GYNGEHESTEN AS

6800 FØRDE

Finances

Return on Equity

25,34 %

Current Ratio

2,62

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 756 000	13 308 000	11 282 000	9 297 000
Net Income	736 000	1 211 000	658 000	−218 000
Total Assets	5 792 000	6 132 000	4 582 000	4 248 000
Total Equity	2 905 000	2 170 000	1 359 000	700 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 756 000	13 308 000	11 282 000	9 297 000
Expenditure	11 728 000	11 671 000	10 327 000	9 443 000
Operating Profit	1 027 000	1 637 000	955 000	−145 000
Financial Income	2 000	0	1 000	0
Financial Costs	86 000	85 000	112 000	134 000
Financial Balance	−84 000	−85 000	−111 000	−134 000
Earnings Before Tax	943 000	1 553 000	844 000	−279 000
Tax	208 000	342 000	186 000	−61 000
Net Income	736 000	1 211 000	658 000	−218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	266 000	542 000	845 000	1 222 000
Total Current Assets	5 526 000	5 591 000	3 736 000	3 026 000
Total Assets	5 792 000	6 132 000	4 582 000	4 248 000
Total Retained Equity	2 405 000	1 670 000	859 000	200 000
Total Equity	2 905 000	2 170 000	1 359 000	700 000
Total Long-Term Debt	778 000	1 140 000	1 408 000	2 192 000
Total Current Debt	2 109 000	2 823 000	1 816 000	1 355 000
Total Equity and Debt	5 792 000	6 132 000	4 582 000	4 248 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 712 000	13 255 000	11 246 000	9 273 000
Other Income	44 000	53 000	36 000	24 000
Revenue	12 756 000	13 308 000	11 282 000	9 297 000
Cost of Goods Sold	7 763 000	8 012 000	6 812 000	5 911 000
Salary Costs	2 112 000	1 824 000	1 710 000	1 888 000
Depreciation	317 000	395 000	394 000	389 000
Impairment	0	0	0	0
Expenditure	11 728 000	11 671 000	10 327 000	9 443 000
Operating Profit	1 027 000	1 637 000	955 000	−145 000
Financial Income	2 000	0	1 000	0
Financial Costs	86 000	85 000	112 000	134 000
Financial Balance	−84 000	−85 000	−111 000	−134 000
Dividends	0	400 000	0	0
Net Income	736 000	1 211 000	658 000	−218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	240 000	560 000	880 000
Total Intangible Assets	129 000	328 000	597 000	900 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	137 000	214 000	249 000	322 000
Total Tangible Assets	137 000	214 000	249 000	322 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	266 000	542 000	845 000	1 222 000
Stock	3 170 000	2 903 000	2 456 000	2 259 000
Total Investments	15 000	0	0	0
Cash, Bank	2 062 000	2 633 000	1 137 000	693 000
Total Current Assets	5 526 000	5 591 000	3 736 000	3 026 000
Total Assets	5 792 000	6 132 000	4 582 000	4 248 000
Total Equity	2 905 000	2 170 000	1 359 000	700 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	778 000	1 140 000	1 408 000	2 192 000
Creditors	574 000	1 069 000	592 000	492 000
Unpaid Taxes	822 000	618 000	621 000	537 000
Dividends	0	400 000	0	0
Other Current Debt	464 000	343 000	400 000	326 000
Total Current Debt	2 109 000	2 823 000	1 816 000	1 355 000
Total Equity and Debt	5 792 000	6 132 000	4 582 000	4 248 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,34 %	55,81 %	48,42 %	−31,14 %
Debt-to-Equity Ratio	0,27	0,53	1,04	3,13
Operating Profit Margin	8,05 %	12,3 %	8,46 %	−1,56 %
Current Ratio	2,62	1,98	2,06	2,23
Quick Ratio	−5,21	−69,89	−5,84	−3,35
Equity Ratio	0,5	0,35	0,3	0,16
Gross Profit Margin	39,14 %	39,8 %	39,62 %	36,42 %