Financial statements Galec

Profit and loss statement of Galec

Company age:
Age:
24 y. 2 m. 27 d.
Share capital:
Share capital:
593 500 PLN
Profit and loss statement Balance Cash flow Profitability

Revenue and profit of GALEC

Year
2018
2019
2020
2021
2022
2023
Net sales 9 238 536,10 12 081 536,01 13 628 199,05 17 121 853,83 21 976 294,96 31 509 550,77
Operating activity costs 15 667 731,50 18 565 453,95 20 821 726,63 25 437 380,49 32 693 451,34 47 648 144,45
Sales profit -6 429 195,40 -6 483 917,94 -7 193 527,58 -8 315 526,66 -10 717 156,38 -16 138 593,68
Other operating income 15 455,92 7 143,96 6 238,73 3,67 77 294,00 1 389 627,19
Other operating expenses 2 067,71 40 009,91 947,37 5 508,42 691 633,02 1 331 267,43
Operating profit (loss) -6 415 807,19 -6 516 783,89 -7 188 236,22 -8 321 031,41 -11 331 495,40 -16 080 233,92
Gross profit (loss) 5 663 163,74 6 320 477,99 6 554 541,45 1 495 254,84 5 633 444,30 -3 948 223,90
Net profit (loss) 4 466 476,74 5 230 589,99 4 892 245,45 1 067 449,84 4 357 837,30 -3 310 425,90
Financial data is automatically retrieved from the EKRS webpage of the Ministry of Justice.
  • Sales Revenue - Revenue obtained from the sale of goods, products, or services during a given reporting period.li>
  • Cost of Goods Sold - Costs directly related to the production or purchase of the products, goods, or services sold.
  • Gross Profit from Sales - The difference between sales revenue and the cost of goods sold.
  • Income Tax - The amount of income tax payable on gross profit in accordance with tax regulations.
  • Net Profit - The profit after deducting all costs, including income tax.
  • Amortization - Amortization is an accounting method used to gradually reduce the book value of a loan or intangible asset over a specific time frame. For loans, it involves distributing payments across the repayment period. When applied to assets, amortization functions similarly to depreciation.
  • Employee Costs - Costs related to salaries, social benefits, and other employment-related expenses.
  • Selling Costs - Costs related to sales activities, including expenses for advertising, marketing, transportation, etc.
  • General Administrative Costs - Costs related to maintaining the company's operational activities, including administrative expenses.
  • Operating Profit (EBIT) - Profit before deducting interest and taxes, calculated as the difference between revenue and operating costs.
  • Financial Income - Income earned from financial activities, such as interest, dividends, and gains from securities.
  • Financial Costs - Costs related to financial activities, such as interest on loans and losses from trading securities.
  • Gross Profit - Profit before taxation, taking into account the company's operating and financial activities.
  • Other Operating Income - Income related to operating activities that do not directly result from sales, such as the sale of assets.
  • Other Operating Costs - Costs related to operating activities that are not directly tied to the core business, such as losses from the sale of assets.
  • Interest Income - Income earned from interest on bank deposits, bonds, or other financial instruments.
  • Interest Costs - Costs incurred from interest on loans, borrowings, or bonds.
  • Earnings Per Share (EPS) -
  • - Profit attributable to one common share, calculated as net profit divided by the number of shares.
  • Profit Before Tax - Profit earned after accounting for all operating and financial costs, but before tax deduction.
  • Gain on Sale of Assets - Profit earned from the sale of fixed assets or other components of the company's property.
  • External Services Costs - Costs related to services provided by external entities, such as transportation, repair, or consulting services.
  • Compensation and Penalty Costs - Costs incurred for the payment of compensation, contractual penalties, or other liabilities arising from court or administrative decisions.
  • Grants and Subsidies - Income earned from grants, subsidies, or other forms of financial support received from the government or other institutions.
  • Research and Development (R&D) Costs - Costs incurred for research and development activities aimed at innovation and improving products or services.
  • Bank Fees and Commissions - Costs incurred for bank services, including account management, financial transaction processing, and other banking services.
  • License Income - Income earned from granting licenses for the use of intellectual property rights, such as patents or trademarks.
  • Promotion and Advertising Costs - Costs related to marketing activities, promotion, and advertising of products or services.