GARNSERVICE AS

7740 STEINSDALEN

Finances

Share Ownership

Return on Equity

37,23 %

Current Ratio

0,43

Debt-to-Equity Ratio

−2,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	580 000	1 017 000	1 148 000	1 019 000
Net Income	−188 000	−233 000	−27 000	−148 000
Total Assets	2 503 000	2 079 000	2 206 000	2 227 000
Total Equity	−505 000	−317 000	−84 000	−57 000

Income (NOK)	2022	2021	2020	2019
Revenue	580 000	1 017 000	1 148 000	1 019 000
Expenditure	715 000	1 210 000	1 077 000	1 097 000
Operating Profit	−135 000	−193 000	70 000	−77 000
Financial Income	0	0	2 000	0
Financial Costs	105 000	106 000	107 000	112 000
Financial Balance	−105 000	−106 000	−105 000	−112 000
Earnings Before Tax	−241 000	−299 000	−35 000	−190 000
Tax	−53 000	−66 000	−8 000	−42 000
Net Income	−188 000	−233 000	−27 000	−148 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 687 000	1 633 000	1 752 000	1 835 000
Total Current Assets	816 000	446 000	454 000	391 000
Total Assets	2 503 000	2 079 000	2 206 000	2 227 000
Total Retained Equity	−915 000	−727 000	−494 000	−467 000
Total Equity	−505 000	−317 000	−84 000	−57 000
Total Long-Term Debt	1 099 000	1 210 000	1 331 000	1 436 000
Total Current Debt	1 909 000	1 186 000	960 000	847 000
Total Equity and Debt	2 503 000	2 079 000	2 206 000	2 227 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	520 000	957 000	1 088 000	959 000
Other Income	60 000	60 000	60 000	60 000
Revenue	580 000	1 017 000	1 148 000	1 019 000
Cost of Goods Sold	325 000	688 000	402 000	668 000
Salary Costs	203 000	296 000	451 000	209 000
Depreciation	76 000	108 000	108 000	104 000
Impairment	0	0	0	0
Expenditure	715 000	1 210 000	1 077 000	1 097 000
Operating Profit	−135 000	−193 000	70 000	−77 000
Financial Income	0	0	2 000	0
Financial Costs	105 000	106 000	107 000	112 000
Financial Balance	−105 000	−106 000	−105 000	−112 000
Dividends	0	0	0	0
Net Income	−188 000	−233 000	−27 000	−148 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	271 000	226 000	170 000	172 000
Real Eastate	1 416 000	1 484 000	1 552 000	1 601 000
Machinery and Plant Facilities	0	1 000	30 000	62 000
Fixtures	0	0	0	0
Total Tangible Assets	1 416 000	1 485 000	1 583 000	1 663 000
Total Fiancial Fixed Assets	0	−77 000	0	0
Total Fixed Assets	1 687 000	1 633 000	1 752 000	1 835 000
Stock	213 000	273 000	273 000	296 000
Total Investments	0	0	0	0
Cash, Bank	8 000	13 000	13 000	16 000
Total Current Assets	816 000	446 000	454 000	391 000
Total Assets	2 503 000	2 079 000	2 206 000	2 227 000
Total Equity	−505 000	−317 000	−84 000	−57 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 099 000	1 210 000	1 331 000	1 436 000
Creditors	61 000	59 000	194 000	134 000
Unpaid Taxes	516 000	39 000	27 000	76 000
Dividends	0	0	0	0
Other Current Debt	1 129 000	887 000	536 000	469 000
Total Current Debt	1 909 000	1 186 000	960 000	847 000
Total Equity and Debt	2 503 000	2 079 000	2 206 000	2 227 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,23 %	73,5 %	32,14 %	259,65 %
Debt-to-Equity Ratio	−2,18	−3,82	−15,85	−25,19
Operating Profit Margin	−23,28 %	−18,98 %	6,1 %	−7,56 %
Current Ratio	0,43	0,38	0,47	0,46
Quick Ratio	0,48	0,49	0,66	0,71
Equity Ratio	−0,2	−0,15	−0,04	−0,03
Gross Profit Margin	43,97 %	32,35 %	64,98 %	34,45 %