GLIMRE AS

3570 ÅL

Finances

Return on Equity

57,21 %

Current Ratio

1,07

Debt-to-Equity Ratio

2,9

Key figures (NOK)	2022	2021	2020
Revenue	3 137 000	2 800 000	1 841 000
Net Income	119 000	27 000	32 000
Total Assets	1 399 000	1 520 000	297 000
Total Equity	208 000	89 000	62 000

Income (NOK)	2022	2021	2020
Revenue	3 137 000	2 800 000	1 841 000
Expenditure	2 952 000	2 743 000	1 797 000
Operating Profit	185 000	56 000	44 000
Financial Income	11 000	5 000	0
Financial Costs	44 000	26 000	1 000
Financial Balance	−33 000	−21 000	−1 000
Earnings Before Tax	152 000	34 000	43 000
Tax	33 000	8 000	11 000
Net Income	119 000	27 000	32 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	768 000	922 000	33 000
Total Current Assets	631 000	598 000	264 000
Total Assets	1 399 000	1 520 000	297 000
Total Retained Equity	178 000	59 000	32 000
Total Equity	208 000	89 000	62 000
Total Long-Term Debt	604 000	666 000	2 000
Total Current Debt	588 000	765 000	233 000
Total Equity and Debt	1 399 000	1 520 000	297 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 220 000	2 717 000	1 841 000
Other Income	−83 000	83 000	0
Revenue	3 137 000	2 800 000	1 841 000
Cost of Goods Sold	979 000	951 000	590 000
Salary Costs	1 400 000	1 231 000	839 000
Depreciation	63 000	44 000	2 000
Impairment	0	0	0
Expenditure	2 952 000	2 743 000	1 797 000
Operating Profit	185 000	56 000	44 000
Financial Income	11 000	5 000	0
Financial Costs	44 000	26 000	1 000
Financial Balance	−33 000	−21 000	−1 000
Dividends	0	0	0
Net Income	119 000	27 000	32 000

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	206 000	269 000	33 000
Total Tangible Assets	206 000	269 000	33 000
Total Fiancial Fixed Assets	562 000	653 000	0
Total Fixed Assets	768 000	922 000	33 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	235 000	92 000	216 000
Total Current Assets	631 000	598 000	264 000
Total Assets	1 399 000	1 520 000	297 000
Total Equity	208 000	89 000	62 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	604 000	666 000	2 000
Creditors	108 000	227 000	44 000
Unpaid Taxes	190 000	264 000	66 000
Dividends	0	0	0
Other Current Debt	255 000	274 000	114 000
Total Current Debt	588 000	765 000	233 000
Total Equity and Debt	1 399 000	1 520 000	297 000

Financial indicators	2022	2021	2020
Return on Equity	57,21 %	30,34 %	51,61 %
Debt-to-Equity Ratio	2,9	7,48	0,03
Operating Profit Margin	5,9 %	2 %	2,39 %
Current Ratio	1,07	0,78	1,13
Quick Ratio	1,07	0,78	1,13
Equity Ratio	0,15	0,06	0,21
Gross Profit Margin	68,79 %	66,04 %	67,95 %