GLASS SYSTEM AS

1827 HOBØL

Finances

Share Ownership

Return on Equity

1,71 %

Current Ratio

3,75

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 984 000	4 152 000	3 414 000	3 023 000
Net Income	11 000	271 000	122 000	75 000
Total Assets	1 235 000	1 473 000	636 000	522 000
Total Equity	644 000	633 000	362 000	241 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 984 000	4 152 000	3 414 000	3 023 000
Expenditure	5 970 000	3 784 000	3 209 000	2 917 000
Operating Profit	14 000	368 000	205 000	105 000
Financial Income	52 000	13 000	18 000	2 000
Financial Costs	52 000	34 000	66 000	11 000
Financial Balance	0	−21 000	−48 000	−9 000
Earnings Before Tax	14 000	347 000	156 000	96 000
Tax	3 000	76 000	35 000	21 000
Net Income	11 000	271 000	122 000	75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	306 000	356 000	0	0
Total Current Assets	929 000	1 117 000	636 000	522 000
Total Assets	1 235 000	1 473 000	636 000	522 000
Total Retained Equity	614 000	603 000	332 000	211 000
Total Equity	644 000	633 000	362 000	241 000
Total Long-Term Debt	343 000	385 000	0	0
Total Current Debt	248 000	455 000	273 000	281 000
Total Equity and Debt	1 235 000	1 473 000	636 000	522 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 984 000	4 152 000	3 414 000	3 023 000
Other Income	0	0	0	0
Revenue	5 984 000	4 152 000	3 414 000	3 023 000
Cost of Goods Sold	4 519 000	2 359 000	2 121 000	2 026 000
Salary Costs	897 000	846 000	657 000	666 000
Depreciation	50 000	19 000	0	0
Impairment	0	0	0	0
Expenditure	5 970 000	3 784 000	3 209 000	2 917 000
Operating Profit	14 000	368 000	205 000	105 000
Financial Income	52 000	13 000	18 000	2 000
Financial Costs	52 000	34 000	66 000	11 000
Financial Balance	0	−21 000	−48 000	−9 000
Dividends	0	0	0	0
Net Income	11 000	271 000	122 000	75 000

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	306 000	356 000	0	0
Total Tangible Assets	306 000	356 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	306 000	356 000	0	0
Stock	22 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	702 000	671 000	572 000	442 000
Total Current Assets	929 000	1 117 000	636 000	522 000
Total Assets	1 235 000	1 473 000	636 000	522 000
Total Equity	644 000	633 000	362 000	241 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	343 000	385 000	0	0
Creditors	1 000	46 000	40 000	64 000
Unpaid Taxes	147 000	253 000	112 000	117 000
Dividends	0	0	0	0
Other Current Debt	99 000	92 000	87 000	79 000
Total Current Debt	248 000	455 000	273 000	281 000
Total Equity and Debt	1 235 000	1 473 000	636 000	522 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,71 %	42,81 %	33,7 %	31,12 %
Debt-to-Equity Ratio	0,53	0,61	0	0
Operating Profit Margin	0,23 %	8,86 %	6 %	3,47 %
Current Ratio	3,75	2,45	2,33	1,86
Quick Ratio	4,11	2,45	2,33	1,86
Equity Ratio	0,52	0,43	0,57	0,46
Gross Profit Margin	24,48 %	43,18 %	37,87 %	32,98 %