GEO-ING AS

9180 SKJERVØY

Finances

Share Ownership

Return on Equity

47,75 %

Current Ratio

1,77

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 555 000	8 929 000	4 102 000	950 000
Net Income	553 000	1 116 000	253 000	157 000
Total Assets	2 611 000	3 537 000	1 333 000	510 000
Total Equity	1 158 000	647 000	432 000	178 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 555 000	8 929 000	4 102 000	950 000
Expenditure	6 833 000	7 528 000	3 773 000	752 000
Operating Profit	722 000	1 401 000	330 000	199 000
Financial Income	0	0	0	0
Financial Costs	12 000	23 000	3 000	0
Financial Balance	−12 000	−23 000	−3 000	0
Earnings Before Tax	710 000	1 378 000	327 000	199 000
Tax	157 000	262 000	74 000	42 000
Net Income	553 000	1 116 000	253 000	157 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	321 000	337 000	199 000	0
Total Current Assets	2 290 000	3 201 000	1 134 000	510 000
Total Assets	2 611 000	3 537 000	1 333 000	510 000
Total Retained Equity	1 128 000	617 000	402 000	148 000
Total Equity	1 158 000	647 000	432 000	178 000
Total Long-Term Debt	158 000	309 000	8 000	0
Total Current Debt	1 294 000	2 581 000	894 000	332 000
Total Equity and Debt	2 611 000	3 537 000	1 333 000	510 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 555 000	8 714 000	4 016 000	924 000
Other Income	0	215 000	87 000	27 000
Revenue	7 555 000	8 929 000	4 102 000	950 000
Cost of Goods Sold	455 000	287 000	0	0
Salary Costs	3 922 000	4 666 000	2 376 000	484 000
Depreciation	75 000	50 000	1 000	0
Impairment	0	0	0	0
Expenditure	6 833 000	7 528 000	3 773 000	752 000
Operating Profit	722 000	1 401 000	330 000	199 000
Financial Income	0	0	0	0
Financial Costs	12 000	23 000	3 000	0
Financial Balance	−12 000	−23 000	−3 000	0
Dividends	0	700 000	0	0
Net Income	553 000	1 116 000	253 000	157 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	47 000	20 000	0	0
Fixtures	103 000	108 000	71 000	0
Total Tangible Assets	150 000	128 000	71 000	0
Total Fiancial Fixed Assets	164 000	209 000	128 000	0
Total Fixed Assets	321 000	337 000	199 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	382 000	1 926 000	322 000	202 000
Total Current Assets	2 290 000	3 201 000	1 134 000	510 000
Total Assets	2 611 000	3 537 000	1 333 000	510 000
Total Equity	1 158 000	647 000	432 000	178 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	158 000	309 000	8 000	0
Creditors	146 000	563 000	184 000	21 000
Unpaid Taxes	576 000	552 000	286 000	219 000
Dividends	0	700 000	0	0
Other Current Debt	404 000	459 000	357 000	50 000
Total Current Debt	1 294 000	2 581 000	894 000	332 000
Total Equity and Debt	2 611 000	3 537 000	1 333 000	510 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,75 %	172,49 %	58,56 %	88,2 %
Debt-to-Equity Ratio	0,14	0,48	0,02	0
Operating Profit Margin	9,56 %	15,69 %	8,04 %	20,95 %
Current Ratio	1,77	1,24	1,27	1,54
Quick Ratio	1,77	1,24	1,27	1,54
Equity Ratio	0,44	0,18	0,32	0,35
Gross Profit Margin	93,98 %	96,79 %	100 %	100 %