ERLEND GUNSTVEIT AS

4885 GRIMSTAD

Finances

Share Ownership

Return on Equity

1 105 %

Current Ratio

4,74

Debt-to-Equity Ratio

−90,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 914 000	2 052 000	810 000	257 000
Net Income	−221 000	464 000	−130 000	−104 000
Total Assets	1 987 000	2 066 000	1 106 000	727 000
Total Equity	−20 000	201 000	−263 000	−132 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 914 000	2 052 000	810 000	257 000
Expenditure	3 196 000	1 512 000	912 000	334 000
Operating Profit	−283 000	541 000	−102 000	−77 000
Financial Income	0	0	0	0
Financial Costs	0	29 000	29 000	27 000
Financial Balance	0	−29 000	−29 000	−27 000
Earnings Before Tax	−283 000	511 000	−130 000	−104 000
Tax	−62 000	50 000	0	0
Net Income	−221 000	464 000	−130 000	−104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 062 000	1 441 000	874 000	646 000
Total Current Assets	925 000	625 000	232 000	81 000
Total Assets	1 987 000	2 066 000	1 106 000	727 000
Total Retained Equity	−50 000	178 000	−286 000	−156 000
Total Equity	−20 000	201 000	−263 000	−132 000
Total Long-Term Debt	1 812 000	1 859 000	1 201 000	741 000
Total Current Debt	195 000	6 000	168 000	118 000
Total Equity and Debt	1 987 000	2 066 000	1 106 000	727 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 706 000	2 005 000	810 000	257 000
Other Income	207 000	47 000	0	0
Revenue	2 914 000	2 052 000	810 000	257 000
Cost of Goods Sold	366 000	176 000	246 000	40 000
Salary Costs	385 000	354 000	60 000	3 000
Depreciation	390 000	278 000	202 000	128 000
Impairment	0	0	0	0
Expenditure	3 196 000	1 512 000	912 000	334 000
Operating Profit	−283 000	541 000	−102 000	−77 000
Financial Income	0	0	0	0
Financial Costs	0	29 000	29 000	27 000
Financial Balance	0	−29 000	−29 000	−27 000
Dividends	0	0	0	0
Net Income	−221 000	464 000	−130 000	−104 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 047 000	1 441 000	874 000	646 000
Fixtures	0	0	0	0
Total Tangible Assets	1 047 000	1 441 000	874 000	646 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 062 000	1 441 000	874 000	646 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	524 000	444 000	198 000	38 000
Total Current Assets	925 000	625 000	232 000	81 000
Total Assets	1 987 000	2 066 000	1 106 000	727 000
Total Equity	−20 000	201 000	−263 000	−132 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 812 000	1 859 000	1 201 000	741 000
Creditors	102 000	−47 000	144 000	105 000
Unpaid Taxes	35 000	13 000	17 000	2 000
Dividends	0	0	0	0
Other Current Debt	58 000	37 000	6 000	10 000
Total Current Debt	195 000	6 000	168 000	118 000
Total Equity and Debt	1 987 000	2 066 000	1 106 000	727 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 105 %	230,85 %	49,43 %	78,79 %
Debt-to-Equity Ratio	−90,6	9,25	−4,57	−5,61
Operating Profit Margin	−9,71 %	26,36 %	−12,59 %	−29,96 %
Current Ratio	4,74	104,17	1,38	0,69
Quick Ratio	4,74	104,17	1,38	0,69
Equity Ratio	−0,01	0,1	−0,24	−0,18
Gross Profit Margin	87,44 %	91,42 %	69,63 %	84,44 %