VANGSØY RØRTEKNIKK AS

0658 OSLO

Finances

Return on Equity

61,6 %

Current Ratio

2,2

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 493 000	12 043 000	5 765 000	10 620 000
Net Income	2 650 000	1 126 000	−203 000	264 000
Total Assets	8 095 000	4 884 000	2 595 000	2 622 000
Total Equity	4 302 000	2 652 000	1 526 000	1 729 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 493 000	12 043 000	5 765 000	10 620 000
Expenditure	18 083 000	10 592 000	6 023 000	10 289 000
Operating Profit	3 410 000	1 452 000	−258 000	332 000
Financial Income	18 000	16 000	0	7 000
Financial Costs	17 000	20 000	3 000	1 000
Financial Balance	1 000	−4 000	−3 000	6 000
Earnings Before Tax	3 410 000	1 448 000	−260 000	338 000
Tax	760 000	322 000	−57 000	74 000
Net Income	2 650 000	1 126 000	−203 000	264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	319 000	422 000	263 000	308 000
Total Current Assets	7 776 000	4 462 000	2 332 000	2 314 000
Total Assets	8 095 000	4 884 000	2 595 000	2 622 000
Total Retained Equity	4 252 000	2 602 000	1 476 000	1 679 000
Total Equity	4 302 000	2 652 000	1 526 000	1 729 000
Total Long-Term Debt	261 000	296 000	0	0
Total Current Debt	3 532 000	1 936 000	1 069 000	893 000
Total Equity and Debt	8 095 000	4 884 000	2 595 000	2 622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 435 000	11 945 000	5 765 000	10 605 000
Other Income	57 000	98 000	0	15 000
Revenue	21 493 000	12 043 000	5 765 000	10 620 000
Cost of Goods Sold	9 691 000	5 500 000	2 576 000	6 063 000
Salary Costs	6 436 000	3 503 000	2 605 000	3 097 000
Depreciation	79 000	132 000	102 000	116 000
Impairment	0	0	0	0
Expenditure	18 083 000	10 592 000	6 023 000	10 289 000
Operating Profit	3 410 000	1 452 000	−258 000	332 000
Financial Income	18 000	16 000	0	7 000
Financial Costs	17 000	20 000	3 000	1 000
Financial Balance	1 000	−4 000	−3 000	6 000
Dividends	600 000	0	0	0
Net Income	2 650 000	1 126 000	−203 000	264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	47 000	47 000	60 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	1 000
Fixtures	252 000	355 000	183 000	284 000
Total Tangible Assets	252 000	355 000	183 000	285 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	319 000	422 000	263 000	308 000
Stock	52 000	65 000	45 000	39 000
Total Investments	0	0	0	0
Cash, Bank	2 170 000	800 000	761 000	933 000
Total Current Assets	7 776 000	4 462 000	2 332 000	2 314 000
Total Assets	8 095 000	4 884 000	2 595 000	2 622 000
Total Equity	4 302 000	2 652 000	1 526 000	1 729 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	261 000	296 000	0	0
Creditors	42 000	524 000	196 000	−274 000
Unpaid Taxes	1 086 000	609 000	472 000	660 000
Dividends	600 000	0	0	0
Other Current Debt	1 044 000	494 000	401 000	428 000
Total Current Debt	3 532 000	1 936 000	1 069 000	893 000
Total Equity and Debt	8 095 000	4 884 000	2 595 000	2 622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,6 %	42,46 %	−13,3 %	15,27 %
Debt-to-Equity Ratio	0,06	0,11	0	0
Operating Profit Margin	15,87 %	12,06 %	−4,48 %	3,13 %
Current Ratio	2,2	2,3	2,18	2,59
Quick Ratio	2,23	2,38	2,28	2,71
Equity Ratio	0,53	0,54	0,59	0,66
Gross Profit Margin	54,91 %	54,33 %	55,32 %	42,91 %