GULLSMED RØNNING AS

3256 LARVIK

Finances

Share Ownership

Return on Equity

7,33 %

Current Ratio

4,06

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 996 000	7 895 000	8 165 000	7 073 000
Net Income	608 000	811 000	750 000	672 000
Total Assets	11 060 000	10 954 000	10 870 000	9 635 000
Total Equity	8 293 000	7 685 000	6 874 000	6 124 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 996 000	7 895 000	8 165 000	7 073 000
Expenditure	7 184 000	6 854 000	7 189 000	6 181 000
Operating Profit	812 000	1 041 000	976 000	892 000
Financial Income	12 000	32 000	28 000	9 000
Financial Costs	42 000	33 000	41 000	33 000
Financial Balance	−30 000	−1 000	−13 000	−24 000
Earnings Before Tax	781 000	1 041 000	963 000	867 000
Tax	173 000	230 000	213 000	195 000
Net Income	608 000	811 000	750 000	672 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 333 000	1 297 000	1 347 000	1 436 000
Total Current Assets	9 727 000	9 657 000	9 523 000	8 199 000
Total Assets	11 060 000	10 954 000	10 870 000	9 635 000
Total Retained Equity	8 193 000	7 585 000	6 774 000	6 024 000
Total Equity	8 293 000	7 685 000	6 874 000	6 124 000
Total Long-Term Debt	370 000	552 000	761 000	966 000
Total Current Debt	2 397 000	2 717 000	3 236 000	2 545 000
Total Equity and Debt	11 060 000	10 954 000	10 870 000	9 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 795 000	7 933 000	8 168 000	7 031 000
Other Income	201 000	−38 000	−2 000	42 000
Revenue	7 996 000	7 895 000	8 165 000	7 073 000
Cost of Goods Sold	3 861 000	3 801 000	4 016 000	2 706 000
Salary Costs	2 255 000	2 088 000	2 193 000	2 477 000
Depreciation	28 000	90 000	89 000	51 000
Impairment	0	0	0	0
Expenditure	7 184 000	6 854 000	7 189 000	6 181 000
Operating Profit	812 000	1 041 000	976 000	892 000
Financial Income	12 000	32 000	28 000	9 000
Financial Costs	42 000	33 000	41 000	33 000
Financial Balance	−30 000	−1 000	−13 000	−24 000
Dividends	0	0	0	0
Net Income	608 000	811 000	750 000	672 000

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	2 000	2 000	3 000	3 000
Fixtures	110 000	295 000	344 000	432 000
Total Tangible Assets	112 000	297 000	347 000	436 000
Total Fiancial Fixed Assets	1 221 000	1 000 000	1 000 000	1 000 000
Total Fixed Assets	1 333 000	1 297 000	1 347 000	1 436 000
Stock	7 954 000	7 060 000	6 798 000	6 539 000
Total Investments	0	0	0	0
Cash, Bank	1 621 000	2 013 000	2 565 000	1 593 000
Total Current Assets	9 727 000	9 657 000	9 523 000	8 199 000
Total Assets	11 060 000	10 954 000	10 870 000	9 635 000
Total Equity	8 293 000	7 685 000	6 874 000	6 124 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	370 000	552 000	761 000	966 000
Creditors	740 000	614 000	787 000	205 000
Unpaid Taxes	561 000	635 000	765 000	558 000
Dividends	0	0	0	0
Other Current Debt	944 000	1 234 000	1 470 000	1 602 000
Total Current Debt	2 397 000	2 717 000	3 236 000	2 545 000
Total Equity and Debt	11 060 000	10 954 000	10 870 000	9 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,33 %	10,55 %	10,91 %	10,97 %
Debt-to-Equity Ratio	0,04	0,07	0,11	0,16
Operating Profit Margin	10,16 %	13,19 %	11,95 %	12,61 %
Current Ratio	4,06	3,55	2,94	3,22
Quick Ratio	−1,75	−2,22	−2,67	−2,05
Equity Ratio	0,75	0,7	0,63	0,64
Gross Profit Margin	51,71 %	51,86 %	50,81 %	61,74 %