GLS REAL ESTATE AS

0252 OSLO

Finances

Return on Equity

18,4 %

Current Ratio

9,13

Debt-to-Equity Ratio

1,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	1 176 000
Net Income	30 808 000	20 526 000	40 291 000	32 926 000
Total Assets	418 503 000	398 699 000	301 837 000	215 203 000
Total Equity	167 422 000	136 613 000	83 722 000	5 431 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	1 176 000
Expenditure	6 099 000	3 956 000	4 088 000	3 583 000
Operating Profit	−6 099 000	−3 956 000	−4 088 000	−2 408 000
Financial Income	68 770 000	100 335 000	62 800 000	47 726 000
Financial Costs	27 767 000	69 377 000	19 229 000	12 251 000
Financial Balance	41 003 000	30 958 000	43 571 000	35 475 000
Earnings Before Tax	34 904 000	27 002 000	39 483 000	33 067 000
Tax	4 096 000	6 476 000	−808 000	141 000
Net Income	30 808 000	20 526 000	40 291 000	32 926 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	368 018 000	286 311 000	223 045 000	190 849 000
Total Current Assets	50 485 000	112 387 000	78 792 000	24 354 000
Total Assets	418 503 000	398 699 000	301 837 000	215 203 000
Total Retained Equity	40 869 000	10 061 000	−10 250 000	−50 542 000
Total Equity	167 422 000	136 613 000	83 722 000	5 431 000
Total Long-Term Debt	245 550 000	253 895 000	214 312 000	205 196 000
Total Current Debt	5 531 000	8 190 000	3 803 000	4 576 000
Total Equity and Debt	418 503 000	398 699 000	301 837 000	215 203 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	1 176 000
Other Income	0	0	0	0
Revenue	0	0	0	1 176 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 348 000	267 000	−96 000	1 013 000
Depreciation	23 000	25 000	25 000	318 000
Impairment	0	0	0	0
Expenditure	6 099 000	3 956 000	4 088 000	3 583 000
Operating Profit	−6 099 000	−3 956 000	−4 088 000	−2 408 000
Financial Income	68 770 000	100 335 000	62 800 000	47 726 000
Financial Costs	27 767 000	69 377 000	19 229 000	12 251 000
Financial Balance	41 003 000	30 958 000	43 571 000	35 475 000
Dividends	0	0	0	0
Net Income	30 808 000	20 526 000	40 291 000	32 926 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	25 000	0	663 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	23 000	48 000	73 000
Total Tangible Assets	0	23 000	48 000	73 000
Total Fiancial Fixed Assets	367 993 000	286 288 000	222 334 000	190 776 000
Total Fixed Assets	368 018 000	286 311 000	223 045 000	190 849 000
Stock	0	0	0	0
Total Investments	30 708 000	36 661 000	52 222 000	2 199 000
Cash, Bank	14 007 000	46 505 000	13 819 000	5 433 000
Total Current Assets	50 485 000	112 387 000	78 792 000	24 354 000
Total Assets	418 503 000	398 699 000	301 837 000	215 203 000
Total Equity	167 422 000	136 613 000	83 722 000	5 431 000
Short-Term Group Debt	0	775 000	701 000	1 980 000
Total Long-Term Debt	245 550 000	253 895 000	214 312 000	205 196 000
Creditors	189 000	177 000	238 000	401 000
Unpaid Taxes	93 000	25 000	0	60 000
Dividends	0	0	0	0
Other Current Debt	1 129 000	1 401 000	2 864 000	1 992 000
Total Current Debt	5 531 000	8 190 000	3 803 000	4 576 000
Total Equity and Debt	418 503 000	398 699 000	301 837 000	215 203 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,4 %	15,02 %	48,12 %	606,26 %
Debt-to-Equity Ratio	1,47	1,86	2,56	37,78
Operating Profit Margin	-	-	-	−204,76 %
Current Ratio	9,13	13,72	20,72	5,32
Quick Ratio	9,13	13,72	20,72	5,32
Equity Ratio	0,4	0,34	0,28	0,03
Gross Profit Margin	-	-	-	100 %