W. GIERTSEN TUNNEL AS

5165 LAKSEVÅG

Finances

Share Ownership

Return on Equity

48,9 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	130 718 000	105 810 000	89 771 000	91 698 000
Net Income	4 317 000	105 000	−1 398 000	−5 211 000
Total Assets	42 084 000	28 392 000	21 724 000	42 383 000
Total Equity	8 829 000	4 512 000	2 407 000	3 805 000

Income (NOK)	2022	2021	2020	2019
Revenue	130 718 000	105 810 000	89 771 000	91 698 000
Expenditure	124 689 000	104 818 000	90 810 000	97 395 000
Operating Profit	6 028 000	991 000	−1 039 000	−5 697 000
Financial Income	196 000	105 000	107 000	66 000
Financial Costs	685 000	958 000	855 000	867 000
Financial Balance	−489 000	−853 000	−748 000	−801 000
Earnings Before Tax	5 539 000	138 000	−1 787 000	−6 498 000
Tax	1 223 000	33 000	−389 000	−1 287 000
Net Income	4 317 000	105 000	−1 398 000	−5 211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	814 000	528 000	626 000	752 000
Total Current Assets	41 269 000	27 863 000	21 098 000	41 631 000
Total Assets	42 084 000	28 392 000	21 724 000	42 383 000
Total Retained Equity	4 422 000	105 000	0	0
Total Equity	8 829 000	4 512 000	2 407 000	3 805 000
Total Long-Term Debt	1 637 000	415 000	381 000	771 000
Total Current Debt	31 618 000	23 465 000	18 935 000	37 808 000
Total Equity and Debt	42 084 000	28 392 000	21 724 000	42 383 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	130 531 000	105 810 000	89 758 000	91 698 000
Other Income	187 000	0	13 000	0
Revenue	130 718 000	105 810 000	89 771 000	91 698 000
Cost of Goods Sold	71 067 000	48 266 000	37 245 000	41 801 000
Salary Costs	42 094 000	43 732 000	39 987 000	40 410 000
Depreciation	227 000	215 000	242 000	347 000
Impairment	0	0	0	0
Expenditure	124 689 000	104 818 000	90 810 000	97 395 000
Operating Profit	6 028 000	991 000	−1 039 000	−5 697 000
Financial Income	196 000	105 000	107 000	66 000
Financial Costs	685 000	958 000	855 000	867 000
Financial Balance	−489 000	−853 000	−748 000	−801 000
Dividends	0	0	0	0
Net Income	4 317 000	105 000	−1 398 000	−5 211 000

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	146 000	133 000	210 000	350 000
Fixtures	669 000	396 000	415 000	401 000
Total Tangible Assets	814 000	528 000	625 000	751 000
Total Fiancial Fixed Assets	0	0	1 000	1 000
Total Fixed Assets	814 000	528 000	626 000	752 000
Stock	4 282 000	3 342 000	11 052 000	15 536 000
Total Investments	0	0	0	0
Cash, Bank	61 000	1 636 000	1 740 000	1 648 000
Total Current Assets	41 269 000	27 863 000	21 098 000	41 631 000
Total Assets	42 084 000	28 392 000	21 724 000	42 383 000
Total Equity	8 829 000	4 512 000	2 407 000	3 805 000
Short-Term Group Debt	4 453 000	2 654 000	4 123 000	10 767 000
Total Long-Term Debt	1 637 000	415 000	381 000	771 000
Creditors	13 662 000	6 421 000	713 000	9 078 000
Unpaid Taxes	3 776 000	4 413 000	3 868 000	6 249 000
Dividends	0	0	0	0
Other Current Debt	9 727 000	9 977 000	10 232 000	11 713 000
Total Current Debt	31 618 000	23 465 000	18 935 000	37 808 000
Total Equity and Debt	42 084 000	28 392 000	21 724 000	42 383 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,9 %	2,33 %	−58,08 %	−136,95 %
Debt-to-Equity Ratio	0,19	0,09	0,16	0,2
Operating Profit Margin	4,61 %	0,94 %	−1,16 %	−6,21 %
Current Ratio	1,31	1,19	1,11	1,1
Quick Ratio	1,51	1,38	2,68	1,87
Equity Ratio	0,21	0,16	0,11	0,09
Gross Profit Margin	45,63 %	54,38 %	58,51 %	54,41 %