GARNHIMMELEN AS

5519 HAUGESUND

Finances

Share Ownership

Return on Equity

1 355,56 %

Current Ratio

1,01

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 402 000	5 599 000	3 778 000	256 000
Net Income	488 000	464 000	628 000	−29 000
Total Assets	2 743 000	2 306 000	1 518 000	189 000
Total Equity	36 000	30 000	34 000	1 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 402 000	5 599 000	3 778 000	256 000
Expenditure	4 770 000	4 792 000	2 812 000	284 000
Operating Profit	631 000	806 000	966 000	−29 000
Financial Income	2 000	1 000	0	0
Financial Costs	8 000	202 000	169 000	0
Financial Balance	−6 000	−201 000	−169 000	0
Earnings Before Tax	626 000	606 000	797 000	−29 000
Tax	138 000	141 000	169 000	0
Net Income	488 000	464 000	628 000	−29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	27 000	20 000	25 000
Total Current Assets	2 727 000	2 279 000	1 499 000	164 000
Total Assets	2 743 000	2 306 000	1 518 000	189 000
Total Retained Equity	6 000	0	4 000	−29 000
Total Equity	36 000	30 000	34 000	1 000
Total Long-Term Debt	2 000	0	1 000	0
Total Current Debt	2 705 000	2 276 000	1 484 000	188 000
Total Equity and Debt	2 743 000	2 306 000	1 518 000	189 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 390 000	5 599 000	3 778 000	256 000
Other Income	12 000	−1 000	0	0
Revenue	5 402 000	5 599 000	3 778 000	256 000
Cost of Goods Sold	2 740 000	3 086 000	2 176 000	215 000
Salary Costs	599 000	1 083 000	23 000	1 000
Depreciation	11 000	10 000	5 000	0
Impairment	0	0	0	0
Expenditure	4 770 000	4 792 000	2 812 000	284 000
Operating Profit	631 000	806 000	966 000	−29 000
Financial Income	2 000	1 000	0	0
Financial Costs	8 000	202 000	169 000	0
Financial Balance	−6 000	−201 000	−169 000	0
Dividends	0	0	0	0
Net Income	488 000	464 000	628 000	−29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	15 000	20 000	25 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	12 000	0	0
Total Tangible Assets	6 000	12 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	27 000	20 000	25 000
Stock	1 498 000	1 404 000	473 000	77 000
Total Investments	0	0	0	0
Cash, Bank	980 000	648 000	859 000	37 000
Total Current Assets	2 727 000	2 279 000	1 499 000	164 000
Total Assets	2 743 000	2 306 000	1 518 000	189 000
Total Equity	36 000	30 000	34 000	1 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	1 000	0
Creditors	148 000	549 000	549 000	27 000
Unpaid Taxes	100 000	153 000	15 000	11 000
Dividends	0	0	0	0
Other Current Debt	2 456 000	1 563 000	920 000	150 000
Total Current Debt	2 705 000	2 276 000	1 484 000	188 000
Total Equity and Debt	2 743 000	2 306 000	1 518 000	189 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 355,56 %	1 546,67 %	1 847,06 %	−2 900 %
Debt-to-Equity Ratio	0,06	0	0,03	0
Operating Profit Margin	11,68 %	14,4 %	25,57 %	−11,33 %
Current Ratio	1,01	1	1,01	0,87
Quick Ratio	2,26	2,61	1,48	1,48
Equity Ratio	0,01	0,01	0,02	0,01
Gross Profit Margin	49,28 %	44,88 %	42,4 %	16,02 %