GLYCANOVA AS

1630 GAMLE FREDRIKSTAD

Finances

Share Ownership

Return on Equity

1 047,85 %

Current Ratio

0,64

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 573 000	2 200 000	3 975 000	3 603 000
Net Income	−3 898 000	−2 835 000	4 360 000	−2 897 000
Total Assets	1 614 000	4 420 000	2 495 000	1 160 000
Total Equity	−372 000	3 526 000	−1 108 000	−6 673 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 573 000	2 200 000	3 975 000	3 603 000
Expenditure	6 451 000	4 964 000	−375 000	6 532 000
Operating Profit	−3 877 000	−2 765 000	4 349 000	−2 929 000
Financial Income	32 000	17 000	120 000	22 000
Financial Costs	52 000	88 000	110 000	−9 000
Financial Balance	−20 000	−71 000	10 000	31 000
Earnings Before Tax	−3 898 000	−2 835 000	4 360 000	−2 897 000
Tax	0	0	0	0
Net Income	−3 898 000	−2 835 000	4 360 000	−2 897 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	351 000	715 000	1 056 000	0
Total Current Assets	1 262 000	3 705 000	1 438 000	1 160 000
Total Assets	1 614 000	4 420 000	2 495 000	1 160 000
Total Retained Equity	−13 943 000	−10 045 000	−7 211 000	−11 571 000
Total Equity	−372 000	3 526 000	−1 108 000	−6 673 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 985 000	894 000	3 603 000	7 833 000
Total Equity and Debt	1 614 000	4 420 000	2 495 000	1 160 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 573 000	2 200 000	3 975 000	3 603 000
Other Income	0	0	0	0
Revenue	2 573 000	2 200 000	3 975 000	3 603 000
Cost of Goods Sold	340 000	656 000	1 147 000	1 107 000
Salary Costs	3 046 000	1 992 000	−3 501 000	3 155 000
Depreciation	353 000	353 000	150 000	7 000
Impairment	0	0	0	0
Expenditure	6 451 000	4 964 000	−375 000	6 532 000
Operating Profit	−3 877 000	−2 765 000	4 349 000	−2 929 000
Financial Income	32 000	17 000	120 000	22 000
Financial Costs	52 000	88 000	110 000	−9 000
Financial Balance	−20 000	−71 000	10 000	31 000
Dividends	0	0	0	0
Net Income	−3 898 000	−2 835 000	4 360 000	−2 897 000

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	0	0	0	0
Fixtures	351 000	704 000	1 056 000	0
Total Tangible Assets	351 000	704 000	1 056 000	0
Total Fiancial Fixed Assets	0	11 000	0	0
Total Fixed Assets	351 000	715 000	1 056 000	0
Stock	371 000	427 000	352 000	244 000
Total Investments	0	0	0	0
Cash, Bank	75 000	3 216 000	85 000	183 000
Total Current Assets	1 262 000	3 705 000	1 438 000	1 160 000
Total Assets	1 614 000	4 420 000	2 495 000	1 160 000
Total Equity	−372 000	3 526 000	−1 108 000	−6 673 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	751 000	330 000	701 000	918 000
Unpaid Taxes	71 000	215 000	64 000	103 000
Dividends	0	0	0	0
Other Current Debt	1 163 000	349 000	2 837 000	6 812 000
Total Current Debt	1 985 000	894 000	3 603 000	7 833 000
Total Equity and Debt	1 614 000	4 420 000	2 495 000	1 160 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 047,85 %	−80,4 %	−393,5 %	43,41 %
Debt-to-Equity Ratio	−0	0	−0	−0
Operating Profit Margin	−150,68 %	−125,68 %	109,41 %	−81,29 %
Current Ratio	0,64	4,14	0,4	0,15
Quick Ratio	0,78	7,93	0,44	0,15
Equity Ratio	−0,23	0,8	−0,44	−5,75
Gross Profit Margin	86,79 %	70,18 %	71,14 %	69,28 %