GARSTAD AS

4077 HUNDVÅG

Finances

Share Ownership

Return on Equity

6,69 %

Current Ratio

1,07

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 005 000	36 345 000	42 809 000	38 773 000
Net Income	178 000	687 000	−73 000	−507 000
Total Assets	19 133 000	15 792 000	15 215 000	18 149 000
Total Equity	2 662 000	2 484 000	2 484 000	2 557 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 005 000	36 345 000	42 809 000	38 773 000
Expenditure	31 131 000	35 172 000	42 372 000	38 742 000
Operating Profit	874 000	1 173 000	437 000	31 000
Financial Income	149 000	156 000	24 000	120 000
Financial Costs	795 000	451 000	554 000	798 000
Financial Balance	−646 000	−295 000	−530 000	−678 000
Earnings Before Tax	228 000	878 000	−93 000	−647 000
Tax	50 000	192 000	−20 000	−140 000
Net Income	178 000	687 000	−73 000	−507 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 255 000	4 528 000	4 652 000	4 734 000
Total Current Assets	15 878 000	11 264 000	10 563 000	13 415 000
Total Assets	19 133 000	15 792 000	15 215 000	18 149 000
Total Retained Equity	178 000	0	0	−132 000
Total Equity	2 662 000	2 484 000	2 484 000	2 557 000
Total Long-Term Debt	1 698 000	2 193 000	3 120 000	4 002 000
Total Current Debt	14 774 000	11 115 000	9 611 000	11 590 000
Total Equity and Debt	19 133 000	15 792 000	15 215 000	18 149 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 003 000	36 345 000	42 801 000	38 747 000
Other Income	2 000	0	7 000	26 000
Revenue	32 005 000	36 345 000	42 809 000	38 773 000
Cost of Goods Sold	20 535 000	24 567 000	31 342 000	27 242 000
Salary Costs	5 114 000	5 256 000	5 330 000	5 573 000
Depreciation	828 000	792 000	724 000	699 000
Impairment	0	0	0	197 000
Expenditure	31 131 000	35 172 000	42 372 000	38 742 000
Operating Profit	874 000	1 173 000	437 000	31 000
Financial Income	149 000	156 000	24 000	120 000
Financial Costs	795 000	451 000	554 000	798 000
Financial Balance	−646 000	−295 000	−530 000	−678 000
Dividends	0	0	0	0
Net Income	178 000	687 000	−73 000	−507 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 485 000	1 535 000	1 727 000	1 707 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 508 000	2 916 000	2 730 000	2 673 000
Fixtures	233 000	42 000	154 000	343 000
Total Tangible Assets	1 740 000	2 958 000	2 884 000	3 016 000
Total Fiancial Fixed Assets	30 000	35 000	42 000	12 000
Total Fixed Assets	3 255 000	4 528 000	4 652 000	4 734 000
Stock	12 340 000	7 646 000	5 943 000	9 228 000
Total Investments	0	0	0	0
Cash, Bank	187 000	268 000	260 000	378 000
Total Current Assets	15 878 000	11 264 000	10 563 000	13 415 000
Total Assets	19 133 000	15 792 000	15 215 000	18 149 000
Total Equity	2 662 000	2 484 000	2 484 000	2 557 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 698 000	2 193 000	3 120 000	4 002 000
Creditors	5 715 000	4 758 000	2 111 000	4 242 000
Unpaid Taxes	734 000	478 000	473 000	717 000
Dividends	0	0	0	0
Other Current Debt	980 000	1 269 000	541 000	1 450 000
Total Current Debt	14 774 000	11 115 000	9 611 000	11 590 000
Total Equity and Debt	19 133 000	15 792 000	15 215 000	18 149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,69 %	27,66 %	−2,94 %	−19,83 %
Debt-to-Equity Ratio	0,64	0,88	1,26	1,57
Operating Profit Margin	2,73 %	3,23 %	1,02 %	0,08 %
Current Ratio	1,07	1,01	1,1	1,16
Quick Ratio	6,52	3,25	2,88	5,68
Equity Ratio	0,14	0,16	0,16	0,14
Gross Profit Margin	35,84 %	32,41 %	26,79 %	29,74 %