VVS SERVICE AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

24,16 %

Current Ratio

2,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 636 000	8 125 000	7 046 000	6 147 000
Net Income	718 000	1 073 000	205 000	264 000
Total Assets	4 262 000	3 032 000	1 888 000	1 982 000
Total Equity	2 972 000	2 253 000	1 181 000	1 126 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 636 000	8 125 000	7 046 000	6 147 000
Expenditure	8 773 000	6 841 000	6 801 000	5 825 000
Operating Profit	864 000	1 283 000	245 000	321 000
Financial Income	0	0	1 000	0
Financial Costs	9 000	6 000	2 000	6 000
Financial Balance	−9 000	−6 000	−1 000	−6 000
Earnings Before Tax	855 000	1 277 000	243 000	315 000
Tax	137 000	204 000	39 000	50 000
Net Income	718 000	1 073 000	205 000	264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	543 000	73 000	161 000	154 000
Total Current Assets	3 719 000	2 959 000	1 727 000	1 827 000
Total Assets	4 262 000	3 032 000	1 888 000	1 982 000
Total Retained Equity	2 472 000	1 753 000	681 000	626 000
Total Equity	2 972 000	2 253 000	1 181 000	1 126 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 290 000	779 000	708 000	856 000
Total Equity and Debt	4 262 000	3 032 000	1 888 000	1 982 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 366 000	7 849 000	6 799 000	5 968 000
Other Income	270 000	275 000	246 000	179 000
Revenue	9 636 000	8 125 000	7 046 000	6 147 000
Cost of Goods Sold	3 097 000	2 727 000	3 024 000	2 031 000
Salary Costs	3 342 000	2 567 000	2 300 000	2 476 000
Depreciation	96 000	8 000	1 000	4 000
Impairment	0	0	0	0
Expenditure	8 773 000	6 841 000	6 801 000	5 825 000
Operating Profit	864 000	1 283 000	245 000	321 000
Financial Income	0	0	1 000	0
Financial Costs	9 000	6 000	2 000	6 000
Financial Balance	−9 000	−6 000	−1 000	−6 000
Dividends	0	0	150 000	200 000
Net Income	718 000	1 073 000	205 000	264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	27 000	31 000	11 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	516 000	42 000	0	1 000
Total Tangible Assets	516 000	42 000	0	1 000
Total Fiancial Fixed Assets	0	0	150 000	150 000
Total Fixed Assets	543 000	73 000	161 000	154 000
Stock	2 054 000	1 177 000	1 096 000	946 000
Total Investments	0	0	0	0
Cash, Bank	290 000	686 000	95 000	361 000
Total Current Assets	3 719 000	2 959 000	1 727 000	1 827 000
Total Assets	4 262 000	3 032 000	1 888 000	1 982 000
Total Equity	2 972 000	2 253 000	1 181 000	1 126 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	30 000	57 000	99 000	119 000
Unpaid Taxes	119 000	143 000	87 000	70 000
Dividends	0	0	150 000	200 000
Other Current Debt	1 008 000	355 000	324 000	416 000
Total Current Debt	1 290 000	779 000	708 000	856 000
Total Equity and Debt	4 262 000	3 032 000	1 888 000	1 982 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,16 %	47,63 %	17,36 %	23,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,97 %	15,79 %	3,48 %	5,22 %
Current Ratio	2,88	3,8	2,44	2,13
Quick Ratio	−4,87	−7,43	−4,45	−20,3
Equity Ratio	0,7	0,74	0,63	0,57
Gross Profit Margin	67,86 %	66,44 %	57,08 %	66,96 %