GEOMEC ENGINEERING AS

4022 STAVANGER

Finances

Share Ownership

Return on Equity

28,99 %

Current Ratio

1,15

Debt-to-Equity Ratio

10,63

Key figures (NOK)	2021	2020	2019	2018
Revenue	6 416 000	7 548 000	10 248 000	12 377 000
Net Income	245 000	−978 000	−1 733 000	−57 000
Total Assets	14 296 000	13 183 000	12 253 000	13 869 000
Total Equity	845 000	600 000	300 000	504 000

Income (NOK)	2021	2020	2019	2018
Revenue	6 416 000	7 548 000	10 248 000	12 377 000
Expenditure	6 163 000	8 528 000	11 979 000	12 439 000
Operating Profit	252 000	−981 000	−1 730 000	−61 000
Financial Income	0	13 000	8 000	9 000
Financial Costs	7 000	11 000	10 000	4 000
Financial Balance	−7 000	2 000	−2 000	5 000
Earnings Before Tax	245 000	−978 000	−1 733 000	−57 000
Tax	0	0	0	0
Net Income	245 000	−978 000	−1 733 000	−57 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	9 172 000	148 000	173 000	198 000
Total Current Assets	5 124 000	13 036 000	12 080 000	13 671 000
Total Assets	14 296 000	13 183 000	12 253 000	13 869 000
Total Retained Equity	245 000	0	0	202 000
Total Equity	845 000	600 000	300 000	504 000
Total Long-Term Debt	8 982 000	7 660 000	7 432 000	8 491 000
Total Current Debt	4 469 000	4 923 000	4 521 000	4 874 000
Total Equity and Debt	14 296 000	13 183 000	12 253 000	13 869 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	3 488 000	5 848 000	7 075 000	7 550 000
Other Income	2 929 000	1 700 000	3 173 000	4 827 000
Revenue	6 416 000	7 548 000	10 248 000	12 377 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 229 000	3 934 000	5 638 000	6 051 000
Depreciation	63 000	25 000	25 000	51 000
Impairment	0	0	0	0
Expenditure	6 163 000	8 528 000	11 979 000	12 439 000
Operating Profit	252 000	−981 000	−1 730 000	−61 000
Financial Income	0	13 000	8 000	9 000
Financial Costs	7 000	11 000	10 000	4 000
Financial Balance	−7 000	2 000	−2 000	5 000
Dividends	0	0	0	0
Net Income	245 000	−978 000	−1 733 000	−57 000

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	45 000	0	0	0
Fixtures	37 000	95 000	120 000	145 000
Total Tangible Assets	82 000	95 000	120 000	145 000
Total Fiancial Fixed Assets	9 091 000	53 000	53 000	53 000
Total Fixed Assets	9 172 000	148 000	173 000	198 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	234 000	655 000	124 000	1 714 000
Total Current Assets	5 124 000	13 036 000	12 080 000	13 671 000
Total Assets	14 296 000	13 183 000	12 253 000	13 869 000
Total Equity	845 000	600 000	300 000	504 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 982 000	7 660 000	7 432 000	8 491 000
Creditors	1 932 000	1 885 000	1 507 000	1 048 000
Unpaid Taxes	475 000	817 000	960 000	1 580 000
Dividends	0	0	0	0
Other Current Debt	2 063 000	2 221 000	2 054 000	2 246 000
Total Current Debt	4 469 000	4 923 000	4 521 000	4 874 000
Total Equity and Debt	14 296 000	13 183 000	12 253 000	13 869 000

Financial indicators	2021	2020	2019	2018
Return on Equity	28,99 %	−163 %	−577,67 %	−11,31 %
Debt-to-Equity Ratio	10,63	12,77	24,77	16,85
Operating Profit Margin	3,93 %	−13 %	−16,88 %	−0,49 %
Current Ratio	1,15	2,65	2,67	2,8
Quick Ratio	1,15	2,65	2,67	2,8
Equity Ratio	0,06	0,05	0,02	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %