GLITRAFJORD AS

0160 OSLO

Finances

Return on Equity

−280,84 %

Current Ratio

1,61

Debt-to-Equity Ratio

1,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 370 000	3 840 000	2 686 000	1 664 000
Net Income	−1 136 450 000	−456 971 000	−2 950 000	−4 044 000
Total Assets	1 002 179 000	2 112 226 000	2 336 598 000	62 476 000
Total Equity	404 663 000	1 541 113 000	1 998 085 000	1 035 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 370 000	3 840 000	2 686 000	1 664 000
Expenditure	6 959 000	7 802 000	5 869 000	5 604 000
Operating Profit	−4 590 000	−3 962 000	−3 183 000	−3 940 000
Financial Income	2 183 000	1 721 000	1 314 000	8 000
Financial Costs	1 134 043 000	454 729 000	1 081 000	112 000
Financial Balance	−1 131 860 000	−453 008 000	233 000	−104 000
Earnings Before Tax	−1 136 450 000	−456 971 000	−2 950 000	−4 044 000
Tax	0	0	0	0
Net Income	−1 136 450 000	−456 971 000	−2 950 000	−4 044 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	991 229 000	2 102 958 000	2 327 763 000	59 625 000
Total Current Assets	10 949 000	9 268 000	8 836 000	2 851 000
Total Assets	1 002 179 000	2 112 226 000	2 336 598 000	62 476 000
Total Retained Equity	0	0	0	0
Total Equity	404 663 000	1 541 113 000	1 998 085 000	1 035 000
Total Long-Term Debt	590 730 000	498 990 000	337 693 000	60 253 000
Total Current Debt	6 785 000	72 123 000	821 000	1 188 000
Total Equity and Debt	1 002 179 000	2 112 226 000	2 336 598 000	62 476 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 370 000	3 840 000	2 686 000	1 664 000
Other Income	0	0	0	0
Revenue	2 370 000	3 840 000	2 686 000	1 664 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 685 000	3 946 000	2 292 000	2 024 000
Depreciation	184 000	197 000	157 000	148 000
Impairment	0	0	0	0
Expenditure	6 959 000	7 802 000	5 869 000	5 604 000
Operating Profit	−4 590 000	−3 962 000	−3 183 000	−3 940 000
Financial Income	2 183 000	1 721 000	1 314 000	8 000
Financial Costs	1 134 043 000	454 729 000	1 081 000	112 000
Financial Balance	−1 131 860 000	−453 008 000	233 000	−104 000
Dividends	0	0	0	0
Net Income	−1 136 450 000	−456 971 000	−2 950 000	−4 044 000

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	628 000	795 000	808 000	917 000
Total Tangible Assets	628 000	795 000	808 000	917 000
Total Fiancial Fixed Assets	990 601 000	2 102 163 000	2 326 954 000	58 708 000
Total Fixed Assets	991 229 000	2 102 958 000	2 327 763 000	59 625 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 073 000	7 562 000	7 943 000	1 998 000
Total Current Assets	10 949 000	9 268 000	8 836 000	2 851 000
Total Assets	1 002 179 000	2 112 226 000	2 336 598 000	62 476 000
Total Equity	404 663 000	1 541 113 000	1 998 085 000	1 035 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	590 730 000	498 990 000	337 693 000	60 253 000
Creditors	7 000	12 000	280 000	759 000
Unpaid Taxes	361 000	500 000	252 000	130 000
Dividends	0	0	0	0
Other Current Debt	6 417 000	408 000	289 000	299 000
Total Current Debt	6 785 000	72 123 000	821 000	1 188 000
Total Equity and Debt	1 002 179 000	2 112 226 000	2 336 598 000	62 476 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−280,84 %	−29,65 %	−0,15 %	−390,72 %
Debt-to-Equity Ratio	1,46	0,32	0,17	58,22
Operating Profit Margin	−193,67 %	−103,18 %	−118,5 %	−236,78 %
Current Ratio	1,61	0,13	10,76	2,4
Quick Ratio	1,61	0,13	10,76	2,4
Equity Ratio	0,4	0,73	0,86	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %