VEC AS

7079 FLATÅSEN

Finances

Return on Equity

30,77 %

Current Ratio

5,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 702 000	1 741 000	1 388 000
Net Income	516 000	538 000	564 000	634 000
Total Assets	1 874 000	1 758 000	1 710 000	1 030 000
Total Equity	1 677 000	1 160 000	822 000	659 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 236 000	1 702 000	1 741 000	1 388 000
Expenditure	576 000	1 012 000	1 021 000	575 000
Operating Profit	659 000	690 000	720 000	813 000
Financial Income	15 000	2 000	1 000	1 000
Financial Costs	2 000	0	7 000	0
Financial Balance	13 000	2 000	−6 000	1 000
Earnings Before Tax	672 000	692 000	715 000	813 000
Tax	156 000	154 000	151 000	179 000
Net Income	516 000	538 000	564 000	634 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	790 000	75 000	82 000	90 000
Total Current Assets	1 084 000	1 683 000	1 629 000	940 000
Total Assets	1 874 000	1 758 000	1 710 000	1 030 000
Total Retained Equity	1 647 000	1 136 000	798 000	634 000
Total Equity	1 677 000	1 160 000	822 000	659 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	197 000	598 000	888 000	371 000
Total Equity and Debt	1 874 000	1 758 000	1 710 000	1 030 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 236 000	1 702 000	1 741 000	1 388 000
Other Income	0	0	0	0
Revenue	1 236 000	1 702 000	1 741 000	1 388 000
Cost of Goods Sold	1 000	4 000	54 000	13 000
Salary Costs	391 000	847 000	819 000	454 000
Depreciation	48 000	48 000	34 000	5 000
Impairment	0	0	0	0
Expenditure	576 000	1 012 000	1 021 000	575 000
Operating Profit	659 000	690 000	720 000	813 000
Financial Income	15 000	2 000	1 000	1 000
Financial Costs	2 000	0	7 000	0
Financial Balance	13 000	2 000	−6 000	1 000
Dividends	0	200 000	400 000	0
Net Income	516 000	538 000	564 000	634 000

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	25 000	73 000	82 000	90 000
Total Tangible Assets	25 000	73 000	82 000	90 000
Total Fiancial Fixed Assets	764 000	2 000	0	0
Total Fixed Assets	790 000	75 000	82 000	90 000
Stock	0	0	0	0
Total Investments	407 000	400 000	0	0
Cash, Bank	677 000	840 000	1 151 000	511 000
Total Current Assets	1 084 000	1 683 000	1 629 000	940 000
Total Assets	1 874 000	1 758 000	1 710 000	1 030 000
Total Equity	1 677 000	1 160 000	822 000	659 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	3 000	4 000	3 000
Unpaid Taxes	0	152 000	235 000	141 000
Dividends	0	200 000	400 000	0
Other Current Debt	42 000	91 000	91 000	49 000
Total Current Debt	197 000	598 000	888 000	371 000
Total Equity and Debt	1 874 000	1 758 000	1 710 000	1 030 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,77 %	46,38 %	68,61 %	96,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	53,32 %	40,54 %	41,36 %	58,57 %
Current Ratio	5,5	2,81	1,83	2,53
Quick Ratio	5,5	2,81	1,83	2,53
Equity Ratio	0,89	0,66	0,48	0,64
Gross Profit Margin	99,92 %	99,76 %	96,9 %	99,06 %