GLØDE UTVIKLING AS

5918 FREKHAUG

Finances

Return on Equity

−141,15 %

Current Ratio

3,49

Debt-to-Equity Ratio

7,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 382 000	29 081 000	38 618 000	46 326 000
Net Income	−3 468 000	−2 351 000	−1 094 000	−1 261 000
Total Assets	21 201 000	29 120 000	33 406 000	37 278 000
Total Equity	2 457 000	5 925 000	8 276 000	9 370 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 382 000	29 081 000	38 618 000	46 326 000
Expenditure	3 216 000	31 080 000	39 248 000	47 199 000
Operating Profit	167 000	−2 009 000	−679 000	−835 000
Financial Income	113 000	118 000	124 000	149 000
Financial Costs	3 692 000	459 000	539 000	575 000
Financial Balance	−3 579 000	−341 000	−415 000	−426 000
Earnings Before Tax	−3 412 000	−2 351 000	−1 094 000	−1 261 000
Tax	57 000	0	0	0
Net Income	−3 468 000	−2 351 000	−1 094 000	−1 261 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 409 000	17 763 000	19 147 000	19 254 000
Total Current Assets	3 793 000	11 356 000	14 259 000	18 024 000
Total Assets	21 201 000	29 120 000	33 406 000	37 278 000
Total Retained Equity	1 792 000	5 260 000	7 611 000	8 705 000
Total Equity	2 457 000	5 925 000	8 276 000	9 370 000
Total Long-Term Debt	17 658 000	18 474 000	19 328 000	20 189 000
Total Current Debt	1 086 000	4 721 000	5 802 000	7 718 000
Total Equity and Debt	21 201 000	29 120 000	33 406 000	37 278 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	8 424 000	7 619 000	10 115 000
Other Income	3 382 000	20 656 000	30 998 000	36 211 000
Revenue	3 382 000	29 081 000	38 618 000	46 326 000
Cost of Goods Sold	0	2 532 000	2 375 000	3 779 000
Salary Costs	−8 000	21 451 000	28 319 000	31 924 000
Depreciation	1 399 000	1 690 000	1 760 000	1 624 000
Impairment	0	100 000	0	0
Expenditure	3 216 000	31 080 000	39 248 000	47 199 000
Operating Profit	167 000	−2 009 000	−679 000	−835 000
Financial Income	113 000	118 000	124 000	149 000
Financial Costs	3 692 000	459 000	539 000	575 000
Financial Balance	−3 579 000	−341 000	−415 000	−426 000
Dividends	0	0	0	0
Net Income	−3 468 000	−2 351 000	−1 094 000	−1 261 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	15 908 000	15 118 000	16 102 000	17 257 000
Machinery and Plant Facilities	0	96 000	122 000	178 000
Fixtures	0	2 493 000	2 896 000	1 792 000
Total Tangible Assets	15 908 000	17 706 000	19 120 000	19 226 000
Total Fiancial Fixed Assets	1 500 000	57 000	27 000	27 000
Total Fixed Assets	17 409 000	17 763 000	19 147 000	19 254 000
Stock	0	593 000	554 000	597 000
Total Investments	0	0	0	0
Cash, Bank	3 492 000	7 589 000	10 956 000	13 028 000
Total Current Assets	3 793 000	11 356 000	14 259 000	18 024 000
Total Assets	21 201 000	29 120 000	33 406 000	37 278 000
Total Equity	2 457 000	5 925 000	8 276 000	9 370 000
Short-Term Group Debt	588 000	0	0	0
Total Long-Term Debt	17 658 000	18 474 000	19 328 000	20 189 000
Creditors	139 000	445 000	646 000	1 253 000
Unpaid Taxes	104 000	1 566 000	1 779 000	2 473 000
Dividends	0	0	0	0
Other Current Debt	198 000	2 710 000	3 377 000	3 993 000
Total Current Debt	1 086 000	4 721 000	5 802 000	7 718 000
Total Equity and Debt	21 201 000	29 120 000	33 406 000	37 278 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−141,15 %	−39,68 %	−13,22 %	−13,46 %
Debt-to-Equity Ratio	7,19	3,12	2,34	2,15
Operating Profit Margin	4,94 %	−6,91 %	−1,76 %	−1,8 %
Current Ratio	3,49	2,41	2,46	2,34
Quick Ratio	3,49	2,75	2,72	2,53
Equity Ratio	0,12	0,2	0,25	0,25
Gross Profit Margin	100 %	91,29 %	93,85 %	91,84 %