GLAMITEC AS

2615 LILLEHAMMER

Finances

Share Ownership

Return on Equity

1,1 %

Current Ratio

0,68

Debt-to-Equity Ratio

3,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 767 000	13 725 000	17 726 000	15 802 000
Net Income	6 000	−524 000	865 000	112 000
Total Assets	4 978 000	5 263 000	5 499 000	3 712 000
Total Equity	545 000	539 000	1 064 000	199 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 767 000	13 725 000	17 726 000	15 802 000
Expenditure	16 251 000	13 909 000	14 651 000	15 551 000
Operating Profit	152 000	−675 000	1 196 000	249 000
Financial Income	26 000	27 000	14 000	3 000
Financial Costs	169 000	174 000	101 000	103 000
Financial Balance	−143 000	−147 000	−87 000	−100 000
Earnings Before Tax	9 000	−822 000	1 109 000	149 000
Tax	3 000	−298 000	244 000	37 000
Net Income	6 000	−524 000	865 000	112 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 187 000	3 442 000	941 000	1 298 000
Total Current Assets	1 791 000	1 820 000	4 557 000	2 414 000
Total Assets	4 978 000	5 263 000	5 499 000	3 712 000
Total Retained Equity	181 000	175 000	700 000	−165 000
Total Equity	545 000	539 000	1 064 000	199 000
Total Long-Term Debt	1 805 000	2 376 000	1 400 000	1 825 000
Total Current Debt	2 629 000	2 347 000	3 035 000	1 688 000
Total Equity and Debt	4 978 000	5 263 000	5 499 000	3 712 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 272 000	13 511 000	17 645 000	15 802 000
Other Income	496 000	213 000	81 000	0
Revenue	17 767 000	13 725 000	17 726 000	15 802 000
Cost of Goods Sold	5 306 000	3 677 000	5 938 000	7 070 000
Salary Costs	6 412 000	6 126 000	5 145 000	4 588 000
Depreciation	498 000	198 000	107 000	375 000
Impairment	0	0	0	0
Expenditure	16 251 000	13 909 000	14 651 000	15 551 000
Operating Profit	152 000	−675 000	1 196 000	249 000
Financial Income	26 000	27 000	14 000	3 000
Financial Costs	169 000	174 000	101 000	103 000
Financial Balance	−143 000	−147 000	−87 000	−100 000
Dividends	0	0	0	0
Net Income	6 000	−524 000	865 000	112 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	288 000	360 000	0	0
Total Intangible Assets	1 105 000	1 243 000	648 000	955 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	648 000	721 000	97 000	96 000
Fixtures	1 328 000	1 325 000	29 000	39 000
Total Tangible Assets	1 977 000	2 046 000	126 000	135 000
Total Fiancial Fixed Assets	105 000	153 000	167 000	209 000
Total Fixed Assets	3 187 000	3 442 000	941 000	1 298 000
Stock	656 000	712 000	357 000	330 000
Total Investments	0	0	0	0
Cash, Bank	216 000	221 000	2 572 000	964 000
Total Current Assets	1 791 000	1 820 000	4 557 000	2 414 000
Total Assets	4 978 000	5 263 000	5 499 000	3 712 000
Total Equity	545 000	539 000	1 064 000	199 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 805 000	2 376 000	1 400 000	1 825 000
Creditors	840 000	492 000	1 482 000	492 000
Unpaid Taxes	831 000	701 000	866 000	619 000
Dividends	0	0	0	0
Other Current Debt	906 000	686 000	687 000	578 000
Total Current Debt	2 629 000	2 347 000	3 035 000	1 688 000
Total Equity and Debt	4 978 000	5 263 000	5 499 000	3 712 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,1 %	−97,22 %	81,3 %	56,28 %
Debt-to-Equity Ratio	3,31	4,41	1,32	9,17
Operating Profit Margin	0,86 %	−4,92 %	6,75 %	1,58 %
Current Ratio	0,68	0,78	1,5	1,43
Quick Ratio	0,91	1,11	1,7	1,78
Equity Ratio	0,11	0,1	0,19	0,05
Gross Profit Margin	70,14 %	73,21 %	66,5 %	55,26 %