GERIMEC AS

4023 STAVANGER

Finances

Share Ownership

Return on Equity

12,91 %

Current Ratio

4,49

Debt-to-Equity Ratio

3,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 994 000	2 078 000	1 231 000	873 000
Net Income	482 000	−577 000	−981 000	−1 991 000
Total Assets	15 908 000	16 460 000	23 671 000	17 628 000
Total Equity	3 734 000	3 252 000	3 829 000	4 811 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 994 000	2 078 000	1 231 000	873 000
Expenditure	2 227 000	2 512 000	2 071 000	2 648 000
Operating Profit	767 000	−433 000	−841 000	−1 775 000
Financial Income	113 000	128 000	222 000	285 000
Financial Costs	399 000	272 000	362 000	520 000
Financial Balance	−286 000	−144 000	−140 000	−235 000
Earnings Before Tax	482 000	−577 000	−981 000	−2 010 000
Tax	0	0	0	−18 000
Net Income	482 000	−577 000	−981 000	−1 991 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 757 000	12 919 000	14 493 000	17 145 000
Total Current Assets	3 152 000	3 542 000	9 178 000	483 000
Total Assets	15 908 000	16 460 000	23 671 000	17 628 000
Total Retained Equity	482 000	0	0	−3 285 000
Total Equity	3 734 000	3 252 000	3 829 000	4 811 000
Total Long-Term Debt	11 472 000	12 072 000	11 700 000	12 150 000
Total Current Debt	702 000	1 136 000	8 141 000	667 000
Total Equity and Debt	15 908 000	16 460 000	23 671 000	17 628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	13 000	166 000	15 000
Other Income	2 994 000	2 065 000	1 065 000	858 000
Revenue	2 994 000	2 078 000	1 231 000	873 000
Cost of Goods Sold	0	3 000	46 000	12 000
Salary Costs	780 000	781 000	763 000	863 000
Depreciation	292 000	344 000	372 000	423 000
Impairment	0	0	0	0
Expenditure	2 227 000	2 512 000	2 071 000	2 648 000
Operating Profit	767 000	−433 000	−841 000	−1 775 000
Financial Income	113 000	128 000	222 000	285 000
Financial Costs	399 000	272 000	362 000	520 000
Financial Balance	−286 000	−144 000	−140 000	−235 000
Dividends	0	0	0	0
Net Income	482 000	−577 000	−981 000	−1 991 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	9 599 000	9 889 000	10 215 000	10 541 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	0	18 000	64 000
Total Tangible Assets	9 637 000	9 889 000	10 233 000	10 605 000
Total Fiancial Fixed Assets	3 120 000	3 030 000	4 260 000	6 540 000
Total Fixed Assets	12 757 000	12 919 000	14 493 000	17 145 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 978 000	3 156 000	9 010 000	358 000
Total Current Assets	3 152 000	3 542 000	9 178 000	483 000
Total Assets	15 908 000	16 460 000	23 671 000	17 628 000
Total Equity	3 734 000	3 252 000	3 829 000	4 811 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 472 000	12 072 000	11 700 000	12 150 000
Creditors	88 000	112 000	206 000	157 000
Unpaid Taxes	48 000	42 000	25 000	12 000
Dividends	0	0	0	0
Other Current Debt	567 000	981 000	7 911 000	498 000
Total Current Debt	702 000	1 136 000	8 141 000	667 000
Total Equity and Debt	15 908 000	16 460 000	23 671 000	17 628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,91 %	−17,74 %	−25,62 %	−41,38 %
Debt-to-Equity Ratio	3,07	3,71	3,06	2,53
Operating Profit Margin	25,62 %	−20,84 %	−68,32 %	−203,32 %
Current Ratio	4,49	3,12	1,13	0,72
Quick Ratio	4,49	3,12	1,13	0,72
Equity Ratio	0,23	0,2	0,16	0,27
Gross Profit Margin	100 %	99,86 %	96,26 %	98,63 %