GULLSMEDEN AS

9510 ALTA

Finances

Share Ownership

Return on Equity

14,36 %

Current Ratio

1,76

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 753 000	3 711 000	3 380 000	2 380 000
Net Income	112 000	334 000	335 000	−400 000
Total Assets	2 022 000	2 032 000	1 902 000	2 214 000
Total Equity	780 000	668 000	334 000	−1 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 753 000	3 711 000	3 380 000	2 380 000
Expenditure	3 596 000	3 281 000	3 008 000	2 757 000
Operating Profit	158 000	429 000	371 000	−377 000
Financial Income	0	0	1 000	0
Financial Costs	17 000	24 000	37 000	23 000
Financial Balance	−17 000	−24 000	−36 000	−23 000
Earnings Before Tax	141 000	405 000	335 000	−400 000
Tax	29 000	71 000	0	0
Net Income	112 000	334 000	335 000	−400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	13 000	18 000	0
Total Current Assets	1 971 000	2 019 000	1 884 000	2 214 000
Total Assets	2 022 000	2 032 000	1 902 000	2 214 000
Total Retained Equity	330 000	218 000	−116 000	−451 000
Total Equity	780 000	668 000	334 000	−1 000
Total Long-Term Debt	125 000	275 000	425 000	575 000
Total Current Debt	1 117 000	1 089 000	1 143 000	1 640 000
Total Equity and Debt	2 022 000	2 032 000	1 902 000	2 214 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 753 000	3 703 000	3 380 000	2 380 000
Other Income	0	8 000	0	0
Revenue	3 753 000	3 711 000	3 380 000	2 380 000
Cost of Goods Sold	1 897 000	1 769 000	1 585 000	1 195 000
Salary Costs	1 087 000	966 000	857 000	776 000
Depreciation	15 000	5 000	1 000	61 000
Impairment	0	0	0	0
Expenditure	3 596 000	3 281 000	3 008 000	2 757 000
Operating Profit	158 000	429 000	371 000	−377 000
Financial Income	0	0	1 000	0
Financial Costs	17 000	24 000	37 000	23 000
Financial Balance	−17 000	−24 000	−36 000	−23 000
Dividends	0	0	0	0
Net Income	112 000	334 000	335 000	−400 000

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	52 000	13 000	18 000	0
Total Tangible Assets	52 000	13 000	18 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	52 000	13 000	18 000	0
Stock	1 236 000	1 166 000	1 191 000	1 121 000
Total Investments	0	0	0	0
Cash, Bank	677 000	764 000	681 000	1 081 000
Total Current Assets	1 971 000	2 019 000	1 884 000	2 214 000
Total Assets	2 022 000	2 032 000	1 902 000	2 214 000
Total Equity	780 000	668 000	334 000	−1 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	125 000	275 000	425 000	575 000
Creditors	381 000	351 000	346 000	856 000
Unpaid Taxes	174 000	143 000	145 000	72 000
Dividends	0	0	0	0
Other Current Debt	532 000	524 000	652 000	713 000
Total Current Debt	1 117 000	1 089 000	1 143 000	1 640 000
Total Equity and Debt	2 022 000	2 032 000	1 902 000	2 214 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,36 %	50 %	100,3 %	40 000 %
Debt-to-Equity Ratio	0,16	0,41	1,27	−575
Operating Profit Margin	4,21 %	11,56 %	10,98 %	−15,84 %
Current Ratio	1,76	1,85	1,65	1,35
Quick Ratio	−16,56	−26,22	−39,25	4,27
Equity Ratio	0,39	0,33	0,18	−0
Gross Profit Margin	49,45 %	52,33 %	53,11 %	49,79 %