IVAR GAUSTAD MALERSERVICE AS

5114 TERTNES

Finances

Share Ownership

Return on Equity

60,07 %

Current Ratio

0,62

Debt-to-Equity Ratio

−0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 471 000	11 442 000	7 385 000	5 469 000
Net Income	−504 000	−48 000	−458 000	125 000
Total Assets	917 000	1 463 000	414 000	602 000
Total Equity	−839 000	−335 000	−287 000	170 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 471 000	11 442 000	7 385 000	5 469 000
Expenditure	9 922 000	11 494 000	7 876 000	5 294 000
Operating Profit	−481 000	−51 000	−492 000	175 000
Financial Income	4 000	11 000	3 000	0
Financial Costs	26 000	9 000	8 000	11 000
Financial Balance	−22 000	2 000	−5 000	−11 000
Earnings Before Tax	−504 000	−48 000	−497 000	164 000
Tax	0	0	−39 000	39 000
Net Income	−504 000	−48 000	−458 000	125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	154 000	743 000	34 000	49 000
Total Current Assets	763 000	720 000	380 000	553 000
Total Assets	917 000	1 463 000	414 000	602 000
Total Retained Equity	−869 000	−365 000	−317 000	140 000
Total Equity	−839 000	−335 000	−287 000	170 000
Total Long-Term Debt	529 000	117 000	20 000	40 000
Total Current Debt	1 226 000	1 682 000	681 000	391 000
Total Equity and Debt	917 000	1 463 000	414 000	602 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 225 000	11 202 000	7 310 000	5 469 000
Other Income	246 000	241 000	75 000	0
Revenue	9 471 000	11 442 000	7 385 000	5 469 000
Cost of Goods Sold	4 906 000	5 271 000	4 072 000	3 397 000
Salary Costs	2 780 000	3 231 000	1 999 000	969 000
Depreciation	47 000	17 000	14 000	12 000
Impairment	0	0	0	0
Expenditure	9 922 000	11 494 000	7 876 000	5 294 000
Operating Profit	−481 000	−51 000	−492 000	175 000
Financial Income	4 000	11 000	3 000	0
Financial Costs	26 000	9 000	8 000	11 000
Financial Balance	−22 000	2 000	−5 000	−11 000
Dividends	0	0	0	0
Net Income	−504 000	−48 000	−458 000	125 000

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	152 000	154 000	34 000	49 000
Total Tangible Assets	152 000	154 000	34 000	49 000
Total Fiancial Fixed Assets	2 000	589 000	0	0
Total Fixed Assets	154 000	743 000	34 000	49 000
Stock	0	30 000	0	0
Total Investments	0	0	0	0
Cash, Bank	442 000	415 000	109 000	286 000
Total Current Assets	763 000	720 000	380 000	553 000
Total Assets	917 000	1 463 000	414 000	602 000
Total Equity	−839 000	−335 000	−287 000	170 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	529 000	117 000	20 000	40 000
Creditors	448 000	594 000	309 000	227 000
Unpaid Taxes	180 000	219 000	142 000	39 000
Dividends	0	0	0	0
Other Current Debt	598 000	469 000	230 000	85 000
Total Current Debt	1 226 000	1 682 000	681 000	391 000
Total Equity and Debt	917 000	1 463 000	414 000	602 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,07 %	14,33 %	159,58 %	73,53 %
Debt-to-Equity Ratio	−0,63	−0,35	−0,07	0,24
Operating Profit Margin	−5,08 %	−0,45 %	−6,66 %	3,2 %
Current Ratio	0,62	0,43	0,56	1,41
Quick Ratio	0,62	0,44	0,56	1,41
Equity Ratio	−0,91	−0,23	−0,69	0,28
Gross Profit Margin	48,2 %	53,93 %	44,86 %	37,89 %