VEAS RØR AS

3036 DRAMMEN

Finances

Return on Equity

60,2 %

Current Ratio

1,3

Debt-to-Equity Ratio

1,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	112 832 000	81 638 000	86 771 000	68 068 000
Net Income	4 747 000	2 355 000	2 347 000	4 310 000
Total Assets	40 769 000	28 511 000	27 693 000	26 787 000
Total Equity	7 885 000	6 288 000	5 333 000	6 498 000

Income (NOK)	2022	2021	2020	2019
Revenue	112 832 000	81 638 000	86 771 000	68 068 000
Expenditure	106 312 000	78 390 000	83 534 000	62 249 000
Operating Profit	6 520 000	3 248 000	3 238 000	5 821 000
Financial Income	97 000	108 000	119 000	86 000
Financial Costs	502 000	322 000	348 000	381 000
Financial Balance	−405 000	−214 000	−229 000	−295 000
Earnings Before Tax	6 116 000	3 034 000	3 009 000	5 526 000
Tax	1 368 000	680 000	663 000	1 216 000
Net Income	4 747 000	2 355 000	2 347 000	4 310 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 800 000	8 567 000	8 532 000	6 932 000
Total Current Assets	26 969 000	19 944 000	19 161 000	19 854 000
Total Assets	40 769 000	28 511 000	27 693 000	26 787 000
Total Retained Equity	7 788 000	6 188 000	5 233 000	6 398 000
Total Equity	7 885 000	6 288 000	5 333 000	6 498 000
Total Long-Term Debt	12 205 000	8 247 000	8 418 000	6 778 000
Total Current Debt	20 679 000	13 976 000	13 942 000	13 510 000
Total Equity and Debt	40 769 000	28 511 000	27 693 000	26 787 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	112 843 000	81 678 000	86 665 000	67 901 000
Other Income	−12 000	−40 000	107 000	167 000
Revenue	112 832 000	81 638 000	86 771 000	68 068 000
Cost of Goods Sold	64 633 000	43 171 000	52 728 000	36 005 000
Salary Costs	31 838 000	27 116 000	24 341 000	20 582 000
Depreciation	2 226 000	1 767 000	1 434 000	1 272 000
Impairment	0	0	0	0
Expenditure	106 312 000	78 390 000	83 534 000	62 249 000
Operating Profit	6 520 000	3 248 000	3 238 000	5 821 000
Financial Income	97 000	108 000	119 000	86 000
Financial Costs	502 000	322 000	348 000	381 000
Financial Balance	−405 000	−214 000	−229 000	−295 000
Dividends	3 000 000	1 400 000	3 511 000	0
Net Income	4 747 000	2 355 000	2 347 000	4 310 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	32 000	63 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 800 000	8 536 000	8 439 000	6 880 000
Total Tangible Assets	13 800 000	8 536 000	8 439 000	6 880 000
Total Fiancial Fixed Assets	0	0	30 000	52 000
Total Fixed Assets	13 800 000	8 567 000	8 532 000	6 932 000
Stock	81 000	40 000	40 000	40 000
Total Investments	0	0	0	0
Cash, Bank	5 623 000	5 016 000	858 000	5 873 000
Total Current Assets	26 969 000	19 944 000	19 161 000	19 854 000
Total Assets	40 769 000	28 511 000	27 693 000	26 787 000
Total Equity	7 885 000	6 288 000	5 333 000	6 498 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 205 000	8 247 000	8 418 000	6 778 000
Creditors	10 117 000	6 428 000	6 144 000	6 413 000
Unpaid Taxes	3 422 000	3 066 000	2 704 000	2 053 000
Dividends	3 000 000	1 400 000	3 511 000	0
Other Current Debt	2 857 000	2 416 000	2 876 000	3 931 000
Total Current Debt	20 679 000	13 976 000	13 942 000	13 510 000
Total Equity and Debt	40 769 000	28 511 000	27 693 000	26 787 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,2 %	37,45 %	44,01 %	66,33 %
Debt-to-Equity Ratio	1,55	1,31	1,58	1,04
Operating Profit Margin	5,78 %	3,98 %	3,73 %	8,55 %
Current Ratio	1,3	1,43	1,37	1,47
Quick Ratio	1,31	1,43	1,38	1,47
Equity Ratio	0,19	0,22	0,19	0,24
Gross Profit Margin	42,72 %	47,12 %	39,23 %	47,1 %