GE POWER NORWAY AS

0277 OSLO

Finances

Share Ownership

Return on Equity

−28,49 %

Current Ratio

2,69

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	175 963 000	467 627 000	235 479 000	483 241 000
Net Income	−80 440 000	−9 315 000	−20 054 000	−28 565 000
Total Assets	450 763 000	1 075 544 000	1 091 668 000	1 092 901 000
Total Equity	282 338 000	762 778 000	771 551 000	791 624 000

Income (NOK)	2021	2020	2019	2018
Revenue	175 963 000	467 627 000	235 479 000	483 241 000
Expenditure	228 012 000	491 263 000	276 751 000	479 627 000
Operating Profit	−52 048 000	−23 635 000	−41 272 000	3 614 000
Financial Income	5 514 000	7 232 000	14 770 000	16 033 000
Financial Costs	1 783 000	−4 511 000	−815 000	32 476 000
Financial Balance	3 731 000	11 743 000	15 585 000	−16 443 000
Earnings Before Tax	−48 318 000	−11 893 000	−25 688 000	−12 829 000
Tax	32 122 000	−2 577 000	−5 634 000	15 736 000
Net Income	−80 440 000	−9 315 000	−20 054 000	−28 565 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	375 000	32 560 000	29 958 000	24 380 000
Total Current Assets	450 388 000	1 042 985 000	1 061 711 000	1 068 521 000
Total Assets	450 763 000	1 075 544 000	1 091 668 000	1 092 901 000
Total Retained Equity	10 077 000	490 517 000	499 290 000	519 363 000
Total Equity	282 338 000	762 778 000	771 551 000	791 624 000
Total Long-Term Debt	1 090 000	1 090 000	0	0
Total Current Debt	167 336 000	311 677 000	320 118 000	301 276 000
Total Equity and Debt	450 763 000	1 075 544 000	1 091 668 000	1 092 900 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	161 885 000	467 627 000	235 479 000	483 241 000
Other Income	14 078 000	0	0	0
Revenue	175 963 000	467 627 000	235 479 000	483 241 000
Cost of Goods Sold	147 655 000	396 447 000	174 811 000	372 133 000
Salary Costs	48 497 000	58 484 000	60 244 000	51 131 000
Depreciation	74 000	90 000	57 000	135 000
Impairment	0	0	0	0
Expenditure	228 012 000	491 263 000	276 751 000	479 627 000
Operating Profit	−52 048 000	−23 635 000	−41 272 000	3 614 000
Financial Income	5 514 000	7 232 000	14 770 000	16 033 000
Financial Costs	1 783 000	−4 511 000	−815 000	32 476 000
Financial Balance	3 731 000	11 743 000	15 585 000	−16 443 000
Dividends	0	0	0	0
Net Income	−80 440 000	−9 315 000	−20 054 000	−28 565 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	32 110 000	29 533 000	23 899 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	375 000	449 000	425 000	481 000
Total Tangible Assets	375 000	449 000	425 000	481 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	375 000	32 560 000	29 958 000	24 380 000
Stock	47 461 000	84 222 000	34 612 000	83 237 000
Total Investments	0	0	0	0
Cash, Bank	347 847 000	824 600 000	873 235 000	905 081 000
Total Current Assets	450 388 000	1 042 985 000	1 061 711 000	1 068 521 000
Total Assets	450 763 000	1 075 544 000	1 091 668 000	1 092 901 000
Total Equity	282 338 000	762 778 000	771 551 000	791 624 000
Short-Term Group Debt	25 213 000	135 743 000	76 941 000	55 197 000
Total Long-Term Debt	1 090 000	1 090 000	0	0
Creditors	14 283 000	16 029 000	36 131 000	11 971 000
Unpaid Taxes	16 499 000	17 082 000	21 157 000	12 333 000
Dividends	0	0	0	0
Other Current Debt	111 341 000	142 822 000	199 355 000	204 221 000
Total Current Debt	167 336 000	311 677 000	320 118 000	301 276 000
Total Equity and Debt	450 763 000	1 075 544 000	1 091 668 000	1 092 900 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−28,49 %	−1,22 %	−2,6 %	−3,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−29,58 %	−5,05 %	−17,53 %	0,75 %
Current Ratio	2,69	3,35	3,32	3,55
Quick Ratio	3,76	4,59	3,72	4,9
Equity Ratio	0,63	0,71	0,71	0,72
Gross Profit Margin	16,09 %	15,22 %	25,76 %	22,99 %