GLASTAD FARSUND AS

4550 FARSUND

Finances

Return on Equity

2,6 %

Current Ratio

2,12

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 892 000	2 369 000	2 359 000	2 833 000
Net Income	37 309 000	243 700 000	−20 308 000	−23 873 000
Total Assets	1 765 768 000	1 617 840 000	1 251 228 000	1 092 849 000
Total Equity	1 434 881 000	1 397 573 000	495 202 000	515 510 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 892 000	2 369 000	2 359 000	2 833 000
Expenditure	19 410 000	29 593 000	8 859 000	13 749 000
Operating Profit	−16 518 000	−27 223 000	−6 499 000	−10 915 000
Financial Income	53 363 000	288 868 000	27 026 000	24 598 000
Financial Costs	−463 000	17 945 000	40 834 000	37 555 000
Financial Balance	53 826 000	270 923 000	−13 808 000	−12 957 000
Earnings Before Tax	37 309 000	243 700 000	−20 308 000	−23 873 000
Tax	0	0	0	0
Net Income	37 309 000	243 700 000	−20 308 000	−23 873 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 136 300 000	1 081 921 000	780 725 000	734 058 000
Total Current Assets	629 468 000	535 918 000	470 503 000	358 791 000
Total Assets	1 765 768 000	1 617 840 000	1 251 228 000	1 092 849 000
Total Retained Equity	688 005 000	650 696 000	456 996 000	477 303 000
Total Equity	1 434 881 000	1 397 573 000	495 202 000	515 510 000
Total Long-Term Debt	34 222 000	53 469 000	233 523 000	233 523 000
Total Current Debt	296 664 000	166 799 000	522 503 000	343 817 000
Total Equity and Debt	1 765 768 000	1 617 840 000	1 251 228 000	1 092 849 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 892 000	2 369 000	2 359 000	2 833 000
Other Income	0	0	0	0
Revenue	2 892 000	2 369 000	2 359 000	2 833 000
Cost of Goods Sold	0	0	0	0
Salary Costs	5 601 000	5 371 000	5 067 000	6 151 000
Depreciation	35 000	2 000	43 000	53 000
Impairment	8 225 000	19 749 000	0	0
Expenditure	19 410 000	29 593 000	8 859 000	13 749 000
Operating Profit	−16 518 000	−27 223 000	−6 499 000	−10 915 000
Financial Income	53 363 000	288 868 000	27 026 000	24 598 000
Financial Costs	−463 000	17 945 000	40 834 000	37 555 000
Financial Balance	53 826 000	270 923 000	−13 808 000	−12 957 000
Dividends	0	50 000 000	0	0
Net Income	37 309 000	243 700 000	−20 308 000	−23 873 000

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	1 095 000	744 000	281 000	102 000
Total Tangible Assets	1 095 000	744 000	281 000	102 000
Total Fiancial Fixed Assets	1 135 206 000	1 081 177 000	780 444 000	733 956 000
Total Fixed Assets	1 136 300 000	1 081 921 000	780 725 000	734 058 000
Stock	0	0	0	0
Total Investments	36 000	0	72 000	141 000
Cash, Bank	1 597 000	1 614 000	1 115 000	648 000
Total Current Assets	629 468 000	535 918 000	470 503 000	358 791 000
Total Assets	1 765 768 000	1 617 840 000	1 251 228 000	1 092 849 000
Total Equity	1 434 881 000	1 397 573 000	495 202 000	515 510 000
Short-Term Group Debt	291 622 000	114 338 000	415 314 000	307 954 000
Total Long-Term Debt	34 222 000	53 469 000	233 523 000	233 523 000
Creditors	619 000	956 000	1 390 000	318 000
Unpaid Taxes	453 000	389 000	371 000	374 000
Dividends	0	50 000 000	0	0
Other Current Debt	3 971 000	51 115 000	5 874 000	6 834 000
Total Current Debt	296 664 000	166 799 000	522 503 000	343 817 000
Total Equity and Debt	1 765 768 000	1 617 840 000	1 251 228 000	1 092 849 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,6 %	17,44 %	−4,1 %	−4,63 %
Debt-to-Equity Ratio	0,02	0,04	0,47	0,45
Operating Profit Margin	−571,16 %	−1 149,13 %	−275,5 %	−385,28 %
Current Ratio	2,12	3,21	0,9	1,04
Quick Ratio	2,12	3,21	0,9	1,04
Equity Ratio	0,81	0,86	0,4	0,47
Gross Profit Margin	100 %	100 %	100 %	100 %