GLASSWORKS AS

4879 GRIMSTAD

Finances

Share Ownership

Return on Equity

196,18 %

Current Ratio

1,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 457 000	2 115 000	1 102 000	58 000
Net Income	1 130 000	1 560 000	798 000	−45 000
Total Assets	1 650 000	2 116 000	1 112 000	57 000
Total Equity	576 000	576 000	40 000	9 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 457 000	2 115 000	1 102 000	58 000
Expenditure	999 000	115 000	93 000	109 000
Operating Profit	1 457 000	1 999 000	1 009 000	−52 000
Financial Income	2 000	0	0	7 000
Financial Costs	8 000	0	0	0
Financial Balance	−6 000	0	0	7 000
Earnings Before Tax	1 451 000	2 000 000	1 009 000	−45 000
Tax	321 000	440 000	211 000	0
Net Income	1 130 000	1 560 000	798 000	−45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	47 000	59 000	0
Total Current Assets	1 615 000	2 070 000	1 053 000	57 000
Total Assets	1 650 000	2 116 000	1 112 000	57 000
Total Retained Equity	545 000	545 000	9 000	−21 000
Total Equity	576 000	576 000	40 000	9 000
Total Long-Term Debt	1 000	2 000	3 000	41 000
Total Current Debt	1 073 000	1 539 000	1 070 000	7 000
Total Equity and Debt	1 650 000	2 116 000	1 112 000	57 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 457 000	2 115 000	1 102 000	58 000
Other Income	0	0	0	0
Revenue	2 457 000	2 115 000	1 102 000	58 000
Cost of Goods Sold	713 000	9 000	3 000	0
Salary Costs	50 000	39 000	0	0
Depreciation	12 000	12 000	3 000	0
Impairment	0	0	0	0
Expenditure	999 000	115 000	93 000	109 000
Operating Profit	1 457 000	1 999 000	1 009 000	−52 000
Financial Income	2 000	0	0	7 000
Financial Costs	8 000	0	0	0
Financial Balance	−6 000	0	0	7 000
Dividends	1 130 000	1 024 000	768 000	0
Net Income	1 130 000	1 560 000	798 000	−45 000

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	34 000	47 000	59 000	0
Total Tangible Assets	34 000	47 000	59 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	34 000	47 000	59 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	448 000	1 462 000	595 000	28 000
Total Current Assets	1 615 000	2 070 000	1 053 000	57 000
Total Assets	1 650 000	2 116 000	1 112 000	57 000
Total Equity	576 000	576 000	40 000	9 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	2 000	3 000	41 000
Creditors	3 000	5 000	5 000	2 000
Unpaid Taxes	118 000	69 000	89 000	6 000
Dividends	1 130 000	1 024 000	768 000	0
Other Current Debt	0	0	0	0
Total Current Debt	1 073 000	1 539 000	1 070 000	7 000
Total Equity and Debt	1 650 000	2 116 000	1 112 000	57 000

Financial indicators	2022	2021	2020	2019
Return on Equity	196,18 %	270,83 %	1 995 %	−500 %
Debt-to-Equity Ratio	0	0	0,08	4,56
Operating Profit Margin	59,3 %	94,52 %	91,56 %	−89,66 %
Current Ratio	1,51	1,35	0,98	8,14
Quick Ratio	1,51	1,35	0,98	8,14
Equity Ratio	0,35	0,27	0,04	0,16
Gross Profit Margin	70,98 %	99,57 %	99,73 %	100 %