GEMITECH AS

3684 NOTODDEN

Finances

Return on Equity

1,11 %

Current Ratio

3,97

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	126 000	113 000	165 000	1 160 000
Net Income	33 000	77 000	−245 000	67 000
Total Assets	3 770 000	3 316 000	3 262 000	3 407 000
Total Equity	2 961 000	2 927 000	2 850 000	3 095 000

Income (NOK)	2021	2020	2019	2018
Revenue	126 000	113 000	165 000	1 160 000
Expenditure	286 000	39 000	434 000	674 000
Operating Profit	−160 000	74 000	−270 000	486 000
Financial Income	326 000	3 000	26 000	9 000
Financial Costs	133 000	0	2 000	327 000
Financial Balance	193 000	3 000	24 000	−318 000
Earnings Before Tax	33 000	77 000	−245 000	168 000
Tax	0	0	0	101 000
Net Income	33 000	77 000	−245 000	67 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	557 000	2 482 000	2 482 000	2 527 000
Total Current Assets	3 214 000	834 000	780 000	880 000
Total Assets	3 770 000	3 316 000	3 262 000	3 407 000
Total Retained Equity	2 861 000	2 827 000	2 750 000	2 995 000
Total Equity	2 961 000	2 927 000	2 850 000	3 095 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	810 000	389 000	412 000	312 000
Total Equity and Debt	3 770 000	3 316 000	3 262 000	3 407 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	126 000	113 000	165 000	1 160 000
Other Income	0	0	0	0
Revenue	126 000	113 000	165 000	1 160 000
Cost of Goods Sold	0	0	5 000	320 000
Salary Costs	0	0	314 000	307 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	286 000	39 000	434 000	674 000
Operating Profit	−160 000	74 000	−270 000	486 000
Financial Income	326 000	3 000	26 000	9 000
Financial Costs	133 000	0	2 000	327 000
Financial Balance	193 000	3 000	24 000	−318 000
Dividends	0	0	0	0
Net Income	33 000	77 000	−245 000	67 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	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	557 000	2 482 000	2 482 000	2 527 000
Total Fixed Assets	557 000	2 482 000	2 482 000	2 527 000
Stock	0	0	0	0
Total Investments	537 000	0	0	0
Cash, Bank	2 627 000	566 000	558 000	386 000
Total Current Assets	3 214 000	834 000	780 000	880 000
Total Assets	3 770 000	3 316 000	3 262 000	3 407 000
Total Equity	2 961 000	2 927 000	2 850 000	3 095 000
Short-Term Group Debt	0	113 000	113 000	113 000
Total Long-Term Debt	0	0	0	0
Creditors	90 000	7 000	10 000	0
Unpaid Taxes	19 000	19 000	57 000	42 000
Dividends	0	0	0	0
Other Current Debt	701 000	251 000	232 000	146 000
Total Current Debt	810 000	389 000	412 000	312 000
Total Equity and Debt	3 770 000	3 316 000	3 262 000	3 407 000

Financial indicators	2021	2020	2019	2018
Return on Equity	1,11 %	2,63 %	−8,6 %	2,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−126,98 %	65,49 %	−163,64 %	41,9 %
Current Ratio	3,97	2,14	1,89	2,82
Quick Ratio	3,97	2,14	1,89	2,82
Equity Ratio	0,79	0,88	0,87	0,91
Gross Profit Margin	100 %	100 %	96,97 %	72,41 %