GLØD EXPLORER AS

9518 ALTA

Finances

Return on Equity

1 628,57 %

Current Ratio

1,54

Debt-to-Equity Ratio

192,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 180 000	6 094 000	6 861 000	9 882 000
Net Income	228 000	−632 000	−172 000	895 000
Total Assets	4 400 000	3 281 000	3 553 000	4 298 000
Total Equity	14 000	−214 000	418 000	590 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 180 000	6 094 000	6 861 000	9 882 000
Expenditure	10 843 000	6 869 000	7 023 000	8 738 000
Operating Profit	337 000	−774 000	−162 000	1 144 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	73 000	66 000	63 000	54 000
Financial Balance	−73 000	−65 000	−62 000	−53 000
Earnings Before Tax	264 000	−839 000	−224 000	1 091 000
Tax	36 000	−207 000	−52 000	196 000
Net Income	228 000	−632 000	−172 000	895 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 798 000	2 043 000	2 274 000	2 457 000
Total Current Assets	2 602 000	1 238 000	1 279 000	1 841 000
Total Assets	4 400 000	3 281 000	3 553 000	4 298 000
Total Retained Equity	−16 000	−244 000	388 000	560 000
Total Equity	14 000	−214 000	418 000	590 000
Total Long-Term Debt	2 698 000	2 536 000	2 317 000	1 736 000
Total Current Debt	1 687 000	959 000	818 000	1 971 000
Total Equity and Debt	4 400 000	3 281 000	3 553 000	4 298 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 042 000	4 235 000	6 078 000	9 860 000
Other Income	138 000	1 859 000	782 000	23 000
Revenue	11 180 000	6 094 000	6 861 000	9 882 000
Cost of Goods Sold	2 417 000	965 000	1 071 000	2 038 000
Salary Costs	4 324 000	2 467 000	2 546 000	3 265 000
Depreciation	689 000	719 000	673 000	395 000
Impairment	0	0	0	0
Expenditure	10 843 000	6 869 000	7 023 000	8 738 000
Operating Profit	337 000	−774 000	−162 000	1 144 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	73 000	66 000	63 000	54 000
Financial Balance	−73 000	−65 000	−62 000	−53 000
Dividends	0	0	0	0
Net Income	228 000	−632 000	−172 000	895 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	178 000	214 000	7 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 545 000	1 754 000	2 192 000	2 369 000
Total Tangible Assets	1 545 000	1 754 000	2 192 000	2 369 000
Total Fiancial Fixed Assets	75 000	75 000	75 000	85 000
Total Fixed Assets	1 798 000	2 043 000	2 274 000	2 457 000
Stock	107 000	65 000	66 000	70 000
Total Investments	0	0	0	0
Cash, Bank	681 000	357 000	466 000	223 000
Total Current Assets	2 602 000	1 238 000	1 279 000	1 841 000
Total Assets	4 400 000	3 281 000	3 553 000	4 298 000
Total Equity	14 000	−214 000	418 000	590 000
Short-Term Group Debt	0	0	0	647 000
Total Long-Term Debt	2 698 000	2 536 000	2 317 000	1 736 000
Creditors	742 000	246 000	173 000	435 000
Unpaid Taxes	237 000	121 000	67 000	120 000
Dividends	0	0	0	0
Other Current Debt	708 000	591 000	577 000	721 000
Total Current Debt	1 687 000	959 000	818 000	1 971 000
Total Equity and Debt	4 400 000	3 281 000	3 553 000	4 298 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 628,57 %	295,33 %	−41,15 %	151,69 %
Debt-to-Equity Ratio	192,71	−11,85	5,54	2,94
Operating Profit Margin	3,01 %	−12,7 %	−2,36 %	11,58 %
Current Ratio	1,54	1,29	1,56	0,93
Quick Ratio	1,65	1,38	1,7	0,97
Equity Ratio	0	−0,07	0,12	0,14
Gross Profit Margin	78,38 %	84,16 %	84,39 %	79,38 %