GULLSMED WESTBY AS

2850 LENA

Finances

Share Ownership

Return on Equity

−10,5 %

Current Ratio

1,26

Debt-to-Equity Ratio

−1,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 583 000	2 440 000	2 353 000	2 459 000
Net Income	59 000	237 000	213 000	31 000
Total Assets	1 079 000	968 000	714 000	676 000
Total Equity	−562 000	−621 000	−859 000	−1 072 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 583 000	2 440 000	2 353 000	2 459 000
Expenditure	2 448 000	2 137 000	2 066 000	2 316 000
Operating Profit	134 000	303 000	288 000	143 000
Financial Income	0	0	0	0
Financial Costs	75 000	66 000	75 000	112 000
Financial Balance	−75 000	−66 000	−75 000	−112 000
Earnings Before Tax	59 000	237 000	213 000	31 000
Tax	0	0	0	0
Net Income	59 000	237 000	213 000	31 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	11 000
Total Current Assets	1 079 000	968 000	714 000	665 000
Total Assets	1 079 000	968 000	714 000	676 000
Total Retained Equity	−962 000	−1 021 000	−1 259 000	−1 472 000
Total Equity	−562 000	−621 000	−859 000	−1 072 000
Total Long-Term Debt	786 000	894 000	943 000	953 000
Total Current Debt	855 000	695 000	629 000	794 000
Total Equity and Debt	1 079 000	968 000	714 000	676 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 583 000	2 440 000	2 346 000	2 371 000
Other Income	0	0	6 000	88 000
Revenue	2 583 000	2 440 000	2 353 000	2 459 000
Cost of Goods Sold	1 175 000	1 166 000	1 107 000	1 218 000
Salary Costs	930 000	671 000	581 000	692 000
Depreciation	0	0	11 000	5 000
Impairment	0	0	0	0
Expenditure	2 448 000	2 137 000	2 066 000	2 316 000
Operating Profit	134 000	303 000	288 000	143 000
Financial Income	0	0	0	0
Financial Costs	75 000	66 000	75 000	112 000
Financial Balance	−75 000	−66 000	−75 000	−112 000
Dividends	0	0	0	0
Net Income	59 000	237 000	213 000	31 000

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	0	0	0	0
Fixtures	0	0	0	11 000
Total Tangible Assets	0	0	0	11 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	11 000
Stock	967 000	847 000	641 000	650 000
Total Investments	0	0	0	0
Cash, Bank	76 000	80 000	60 000	8 000
Total Current Assets	1 079 000	968 000	714 000	665 000
Total Assets	1 079 000	968 000	714 000	676 000
Total Equity	−562 000	−621 000	−859 000	−1 072 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	786 000	894 000	943 000	953 000
Creditors	417 000	250 000	215 000	329 000
Unpaid Taxes	170 000	146 000	140 000	153 000
Dividends	0	0	0	0
Other Current Debt	102 000	101 000	101 000	105 000
Total Current Debt	855 000	695 000	629 000	794 000
Total Equity and Debt	1 079 000	968 000	714 000	676 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,5 %	−38,16 %	−24,8 %	−2,89 %
Debt-to-Equity Ratio	−1,4	−1,44	−1,1	−0,89
Operating Profit Margin	5,19 %	12,42 %	12,24 %	5,82 %
Current Ratio	1,26	1,39	1,14	0,84
Quick Ratio	−9,63	−6,37	−59,5	4,62
Equity Ratio	−0,52	−0,64	−1,2	−1,59
Gross Profit Margin	54,51 %	52,21 %	52,95 %	50,47 %