GMG ELEKTRO AS

3053 STEINBERG

Finances

Share Ownership

Return on Equity

19,63 %

Current Ratio

4,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 435 000	2 182 000	2 509 000	534 000
Net Income	246 000	690 000	699 000	204 000
Total Assets	1 607 000	1 579 000	1 969 000	944 000
Total Equity	1 253 000	1 007 000	394 000	221 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 435 000	2 182 000	2 509 000	534 000
Expenditure	1 120 000	1 301 000	1 594 000	273 000
Operating Profit	315 000	884 000	897 000	260 000
Financial Income	1 000	1 000	0	0
Financial Costs	0	1 000	1 000	0
Financial Balance	1 000	0	−1 000	0
Earnings Before Tax	316 000	885 000	896 000	260 000
Tax	70 000	195 000	197 000	57 000
Net Income	246 000	690 000	699 000	204 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	101 000	138 000	174 000
Total Current Assets	1 542 000	1 478 000	1 831 000	770 000
Total Assets	1 607 000	1 579 000	1 969 000	944 000
Total Retained Equity	1 223 000	977 000	364 000	191 000
Total Equity	1 253 000	1 007 000	394 000	221 000
Total Long-Term Debt	1 000	7 000	7 000	6 000
Total Current Debt	352 000	565 000	1 568 000	717 000
Total Equity and Debt	1 607 000	1 579 000	1 969 000	944 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 434 000	2 181 000	2 509 000	534 000
Other Income	2 000	1 000	0	0
Revenue	1 435 000	2 182 000	2 509 000	534 000
Cost of Goods Sold	916 000	1 108 000	1 385 000	167 000
Salary Costs	6 000	6 000	7 000	1 000
Depreciation	36 000	36 000	36 000	7 000
Impairment	0	0	0	0
Expenditure	1 120 000	1 301 000	1 594 000	273 000
Operating Profit	315 000	884 000	897 000	260 000
Financial Income	1 000	1 000	0	0
Financial Costs	0	1 000	1 000	0
Financial Balance	1 000	0	−1 000	0
Dividends	0	0	495 000	0
Net Income	246 000	690 000	699 000	204 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	7 000	11 000	15 000	19 000
Total Intangible Assets	7 000	11 000	15 000	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	58 000	90 000	122 000	155 000
Total Tangible Assets	58 000	90 000	122 000	155 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	65 000	101 000	138 000	174 000
Stock	38 000	36 000	32 000	49 000
Total Investments	0	0	0	0
Cash, Bank	1 014 000	471 000	926 000	228 000
Total Current Assets	1 542 000	1 478 000	1 831 000	770 000
Total Assets	1 607 000	1 579 000	1 969 000	944 000
Total Equity	1 253 000	1 007 000	394 000	221 000
Short-Term Group Debt	0	148 000	428 000	384 000
Total Long-Term Debt	1 000	7 000	7 000	6 000
Creditors	87 000	132 000	298 000	193 000
Unpaid Taxes	103 000	64 000	111 000	81 000
Dividends	0	0	495 000	0
Other Current Debt	86 000	48 000	48 000	8 000
Total Current Debt	352 000	565 000	1 568 000	717 000
Total Equity and Debt	1 607 000	1 579 000	1 969 000	944 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,63 %	68,52 %	177,41 %	92,31 %
Debt-to-Equity Ratio	0	0,01	0,02	0,03
Operating Profit Margin	21,95 %	40,51 %	35,75 %	48,69 %
Current Ratio	4,38	2,62	1,17	1,07
Quick Ratio	4,91	2,79	1,19	1,15
Equity Ratio	0,78	0,64	0,2	0,23
Gross Profit Margin	36,17 %	49,22 %	44,8 %	68,73 %