GLASAXEN AS

1653 SELLEBAKK

Finances

Share Ownership

Return on Equity

15,53 %

Current Ratio

3,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	877 000	793 000	719 000	727 000
Net Income	34 000	57 000	40 000	4 000
Total Assets	323 000	325 000	309 000	179 000
Total Equity	219 000	185 000	127 000	87 000

Income (NOK)	2022	2021	2020	2019
Revenue	877 000	793 000	719 000	727 000
Expenditure	682 000	622 000	583 000	718 000
Operating Profit	44 000	73 000	55 000	9 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	1 000
Financial Balance	0	−1 000	0	−1 000
Earnings Before Tax	44 000	72 000	55 000	8 000
Tax	10 000	15 000	15 000	4 000
Net Income	34 000	57 000	40 000	4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	18 000
Total Current Assets	323 000	325 000	309 000	161 000
Total Assets	323 000	325 000	309 000	179 000
Total Retained Equity	189 000	155 000	97 000	57 000
Total Equity	219 000	185 000	127 000	87 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	104 000	140 000	182 000	92 000
Total Equity and Debt	323 000	325 000	309 000	179 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	877 000	763 000	705 000	727 000
Other Income	0	30 000	14 000	0
Revenue	877 000	793 000	719 000	727 000
Cost of Goods Sold	2 000	0	0	125 000
Salary Costs	425 000	377 000	329 000	382 000
Depreciation	0	0	18 000	20 000
Impairment	0	0	0	0
Expenditure	682 000	622 000	583 000	718 000
Operating Profit	44 000	73 000	55 000	9 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	1 000
Financial Balance	0	−1 000	0	−1 000
Dividends	0	0	0	0
Net Income	34 000	57 000	40 000	4 000

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	0	0	0	18 000
Total Tangible Assets	0	0	0	18 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	18 000
Stock	157 000	168 000	133 000	81 000
Total Investments	0	0	0	0
Cash, Bank	150 000	155 000	158 000	68 000
Total Current Assets	323 000	325 000	309 000	161 000
Total Assets	323 000	325 000	309 000	179 000
Total Equity	219 000	185 000	127 000	87 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	28 000	81 000	13 000
Unpaid Taxes	50 000	49 000	47 000	39 000
Dividends	0	0	0	0
Other Current Debt	34 000	48 000	39 000	36 000
Total Current Debt	104 000	140 000	182 000	92 000
Total Equity and Debt	323 000	325 000	309 000	179 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,53 %	30,81 %	31,5 %	4,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,02 %	9,21 %	7,65 %	1,24 %
Current Ratio	3,11	2,32	1,7	1,75
Quick Ratio	−6,09	−11,61	6,31	14,64
Equity Ratio	0,68	0,57	0,41	0,49
Gross Profit Margin	99,77 %	100 %	100 %	82,81 %