GULVMAX AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

65,19 %

Current Ratio

1,5

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 017 000	33 079 000	26 867 000	22 937 000
Net Income	3 567 000	2 439 000	2 424 000	766 000
Total Assets	16 513 000	13 951 000	10 842 000	10 180 000
Total Equity	5 472 000	1 905 000	2 107 000	2 083 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 017 000	33 079 000	26 867 000	22 937 000
Expenditure	37 230 000	29 926 000	23 699 000	21 825 000
Operating Profit	4 787 000	3 153 000	3 168 000	1 111 000
Financial Income	140 000	135 000	110 000	11 000
Financial Costs	344 000	161 000	170 000	137 000
Financial Balance	−204 000	−26 000	−60 000	−126 000
Earnings Before Tax	4 584 000	3 128 000	3 108 000	984 000
Tax	1 017 000	689 000	684 000	219 000
Net Income	3 567 000	2 439 000	2 424 000	766 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 844 000	2 317 000	1 077 000	881 000
Total Current Assets	14 670 000	11 634 000	9 765 000	9 299 000
Total Assets	16 513 000	13 951 000	10 842 000	10 180 000
Total Retained Equity	5 372 000	1 805 000	2 007 000	1 983 000
Total Equity	5 472 000	1 905 000	2 107 000	2 083 000
Total Long-Term Debt	1 235 000	1 548 000	27 000	0
Total Current Debt	9 807 000	10 498 000	8 708 000	8 097 000
Total Equity and Debt	16 513 000	13 951 000	10 842 000	10 180 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 017 000	32 974 000	26 282 000	22 635 000
Other Income	0	106 000	585 000	302 000
Revenue	42 017 000	33 079 000	26 867 000	22 937 000
Cost of Goods Sold	25 186 000	20 071 000	15 933 000	14 647 000
Salary Costs	3 697 000	3 544 000	2 918 000	2 564 000
Depreciation	566 000	340 000	268 000	325 000
Impairment	0	0	0	0
Expenditure	37 230 000	29 926 000	23 699 000	21 825 000
Operating Profit	4 787 000	3 153 000	3 168 000	1 111 000
Financial Income	140 000	135 000	110 000	11 000
Financial Costs	344 000	161 000	170 000	137 000
Financial Balance	−204 000	−26 000	−60 000	−126 000
Dividends	0	0	2 400 000	3 824 000
Net Income	3 567 000	2 439 000	2 424 000	766 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	131 000	29 000	0	93 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 696 000	2 262 000	1 041 000	742 000
Total Tangible Assets	1 696 000	2 262 000	1 041 000	742 000
Total Fiancial Fixed Assets	17 000	26 000	36 000	46 000
Total Fixed Assets	1 844 000	2 317 000	1 077 000	881 000
Stock	7 515 000	5 057 000	2 376 000	2 677 000
Total Investments	0	0	0	0
Cash, Bank	2 477 000	862 000	2 429 000	4 643 000
Total Current Assets	14 670 000	11 634 000	9 765 000	9 299 000
Total Assets	16 513 000	13 951 000	10 842 000	10 180 000
Total Equity	5 472 000	1 905 000	2 107 000	2 083 000
Short-Term Group Debt	4 670 000	6 226 000	2 596 000	2 376 000
Total Long-Term Debt	1 235 000	1 548 000	27 000	0
Creditors	1 559 000	2 367 000	1 562 000	662 000
Unpaid Taxes	2 021 000	1 337 000	1 083 000	974 000
Dividends	0	0	2 400 000	3 824 000
Other Current Debt	437 000	568 000	504 000	260 000
Total Current Debt	9 807 000	10 498 000	8 708 000	8 097 000
Total Equity and Debt	16 513 000	13 951 000	10 842 000	10 180 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,19 %	128,03 %	115,05 %	36,77 %
Debt-to-Equity Ratio	0,23	0,81	0,01	0
Operating Profit Margin	11,39 %	9,53 %	11,79 %	4,84 %
Current Ratio	1,5	1,11	1,12	1,15
Quick Ratio	6,4	2,14	1,54	1,72
Equity Ratio	0,33	0,14	0,19	0,2
Gross Profit Margin	40,06 %	39,32 %	40,7 %	36,14 %