TS GLASSFIBERSERVICE AS

7900 RØRVIK

Finances

Share Ownership

Return on Equity

−5,36 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	408 000	197 000	106 000
Net Income	−3 000	3 000	32 000
Total Assets	128 000	92 000	101 000
Total Equity	56 000	59 000	56 000

Income (NOK)	2022	2021	2020
Revenue	408 000	197 000	106 000
Expenditure	412 000	193 000	67 000
Operating Profit	−4 000	4 000	39 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	−4 000	4 000	39 000
Tax	−1 000	1 000	7 000
Net Income	−3 000	3 000	32 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	14 000	18 000	0
Total Current Assets	114 000	73 000	101 000
Total Assets	128 000	92 000	101 000
Total Retained Equity	31 000	35 000	32 000
Total Equity	56 000	59 000	56 000
Total Long-Term Debt	0	1 000	0
Total Current Debt	72 000	32 000	45 000
Total Equity and Debt	128 000	92 000	101 000

Cash flow (NOK)	2022	2021	2020
Sales Income	408 000	197 000	106 000
Other Income	0	0	0
Revenue	408 000	197 000	106 000
Cost of Goods Sold	27 000	7 000	1 000
Salary Costs	307 000	123 000	43 000
Depreciation	4 000	2 000	0
Impairment	0	0	0
Expenditure	412 000	193 000	67 000
Operating Profit	−4 000	4 000	39 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	−3 000	3 000	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	14 000	18 000	0
Total Tangible Assets	14 000	18 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	14 000	18 000	0
Stock	7 000	7 000	7 000
Total Investments	0	0	0
Cash, Bank	78 000	28 000	76 000
Total Current Assets	114 000	73 000	101 000
Total Assets	128 000	92 000	101 000
Total Equity	56 000	59 000	56 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	1 000	0
Creditors	7 000	2 000	0
Unpaid Taxes	38 000	4 000	14 000
Dividends	0	0	0
Other Current Debt	27 000	26 000	23 000
Total Current Debt	72 000	32 000	45 000
Total Equity and Debt	128 000	92 000	101 000

Financial indicators	2022	2021	2020
Return on Equity	−5,36 %	5,08 %	57,14 %
Debt-to-Equity Ratio	0	0,02	0
Operating Profit Margin	−0,98 %	2,03 %	36,79 %
Current Ratio	1,58	2,28	2,24
Quick Ratio	1,75	2,92	2,66
Equity Ratio	0,44	0,64	0,55
Gross Profit Margin	93,38 %	96,45 %	99,06 %