082 000
Cost of Goods Sold	3 371 000	2 440 000	2 794 000	2 522 000
Salary Costs	1 888 000	1 636 000	1 085 000	1 227 000
Depreciation	31 000	51 000	45 000	33 000
Impairment	0	0	0	0
Expenditure	6 262 000	5 006 000	4 819 000	4 617 000
Operating Profit	105 000	496 000	874 000	465 000
Financial Income	0	0	0	9 000
Financial Costs	64 000	50 000	75 000	119 000
Financial Balance	−64 000	−50 000	−75 000	−110 000
Dividends	0	0	0	0
Net Income	32 000	348 000	623 000	276 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	11 000	8 000	181 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	128 000	89 000	139 000	65 000
Total Tangible Assets	128 000	89 000	139 000	65 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	137 000	100 000	147 000	245 000
Stock	4 053 000	3 582 000	2 797 000	2 856 000
Total Investments	0	0	0	0
Cash, Bank	97 000	437 000	883 000	72 000
Total Current Assets	4 267 000	4 081 000	3 735 000	3 170 000
Total Assets	4 404 000	4 181 000	3 882 000	3 415 000
Total Equity	2 071 000	2 039 000	1 691 000	1 067 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	453 000	728 000	965 000	877 000
Creditors	502 000	486 000	423 000	289 000
Unpaid Taxes	359 000	332 000	370 000	354 000
Dividends	0	0	0	0
Other Current Debt	705 000	496 000	431 000	542 000
Total Current Debt	1 880 000	1 415 000	1 226 000	1 471 000
Total Equity and Debt	4 404 000	4 181 000	3 882 000	3 415 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,55 %	17,07 %	36,84 %	25,87 %
Debt-to-Equity Ratio	0,22	0,36	0,57	0,82
Operating Profit Margin	1,65 %	9,02 %	15,35 %	9,15 %
Current Ratio	2,27	2,88	3,05	2,15
Quick Ratio	−1,96	−1,88	−2,38	−2,29
Equity Ratio	0,47	0,49	0,44	0,31
Gross Profit Margin	47,06 %	55,64 %	50,92 %	50,37 %