GLITCH STUDIOS AS

2386 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

83,02 %

Current Ratio

2,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 599 000	6 927 000	6 356 000	7 069 000
Net Income	1 027 000	−197 000	−52 000	146 000
Total Assets	2 092 000	1 520 000	3 216 000	1 493 000
Total Equity	1 237 000	210 000	407 000	459 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 599 000	6 927 000	6 356 000	7 069 000
Expenditure	7 221 000	7 061 000	6 343 000	6 898 000
Operating Profit	1 377 000	−134 000	14 000	171 000
Financial Income	50 000	133 000	8 000	67 000
Financial Costs	140 000	197 000	77 000	47 000
Financial Balance	−90 000	−64 000	−69 000	20 000
Earnings Before Tax	1 287 000	−198 000	−54 000	191 000
Tax	259 000	−1 000	−3 000	45 000
Net Income	1 027 000	−197 000	−52 000	146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	308 000	249 000	265 000	273 000
Total Current Assets	1 784 000	1 272 000	2 951 000	1 220 000
Total Assets	2 092 000	1 520 000	3 216 000	1 493 000
Total Retained Equity	1 207 000	180 000	377 000	429 000
Total Equity	1 237 000	210 000	407 000	459 000
Total Long-Term Debt	0	0	1 000	6 000
Total Current Debt	855 000	1 310 000	2 808 000	1 028 000
Total Equity and Debt	2 092 000	1 520 000	3 216 000	1 493 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 599 000	6 845 000	6 166 000	7 069 000
Other Income	0	82 000	190 000	1 000
Revenue	8 599 000	6 927 000	6 356 000	7 069 000
Cost of Goods Sold	3 890 000	2 784 000	3 681 000	3 844 000
Salary Costs	1 606 000	2 250 000	1 840 000	1 838 000
Depreciation	54 000	91 000	88 000	70 000
Impairment	0	0	0	0
Expenditure	7 221 000	7 061 000	6 343 000	6 898 000
Operating Profit	1 377 000	−134 000	14 000	171 000
Financial Income	50 000	133 000	8 000	67 000
Financial Costs	140 000	197 000	77 000	47 000
Financial Balance	−90 000	−64 000	−69 000	20 000
Dividends	0	0	0	0
Net Income	1 027 000	−197 000	−52 000	146 000

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	36 000	90 000	157 000	198 000
Total Tangible Assets	36 000	90 000	157 000	198 000
Total Fiancial Fixed Assets	272 000	158 000	108 000	75 000
Total Fixed Assets	308 000	249 000	265 000	273 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	633 000	159 000	640 000	629 000
Total Current Assets	1 784 000	1 272 000	2 951 000	1 220 000
Total Assets	2 092 000	1 520 000	3 216 000	1 493 000
Total Equity	1 237 000	210 000	407 000	459 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	6 000
Creditors	71 000	369 000	292 000	83 000
Unpaid Taxes	377 000	261 000	1 097 000	525 000
Dividends	0	0	0	0
Other Current Debt	148 000	680 000	1 417 000	376 000
Total Current Debt	855 000	1 310 000	2 808 000	1 028 000
Total Equity and Debt	2 092 000	1 520 000	3 216 000	1 493 000

Financial indicators	2022	2021	2020	2019
Return on Equity	83,02 %	−93,81 %	−12,78 %	31,81 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	16,01 %	−1,93 %	0,22 %	2,42 %
Current Ratio	2,09	0,97	1,05	1,19
Quick Ratio	2,09	0,97	1,05	1,19
Equity Ratio	0,59	0,14	0,13	0,31
Gross Profit Margin	54,76 %	59,81 %	42,09 %	45,62 %