GENETECH NORGE AS

2020 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

41,5 %

Current Ratio

1,82

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 662 000	17 855 000	9 737 000	9 878 000
Net Income	1 464 000	1 545 000	153 000	234 000
Total Assets	7 092 000	6 091 000	3 751 000	4 267 000
Total Equity	3 528 000	3 065 000	2 520 000	2 867 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 662 000	17 855 000	9 737 000	9 878 000
Expenditure	16 834 000	15 856 000	9 596 000	9 541 000
Operating Profit	1 828 000	1 999 000	141 000	336 000
Financial Income	40 000	36 000	104 000	12 000
Financial Costs	29 000	60 000	18 000	23 000
Financial Balance	11 000	−24 000	86 000	−11 000
Earnings Before Tax	1 840 000	1 975 000	227 000	326 000
Tax	376 000	430 000	74 000	92 000
Net Income	1 464 000	1 545 000	153 000	234 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	997 000	315 000	344 000	292 000
Total Current Assets	6 095 000	5 777 000	3 406 000	3 976 000
Total Assets	7 092 000	6 091 000	3 751 000	4 267 000
Total Retained Equity	3 428 000	2 965 000	2 420 000	2 767 000
Total Equity	3 528 000	3 065 000	2 520 000	2 867 000
Total Long-Term Debt	219 000	0	0	0
Total Current Debt	3 345 000	3 027 000	1 231 000	1 400 000
Total Equity and Debt	7 092 000	6 091 000	3 751 000	4 267 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 630 000	17 855 000	9 737 000	9 878 000
Other Income	32 000	0	0	0
Revenue	18 662 000	17 855 000	9 737 000	9 878 000
Cost of Goods Sold	12 218 000	12 179 000	6 766 000	5 851 000
Salary Costs	2 949 000	2 439 000	1 760 000	2 362 000
Depreciation	109 000	24 000	28 000	14 000
Impairment	0	0	0	0
Expenditure	16 834 000	15 856 000	9 596 000	9 541 000
Operating Profit	1 828 000	1 999 000	141 000	336 000
Financial Income	40 000	36 000	104 000	12 000
Financial Costs	29 000	60 000	18 000	23 000
Financial Balance	11 000	−24 000	86 000	−11 000
Dividends	1 000 000	1 000 000	500 000	500 000
Net Income	1 464 000	1 545 000	153 000	234 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	731 000	52 000	70 000	5 000
Fixtures	0	0	6 000	12 000
Total Tangible Assets	731 000	52 000	76 000	17 000
Total Fiancial Fixed Assets	266 000	262 000	268 000	274 000
Total Fixed Assets	997 000	315 000	344 000	292 000
Stock	804 000	1 806 000	1 636 000	2 569 000
Total Investments	0	0	0	0
Cash, Bank	1 288 000	1 061 000	1 177 000	349 000
Total Current Assets	6 095 000	5 777 000	3 406 000	3 976 000
Total Assets	7 092 000	6 091 000	3 751 000	4 267 000
Total Equity	3 528 000	3 065 000	2 520 000	2 867 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	219 000	0	0	0
Creditors	519 000	13 000	44 000	20 000
Unpaid Taxes	1 278 000	1 252 000	408 000	555 000
Dividends	1 000 000	1 000 000	500 000	500 000
Other Current Debt	176 000	332 000	205 000	234 000
Total Current Debt	3 345 000	3 027 000	1 231 000	1 400 000
Total Equity and Debt	7 092 000	6 091 000	3 751 000	4 267 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,5 %	50,41 %	6,07 %	8,16 %
Debt-to-Equity Ratio	0,06	0	0	0
Operating Profit Margin	9,8 %	11,2 %	1,45 %	3,4 %
Current Ratio	1,82	1,91	2,77	2,84
Quick Ratio	2,4	4,73	−8,41	−3,4
Equity Ratio	0,5	0,5	0,67	0,67
Gross Profit Margin	34,53 %	31,79 %	30,51 %	40,77 %