GMG SERVICE AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

3,45 %

Current Ratio

2,63

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 375 000	12 537 000	10 532 000	13 146 000
Net Income	93 000	106 000	16 000	51 000
Total Assets	4 906 000	5 235 000	5 867 000	5 667 000
Total Equity	2 697 000	2 604 000	2 498 000	2 482 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 375 000	12 537 000	10 532 000	13 146 000
Expenditure	9 808 000	12 003 000	10 304 000	12 427 000
Operating Profit	150 000	152 000	121 000	133 000
Financial Income	2 000	28 000	50 000	19 000
Financial Costs	33 000	43 000	56 000	84 000
Financial Balance	−31 000	−15 000	−6 000	−65 000
Earnings Before Tax	119 000	137 000	115 000	68 000
Tax	26 000	31 000	99 000	17 000
Net Income	93 000	106 000	16 000	51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	412 000	366 000	345 000	303 000
Total Current Assets	4 495 000	4 869 000	5 522 000	5 364 000
Total Assets	4 906 000	5 235 000	5 867 000	5 667 000
Total Retained Equity	2 197 000	2 104 000	1 998 000	1 982 000
Total Equity	2 697 000	2 604 000	2 498 000	2 482 000
Total Long-Term Debt	500 000	872 000	1 244 000	1 650 000
Total Current Debt	1 709 000	1 759 000	2 124 000	1 535 000
Total Equity and Debt	4 906 000	5 235 000	5 867 000	5 667 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 375 000	12 537 000	10 532 000	13 146 000
Other Income	0	0	0	0
Revenue	10 375 000	12 537 000	10 532 000	13 146 000
Cost of Goods Sold	3 439 000	5 917 000	3 349 000	6 038 000
Salary Costs	3 792 000	3 791 000	3 874 000	4 078 000
Depreciation	88 000	58 000	73 000	68 000
Impairment	0	0	0	0
Expenditure	9 808 000	12 003 000	10 304 000	12 427 000
Operating Profit	150 000	152 000	121 000	133 000
Financial Income	2 000	28 000	50 000	19 000
Financial Costs	33 000	43 000	56 000	84 000
Financial Balance	−31 000	−15 000	−6 000	−65 000
Dividends	0	0	0	0
Net Income	93 000	106 000	16 000	51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	144 000	170 000	91 000	124 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	268 000	196 000	254 000	179 000
Total Tangible Assets	268 000	196 000	254 000	179 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	412 000	366 000	345 000	303 000
Stock	866 000	1 291 000	1 673 000	1 778 000
Total Investments	0	0	0	0
Cash, Bank	1 598 000	1 411 000	1 950 000	1 639 000
Total Current Assets	4 495 000	4 869 000	5 522 000	5 364 000
Total Assets	4 906 000	5 235 000	5 867 000	5 667 000
Total Equity	2 697 000	2 604 000	2 498 000	2 482 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	500 000	872 000	1 244 000	1 650 000
Creditors	475 000	757 000	950 000	319 000
Unpaid Taxes	747 000	398 000	709 000	606 000
Dividends	0	0	0	0
Other Current Debt	487 000	493 000	400 000	609 000
Total Current Debt	1 709 000	1 759 000	2 124 000	1 535 000
Total Equity and Debt	4 906 000	5 235 000	5 867 000	5 667 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,45 %	4,07 %	0,64 %	2,05 %
Debt-to-Equity Ratio	0,19	0,33	0,5	0,66
Operating Profit Margin	1,45 %	1,21 %	1,15 %	1,01 %
Current Ratio	2,63	2,77	2,6	3,49
Quick Ratio	5,33	10,4	12,24	−22,07
Equity Ratio	0,55	0,5	0,43	0,44
Gross Profit Margin	66,85 %	52,8 %	68,2 %	54,07 %