VESTERÅLEN VARMEPUMPER AS

8450 STOKMARKNES

Finances

Share Ownership

Return on Equity

−10,91 %

Current Ratio

1,3

Debt-to-Equity Ratio

6,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 397 000	5 618 000	6 847 000	5 240 000
Net Income	−43 000	338 000	−283 000	15 000
Total Assets	4 275 000	3 380 000	2 057 000	1 734 000
Total Equity	394 000	437 000	99 000	382 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 397 000	5 618 000	6 847 000	5 240 000
Expenditure	6 251 000	5 094 000	7 190 000	5 200 000
Operating Profit	146 000	524 000	−343 000	40 000
Financial Income	0	1 000	5 000	1 000
Financial Costs	134 000	81 000	24 000	21 000
Financial Balance	−134 000	−80 000	−19 000	−20 000
Earnings Before Tax	12 000	444 000	−362 000	20 000
Tax	55 000	106 000	−79 000	5 000
Net Income	−43 000	338 000	−283 000	15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 530 000	1 838 000	351 000	373 000
Total Current Assets	1 745 000	1 541 000	1 706 000	1 361 000
Total Assets	4 275 000	3 380 000	2 057 000	1 734 000
Total Retained Equity	194 000	237 000	−101 000	182 000
Total Equity	394 000	437 000	99 000	382 000
Total Long-Term Debt	2 537 000	1 882 000	351 000	438 000
Total Current Debt	1 343 000	1 060 000	1 607 000	914 000
Total Equity and Debt	4 275 000	3 380 000	2 057 000	1 734 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 397 000	5 573 000	6 828 000	5 240 000
Other Income	0	46 000	18 000	0
Revenue	6 397 000	5 618 000	6 847 000	5 240 000
Cost of Goods Sold	3 959 000	3 060 000	4 393 000	2 622 000
Salary Costs	1 330 000	1 143 000	1 757 000	1 732 000
Depreciation	179 000	139 000	82 000	63 000
Impairment	0	0	0	0
Expenditure	6 251 000	5 094 000	7 190 000	5 200 000
Operating Profit	146 000	524 000	−343 000	40 000
Financial Income	0	1 000	5 000	1 000
Financial Costs	134 000	81 000	24 000	21 000
Financial Balance	−134 000	−80 000	−19 000	−20 000
Dividends	0	0	0	0
Net Income	−43 000	338 000	−283 000	15 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	65 000	10 000
Real Eastate	1 736 000	1 507 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	788 000	326 000	281 000	358 000
Total Tangible Assets	2 525 000	1 833 000	281 000	358 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	2 530 000	1 838 000	351 000	373 000
Stock	913 000	982 000	200 000	630 000
Total Investments	0	0	0	0
Cash, Bank	339 000	94 000	789 000	239 000
Total Current Assets	1 745 000	1 541 000	1 706 000	1 361 000
Total Assets	4 275 000	3 380 000	2 057 000	1 734 000
Total Equity	394 000	437 000	99 000	382 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 537 000	1 882 000	351 000	438 000
Creditors	727 000	646 000	1 091 000	542 000
Unpaid Taxes	98 000	98 000	155 000	84 000
Dividends	0	0	0	0
Other Current Debt	464 000	275 000	361 000	288 000
Total Current Debt	1 343 000	1 060 000	1 607 000	914 000
Total Equity and Debt	4 275 000	3 380 000	2 057 000	1 734 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,91 %	77,35 %	−285,86 %	3,93 %
Debt-to-Equity Ratio	6,44	4,31	3,55	1,15
Operating Profit Margin	2,28 %	9,33 %	−5,01 %	0,76 %
Current Ratio	1,3	1,45	1,06	1,49
Quick Ratio	4,06	19,76	1,21	4,79
Equity Ratio	0,09	0,13	0,05	0,22
Gross Profit Margin	38,11 %	45,53 %	35,84 %	49,96 %