GCE OCEAN TECHNOLOGY SA

5006 BERGEN

Finances

Return on Equity

0,89 %

Current Ratio

2,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 945 000	20 642 000	19 542 000	19 797 000
Net Income	51 000	3 322 000	1 576 000	445 000
Total Assets	8 924 000	10 778 000	6 041 000	5 023 000
Total Equity	5 719 000	5 668 000	2 346 000	770 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 945 000	20 642 000	19 542 000	19 797 000
Expenditure	19 890 000	17 290 000	17 505 000	19 321 000
Operating Profit	55 000	3 352 000	2 038 000	476 000
Financial Income	1 000	0	5 000	2 000
Financial Costs	6 000	30 000	39 000	31 000
Financial Balance	−5 000	−30 000	−34 000	−29 000
Earnings Before Tax	51 000	3 322 000	2 004 000	447 000
Tax	0	0	429 000	2 000
Net Income	51 000	3 322 000	1 576 000	445 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	266 000	250 000	250 000	285 000
Total Current Assets	8 658 000	10 528 000	5 791 000	4 738 000
Total Assets	8 924 000	10 778 000	6 041 000	5 023 000
Total Retained Equity	5 719 000	5 668 000	2 346 000	770 000
Total Equity	5 719 000	5 668 000	2 346 000	770 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 205 000	5 111 000	3 696 000	4 253 000
Total Equity and Debt	8 924 000	10 778 000	6 041 000	5 023 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	19 945 000	20 642 000	19 542 000	19 797 000
Revenue	19 945 000	20 642 000	19 542 000	19 797 000
Cost of Goods Sold	5 004 000	4 057 000	4 864 000	5 430 000
Salary Costs	9 280 000	9 416 000	9 237 000	8 545 000
Depreciation	1 000	0	35 000	137 000
Impairment	0	0	0	0
Expenditure	19 890 000	17 290 000	17 505 000	19 321 000
Operating Profit	55 000	3 352 000	2 038 000	476 000
Financial Income	1 000	0	5 000	2 000
Financial Costs	6 000	30 000	39 000	31 000
Financial Balance	−5 000	−30 000	−34 000	−29 000
Dividends	0	0	0	0
Net Income	51 000	3 322 000	1 576 000	445 000

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	16 000	0	0	35 000
Total Tangible Assets	16 000	0	0	35 000
Total Fiancial Fixed Assets	250 000	250 000	250 000	250 000
Total Fixed Assets	266 000	250 000	250 000	285 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 465 000	5 825 000	2 080 000	1 149 000
Total Current Assets	8 658 000	10 528 000	5 791 000	4 738 000
Total Assets	8 924 000	10 778 000	6 041 000	5 023 000
Total Equity	5 719 000	5 668 000	2 346 000	770 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	904 000	1 458 000	949 000	1 485 000
Unpaid Taxes	718 000	719 000	700 000	744 000
Dividends	0	0	0	0
Other Current Debt	1 582 000	2 933 000	1 619 000	2 023 000
Total Current Debt	3 205 000	5 111 000	3 696 000	4 253 000
Total Equity and Debt	8 924 000	10 778 000	6 041 000	5 023 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,89 %	58,61 %	67,18 %	57,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,28 %	16,24 %	10,43 %	2,4 %
Current Ratio	2,7	2,06	1,57	1,11
Quick Ratio	2,7	2,06	1,57	1,11
Equity Ratio	0,64	0,53	0,39	0,15
Gross Profit Margin	74,91 %	80,35 %	75,11 %	72,57 %