GLASSFABRIKKEN AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

27,34 %

Current Ratio

2,56

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	152 826 000	124 805 000	120 486 000	110 397 000
Net Income	6 717 000	5 589 000	5 639 000	3 413 000
Total Assets	52 633 000	48 556 000	39 126 000	33 175 000
Total Equity	24 569 000	19 853 000	15 502 000	17 871 000

Income (NOK)	2022	2021	2020	2019
Revenue	152 826 000	124 805 000	120 486 000	110 397 000
Expenditure	143 606 000	117 213 000	113 156 000	105 926 000
Operating Profit	9 220 000	7 592 000	7 331 000	4 471 000
Financial Income	229 000	166 000	127 000	63 000
Financial Costs	838 000	593 000	228 000	158 000
Financial Balance	−609 000	−427 000	−101 000	−95 000
Earnings Before Tax	8 611 000	7 165 000	7 229 000	4 376 000
Tax	1 894 000	1 577 000	1 590 000	963 000
Net Income	6 717 000	5 589 000	5 639 000	3 413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 894 000	6 672 000	3 374 000	2 622 000
Total Current Assets	45 739 000	41 884 000	35 753 000	30 553 000
Total Assets	52 633 000	48 556 000	39 126 000	33 175 000
Total Retained Equity	21 299 000	16 583 000	12 232 000	14 601 000
Total Equity	24 569 000	19 853 000	15 502 000	17 871 000
Total Long-Term Debt	10 164 000	10 811 000	9 215 000	0
Total Current Debt	17 900 000	17 892 000	14 409 000	15 304 000
Total Equity and Debt	52 633 000	48 556 000	39 126 000	33 175 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	152 676 000	124 805 000	120 324 000	110 397 000
Other Income	150 000	0	162 000	0
Revenue	152 826 000	124 805 000	120 486 000	110 397 000
Cost of Goods Sold	80 694 000	62 563 000	60 684 000	54 448 000
Salary Costs	38 724 000	36 915 000	34 616 000	33 477 000
Depreciation	2 264 000	1 761 000	888 000	840 000
Impairment	0	0	0	0
Expenditure	143 606 000	117 213 000	113 156 000	105 926 000
Operating Profit	9 220 000	7 592 000	7 331 000	4 471 000
Financial Income	229 000	166 000	127 000	63 000
Financial Costs	838 000	593 000	228 000	158 000
Financial Balance	−609 000	−427 000	−101 000	−95 000
Dividends	0	0	0	3 000 000
Net Income	6 717 000	5 589 000	5 639 000	3 413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	153 000	180 000	485 000	579 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 087 000	2 032 000	2 621 000	2 031 000
Fixtures	4 580 000	4 353 000	129 000	12 000
Total Tangible Assets	6 667 000	6 385 000	2 749 000	2 043 000
Total Fiancial Fixed Assets	75 000	107 000	139 000	0
Total Fixed Assets	6 894 000	6 672 000	3 374 000	2 622 000
Stock	14 792 000	12 075 000	10 208 000	10 922 000
Total Investments	0	0	0	0
Cash, Bank	12 174 000	12 278 000	10 472 000	4 822 000
Total Current Assets	45 739 000	41 884 000	35 753 000	30 553 000
Total Assets	52 633 000	48 556 000	39 126 000	33 175 000
Total Equity	24 569 000	19 853 000	15 502 000	17 871 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 164 000	10 811 000	9 215 000	0
Creditors	2 533 000	4 708 000	1 910 000	1 534 000
Unpaid Taxes	8 472 000	7 485 000	6 443 000	5 975 000
Dividends	0	0	0	3 000 000
Other Current Debt	5 029 000	4 269 000	4 559 000	3 755 000
Total Current Debt	17 900 000	17 892 000	14 409 000	15 304 000
Total Equity and Debt	52 633 000	48 556 000	39 126 000	33 175 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,34 %	28,15 %	36,38 %	19,1 %
Debt-to-Equity Ratio	0,41	0,54	0,59	0
Operating Profit Margin	6,03 %	6,08 %	6,08 %	4,05 %
Current Ratio	2,56	2,34	2,48	2
Quick Ratio	14,72	7,2	8,51	6,97
Equity Ratio	0,47	0,41	0,4	0,54
Gross Profit Margin	47,2 %	49,87 %	49,63 %	50,68 %