VOLSTAD SEISMIC AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

4,88 %

Current Ratio

2,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	116 845 000	103 122 000	103 353 000	104 224 000
Net Income	2 221 000	7 551 000	1 794 000	1 100 000
Total Assets	77 789 000	57 719 000	54 158 000	95 097 000
Total Equity	45 538 000	43 317 000	35 765 000	33 971 000

Income (NOK)	2022	2021	2020	2019
Revenue	116 845 000	103 122 000	103 353 000	104 224 000
Expenditure	112 993 000	97 154 000	100 237 000	103 801 000
Operating Profit	3 851 000	5 968 000	3 116 000	423 000
Financial Income	224 000	3 310 000	594 000	1 446 000
Financial Costs	625 000	168 000	532 000	430 000
Financial Balance	−401 000	3 142 000	62 000	1 016 000
Earnings Before Tax	3 450 000	9 111 000	3 178 000	1 439 000
Tax	1 229 000	1 560 000	1 384 000	340 000
Net Income	2 221 000	7 551 000	1 794 000	1 100 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	628 000
Total Current Assets	77 789 000	57 719 000	54 158 000	94 470 000
Total Assets	77 789 000	57 719 000	54 158 000	95 097 000
Total Retained Equity	36 108 000	33 887 000	26 336 000	24 542 000
Total Equity	45 538 000	43 317 000	35 765 000	33 971 000
Total Long-Term Debt	0	0	0	2 723 000
Total Current Debt	32 252 000	14 403 000	18 393 000	58 404 000
Total Equity and Debt	77 789 000	57 719 000	54 158 000	95 097 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	116 620 000	102 878 000	103 075 000	104 224 000
Other Income	224 000	244 000	278 000	0
Revenue	116 845 000	103 122 000	103 353 000	104 224 000
Cost of Goods Sold	0	0	0	0
Salary Costs	7 531 000	6 869 000	6 364 000	8 889 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	112 993 000	97 154 000	100 237 000	103 801 000
Operating Profit	3 851 000	5 968 000	3 116 000	423 000
Financial Income	224 000	3 310 000	594 000	1 446 000
Financial Costs	625 000	168 000	532 000	430 000
Financial Balance	−401 000	3 142 000	62 000	1 016 000
Dividends	0	0	0	0
Net Income	2 221 000	7 551 000	1 794 000	1 100 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	628 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	628 000
Stock	329 000	284 000	462 000	491 000
Total Investments	0	0	0	0
Cash, Bank	11 113 000	12 742 000	15 921 000	37 034 000
Total Current Assets	77 789 000	57 719 000	54 158 000	94 470 000
Total Assets	77 789 000	57 719 000	54 158 000	95 097 000
Total Equity	45 538 000	43 317 000	35 765 000	33 971 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 723 000
Creditors	25 783 000	8 909 000	13 407 000	44 339 000
Unpaid Taxes	1 043 000	617 000	1 356 000	1 403 000
Dividends	0	0	0	0
Other Current Debt	5 426 000	4 877 000	3 629 000	12 662 000
Total Current Debt	32 252 000	14 403 000	18 393 000	58 404 000
Total Equity and Debt	77 789 000	57 719 000	54 158 000	95 097 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,88 %	17,43 %	5,02 %	3,24 %
Debt-to-Equity Ratio	0	0	0	0,08
Operating Profit Margin	3,3 %	5,79 %	3,01 %	0,41 %
Current Ratio	2,41	4,01	2,94	1,62
Quick Ratio	2,44	4,09	3,02	1,63
Equity Ratio	0,59	0,75	0,66	0,36
Gross Profit Margin	100 %	100 %	100 %	100 %