GLC SATCOM AS

6012 ÅLESUND

Finances

Share Ownership

Return on Equity

37,42 %

Current Ratio

2,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 021 000	5 042 000	2 454 000	4 358 000
Net Income	895 000	614 000	431 000	1 085 000
Total Assets	4 341 000	4 877 000	1 844 000	3 238 000
Total Equity	2 392 000	1 997 000	1 383 000	2 253 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 021 000	5 042 000	2 454 000	4 358 000
Expenditure	4 150 000	4 262 000	1 820 000	2 991 000
Operating Profit	871 000	780 000	634 000	1 367 000
Financial Income	367 000	222 000	88 000	79 000
Financial Costs	90 000	215 000	170 000	51 000
Financial Balance	277 000	7 000	−82 000	28 000
Earnings Before Tax	1 148 000	787 000	552 000	1 395 000
Tax	253 000	173 000	122 000	309 000
Net Income	895 000	614 000	431 000	1 085 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 000	40 000	396 000	412 000
Total Current Assets	4 309 000	4 837 000	1 448 000	2 826 000
Total Assets	4 341 000	4 877 000	1 844 000	3 238 000
Total Retained Equity	2 342 000	1 947 000	1 333 000	2 213 000
Total Equity	2 392 000	1 997 000	1 383 000	2 253 000
Total Long-Term Debt	8 000	8 000	0	0
Total Current Debt	1 941 000	2 873 000	461 000	985 000
Total Equity and Debt	4 341 000	4 877 000	1 844 000	3 238 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 158 000	4 797 000	2 076 000	4 195 000
Other Income	1 863 000	246 000	378 000	163 000
Revenue	5 021 000	5 042 000	2 454 000	4 358 000
Cost of Goods Sold	2 918 000	3 098 000	625 000	648 000
Salary Costs	849 000	648 000	677 000	1 446 000
Depreciation	8 000	8 000	0	0
Impairment	0	0	0	0
Expenditure	4 150 000	4 262 000	1 820 000	2 991 000
Operating Profit	871 000	780 000	634 000	1 367 000
Financial Income	367 000	222 000	88 000	79 000
Financial Costs	90 000	215 000	170 000	51 000
Financial Balance	277 000	7 000	−82 000	28 000
Dividends	500 000	0	0	0
Net Income	895 000	614 000	431 000	1 085 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	32 000	40 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	396 000	412 000
Total Fixed Assets	32 000	40 000	396 000	412 000
Stock	531 000	826 000	0	0
Total Investments	0	0	0	0
Cash, Bank	2 534 000	1 427 000	780 000	755 000
Total Current Assets	4 309 000	4 837 000	1 448 000	2 826 000
Total Assets	4 341 000	4 877 000	1 844 000	3 238 000
Total Equity	2 392 000	1 997 000	1 383 000	2 253 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	8 000	0	0
Creditors	733 000	1 184 000	20 000	44 000
Unpaid Taxes	107 000	37 000	107 000	335 000
Dividends	500 000	0	0	0
Other Current Debt	349 000	1 479 000	212 000	297 000
Total Current Debt	1 941 000	2 873 000	461 000	985 000
Total Equity and Debt	4 341 000	4 877 000	1 844 000	3 238 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,42 %	30,75 %	31,16 %	48,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,35 %	15,47 %	25,84 %	31,37 %
Current Ratio	2,22	1,68	3,14	2,87
Quick Ratio	3,06	2,36	3,14	2,87
Equity Ratio	0,55	0,41	0,75	0,7
Gross Profit Margin	41,88 %	38,56 %	74,53 %	85,13 %