GLASSMESTER THORESEN AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

−76,8 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 206 000	15 542 000	19 537 000	23 300 000
Net Income	−801 000	−1 194 000	238 000	1 771 000
Total Assets	3 697 000	3 683 000	5 264 000	6 262 000
Total Equity	1 043 000	1 844 000	3 038 000	2 800 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 206 000	15 542 000	19 537 000	23 300 000
Expenditure	15 865 000	16 697 000	19 231 000	21 439 000
Operating Profit	−660 000	−1 155 000	306 000	1 860 000
Financial Income	2 000	4 000	5 000	8 000
Financial Costs	143 000	44 000	73 000	97 000
Financial Balance	−141 000	−40 000	−68 000	−89 000
Earnings Before Tax	−801 000	−1 194 000	238 000	1 771 000
Tax	0	0	0	0
Net Income	−801 000	−1 194 000	238 000	1 771 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	139 000	264 000	254 000	429 000
Total Current Assets	3 558 000	3 419 000	5 010 000	5 833 000
Total Assets	3 697 000	3 683 000	5 264 000	6 262 000
Total Retained Equity	−2 198 000	−1 397 000	−203 000	−441 000
Total Equity	1 043 000	1 844 000	3 038 000	2 800 000
Total Long-Term Debt	0	0	0	198 000
Total Current Debt	2 655 000	1 839 000	2 226 000	3 264 000
Total Equity and Debt	3 697 000	3 683 000	5 264 000	6 262 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 206 000	15 542 000	19 403 000	23 236 000
Other Income	0	0	135 000	64 000
Revenue	15 206 000	15 542 000	19 537 000	23 300 000
Cost of Goods Sold	6 108 000	6 616 000	9 119 000	11 213 000
Salary Costs	6 935 000	7 513 000	6 907 000	7 353 000
Depreciation	125 000	125 000	165 000	185 000
Impairment	0	0	0	0
Expenditure	15 865 000	16 697 000	19 231 000	21 439 000
Operating Profit	−660 000	−1 155 000	306 000	1 860 000
Financial Income	2 000	4 000	5 000	8 000
Financial Costs	143 000	44 000	73 000	97 000
Financial Balance	−141 000	−40 000	−68 000	−89 000
Dividends	0	0	0	0
Net Income	−801 000	−1 194 000	238 000	1 771 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	22 000	111 000	165 000	248 000
Fixtures	117 000	153 000	88 000	180 000
Total Tangible Assets	139 000	264 000	254 000	428 000
Total Fiancial Fixed Assets	0	0	0	1 000
Total Fixed Assets	139 000	264 000	254 000	429 000
Stock	2 132 000	2 623 000	2 346 000	2 547 000
Total Investments	0	0	0	0
Cash, Bank	261 000	308 000	1 406 000	631 000
Total Current Assets	3 558 000	3 419 000	5 010 000	5 833 000
Total Assets	3 697 000	3 683 000	5 264 000	6 262 000
Total Equity	1 043 000	1 844 000	3 038 000	2 800 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	198 000
Creditors	357 000	325 000	479 000	946 000
Unpaid Taxes	983 000	776 000	1 008 000	1 160 000
Dividends	0	0	0	0
Other Current Debt	957 000	738 000	737 000	1 158 000
Total Current Debt	2 655 000	1 839 000	2 226 000	3 264 000
Total Equity and Debt	3 697 000	3 683 000	5 264 000	6 262 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−76,8 %	−64,75 %	7,83 %	63,25 %
Debt-to-Equity Ratio	0	0	0	0,07
Operating Profit Margin	−4,34 %	−7,43 %	1,57 %	7,98 %
Current Ratio	1,34	1,86	2,25	1,79
Quick Ratio	6,8	−4,36	−41,75	8,14
Equity Ratio	0,28	0,5	0,58	0,45
Gross Profit Margin	59,83 %	57,43 %	53,32 %	51,88 %