GULLSMED OLAF E OLSEN AS

3015 DRAMMEN

Finances

Return on Equity

18,11 %

Current Ratio

3,06

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 939 000	15 851 000	14 648 000	15 936 000
Net Income	899 000	926 000	1 421 000	321 000
Total Assets	12 563 000	11 131 000	11 241 000	10 187 000
Total Equity	4 963 000	4 525 000	4 088 000	2 875 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 939 000	15 851 000	14 648 000	15 936 000
Expenditure	15 647 000	14 555 000	12 641 000	15 233 000
Operating Profit	1 293 000	1 296 000	2 006 000	704 000
Financial Income	20 000	40 000	0	0
Financial Costs	150 000	146 000	200 000	306 000
Financial Balance	−130 000	−106 000	−200 000	−306 000
Earnings Before Tax	1 163 000	1 190 000	1 806 000	398 000
Tax	264 000	264 000	386 000	77 000
Net Income	899 000	926 000	1 421 000	321 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 036 000	2 036 000	2 041 000	2 041 000
Total Current Assets	10 527 000	9 094 000	9 199 000	8 145 000
Total Assets	12 563 000	11 131 000	11 241 000	10 187 000
Total Retained Equity	2 863 000	2 425 000	1 988 000	775 000
Total Equity	4 963 000	4 525 000	4 088 000	2 875 000
Total Long-Term Debt	4 160 000	4 464 000	4 767 000	2 200 000
Total Current Debt	3 439 000	2 142 000	2 385 000	5 111 000
Total Equity and Debt	12 563 000	11 131 000	11 241 000	10 187 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 939 000	15 814 000	14 538 000	15 936 000
Other Income	0	37 000	109 000	0
Revenue	16 939 000	15 851 000	14 648 000	15 936 000
Cost of Goods Sold	8 301 000	7 995 000	6 640 000	8 316 000
Salary Costs	4 515 000	3 863 000	3 294 000	3 976 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	15 647 000	14 555 000	12 641 000	15 233 000
Operating Profit	1 293 000	1 296 000	2 006 000	704 000
Financial Income	20 000	40 000	0	0
Financial Costs	150 000	146 000	200 000	306 000
Financial Balance	−130 000	−106 000	−200 000	−306 000
Dividends	461 000	489 000	208 000	476 000
Net Income	899 000	926 000	1 421 000	321 000

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	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	2 036 000	2 036 000	2 041 000	2 041 000
Total Fixed Assets	2 036 000	2 036 000	2 041 000	2 041 000
Stock	9 490 000	8 353 000	8 362 000	7 304 000
Total Investments	0	0	0	0
Cash, Bank	255 000	66 000	164 000	104 000
Total Current Assets	10 527 000	9 094 000	9 199 000	8 145 000
Total Assets	12 563 000	11 131 000	11 241 000	10 187 000
Total Equity	4 963 000	4 525 000	4 088 000	2 875 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 160 000	4 464 000	4 767 000	2 200 000
Creditors	453 000	348 000	348 000	507 000
Unpaid Taxes	1 103 000	936 000	970 000	1 040 000
Dividends	461 000	489 000	208 000	476 000
Other Current Debt	1 606 000	593 000	681 000	2 592 000
Total Current Debt	3 439 000	2 142 000	2 385 000	5 111 000
Total Equity and Debt	12 563 000	11 131 000	11 241 000	10 187 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,11 %	20,46 %	34,76 %	11,17 %
Debt-to-Equity Ratio	0,84	0,99	1,17	0,77
Operating Profit Margin	7,63 %	8,18 %	13,69 %	4,42 %
Current Ratio	3,06	4,25	3,86	1,59
Quick Ratio	−1,74	−1,46	−1,54	−3,71
Equity Ratio	0,4	0,41	0,36	0,28
Gross Profit Margin	50,99 %	49,56 %	54,67 %	47,82 %