VEF UTVIKLING AS

4700 VENNESLA

Finances

Return on Equity

27,4 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 350 000	0	0	0
Net Income	2 496 000	2 489 000	2 571 000	2 639 000
Total Assets	11 754 000	11 883 000	12 028 000	12 097 000
Total Equity	9 110 000	9 249 000	9 394 000	9 456 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 350 000	0	0	0
Expenditure	3 417 000	151 000	73 000	79 000
Operating Profit	−67 000	−151 000	−73 000	−79 000
Financial Income	2 637 000	2 640 000	2 644 000	2 718 000
Financial Costs	75 000	0	0	0
Financial Balance	2 562 000	2 640 000	2 644 000	2 718 000
Earnings Before Tax	2 496 000	2 489 000	2 571 000	2 639 000
Tax	0	0	0	0
Net Income	2 496 000	2 489 000	2 571 000	2 639 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 716 000	8 852 000	9 027 000	9 183 000
Total Current Assets	3 038 000	3 030 000	3 000 000	2 914 000
Total Assets	11 754 000	11 883 000	12 028 000	12 097 000
Total Retained Equity	4 385 000	4 524 000	4 669 000	4 731 000
Total Equity	9 110 000	9 249 000	9 394 000	9 456 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 644 000	2 634 000	2 634 000	2 641 000
Total Equity and Debt	11 754 000	11 883 000	12 028 000	12 097 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 350 000	0	0	0
Other Income	0	0	0	0
Revenue	3 350 000	0	0	0
Cost of Goods Sold	3 206 000	0	0	0
Salary Costs	74 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 417 000	151 000	73 000	79 000
Operating Profit	−67 000	−151 000	−73 000	−79 000
Financial Income	2 637 000	2 640 000	2 644 000	2 718 000
Financial Costs	75 000	0	0	0
Financial Balance	2 562 000	2 640 000	2 644 000	2 718 000
Dividends	2 634 000	2 634 000	2 634 000	2 634 000
Net Income	2 496 000	2 489 000	2 571 000	2 639 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	8 716 000	8 852 000	9 027 000	9 183 000
Total Fixed Assets	8 716 000	8 852 000	9 027 000	9 183 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	403 000	396 000	366 000	226 000
Total Current Assets	3 038 000	3 030 000	3 000 000	2 914 000
Total Assets	11 754 000	11 883 000	12 028 000	12 097 000
Total Equity	9 110 000	9 249 000	9 394 000	9 456 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	10 000	0	0	0
Dividends	2 634 000	2 634 000	2 634 000	2 634 000
Other Current Debt	2 634 000	2 634 000	2 634 000	2 641 000
Total Current Debt	2 644 000	2 634 000	2 634 000	2 641 000
Total Equity and Debt	11 754 000	11 883 000	12 028 000	12 097 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,4 %	26,91 %	27,37 %	27,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2 %	-	-	-
Current Ratio	1,15	1,15	1,14	1,1
Quick Ratio	1,15	1,15	1,14	1,1
Equity Ratio	0,78	0,78	0,78	0,78
Gross Profit Margin	4,3 %	-	-	-