GARNBØRSEN AS

4009 STAVANGER

Finances

Share Ownership

Return on Equity

−9,13 %

Current Ratio

2,42

Debt-to-Equity Ratio

1,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 397 000	2 804 000	2 286 000	1 064 000
Net Income	−20 000	5 000	137 000	3 000
Total Assets	766 000	750 000	757 000	401 000
Total Equity	219 000	239 000	234 000	97 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 397 000	2 804 000	2 286 000	1 064 000
Expenditure	1 383 000	2 801 000	2 112 000	1 058 000
Operating Profit	14 000	2 000	175 000	6 000
Financial Income	0	0	0	0
Financial Costs	33 000	0	0	0
Financial Balance	−33 000	0	0	0
Earnings Before Tax	−19 000	2 000	175 000	6 000
Tax	0	−3 000	39 000	3 000
Net Income	−20 000	5 000	137 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 000	29 000	36 000	0
Total Current Assets	744 000	721 000	721 000	401 000
Total Assets	766 000	750 000	757 000	401 000
Total Retained Equity	164 000	183 000	178 000	41 000
Total Equity	219 000	239 000	234 000	97 000
Total Long-Term Debt	239 000	206 000	206 000	206 000
Total Current Debt	308 000	305 000	318 000	98 000
Total Equity and Debt	766 000	750 000	757 000	401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 397 000	2 804 000	2 286 000	1 064 000
Other Income	0	0	0	0
Revenue	1 397 000	2 804 000	2 286 000	1 064 000
Cost of Goods Sold	798 000	1 780 000	1 557 000	768 000
Salary Costs	220 000	385 000	156 000	87 000
Depreciation	7 000	7 000	1 000	0
Impairment	0	0	0	0
Expenditure	1 383 000	2 801 000	2 112 000	1 058 000
Operating Profit	14 000	2 000	175 000	6 000
Financial Income	0	0	0	0
Financial Costs	33 000	0	0	0
Financial Balance	−33 000	0	0	0
Dividends	0	0	0	0
Net Income	−20 000	5 000	137 000	3 000

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	22 000	29 000	36 000	0
Fixtures	0	0	0	0
Total Tangible Assets	22 000	29 000	36 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 000	29 000	36 000	0
Stock	639 000	638 000	586 000	347 000
Total Investments	0	0	0	0
Cash, Bank	55 000	77 000	115 000	26 000
Total Current Assets	744 000	721 000	721 000	401 000
Total Assets	766 000	750 000	757 000	401 000
Total Equity	219 000	239 000	234 000	97 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	239 000	206 000	206 000	206 000
Creditors	0	7 000	121 000	−3 000
Unpaid Taxes	32 000	36 000	37 000	10 000
Dividends	0	0	0	0
Other Current Debt	276 000	263 000	119 000	88 000
Total Current Debt	308 000	305 000	318 000	98 000
Total Equity and Debt	766 000	750 000	757 000	401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,13 %	2,09 %	58,55 %	3,09 %
Debt-to-Equity Ratio	1,09	0,86	0,88	2,12
Operating Profit Margin	1 %	0,07 %	7,66 %	0,56 %
Current Ratio	2,42	2,36	2,27	4,09
Quick Ratio	−2,25	−2,17	−2,69	−1,61
Equity Ratio	0,29	0,32	0,31	0,24
Gross Profit Margin	42,88 %	36,52 %	31,89 %	27,82 %