GELCO AS

5236 RÅDAL

Finances

Return on Equity

−12,25 %

Current Ratio

11,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	171 000	61 000	58 000	81 000
Net Income	−3 012 000	4 794 000	1 245 000	−1 595 000
Total Assets	26 143 000	35 355 000	30 090 000	29 830 000
Total Equity	24 595 000	31 606 000	29 812 000	28 754 000

Income (NOK)	2022	2021	2020	2019
Revenue	171 000	61 000	58 000	81 000
Expenditure	4 811 000	433 000	2 503 000	2 028 000
Operating Profit	−4 639 000	−372 000	−2 445 000	−1 947 000
Financial Income	4 418 000	2 552 000	3 645 000	256 000
Financial Costs	2 101 000	−3 651 000	352 000	291 000
Financial Balance	2 317 000	6 203 000	3 293 000	−35 000
Earnings Before Tax	−2 322 000	5 832 000	848 000	−1 983 000
Tax	690 000	1 037 000	−397 000	−388 000
Net Income	−3 012 000	4 794 000	1 245 000	−1 595 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 450 000	10 423 000	9 172 000	9 910 000
Total Current Assets	17 692 000	24 932 000	20 918 000	19 920 000
Total Assets	26 143 000	35 355 000	30 090 000	29 830 000
Total Retained Equity	17 769 000	24 781 000	22 986 000	21 928 000
Total Equity	24 595 000	31 606 000	29 812 000	28 754 000
Total Long-Term Debt	0	231 000	231 000	0
Total Current Debt	1 547 000	3 517 000	47 000	1 076 000
Total Equity and Debt	26 143 000	35 355 000	30 090 000	29 830 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	50 000	50 000	50 000
Other Income	171 000	11 000	8 000	31 000
Revenue	171 000	61 000	58 000	81 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	274 000	2 000	143 000
Depreciation	176 000	173 000	162 000	127 000
Impairment	0	0	0	0
Expenditure	4 811 000	433 000	2 503 000	2 028 000
Operating Profit	−4 639 000	−372 000	−2 445 000	−1 947 000
Financial Income	4 418 000	2 552 000	3 645 000	256 000
Financial Costs	2 101 000	−3 651 000	352 000	291 000
Financial Balance	2 317 000	6 203 000	3 293 000	−35 000
Dividends	4 000 000	0	250 000	0
Net Income	−3 012 000	4 794 000	1 245 000	−1 595 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	887 000	1 735 000	1 338 000
Real Eastate	2 546 000	2 673 000	2 800 000	2 928 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	246 000	294 000	268 000	194 000
Total Tangible Assets	2 792 000	2 968 000	3 069 000	3 121 000
Total Fiancial Fixed Assets	5 658 000	6 568 000	4 368 000	5 451 000
Total Fixed Assets	8 450 000	10 423 000	9 172 000	9 910 000
Stock	0	0	0	0
Total Investments	1 636 000	2 286 000	1 767 000	1 373 000
Cash, Bank	12 618 000	8 537 000	5 192 000	6 484 000
Total Current Assets	17 692 000	24 932 000	20 918 000	19 920 000
Total Assets	26 143 000	35 355 000	30 090 000	29 830 000
Total Equity	24 595 000	31 606 000	29 812 000	28 754 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	231 000	231 000	0
Creditors	0	40 000	41 000	55 000
Unpaid Taxes	11 000	−17 000	−6 000	13 000
Dividends	4 000 000	0	250 000	0
Other Current Debt	1 536 000	3 528 000	26 000	1 111 000
Total Current Debt	1 547 000	3 517 000	47 000	1 076 000
Total Equity and Debt	26 143 000	35 355 000	30 090 000	29 830 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,25 %	15,17 %	4,18 %	−5,55 %
Debt-to-Equity Ratio	0	0,01	0,01	0
Operating Profit Margin	−2 712,87 %	−609,84 %	−4 215,52 %	−2 403,7 %
Current Ratio	11,44	7,09	445,06	18,51
Quick Ratio	11,44	7,09	445,06	18,51
Equity Ratio	0,94	0,89	0,99	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %