GEC HOLDING AS

7041 TRONDHEIM

Finances

Return on Equity

−2,2 %

Current Ratio

13,12

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	816 000	50 693 000	90 070 000	101 390 000
Net Income	−2 913 000	−34 526 000	13 840 000	−27 207 000
Total Assets	235 575 000	366 396 000	309 509 000	298 199 000
Total Equity	132 228 000	133 716 000	166 879 000	103 893 000

Income (NOK)	2022	2021	2020	2019
Revenue	816 000	50 693 000	90 070 000	101 390 000
Expenditure	4 432 000	54 658 000	89 165 000	118 983 000
Operating Profit	−3 616 000	−3 966 000	905 000	−17 593 000
Financial Income	26 831 000	38 170 000	42 888 000	6 338 000
Financial Costs	26 128 000	67 411 000	29 753 000	16 137 000
Financial Balance	703 000	−29 241 000	13 135 000	−9 799 000
Earnings Before Tax	−2 913 000	−33 207 000	14 040 000	−27 393 000
Tax	0	1 319 000	200 000	−186 000
Net Income	−2 913 000	−34 526 000	13 840 000	−27 207 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 681 000	177 393 000	190 005 000	160 467 000
Total Current Assets	159 894 000	189 003 000	119 504 000	137 732 000
Total Assets	235 575 000	366 396 000	309 509 000	298 199 000
Total Retained Equity	127 344 000	133 378 000	162 009 000	117 881 000
Total Equity	132 228 000	133 716 000	166 879 000	103 893 000
Total Long-Term Debt	91 156 000	204 064 000	110 421 000	137 964 000
Total Current Debt	12 190 000	28 616 000	32 209 000	56 342 000
Total Equity and Debt	235 575 000	366 396 000	309 509 000	298 199 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	816 000	45 365 000	86 309 000	97 635 000
Other Income	0	5 328 000	3 761 000	3 756 000
Revenue	816 000	50 693 000	90 070 000	101 390 000
Cost of Goods Sold	0	23 150 000	61 628 000	88 688 000
Salary Costs	2 867 000	13 056 000	12 738 000	12 357 000
Depreciation	203 000	5 361 000	5 849 000	5 405 000
Impairment	0	4 205 000	0	0
Expenditure	4 432 000	54 658 000	89 165 000	118 983 000
Operating Profit	−3 616 000	−3 966 000	905 000	−17 593 000
Financial Income	26 831 000	38 170 000	42 888 000	6 338 000
Financial Costs	26 128 000	67 411 000	29 753 000	16 137 000
Financial Balance	703 000	−29 241 000	13 135 000	−9 799 000
Dividends	5 000 000	0	0	0
Net Income	−2 913 000	−34 526 000	13 840 000	−27 207 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	−575 000	−1 437 000	−2 300 000
Total Intangible Assets	0	−249 000	−1 030 000	−1 893 000
Real Eastate	766 000	121 935 000	98 396 000	99 635 000
Machinery and Plant Facilities	0	22 938 000	9 878 000	0
Fixtures	23 000	634 000	1 003 000	1 188 000
Total Tangible Assets	789 000	145 506 000	109 277 000	115 605 000
Total Fiancial Fixed Assets	74 892 000	32 136 000	81 757 000	46 755 000
Total Fixed Assets	75 681 000	177 393 000	190 005 000	160 467 000
Stock	0	0	0	36 878 000
Total Investments	111 746 000	95 085 000	38 930 000	44 370 000
Cash, Bank	38 159 000	89 607 000	76 859 000	50 427 000
Total Current Assets	159 894 000	189 003 000	119 504 000	137 732 000
Total Assets	235 575 000	366 396 000	309 509 000	298 199 000
Total Equity	132 228 000	133 716 000	166 879 000	103 893 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	91 156 000	204 064 000	110 421 000	137 964 000
Creditors	72 000	5 207 000	11 251 000	7 032 000
Unpaid Taxes	197 000	924 000	713 000	1 131 000
Dividends	5 000 000	0	0	0
Other Current Debt	2 539 000	13 742 000	20 022 000	30 811 000
Total Current Debt	12 190 000	28 616 000	32 209 000	56 342 000
Total Equity and Debt	235 575 000	366 396 000	309 509 000	298 199 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,2 %	−25,82 %	8,29 %	−26,19 %
Debt-to-Equity Ratio	0,69	1,53	0,66	1,33
Operating Profit Margin	−443,14 %	−7,82 %	1 %	−17,35 %
Current Ratio	13,12	6,6	3,71	2,44
Quick Ratio	13,12	6,6	3,71	7,08
Equity Ratio	0,56	0,36	0,54	0,35
Gross Profit Margin	100 %	54,33 %	31,58 %	12,53 %