GULVSYSTEM AS

8013 BODØ

Finances

Share Ownership

Return on Equity

−29,33 %

Current Ratio

1,17

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 144 000	15 885 000	8 622 000	2 849 000
Net Income	−303 000	1 167 000	352 000	513 000
Total Assets	6 039 000	6 603 000	3 174 000	1 466 000
Total Equity	1 033 000	2 061 000	895 000	543 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 144 000	15 885 000	8 622 000	2 849 000
Expenditure	20 258 000	14 197 000	8 141 000	2 191 000
Operating Profit	−114 000	1 688 000	481 000	658 000
Financial Income	1 000	0	2 000	0
Financial Costs	126 000	157 000	30 000	0
Financial Balance	−125 000	−157 000	−28 000	0
Earnings Before Tax	−239 000	1 531 000	453 000	658 000
Tax	65 000	364 000	101 000	145 000
Net Income	−303 000	1 167 000	352 000	513 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	361 000	487 000	543 000	392 000
Total Current Assets	5 678 000	6 116 000	2 631 000	1 074 000
Total Assets	6 039 000	6 603 000	3 174 000	1 466 000
Total Retained Equity	1 003 000	2 031 000	865 000	513 000
Total Equity	1 033 000	2 061 000	895 000	543 000
Total Long-Term Debt	157 000	187 000	10 000	0
Total Current Debt	4 849 000	4 355 000	2 269 000	923 000
Total Equity and Debt	6 039 000	6 603 000	3 174 000	1 466 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 144 000	15 885 000	8 484 000	2 849 000
Other Income	0	0	138 000	0
Revenue	20 144 000	15 885 000	8 622 000	2 849 000
Cost of Goods Sold	7 216 000	3 924 000	2 207 000	744 000
Salary Costs	7 978 000	5 814 000	3 669 000	770 000
Depreciation	214 000	177 000	131 000	21 000
Impairment	0	0	0	0
Expenditure	20 258 000	14 197 000	8 141 000	2 191 000
Operating Profit	−114 000	1 688 000	481 000	658 000
Financial Income	1 000	0	2 000	0
Financial Costs	126 000	157 000	30 000	0
Financial Balance	−125 000	−157 000	−28 000	0
Dividends	0	0	0	0
Net Income	−303 000	1 167 000	352 000	513 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	65 000	0	43 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	18 000	0	0
Fixtures	301 000	368 000	344 000	240 000
Total Tangible Assets	301 000	385 000	344 000	240 000
Total Fiancial Fixed Assets	60 000	38 000	200 000	110 000
Total Fixed Assets	361 000	487 000	543 000	392 000
Stock	1 087 000	539 000	265 000	0
Total Investments	0	0	0	0
Cash, Bank	383 000	301 000	0	138 000
Total Current Assets	5 678 000	6 116 000	2 631 000	1 074 000
Total Assets	6 039 000	6 603 000	3 174 000	1 466 000
Total Equity	1 033 000	2 061 000	895 000	543 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	157 000	187 000	10 000	0
Creditors	2 051 000	2 093 000	1 393 000	276 000
Unpaid Taxes	2 010 000	1 250 000	250 000	335 000
Dividends	0	0	0	0
Other Current Debt	788 000	573 000	579 000	125 000
Total Current Debt	4 849 000	4 355 000	2 269 000	923 000
Total Equity and Debt	6 039 000	6 603 000	3 174 000	1 466 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,33 %	56,62 %	39,33 %	94,48 %
Debt-to-Equity Ratio	0,15	0,09	0,01	0
Operating Profit Margin	−0,57 %	10,63 %	5,58 %	23,1 %
Current Ratio	1,17	1,4	1,16	1,16
Quick Ratio	1,51	1,6	1,31	1,16
Equity Ratio	0,17	0,31	0,28	0,37
Gross Profit Margin	64,18 %	75,3 %	74,4 %	73,89 %