GULLGRUVA ARCTIC DESIGN AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

14,86 %

Current Ratio

6,28

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 761 000	4 883 000	4 676 000	8 552 000
Net Income	969 000	−111 000	471 000	512 000
Total Assets	8 822 000	8 528 000	8 623 000	8 474 000
Total Equity	6 520 000	6 550 000	6 661 000	6 190 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 761 000	4 883 000	4 676 000	8 552 000
Expenditure	7 551 000	4 917 000	4 045 000	7 860 000
Operating Profit	1 210 000	−34 000	630 000	693 000
Financial Income	3 000	3 000	12 000	4 000
Financial Costs	82 000	80 000	80 000	87 000
Financial Balance	−79 000	−77 000	−68 000	−83 000
Earnings Before Tax	1 131 000	−111 000	562 000	610 000
Tax	162 000	0	91 000	98 000
Net Income	969 000	−111 000	471 000	512 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 067 000	2 067 000	2 072 000	2 084 000
Total Current Assets	6 755 000	6 461 000	6 551 000	6 391 000
Total Assets	8 822 000	8 528 000	8 623 000	8 474 000
Total Retained Equity	6 420 000	6 450 000	6 561 000	6 090 000
Total Equity	6 520 000	6 550 000	6 661 000	6 190 000
Total Long-Term Debt	1 227 000	1 314 000	1 402 000	1 445 000
Total Current Debt	1 075 000	663 000	560 000	839 000
Total Equity and Debt	8 822 000	8 528 000	8 623 000	8 474 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 706 000	4 601 000	4 336 000	8 420 000
Other Income	55 000	282 000	340 000	132 000
Revenue	8 761 000	4 883 000	4 676 000	8 552 000
Cost of Goods Sold	4 000 000	2 250 000	1 769 000	3 897 000
Salary Costs	2 294 000	1 839 000	1 374 000	2 528 000
Depreciation	0	5 000	12 000	12 000
Impairment	0	0	0	0
Expenditure	7 551 000	4 917 000	4 045 000	7 860 000
Operating Profit	1 210 000	−34 000	630 000	693 000
Financial Income	3 000	3 000	12 000	4 000
Financial Costs	82 000	80 000	80 000	87 000
Financial Balance	−79 000	−77 000	−68 000	−83 000
Dividends	1 000 000	0	0	0
Net Income	969 000	−111 000	471 000	512 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 057 000	2 057 000	2 057 000	2 057 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	5 000	17 000
Total Tangible Assets	2 057 000	2 057 000	2 062 000	2 074 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	2 067 000	2 067 000	2 072 000	2 084 000
Stock	4 421 000	4 544 000	4 717 000	4 684 000
Total Investments	0	0	0	0
Cash, Bank	2 179 000	1 781 000	1 659 000	1 506 000
Total Current Assets	6 755 000	6 461 000	6 551 000	6 391 000
Total Assets	8 822 000	8 528 000	8 623 000	8 474 000
Total Equity	6 520 000	6 550 000	6 661 000	6 190 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 227 000	1 314 000	1 402 000	1 445 000
Creditors	457 000	248 000	274 000	226 000
Unpaid Taxes	96 000	126 000	38 000	84 000
Dividends	1 000 000	0	0	0
Other Current Debt	361 000	289 000	157 000	432 000
Total Current Debt	1 075 000	663 000	560 000	839 000
Total Equity and Debt	8 822 000	8 528 000	8 623 000	8 474 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,86 %	−1,69 %	7,07 %	8,27 %
Debt-to-Equity Ratio	0,19	0,2	0,21	0,23
Operating Profit Margin	13,81 %	−0,7 %	13,47 %	8,1 %
Current Ratio	6,28	9,75	11,7	7,62
Quick Ratio	−2,02	−1,66	−1,58	−1,66
Equity Ratio	0,74	0,77	0,77	0,73
Gross Profit Margin	54,34 %	53,92 %	62,17 %	54,43 %