GARSNES AS

9350 SJØVEGAN

Finances

Return on Equity

−18,09 %

Current Ratio

0,83

Debt-to-Equity Ratio

1,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 715 000	3 150 000	3 221 000	3 144 000
Net Income	−1 660 000	−535 000	−71 000	−110 000
Total Assets	19 033 000	19 780 000	19 575 000	18 107 000
Total Equity	9 177 000	10 837 000	11 372 000	11 443 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 715 000	3 150 000	3 221 000	3 144 000
Expenditure	3 867 000	3 372 000	3 015 000	3 015 000
Operating Profit	−1 152 000	−222 000	206 000	129 000
Financial Income	0	0	0	0
Financial Costs	508 000	347 000	296 000	269 000
Financial Balance	−508 000	−347 000	−296 000	−269 000
Earnings Before Tax	−1 660 000	−569 000	−89 000	−140 000
Tax	0	−34 000	−19 000	−31 000
Net Income	−1 660 000	−535 000	−71 000	−110 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 750 000	18 796 000	18 301 000	17 272 000
Total Current Assets	283 000	984 000	1 274 000	834 000
Total Assets	19 033 000	19 780 000	19 575 000	18 107 000
Total Retained Equity	−220 000	553 000	1 088 000	1 159 000
Total Equity	9 177 000	10 837 000	11 372 000	11 443 000
Total Long-Term Debt	9 513 000	5 772 000	6 213 000	6 573 000
Total Current Debt	342 000	3 171 000	1 990 000	91 000
Total Equity and Debt	19 033 000	19 780 000	19 575 000	18 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 363 000	2 371 000	2 002 000	2 326 000
Other Income	352 000	780 000	1 219 000	818 000
Revenue	2 715 000	3 150 000	3 221 000	3 144 000
Cost of Goods Sold	946 000	807 000	524 000	666 000
Salary Costs	1 130 000	854 000	787 000	689 000
Depreciation	770 000	717 000	703 000	670 000
Impairment	0	0	0	0
Expenditure	3 867 000	3 372 000	3 015 000	3 015 000
Operating Profit	−1 152 000	−222 000	206 000	129 000
Financial Income	0	0	0	0
Financial Costs	508 000	347 000	296 000	269 000
Financial Balance	−508 000	−347 000	−296 000	−269 000
Dividends	0	0	0	0
Net Income	−1 660 000	−535 000	−71 000	−110 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 562 000	17 934 000	17 898 000	16 804 000
Machinery and Plant Facilities	31 000	35 000	39 000	0
Fixtures	571 000	660 000	213 000	286 000
Total Tangible Assets	18 230 000	18 716 000	18 259 000	17 219 000
Total Fiancial Fixed Assets	520 000	80 000	42 000	53 000
Total Fixed Assets	18 750 000	18 796 000	18 301 000	17 272 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	143 000	438 000	396 000	107 000
Total Current Assets	283 000	984 000	1 274 000	834 000
Total Assets	19 033 000	19 780 000	19 575 000	18 107 000
Total Equity	9 177 000	10 837 000	11 372 000	11 443 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 513 000	5 772 000	6 213 000	6 573 000
Creditors	238 000	139 000	471 000	55 000
Unpaid Taxes	−28 000	45 000	−281 000	26 000
Dividends	0	0	0	0
Other Current Debt	132 000	82 000	49 000	10 000
Total Current Debt	342 000	3 171 000	1 990 000	91 000
Total Equity and Debt	19 033 000	19 780 000	19 575 000	18 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,09 %	−4,94 %	−0,62 %	−0,96 %
Debt-to-Equity Ratio	1,04	0,53	0,55	0,57
Operating Profit Margin	−42,43 %	−7,05 %	6,4 %	4,1 %
Current Ratio	0,83	0,31	0,64	9,16
Quick Ratio	0,83	0,31	0,64	9,16
Equity Ratio	0,48	0,55	0,58	0,63
Gross Profit Margin	65,16 %	74,38 %	83,73 %	78,82 %