GLOMSRØD MEKANISK VERKSTED AS

1767 HALDEN

Finances

Share Ownership

Return on Equity

106,15 %

Current Ratio

0,98

Debt-to-Equity Ratio

−1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 832 000	13 521 000	18 101 000	18 469 000
Net Income	−1 830 000	−506 000	506 000	−645 000
Total Assets	8 909 000	5 026 000	5 492 000	6 107 000
Total Equity	−1 724 000	−120 000	1 379 000	873 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 832 000	13 521 000	18 101 000	18 469 000
Expenditure	20 371 000	14 018 000	17 437 000	18 982 000
Operating Profit	−1 539 000	−497 000	664 000	−513 000
Financial Income	20 000	18 000	23 000	21 000
Financial Costs	312 000	27 000	181 000	154 000
Financial Balance	−292 000	−9 000	−158 000	−133 000
Earnings Before Tax	−1 830 000	−506 000	506 000	−645 000
Tax	0	0	0	0
Net Income	−1 830 000	−506 000	506 000	−645 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	467 000	36 000	227 000	748 000
Total Current Assets	8 441 000	4 991 000	5 264 000	5 360 000
Total Assets	8 909 000	5 026 000	5 492 000	6 107 000
Total Retained Equity	−2 009 000	−405 000	506 000	0
Total Equity	−1 724 000	−120 000	1 379 000	873 000
Total Long-Term Debt	2 058 000	100 000	180 000	742 000
Total Current Debt	8 574 000	5 047 000	3 932 000	4 492 000
Total Equity and Debt	8 909 000	5 026 000	5 492 000	6 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 782 000	13 521 000	18 101 000	18 469 000
Other Income	50 000	0	0	0
Revenue	18 832 000	13 521 000	18 101 000	18 469 000
Cost of Goods Sold	7 394 000	3 525 000	5 896 000	6 391 000
Salary Costs	9 420 000	7 453 000	8 364 000	9 418 000
Depreciation	36 000	236 000	520 000	451 000
Impairment	0	0	0	0
Expenditure	20 371 000	14 018 000	17 437 000	18 982 000
Operating Profit	−1 539 000	−497 000	664 000	−513 000
Financial Income	20 000	18 000	23 000	21 000
Financial Costs	312 000	27 000	181 000	154 000
Financial Balance	−292 000	−9 000	−158 000	−133 000
Dividends	0	0	0	0
Net Income	−1 830 000	−506 000	506 000	−645 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	36 000	0	0
Real Eastate	0	0	227 000	728 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	349 000	0	0	20 000
Total Tangible Assets	349 000	0	227 000	748 000
Total Fiancial Fixed Assets	97 000	0	0	0
Total Fixed Assets	467 000	36 000	227 000	748 000
Stock	469 000	1 008 000	1 404 000	1 987 000
Total Investments	0	0	0	0
Cash, Bank	718 000	272 000	1 291 000	280 000
Total Current Assets	8 441 000	4 991 000	5 264 000	5 360 000
Total Assets	8 909 000	5 026 000	5 492 000	6 107 000
Total Equity	−1 724 000	−120 000	1 379 000	873 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 058 000	100 000	180 000	742 000
Creditors	1 532 000	654 000	413 000	635 000
Unpaid Taxes	1 560 000	1 002 000	1 112 000	938 000
Dividends	0	0	0	0
Other Current Debt	5 482 000	2 250 000	2 407 000	2 043 000
Total Current Debt	8 574 000	5 047 000	3 932 000	4 492 000
Total Equity and Debt	8 909 000	5 026 000	5 492 000	6 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	106,15 %	421,67 %	36,69 %	−73,88 %
Debt-to-Equity Ratio	−1,19	−0,83	0,13	0,85
Operating Profit Margin	−8,17 %	−3,68 %	3,67 %	−2,78 %
Current Ratio	0,98	0,99	1,34	1,19
Quick Ratio	1,04	1,24	2,08	2,14
Equity Ratio	−0,19	−0,02	0,25	0,14
Gross Profit Margin	60,74 %	73,93 %	67,43 %	65,4 %