GERD AS

2005 RÆLINGEN

Finances

Return on Equity

24,01 %

Current Ratio

5,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	0	2 321 000	350 000
Net Income	358 000	1 135 000	198 000
Total Assets	1 735 000	1 610 000	729 000
Total Equity	1 491 000	1 433 000	298 000

Income (NOK)	2022	2021	2020
Revenue	0	2 321 000	350 000
Expenditure	599 000	1 634 000	147 000
Operating Profit	−599 000	686 000	203 000
Financial Income	953 000	658 000	0
Financial Costs	0	8 000	6 000
Financial Balance	953 000	650 000	−6 000
Earnings Before Tax	354 000	1 336 000	198 000
Tax	−4 000	201 000	0
Net Income	358 000	1 135 000	198 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	459 000	481 000	0
Total Current Assets	1 277 000	1 129 000	729 000
Total Assets	1 735 000	1 610 000	729 000
Total Retained Equity	1 391 000	1 333 000	198 000
Total Equity	1 491 000	1 433 000	298 000
Total Long-Term Debt	0	4 000	300 000
Total Current Debt	244 000	173 000	132 000
Total Equity and Debt	1 735 000	1 610 000	729 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	2 321 000	350 000
Other Income	0	0	0
Revenue	0	2 321 000	350 000
Cost of Goods Sold	0	555 000	0
Salary Costs	445 000	855 000	128 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	599 000	1 634 000	147 000
Operating Profit	−599 000	686 000	203 000
Financial Income	953 000	658 000	0
Financial Costs	0	8 000	6 000
Financial Balance	953 000	650 000	−6 000
Dividends	300 000	0	0
Net Income	358 000	1 135 000	198 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	459 000	481 000	0
Total Fixed Assets	459 000	481 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	341 000	483 000	291 000
Total Current Assets	1 277 000	1 129 000	729 000
Total Assets	1 735 000	1 610 000	729 000
Total Equity	1 491 000	1 433 000	298 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	4 000	300 000
Creditors	0	8 000	1 000
Unpaid Taxes	145 000	6 000	123 000
Dividends	300 000	0	0
Other Current Debt	98 000	6 000	14 000
Total Current Debt	244 000	173 000	132 000
Total Equity and Debt	1 735 000	1 610 000	729 000

Financial indicators	2022	2021	2020
Return on Equity	24,01 %	79,2 %	66,44 %
Debt-to-Equity Ratio	0	0	1,01
Operating Profit Margin	-	29,56 %	58 %
Current Ratio	5,23	6,53	5,52
Quick Ratio	5,23	6,53	5,52
Equity Ratio	0,86	0,89	0,41
Gross Profit Margin	-	76,09 %	100 %