GLOBAL TURF SYSTEMS AS

1474 LØRENSKOG

Finances

Share Ownership

Return on Equity

54,95 %

Current Ratio

1,11

Debt-to-Equity Ratio

0,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 844 000	11 228 000	5 089 000	3 477 000
Net Income	622 000	477 000	210 000	−200 000
Total Assets	7 037 000	3 048 000	2 051 000	1 575 000
Total Equity	1 132 000	509 000	212 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 844 000	11 228 000	5 089 000	3 477 000
Expenditure	7 928 000	10 619 000	4 840 000	3 680 000
Operating Profit	916 000	610 000	248 000	−202 000
Financial Income	0	0	0	0
Financial Costs	86 000	29 000	21 000	14 000
Financial Balance	−86 000	−29 000	−21 000	−14 000
Earnings Before Tax	830 000	581 000	228 000	−216 000
Tax	207 000	104 000	18 000	−15 000
Net Income	622 000	477 000	210 000	−200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 553 000	991 000	1 068 000	832 000
Total Current Assets	5 484 000	2 057 000	982 000	742 000
Total Assets	7 037 000	3 048 000	2 051 000	1 575 000
Total Retained Equity	1 102 000	479 000	182 000	−28 000
Total Equity	1 132 000	509 000	212 000	2 000
Total Long-Term Debt	966 000	687 000	1 000 000	489 000
Total Current Debt	4 939 000	1 852 000	839 000	1 083 000
Total Equity and Debt	7 037 000	3 048 000	2 051 000	1 575 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 844 000	11 228 000	5 089 000	3 393 000
Other Income	0	0	0	83 000
Revenue	8 844 000	11 228 000	5 089 000	3 477 000
Cost of Goods Sold	5 562 000	6 887 000	2 984 000	2 449 000
Salary Costs	943 000	2 655 000	1 069 000	395 000
Depreciation	416 000	310 000	144 000	166 000
Impairment	0	0	0	0
Expenditure	7 928 000	10 619 000	4 840 000	3 680 000
Operating Profit	916 000	610 000	248 000	−202 000
Financial Income	0	0	0	0
Financial Costs	86 000	29 000	21 000	14 000
Financial Balance	−86 000	−29 000	−21 000	−14 000
Dividends	0	180 000	0	0
Net Income	622 000	477 000	210 000	−200 000

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	1 061 000	356 000	272 000	402 000
Fixtures	492 000	635 000	797 000	430 000
Total Tangible Assets	1 553 000	991 000	1 068 000	832 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 553 000	991 000	1 068 000	832 000
Stock	5 222 000	645 000	390 000	420 000
Total Investments	0	0	0	0
Cash, Bank	103 000	1 257 000	455 000	252 000
Total Current Assets	5 484 000	2 057 000	982 000	742 000
Total Assets	7 037 000	3 048 000	2 051 000	1 575 000
Total Equity	1 132 000	509 000	212 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	966 000	687 000	1 000 000	489 000
Creditors	1 386 000	228 000	10 000	0
Unpaid Taxes	524 000	723 000	198 000	144 000
Dividends	0	180 000	0	0
Other Current Debt	1 652 000	783 000	631 000	939 000
Total Current Debt	4 939 000	1 852 000	839 000	1 083 000
Total Equity and Debt	7 037 000	3 048 000	2 051 000	1 575 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,95 %	93,71 %	99,06 %	−10 000 %
Debt-to-Equity Ratio	0,85	1,35	4,72	244,5
Operating Profit Margin	10,36 %	5,43 %	4,87 %	−5,81 %
Current Ratio	1,11	1,11	1,17	0,69
Quick Ratio	−19,38	1,7	2,19	1,12
Equity Ratio	0,16	0,17	0,1	0
Gross Profit Margin	37,11 %	38,66 %	41,36 %	29,57 %