GARMSMIA AS

7054 RANHEIM

Finances

Share Ownership

Return on Equity

10,8 %

Current Ratio

4,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	716 000	1 139 000	1 429 000	1 593 000
Net Income	123 000	221 000	335 000	120 000
Total Assets	1 438 000	1 349 000	1 129 000	745 000
Total Equity	1 139 000	1 016 000	795 000	460 000

Income (NOK)	2022	2021	2020	2019
Revenue	716 000	1 139 000	1 429 000	1 593 000
Expenditure	550 000	856 000	1 001 000	1 350 000
Operating Profit	157 000	284 000	429 000	244 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	157 000	284 000	429 000	244 000
Tax	35 000	62 000	94 000	124 000
Net Income	123 000	221 000	335 000	120 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	79 000	118 000	42 000	29 000
Total Current Assets	1 359 000	1 231 000	1 087 000	716 000
Total Assets	1 438 000	1 349 000	1 129 000	745 000
Total Retained Equity	1 109 000	986 000	765 000	430 000
Total Equity	1 139 000	1 016 000	795 000	460 000
Total Long-Term Debt	1 000	6 000	2 000	2 000
Total Current Debt	298 000	327 000	331 000	283 000
Total Equity and Debt	1 438 000	1 349 000	1 129 000	745 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	716 000	1 139 000	1 429 000	1 593 000
Other Income	0	0	0	0
Revenue	716 000	1 139 000	1 429 000	1 593 000
Cost of Goods Sold	34 000	30 000	1 000	42 000
Salary Costs	342 000	742 000	907 000	1 027 000
Depreciation	52 000	25 000	12 000	1 000
Impairment	0	0	0	0
Expenditure	550 000	856 000	1 001 000	1 350 000
Operating Profit	157 000	284 000	429 000	244 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	123 000	221 000	335 000	120 000

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	79 000	118 000	42 000	29 000
Total Tangible Assets	79 000	118 000	42 000	29 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	79 000	118 000	42 000	29 000
Stock	0	2 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 282 000	1 068 000	989 000	576 000
Total Current Assets	1 359 000	1 231 000	1 087 000	716 000
Total Assets	1 438 000	1 349 000	1 129 000	745 000
Total Equity	1 139 000	1 016 000	795 000	460 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	6 000	2 000	2 000
Creditors	3 000	−10 000	−6 000	−8 000
Unpaid Taxes	191 000	212 000	178 000	173 000
Dividends	0	0	0	0
Other Current Debt	65 000	65 000	65 000	65 000
Total Current Debt	298 000	327 000	331 000	283 000
Total Equity and Debt	1 438 000	1 349 000	1 129 000	745 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,8 %	21,75 %	42,14 %	26,09 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	21,93 %	24,93 %	30,02 %	15,32 %
Current Ratio	4,56	3,76	3,28	2,53
Quick Ratio	4,56	3,79	3,28	2,53
Equity Ratio	0,79	0,75	0,7	0,62
Gross Profit Margin	95,25 %	97,37 %	99,93 %	97,36 %