GULLSMED SØFTESTAD AS

3853 VRÅDAL

Finances

Return on Equity

45,38 %

Current Ratio

2,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 460 000	6 343 000	6 189 000	5 830 000
Net Income	944 000	1 122 000	1 031 000	444 000
Total Assets	3 341 000	3 378 000	4 663 000	3 293 000
Total Equity	2 080 000	1 937 000	2 014 000	1 984 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 460 000	6 343 000	6 189 000	5 830 000
Expenditure	5 264 000	4 905 000	4 881 000	5 266 000
Operating Profit	1 197 000	1 438 000	1 308 000	565 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	3 000	2 000	2 000
Earnings Before Tax	1 201 000	1 441 000	1 310 000	567 000
Tax	257 000	318 000	279 000	123 000
Net Income	944 000	1 122 000	1 031 000	444 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	68 000	1 000	1 000	1 000
Total Current Assets	3 273 000	3 377 000	4 662 000	3 292 000
Total Assets	3 341 000	3 378 000	4 663 000	3 293 000
Total Retained Equity	1 980 000	1 837 000	1 914 000	1 884 000
Total Equity	2 080 000	1 937 000	2 014 000	1 984 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 260 000	1 441 000	2 648 000	1 309 000
Total Equity and Debt	3 341 000	3 378 000	4 663 000	3 293 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 445 000	6 263 000	6 153 000	5 791 000
Other Income	15 000	80 000	36 000	39 000
Revenue	6 460 000	6 343 000	6 189 000	5 830 000
Cost of Goods Sold	2 905 000	2 594 000	2 650 000	2 645 000
Salary Costs	1 425 000	1 435 000	1 407 000	1 744 000
Depreciation	4 000	0	0	0
Impairment	0	0	0	0
Expenditure	5 264 000	4 905 000	4 881 000	5 266 000
Operating Profit	1 197 000	1 438 000	1 308 000	565 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	3 000	2 000	2 000
Dividends	400 000	0	1 000 000	0
Net Income	944 000	1 122 000	1 031 000	444 000

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	67 000	0	0	0
Total Tangible Assets	67 000	0	0	0
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	68 000	1 000	1 000	1 000
Stock	1 069 000	1 826 000	1 628 000	1 640 000
Total Investments	0	0	0	0
Cash, Bank	2 147 000	1 492 000	2 982 000	1 570 000
Total Current Assets	3 273 000	3 377 000	4 662 000	3 292 000
Total Assets	3 341 000	3 378 000	4 663 000	3 293 000
Total Equity	2 080 000	1 937 000	2 014 000	1 984 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	288 000	420 000	648 000	430 000
Unpaid Taxes	91 000	326 000	318 000	314 000
Dividends	400 000	0	1 000 000	0
Other Current Debt	224 000	377 000	403 000	442 000
Total Current Debt	1 260 000	1 441 000	2 648 000	1 309 000
Total Equity and Debt	3 341 000	3 378 000	4 663 000	3 293 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,38 %	57,92 %	51,19 %	22,38 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,53 %	22,67 %	21,13 %	9,69 %
Current Ratio	2,6	2,34	1,76	2,51
Quick Ratio	17,14	−8,77	4,57	−9,95
Equity Ratio	0,62	0,57	0,43	0,6
Gross Profit Margin	55,03 %	59,1 %	57,18 %	54,63 %