GARSTEIN AS

6065 ULSTEINVIK

Finances

Return on Equity

1,95 %

Current Ratio

1,16

Debt-to-Equity Ratio

0,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 236 000	1 236 000	1 200 000
Net Income	236 000	273 000	171 000	−1 778 000
Total Assets	19 760 000	20 518 000	21 273 000	21 955 000
Total Equity	12 081 000	11 846 000	11 573 000	11 402 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 236 000	1 236 000	1 200 000
Expenditure	849 000	876 000	879 000	418 000
Operating Profit	387 000	360 000	357 000	782 000
Financial Income	2 000	1 000	1 000	3 000
Financial Costs	153 000	116 000	159 000	2 563 000
Financial Balance	−151 000	−115 000	−158 000	−2 560 000
Earnings Before Tax	236 000	244 000	199 000	−1 778 000
Tax	0	−28 000	28 000	0
Net Income	236 000	273 000	171 000	−1 778 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 523 000	20 273 000	21 023 000	21 773 000
Total Current Assets	236 000	245 000	250 000	182 000
Total Assets	19 760 000	20 518 000	21 273 000	21 955 000
Total Retained Equity	679 000	444 000	171 000	0
Total Equity	12 081 000	11 846 000	11 573 000	11 402 000
Total Long-Term Debt	7 475 000	8 475 000	9 503 000	10 475 000
Total Current Debt	203 000	197 000	197 000	78 000
Total Equity and Debt	19 760 000	20 518 000	21 273 000	21 955 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 236 000	1 236 000	1 236 000	1 200 000
Other Income	0	0	0	0
Revenue	1 236 000	1 236 000	1 236 000	1 200 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	750 000	750 000	750 000	750 000
Impairment	0	0	0	0
Expenditure	849 000	876 000	879 000	418 000
Operating Profit	387 000	360 000	357 000	782 000
Financial Income	2 000	1 000	1 000	3 000
Financial Costs	153 000	116 000	159 000	2 563 000
Financial Balance	−151 000	−115 000	−158 000	−2 560 000
Dividends	0	0	0	0
Net Income	236 000	273 000	171 000	−1 778 000

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	6 375 000	7 125 000	7 875 000	8 625 000
Fixtures	0	0	0	0
Total Tangible Assets	6 375 000	7 125 000	7 875 000	8 625 000
Total Fiancial Fixed Assets	13 148 000	13 148 000	13 148 000	13 148 000
Total Fixed Assets	19 523 000	20 273 000	21 023 000	21 773 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	88 000	96 000	102 000	34 000
Total Current Assets	236 000	245 000	250 000	182 000
Total Assets	19 760 000	20 518 000	21 273 000	21 955 000
Total Equity	12 081 000	11 846 000	11 573 000	11 402 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 475 000	8 475 000	9 503 000	10 475 000
Creditors	0	4 000	4 000	4 000
Unpaid Taxes	51 000	51 000	51 000	49 000
Dividends	0	0	0	0
Other Current Debt	151 000	142 000	142 000	25 000
Total Current Debt	203 000	197 000	197 000	78 000
Total Equity and Debt	19 760 000	20 518 000	21 273 000	21 955 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,95 %	2,3 %	1,48 %	−15,59 %
Debt-to-Equity Ratio	0,62	0,72	0,82	0,92
Operating Profit Margin	31,31 %	29,13 %	28,88 %	65,17 %
Current Ratio	1,16	1,24	1,27	2,33
Quick Ratio	1,16	1,24	1,27	2,33
Equity Ratio	0,61	0,58	0,54	0,52
Gross Profit Margin	100 %	100 %	100 %	100 %