GEXCON CERTIFICATION AS

5072 BERGEN

Finances

Share Ownership

Return on Equity

211 %

Current Ratio

0,64

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 234 000	3 160 000	3 188 000	1 450 000
Net Income	−1 880 000	−1 184 000	−1 040 000	−1 323 000
Total Assets	1 775 000	1 358 000	1 446 000	2 868 000
Total Equity	−891 000	423 000	−937 000	103 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 234 000	3 160 000	3 188 000	1 450 000
Expenditure	4 270 000	4 477 000	4 218 000	2 621 000
Operating Profit	−2 036 000	−1 317 000	−1 028 000	−1 171 000
Financial Income	23 000	19 000	44 000	10 000
Financial Costs	26 000	45 000	56 000	15 000
Financial Balance	−3 000	−26 000	−12 000	−5 000
Earnings Before Tax	−2 039 000	−1 343 000	−1 041 000	−1 175 000
Tax	−160 000	−160 000	−1 000	148 000
Net Income	−1 880 000	−1 184 000	−1 040 000	−1 323 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	101 000	166 000	232 000
Total Current Assets	1 706 000	1 257 000	1 280 000	2 636 000
Total Assets	1 775 000	1 358 000	1 446 000	2 868 000
Total Retained Equity	−1 991 000	−1 246 000	−1 040 000	0
Total Equity	−891 000	423 000	−937 000	103 000
Total Long-Term Debt	0	100 000	100 000	101 000
Total Current Debt	2 666 000	835 000	2 284 000	2 665 000
Total Equity and Debt	1 775 000	1 358 000	1 446 000	2 868 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 234 000	3 160 000	3 188 000	1 450 000
Other Income	0	0	0	0
Revenue	2 234 000	3 160 000	3 188 000	1 450 000
Cost of Goods Sold	86 000	10 000	7 000	7 000
Salary Costs	3 532 000	3 567 000	3 505 000	2 023 000
Depreciation	63 000	66 000	66 000	61 000
Impairment	0	0	0	0
Expenditure	4 270 000	4 477 000	4 218 000	2 621 000
Operating Profit	−2 036 000	−1 317 000	−1 028 000	−1 171 000
Financial Income	23 000	19 000	44 000	10 000
Financial Costs	26 000	45 000	56 000	15 000
Financial Balance	−3 000	−26 000	−12 000	−5 000
Dividends	0	0	0	0
Net Income	−1 880 000	−1 184 000	−1 040 000	−1 323 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	41 000	96 000	151 000	206 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	4 000	15 000	26 000
Total Tangible Assets	27 000	4 000	15 000	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	69 000	101 000	166 000	232 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	143 000	378 000	205 000
Total Current Assets	1 706 000	1 257 000	1 280 000	2 636 000
Total Assets	1 775 000	1 358 000	1 446 000	2 868 000
Total Equity	−891 000	423 000	−937 000	103 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	100 000	100 000	101 000
Creditors	2 796 000	835 000	2 284 000	2 655 000
Unpaid Taxes	−130 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	10 000
Total Current Debt	2 666 000	835 000	2 284 000	2 665 000
Total Equity and Debt	1 775 000	1 358 000	1 446 000	2 868 000

Financial indicators	2022	2021	2020	2019
Return on Equity	211 %	−279,91 %	110,99 %	−1 284,47 %
Debt-to-Equity Ratio	−0	0,24	−0,11	0,98
Operating Profit Margin	−91,14 %	−41,68 %	−32,25 %	−80,76 %
Current Ratio	0,64	1,51	0,56	0,99
Quick Ratio	0,64	1,51	0,56	0,99
Equity Ratio	−0,5	0,31	−0,65	0,04
Gross Profit Margin	96,15 %	99,68 %	99,78 %	99,52 %