GULLINGEN UTVIKLINGSSELSKAP AS

4230 SAND

Finances

Share Ownership

Return on Equity

−10,24 %

Current Ratio

0,14

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	421 000	1 839 000	581 000	0
Net Income	−261 000	951 000	222 000	−194 000
Total Assets	13 372 000	15 543 000	6 710 000	2 215 000
Total Equity	2 550 000	2 810 000	2 071 000	1 954 000

Income (NOK)	2022	2021	2020	2019
Revenue	421 000	1 839 000	581 000	0
Expenditure	260 000	370 000	225 000	253 000
Operating Profit	161 000	1 469 000	356 000	−253 000
Financial Income	5 000	1 000	2 000	5 000
Financial Costs	500 000	251 000	72 000	1 000
Financial Balance	−495 000	−250 000	−70 000	4 000
Earnings Before Tax	−334 000	1 219 000	285 000	−249 000
Tax	−73 000	268 000	63 000	−55 000
Net Income	−261 000	951 000	222 000	−194 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 251 000	9 990 000	5 983 000	2 012 000
Total Current Assets	1 121 000	5 553 000	727 000	203 000
Total Assets	13 372 000	15 543 000	6 710 000	2 215 000
Total Retained Equity	2 233 000	2 493 000	1 754 000	1 637 000
Total Equity	2 550 000	2 810 000	2 071 000	1 954 000
Total Long-Term Debt	2 700 000	3 100 000	0	0
Total Current Debt	8 122 000	9 633 000	4 639 000	260 000
Total Equity and Debt	13 372 000	15 543 000	6 710 000	2 215 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	421 000	1 839 000	581 000	0
Revenue	421 000	1 839 000	581 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	114 000	101 000	99 000	68 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	260 000	370 000	225 000	253 000
Operating Profit	161 000	1 469 000	356 000	−253 000
Financial Income	5 000	1 000	2 000	5 000
Financial Costs	500 000	251 000	72 000	1 000
Financial Balance	−495 000	−250 000	−70 000	4 000
Dividends	0	211 000	106 000	0
Net Income	−261 000	951 000	222 000	−194 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	73 000	0	0	55 000
Real Eastate	12 177 000	9 990 000	5 983 000	1 958 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	12 177 000	9 990 000	5 983 000	1 958 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 251 000	9 990 000	5 983 000	2 012 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 101 000	5 552 000	727 000	203 000
Total Current Assets	1 121 000	5 553 000	727 000	203 000
Total Assets	13 372 000	15 543 000	6 710 000	2 215 000
Total Equity	2 550 000	2 810 000	2 071 000	1 954 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 700 000	3 100 000	0	0
Creditors	166 000	793 000	545 000	189 000
Unpaid Taxes	0	0	1 000	0
Dividends	0	211 000	106 000	0
Other Current Debt	299 000	2 551 000	641 000	71 000
Total Current Debt	8 122 000	9 633 000	4 639 000	260 000
Total Equity and Debt	13 372 000	15 543 000	6 710 000	2 215 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,24 %	33,84 %	10,72 %	−9,93 %
Debt-to-Equity Ratio	1,06	1,1	0	0
Operating Profit Margin	38,24 %	79,88 %	61,27 %	-
Current Ratio	0,14	0,58	0,16	0,78
Quick Ratio	0,14	0,58	0,16	0,78
Equity Ratio	0,19	0,18	0,31	0,88
Gross Profit Margin	100 %	100 %	100 %	-