GULVEX AS

2022 GJERDRUM

Finances

Share Ownership

Return on Equity

22,18 %

Current Ratio

2,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 009 000	1 586 000	426 000
Net Income	57 000	186 000	−17 000
Total Assets	386 000	340 000	68 000
Total Equity	257 000	200 000	13 000

Income (NOK)	2022	2021	2020
Revenue	1 009 000	1 586 000	426 000
Expenditure	935 000	1 345 000	437 000
Operating Profit	74 000	241 000	−11 000
Financial Income	0	0	0
Financial Costs	1 000	7 000	5 000
Financial Balance	−1 000	−7 000	−5 000
Earnings Before Tax	73 000	234 000	−17 000
Tax	16 000	48 000	0
Net Income	57 000	186 000	−17 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	88 000	175 000	0
Total Current Assets	298 000	165 000	68 000
Total Assets	386 000	340 000	68 000
Total Retained Equity	227 000	170 000	−17 000
Total Equity	257 000	200 000	13 000
Total Long-Term Debt	0	0	0
Total Current Debt	130 000	141 000	55 000
Total Equity and Debt	386 000	340 000	68 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 009 000	1 586 000	426 000
Other Income	0	0	0
Revenue	1 009 000	1 586 000	426 000
Cost of Goods Sold	877 000	1 200 000	134 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	935 000	1 345 000	437 000
Operating Profit	74 000	241 000	−11 000
Financial Income	0	0	0
Financial Costs	1 000	7 000	5 000
Financial Balance	−1 000	−7 000	−5 000
Dividends	0	0	0
Net Income	57 000	186 000	−17 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	88 000	175 000	0
Total Fixed Assets	88 000	175 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	94 000	67 000	42 000
Total Current Assets	298 000	165 000	68 000
Total Assets	386 000	340 000	68 000
Total Equity	257 000	200 000	13 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	92 000	69 000	44 000
Unpaid Taxes	22 000	24 000	11 000
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	130 000	141 000	55 000
Total Equity and Debt	386 000	340 000	68 000

Financial indicators	2022	2021	2020
Return on Equity	22,18 %	93 %	−130,77 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	7,33 %	15,2 %	−2,58 %
Current Ratio	2,29	1,17	1,24
Quick Ratio	2,29	1,17	1,24
Equity Ratio	0,67	0,59	0,19
Gross Profit Margin	13,08 %	24,34 %	68,54 %