GLADES PROPERTIES AS

1364 FORNEBU

Finances

Return on Equity

−16,84 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−623 000	6 926 000	2 386 000	−569 000
Total Assets	10 888 000	20 197 000	11 748 000	6 497 000
Total Equity	3 700 000	4 323 000	−2 603 000	−4 989 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	4 862 000	−2 093 000	153 000	725 000
Operating Profit	−4 861 000	2 092 000	−153 000	−725 000
Financial Income	3 500 000	6 788 000	4 480 000	0
Financial Costs	330 000	1 000	1 000	5 000
Financial Balance	3 170 000	6 787 000	4 479 000	−5 000
Earnings Before Tax	−1 691 000	8 880 000	4 325 000	−729 000
Tax	−1 068 000	1 954 000	1 939 000	−160 000
Net Income	−623 000	6 926 000	2 386 000	−569 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 911 000	10 808 000	7 024 000	6 426 000
Total Current Assets	5 977 000	9 389 000	4 724 000	72 000
Total Assets	10 888 000	20 197 000	11 748 000	6 497 000
Total Retained Equity	3 670 000	4 293 000	−2 633 000	−5 019 000
Total Equity	3 700 000	4 323 000	−2 603 000	−4 989 000
Total Long-Term Debt	2 200 000	2 524 000	13 850 000	11 100 000
Total Current Debt	4 988 000	13 350 000	501 000	386 000
Total Equity and Debt	10 888 000	20 197 000	11 748 000	6 497 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	33 000	0	0	−1 000
Salary Costs	4 547 000	75 000	76 000	115 000
Depreciation	1 000	13 000	13 000	12 000
Impairment	0	0	0	0
Expenditure	4 862 000	−2 093 000	153 000	725 000
Operating Profit	−4 861 000	2 092 000	−153 000	−725 000
Financial Income	3 500 000	6 788 000	4 480 000	0
Financial Costs	330 000	1 000	1 000	5 000
Financial Balance	3 170 000	6 787 000	4 479 000	−5 000
Dividends	0	0	0	0
Net Income	−623 000	6 926 000	2 386 000	−569 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	544 000	0	968 000	2 907 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	1 000	14 000	27 000
Total Tangible Assets	0	1 000	14 000	27 000
Total Fiancial Fixed Assets	4 367 000	10 807 000	6 042 000	3 492 000
Total Fixed Assets	4 911 000	10 808 000	7 024 000	6 426 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	33 000	126 000	181 000	10 000
Total Current Assets	5 977 000	9 389 000	4 724 000	72 000
Total Assets	10 888 000	20 197 000	11 748 000	6 497 000
Total Equity	3 700 000	4 323 000	−2 603 000	−4 989 000
Short-Term Group Debt	15 000	12 914 000	15 000	15 000
Total Long-Term Debt	2 200 000	2 524 000	13 850 000	11 100 000
Creditors	40 000	25 000	101 000	10 000
Unpaid Taxes	2 228 000	5 000	5 000	5 000
Dividends	0	0	0	0
Other Current Debt	2 706 000	406 000	379 000	356 000
Total Current Debt	4 988 000	13 350 000	501 000	386 000
Total Equity and Debt	10 888 000	20 197 000	11 748 000	6 497 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,84 %	160,21 %	−91,66 %	11,41 %
Debt-to-Equity Ratio	0,59	0,58	−5,32	−2,22
Operating Profit Margin	-	-	-	-
Current Ratio	1,2	0,7	9,43	0,19
Quick Ratio	1,2	0,7	9,43	0,19
Equity Ratio	0,34	0,21	−0,22	−0,77
Gross Profit Margin	-	-	-	-