G.T. MADSEN AS

8481 BLEIK

Finances

Return on Equity

15,21 %

Current Ratio

0,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 685 000	12 531 000	12 342 000	11 932 000
Net Income	2 430 000	1 377 000	1 292 000	267 000
Total Assets	35 112 000	28 756 000	29 676 000	34 432 000
Total Equity	15 981 000	13 551 000	12 174 000	10 882 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 685 000	12 531 000	12 342 000	11 932 000
Expenditure	13 841 000	10 348 000	10 145 000	10 849 000
Operating Profit	3 844 000	2 183 000	2 197 000	1 082 000
Financial Income	26 000	27 000	35 000	58 000
Financial Costs	750 000	439 000	572 000	798 000
Financial Balance	−724 000	−412 000	−537 000	−740 000
Earnings Before Tax	3 121 000	1 771 000	1 660 000	342 000
Tax	691 000	394 000	369 000	75 000
Net Income	2 430 000	1 377 000	1 292 000	267 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 616 000	26 432 000	28 107 000	29 740 000
Total Current Assets	2 496 000	2 325 000	1 569 000	4 692 000
Total Assets	35 112 000	28 756 000	29 676 000	34 432 000
Total Retained Equity	15 731 000	13 301 000	11 924 000	10 632 000
Total Equity	15 981 000	13 551 000	12 174 000	10 882 000
Total Long-Term Debt	15 911 000	13 252 000	15 700 000	22 129 000
Total Current Debt	3 219 000	1 953 000	1 802 000	1 421 000
Total Equity and Debt	35 112 000	28 756 000	29 676 000	34 432 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 685 000	12 531 000	12 342 000	11 932 000
Other Income	0	0	0	0
Revenue	17 685 000	12 531 000	12 342 000	11 932 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 602 000	6 750 000	6 772 000	6 658 000
Depreciation	2 304 000	1 664 000	1 655 000	1 654 000
Impairment	0	0	0	0
Expenditure	13 841 000	10 348 000	10 145 000	10 849 000
Operating Profit	3 844 000	2 183 000	2 197 000	1 082 000
Financial Income	26 000	27 000	35 000	58 000
Financial Costs	750 000	439 000	572 000	798 000
Financial Balance	−724 000	−412 000	−537 000	−740 000
Dividends	0	0	0	0
Net Income	2 430 000	1 377 000	1 292 000	267 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 991 000	22 490 000	23 849 000	25 208 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	160 000	219 000	278 000	279 000
Total Tangible Assets	3 116 000	3 422 000	3 727 000	3 974 000
Total Fiancial Fixed Assets	508 000	520 000	531 000	558 000
Total Fixed Assets	32 616 000	26 432 000	28 107 000	29 740 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 425 000	2 223 000	1 521 000	4 692 000
Total Current Assets	2 496 000	2 325 000	1 569 000	4 692 000
Total Assets	35 112 000	28 756 000	29 676 000	34 432 000
Total Equity	15 981 000	13 551 000	12 174 000	10 882 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 911 000	13 252 000	15 700 000	22 129 000
Creditors	239 000	141 000	119 000	59 000
Unpaid Taxes	2 154 000	1 388 000	1 302 000	1 058 000
Dividends	0	0	0	0
Other Current Debt	140 000	49 000	50 000	109 000
Total Current Debt	3 219 000	1 953 000	1 802 000	1 421 000
Total Equity and Debt	35 112 000	28 756 000	29 676 000	34 432 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,21 %	10,16 %	10,61 %	2,45 %
Debt-to-Equity Ratio	1	0,98	1,29	2,03
Operating Profit Margin	21,74 %	17,42 %	17,8 %	9,07 %
Current Ratio	0,78	1,19	0,87	3,3
Quick Ratio	0,78	1,19	0,87	3,3
Equity Ratio	0,46	0,47	0,41	0,32
Gross Profit Margin	100 %	100 %	100 %	100 %