VATVEDT TECHNOLOGY AS

1739 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

64,81 %

Current Ratio

0,69

Debt-to-Equity Ratio

−0,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 424 000	10 486 000	13 734 000	102 969 000
Net Income	−11 255 000	−11 375 000	−9 703 000	−84 850 000
Total Assets	4 193 000	17 706 000	25 439 000	37 294 000
Total Equity	−17 365 000	−6 110 000	5 265 000	−54 867 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 424 000	10 486 000	13 734 000	102 969 000
Expenditure	26 714 000	19 643 000	22 236 000	140 224 000
Operating Profit	−10 290 000	−9 157 000	−8 502 000	−37 255 000
Financial Income	3 000	1 000	32 000	48 000
Financial Costs	968 000	2 219 000	1 459 000	52 805 000
Financial Balance	−965 000	−2 218 000	−1 427 000	−52 757 000
Earnings Before Tax	−11 255 000	−11 375 000	−9 929 000	−90 012 000
Tax	0	0	−226 000	−5 161 000
Net Income	−11 255 000	−11 375 000	−9 703 000	−84 850 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	91 000	1 536 000	8 202 000	16 867 000
Total Current Assets	4 102 000	16 170 000	17 237 000	20 427 000
Total Assets	4 193 000	17 706 000	25 439 000	37 294 000
Total Retained Equity	−20 378 000	−9 123 000	2 252 000	−57 077 000
Total Equity	−17 365 000	−6 110 000	5 265 000	−54 867 000
Total Long-Term Debt	15 636 000	2 162 000	1 750 000	2 000 000
Total Current Debt	5 921 000	21 653 000	18 424 000	90 161 000
Total Equity and Debt	4 193 000	17 706 000	25 439 000	37 294 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 424 000	10 486 000	13 494 000	102 969 000
Other Income	0	0	240 000	0
Revenue	16 424 000	10 486 000	13 734 000	102 969 000
Cost of Goods Sold	2 148 000	491 000	1 636 000	104 545 000
Salary Costs	9 772 000	10 438 000	14 566 000	26 894 000
Depreciation	1 445 000	2 863 000	2 887 000	1 800 000
Impairment	0	0	0	0
Expenditure	26 714 000	19 643 000	22 236 000	140 224 000
Operating Profit	−10 290 000	−9 157 000	−8 502 000	−37 255 000
Financial Income	3 000	1 000	32 000	48 000
Financial Costs	968 000	2 219 000	1 459 000	52 805 000
Financial Balance	−965 000	−2 218 000	−1 427 000	−52 757 000
Dividends	0	0	0	0
Net Income	−11 255 000	−11 375 000	−9 703 000	−84 850 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 334 000	4 067 000	6 800 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	91 000	202 000	332 000	680 000
Total Tangible Assets	91 000	202 000	332 000	680 000
Total Fiancial Fixed Assets	0	0	3 804 000	9 387 000
Total Fixed Assets	91 000	1 536 000	8 202 000	16 867 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	423 000	374 000	590 000	832 000
Total Current Assets	4 102 000	16 170 000	17 237 000	20 427 000
Total Assets	4 193 000	17 706 000	25 439 000	37 294 000
Total Equity	−17 365 000	−6 110 000	5 265 000	−54 867 000
Short-Term Group Debt	0	0	547 000	0
Total Long-Term Debt	15 636 000	2 162 000	1 750 000	2 000 000
Creditors	966 000	378 000	275 000	23 069 000
Unpaid Taxes	1 721 000	2 154 000	1 343 000	4 009 000
Dividends	0	0	0	0
Other Current Debt	3 234 000	8 937 000	8 376 000	53 234 000
Total Current Debt	5 921 000	21 653 000	18 424 000	90 161 000
Total Equity and Debt	4 193 000	17 706 000	25 439 000	37 294 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,81 %	186,17 %	−184,29 %	154,65 %
Debt-to-Equity Ratio	−0,9	−0,35	0,33	−0,04
Operating Profit Margin	−62,65 %	−87,33 %	−61,9 %	−36,18 %
Current Ratio	0,69	0,75	0,94	0,23
Quick Ratio	0,69	0,75	0,94	0,23
Equity Ratio	−4,14	−0,35	0,21	−1,47
Gross Profit Margin	86,92 %	95,32 %	88,09 %	−1,53 %