GARTNAR HELLELAND AS

0356 OSLO

Finances

Share Ownership

Return on Equity

31,5 %

Current Ratio

2,51

Debt-to-Equity Ratio

0,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 893 000	6 536 000	7 097 000	5 693 000
Net Income	549 000	685 000	943 000	619 000
Total Assets	3 283 000	3 289 000	3 096 000	1 955 000
Total Equity	1 743 000	1 744 000	1 510 000	566 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 893 000	6 536 000	7 097 000	5 693 000
Expenditure	5 163 000	5 643 000	5 861 000	4 874 000
Operating Profit	731 000	893 000	1 236 000	819 000
Financial Income	3 000	9 000	8 000	2 000
Financial Costs	30 000	25 000	34 000	26 000
Financial Balance	−27 000	−16 000	−26 000	−24 000
Earnings Before Tax	704 000	878 000	1 210 000	794 000
Tax	155 000	193 000	267 000	175 000
Net Income	549 000	685 000	943 000	619 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 012 000	710 000	838 000	549 000
Total Current Assets	2 271 000	2 579 000	2 258 000	1 406 000
Total Assets	3 283 000	3 289 000	3 096 000	1 955 000
Total Retained Equity	1 712 000	1 713 000	1 479 000	535 000
Total Equity	1 743 000	1 744 000	1 510 000	566 000
Total Long-Term Debt	635 000	483 000	618 000	421 000
Total Current Debt	904 000	1 062 000	968 000	968 000
Total Equity and Debt	3 283 000	3 289 000	3 096 000	1 955 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 805 000	6 536 000	7 045 000	5 693 000
Other Income	88 000	0	53 000	0
Revenue	5 893 000	6 536 000	7 097 000	5 693 000
Cost of Goods Sold	1 518 000	2 449 000	2 424 000	1 845 000
Salary Costs	2 837 000	2 525 000	2 645 000	2 361 000
Depreciation	163 000	175 000	143 000	137 000
Impairment	0	0	0	0
Expenditure	5 163 000	5 643 000	5 861 000	4 874 000
Operating Profit	731 000	893 000	1 236 000	819 000
Financial Income	3 000	9 000	8 000	2 000
Financial Costs	30 000	25 000	34 000	26 000
Financial Balance	−27 000	−16 000	−26 000	−24 000
Dividends	0	0	0	100 000
Net Income	549 000	685 000	943 000	619 000

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	176 000	158 000	179 000	40 000
Fixtures	836 000	552 000	659 000	509 000
Total Tangible Assets	1 012 000	710 000	838 000	549 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 012 000	710 000	838 000	549 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 639 000	2 177 000	2 057 000	893 000
Total Current Assets	2 271 000	2 579 000	2 258 000	1 406 000
Total Assets	3 283 000	3 289 000	3 096 000	1 955 000
Total Equity	1 743 000	1 744 000	1 510 000	566 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	635 000	483 000	618 000	421 000
Creditors	182 000	103 000	28 000	92 000
Unpaid Taxes	335 000	526 000	416 000	387 000
Dividends	0	0	0	100 000
Other Current Debt	266 000	238 000	282 000	214 000
Total Current Debt	904 000	1 062 000	968 000	968 000
Total Equity and Debt	3 283 000	3 289 000	3 096 000	1 955 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,5 %	39,28 %	62,45 %	109,36 %
Debt-to-Equity Ratio	0,36	0,28	0,41	0,74
Operating Profit Margin	12,4 %	13,66 %	17,42 %	14,39 %
Current Ratio	2,51	2,43	2,33	1,45
Quick Ratio	2,51	2,43	2,33	1,45
Equity Ratio	0,53	0,53	0,49	0,29
Gross Profit Margin	74,24 %	62,53 %	65,84 %	67,59 %