GULLSMED BORGE AS

8514 NARVIK

Finances

Share Ownership

Return on Equity

12,76 %

Current Ratio

4,58

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 679 000	2 287 000	1 689 000	1 883 000
Net Income	250 000	190 000	75 000	−61 000
Total Assets	2 747 000	2 452 000	2 177 000	2 052 000
Total Equity	1 960 000	1 710 000	1 520 000	1 445 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 679 000	2 287 000	1 689 000	1 883 000
Expenditure	2 322 000	2 065 000	1 609 000	1 994 000
Operating Profit	357 000	221 000	80 000	−111 000
Financial Income	1 000	21 000	16 000	32 000
Financial Costs	31 000	2 000	2 000	6 000
Financial Balance	−30 000	19 000	14 000	26 000
Earnings Before Tax	327 000	241 000	93 000	−86 000
Tax	77 000	51 000	18 000	−25 000
Net Income	250 000	190 000	75 000	−61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	657 000	588 000	593 000	596 000
Total Current Assets	2 089 000	1 864 000	1 584 000	1 456 000
Total Assets	2 747 000	2 452 000	2 177 000	2 052 000
Total Retained Equity	1 860 000	1 610 000	1 420 000	1 345 000
Total Equity	1 960 000	1 710 000	1 520 000	1 445 000
Total Long-Term Debt	331 000	324 000	322 000	320 000
Total Current Debt	456 000	419 000	335 000	287 000
Total Equity and Debt	2 747 000	2 452 000	2 177 000	2 052 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 679 000	2 287 000	1 689 000	1 883 000
Other Income	0	0	0	0
Revenue	2 679 000	2 287 000	1 689 000	1 883 000
Cost of Goods Sold	976 000	910 000	691 000	845 000
Salary Costs	894 000	737 000	477 000	671 000
Depreciation	13 000	0	0	25 000
Impairment	0	0	0	0
Expenditure	2 322 000	2 065 000	1 609 000	1 994 000
Operating Profit	357 000	221 000	80 000	−111 000
Financial Income	1 000	21 000	16 000	32 000
Financial Costs	31 000	2 000	2 000	6 000
Financial Balance	−30 000	19 000	14 000	26 000
Dividends	0	0	0	0
Net Income	250 000	190 000	75 000	−61 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	26 000	45 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	93 000	0	0	0
Total Tangible Assets	93 000	0	0	0
Total Fiancial Fixed Assets	564 000	588 000	567 000	551 000
Total Fixed Assets	657 000	588 000	593 000	596 000
Stock	935 000	749 000	674 000	697 000
Total Investments	0	0	0	0
Cash, Bank	1 059 000	1 083 000	836 000	692 000
Total Current Assets	2 089 000	1 864 000	1 584 000	1 456 000
Total Assets	2 747 000	2 452 000	2 177 000	2 052 000
Total Equity	1 960 000	1 710 000	1 520 000	1 445 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	331 000	324 000	322 000	320 000
Creditors	106 000	163 000	166 000	54 000
Unpaid Taxes	182 000	156 000	119 000	158 000
Dividends	0	0	0	0
Other Current Debt	93 000	76 000	50 000	76 000
Total Current Debt	456 000	419 000	335 000	287 000
Total Equity and Debt	2 747 000	2 452 000	2 177 000	2 052 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,76 %	11,11 %	4,93 %	−4,22 %
Debt-to-Equity Ratio	0,17	0,19	0,21	0,22
Operating Profit Margin	13,33 %	9,66 %	4,74 %	−5,89 %
Current Ratio	4,58	4,45	4,73	5,07
Quick Ratio	−4,36	−5,65	−4,67	−3,55
Equity Ratio	0,71	0,7	0,7	0,7
Gross Profit Margin	63,57 %	60,21 %	59,09 %	55,12 %