VESTRE ELEKTRO AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

−2 512,5 %

Current Ratio

0,98

Debt-to-Equity Ratio

−17,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 438 000	4 492 000	3 323 000	1 133 000
Net Income	201 000	195 000	−630 000	202 000
Total Assets	1 257 000	588 000	525 000	475 000
Total Equity	−8 000	−209 000	−404 000	226 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 438 000	4 492 000	3 323 000	1 133 000
Expenditure	5 181 000	4 256 000	2 863 000	878 000
Operating Profit	257 000	236 000	460 000	254 000
Financial Income	6 000	4 000	0	3 000
Financial Costs	1 000	1 000	972 000	0
Financial Balance	5 000	3 000	−972 000	3 000
Earnings Before Tax	261 000	239 000	−512 000	257 000
Tax	61 000	44 000	118 000	55 000
Net Income	201 000	195 000	−630 000	202 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	153 000	225 000	120 000	90 000
Total Current Assets	1 104 000	364 000	405 000	385 000
Total Assets	1 257 000	588 000	525 000	475 000
Total Retained Equity	−33 000	−233 000	−428 000	202 000
Total Equity	−8 000	−209 000	−404 000	226 000
Total Long-Term Debt	140 000	0	0	0
Total Current Debt	1 125 000	797 000	929 000	249 000
Total Equity and Debt	1 257 000	588 000	525 000	475 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 438 000	4 492 000	3 323 000	1 133 000
Other Income	0	0	0	0
Revenue	5 438 000	4 492 000	3 323 000	1 133 000
Cost of Goods Sold	2 396 000	2 193 000	1 979 000	404 000
Salary Costs	2 056 000	1 506 000	397 000	158 000
Depreciation	27 000	22 000	5 000	0
Impairment	0	0	0	0
Expenditure	5 181 000	4 256 000	2 863 000	878 000
Operating Profit	257 000	236 000	460 000	254 000
Financial Income	6 000	4 000	0	3 000
Financial Costs	1 000	1 000	972 000	0
Financial Balance	5 000	3 000	−972 000	3 000
Dividends	0	0	0	0
Net Income	201 000	195 000	−630 000	202 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	58 000	50 000	0
Total Tangible Assets	31 000	58 000	50 000	0
Total Fiancial Fixed Assets	121 000	166 000	70 000	90 000
Total Fixed Assets	153 000	225 000	120 000	90 000
Stock	30 000	27 000	10 000	4 000
Total Investments	0	0	0	0
Cash, Bank	481 000	106 000	26 000	58 000
Total Current Assets	1 104 000	364 000	405 000	385 000
Total Assets	1 257 000	588 000	525 000	475 000
Total Equity	−8 000	−209 000	−404 000	226 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	140 000	0	0	0
Creditors	437 000	195 000	362 000	66 000
Unpaid Taxes	351 000	160 000	73 000	59 000
Dividends	0	0	0	0
Other Current Debt	276 000	258 000	236 000	68 000
Total Current Debt	1 125 000	797 000	929 000	249 000
Total Equity and Debt	1 257 000	588 000	525 000	475 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2 512,5 %	−93,3 %	155,94 %	89,38 %
Debt-to-Equity Ratio	−17,5	−0	−0	0
Operating Profit Margin	4,73 %	5,25 %	13,84 %	22,42 %
Current Ratio	0,98	0,46	0,44	1,55
Quick Ratio	1,01	0,47	0,44	1,57
Equity Ratio	−0,01	−0,36	−0,77	0,48
Gross Profit Margin	55,94 %	51,18 %	40,45 %	64,34 %