NORE VVS AS

1184 OSLO

Finances

Return on Equity

53,73 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 817 000	20 670 000	21 390 000	22 566 000
Net Income	1 765 000	750 000	−9 000	779 000
Total Assets	13 506 000	15 519 000	15 232 000	14 256 000
Total Equity	3 285 000	3 019 000	2 269 000	2 279 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 817 000	20 670 000	21 390 000	22 566 000
Expenditure	21 364 000	19 498 000	21 230 000	21 397 000
Operating Profit	2 452 000	1 171 000	160 000	1 169 000
Financial Income	30 000	60 000	61 000	14 000
Financial Costs	218 000	265 000	231 000	182 000
Financial Balance	−188 000	−205 000	−170 000	−168 000
Earnings Before Tax	2 265 000	965 000	−10 000	1 001 000
Tax	499 000	215 000	−1 000	221 000
Net Income	1 765 000	750 000	−9 000	779 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 176 000	362 000	420 000	235 000
Total Current Assets	12 330 000	15 157 000	14 812 000	14 022 000
Total Assets	13 506 000	15 519 000	15 232 000	14 256 000
Total Retained Equity	2 781 000	2 516 000	1 766 000	1 775 000
Total Equity	3 285 000	3 019 000	2 269 000	2 279 000
Total Long-Term Debt	0	0	99 000	0
Total Current Debt	10 222 000	12 500 000	12 864 000	11 978 000
Total Equity and Debt	13 506 000	15 519 000	15 232 000	14 256 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 817 000	20 670 000	21 331 000	22 311 000
Other Income	0	0	60 000	255 000
Revenue	23 817 000	20 670 000	21 390 000	22 566 000
Cost of Goods Sold	10 118 000	8 932 000	9 692 000	8 782 000
Salary Costs	7 386 000	6 943 000	7 382 000	8 192 000
Depreciation	92 000	56 000	36 000	142 000
Impairment	0	0	0	0
Expenditure	21 364 000	19 498 000	21 230 000	21 397 000
Operating Profit	2 452 000	1 171 000	160 000	1 169 000
Financial Income	30 000	60 000	61 000	14 000
Financial Costs	218 000	265 000	231 000	182 000
Financial Balance	−188 000	−205 000	−170 000	−168 000
Dividends	1 500 000	0	0	2 000 000
Net Income	1 765 000	750 000	−9 000	779 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	187 000	0	0	0
Total Intangible Assets	319 000	35 000	0	100 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	274 000	0	0	32 000
Fixtures	269 000	324 000	59 000	95 000
Total Tangible Assets	543 000	324 000	59 000	127 000
Total Fiancial Fixed Assets	314 000	4 000	361 000	7 000
Total Fixed Assets	1 176 000	362 000	420 000	235 000
Stock	898 000	621 000	576 000	780 000
Total Investments	0	0	0	0
Cash, Bank	2 930 000	8 398 000	3 965 000	4 689 000
Total Current Assets	12 330 000	15 157 000	14 812 000	14 022 000
Total Assets	13 506 000	15 519 000	15 232 000	14 256 000
Total Equity	3 285 000	3 019 000	2 269 000	2 279 000
Short-Term Group Debt	1 454 000	5 578 000	5 405 000	3 618 000
Total Long-Term Debt	0	0	99 000	0
Creditors	3 063 000	3 469 000	3 722 000	2 467 000
Unpaid Taxes	2 084 000	1 720 000	2 189 000	2 029 000
Dividends	1 500 000	0	0	2 000 000
Other Current Debt	1 523 000	1 383 000	1 548 000	1 681 000
Total Current Debt	10 222 000	12 500 000	12 864 000	11 978 000
Total Equity and Debt	13 506 000	15 519 000	15 232 000	14 256 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,73 %	24,84 %	−0,4 %	34,18 %
Debt-to-Equity Ratio	0	0	0,04	0
Operating Profit Margin	10,3 %	5,67 %	0,75 %	5,18 %
Current Ratio	1,21	1,21	1,15	1,17
Quick Ratio	1,32	1,28	1,21	1,25
Equity Ratio	0,24	0,19	0,15	0,16
Gross Profit Margin	57,52 %	56,79 %	54,69 %	61,08 %