GLINT SOLAR AS

0160 OSLO

Finances

Return on Equity

−11,4 %

Current Ratio

11,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	5 310 000	3 862 000	1 867 000
Net Income	−3 449 000	185 000	−228 000
Total Assets	33 193 000	5 606 000	1 323 000
Total Equity	30 262 000	117 000	−198 000

Income (NOK)	2022	2021	2020
Revenue	5 310 000	3 862 000	1 867 000
Expenditure	8 865 000	3 699 000	2 079 000
Operating Profit	−3 555 000	163 000	−212 000
Financial Income	113 000	44 000	1 000
Financial Costs	7 000	21 000	17 000
Financial Balance	106 000	23 000	−16 000
Earnings Before Tax	−3 449 000	185 000	−228 000
Tax	0	0	0
Net Income	−3 449 000	185 000	−228 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	146 000	16 000	0
Total Current Assets	33 047 000	5 590 000	1 323 000
Total Assets	33 193 000	5 606 000	1 323 000
Total Retained Equity	−3 492 000	−43 000	−228 000
Total Equity	30 262 000	117 000	−198 000
Total Long-Term Debt	0	4 950 000	1 110 000
Total Current Debt	2 931 000	539 000	411 000
Total Equity and Debt	33 193 000	5 606 000	1 323 000

Cash flow (NOK)	2022	2021	2020
Sales Income	926 000	1 751 000	308 000
Other Income	4 384 000	2 111 000	1 560 000
Revenue	5 310 000	3 862 000	1 867 000
Cost of Goods Sold	129 000	519 000	585 000
Salary Costs	7 111 000	2 801 000	1 168 000
Depreciation	25 000	7 000	0
Impairment	0	0	0
Expenditure	8 865 000	3 699 000	2 079 000
Operating Profit	−3 555 000	163 000	−212 000
Financial Income	113 000	44 000	1 000
Financial Costs	7 000	21 000	17 000
Financial Balance	106 000	23 000	−16 000
Dividends	0	0	0
Net Income	−3 449 000	185 000	−228 000

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	146 000	16 000	0
Total Tangible Assets	146 000	16 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	146 000	16 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	31 500 000	5 294 000	1 323 000
Total Current Assets	33 047 000	5 590 000	1 323 000
Total Assets	33 193 000	5 606 000	1 323 000
Total Equity	30 262 000	117 000	−198 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	4 950 000	1 110 000
Creditors	221 000	18 000	160 000
Unpaid Taxes	813 000	237 000	142 000
Dividends	0	0	0
Other Current Debt	1 897 000	283 000	108 000
Total Current Debt	2 931 000	539 000	411 000
Total Equity and Debt	33 193 000	5 606 000	1 323 000

Financial indicators	2022	2021	2020
Return on Equity	−11,4 %	158,12 %	115,15 %
Debt-to-Equity Ratio	0	42,31	−5,61
Operating Profit Margin	−66,95 %	4,22 %	−11,36 %
Current Ratio	11,27	10,37	3,22
Quick Ratio	11,27	10,37	3,22
Equity Ratio	0,91	0,02	−0,15
Gross Profit Margin	97,57 %	86,56 %	68,67 %