VITEQ AS

7900 RØRVIK

Finances

Return on Equity

14,97 %

Current Ratio

1,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 954 000	62 571 000	98 695 000	35 935 000
Net Income	3 939 000	4 463 000	11 731 000	3 783 000
Total Assets	72 724 000	71 115 000	63 236 000	27 970 000
Total Equity	26 312 000	27 374 000	23 411 000	13 337 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 954 000	62 571 000	98 695 000	35 935 000
Expenditure	47 948 000	55 957 000	83 351 000	30 771 000
Operating Profit	6 007 000	6 614 000	15 344 000	5 164 000
Financial Income	39 000	40 000	43 000	56 000
Financial Costs	988 000	909 000	333 000	340 000
Financial Balance	−949 000	−869 000	−290 000	−284 000
Earnings Before Tax	5 058 000	5 745 000	15 054 000	4 881 000
Tax	1 120 000	1 283 000	3 323 000	1 098 000
Net Income	3 939 000	4 463 000	11 731 000	3 783 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 335 000	35 933 000	14 554 000	9 501 000
Total Current Assets	38 390 000	35 182 000	48 682 000	18 469 000
Total Assets	72 724 000	71 115 000	63 236 000	27 970 000
Total Retained Equity	25 422 000	26 484 000	22 521 000	12 447 000
Total Equity	26 312 000	27 374 000	23 411 000	13 337 000
Total Long-Term Debt	26 203 000	8 057 000	10 641 000	7 577 000
Total Current Debt	20 209 000	35 685 000	29 184 000	7 056 000
Total Equity and Debt	72 724 000	71 115 000	63 236 000	27 970 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 267 000	62 369 000	98 695 000	35 936 000
Other Income	687 000	202 000	−1 000	−1 000
Revenue	53 954 000	62 571 000	98 695 000	35 935 000
Cost of Goods Sold	29 408 000	37 143 000	67 276 000	16 774 000
Salary Costs	12 153 000	13 282 000	11 508 000	9 719 000
Depreciation	2 139 000	790 000	305 000	273 000
Impairment	0	0	0	0
Expenditure	47 948 000	55 957 000	83 351 000	30 771 000
Operating Profit	6 007 000	6 614 000	15 344 000	5 164 000
Financial Income	39 000	40 000	43 000	56 000
Financial Costs	988 000	909 000	333 000	340 000
Financial Balance	−949 000	−869 000	−290 000	−284 000
Dividends	5 000 000	500 000	1 657 000	500 000
Net Income	3 939 000	4 463 000	11 731 000	3 783 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	32 179 000	33 094 000	13 238 000	7 396 000
Machinery and Plant Facilities	789 000	971 000	852 000	479 000
Fixtures	746 000	860 000	107 000	163 000
Total Tangible Assets	33 714 000	34 925 000	14 197 000	8 037 000
Total Fiancial Fixed Assets	620 000	1 008 000	357 000	1 463 000
Total Fixed Assets	34 335 000	35 933 000	14 554 000	9 501 000
Stock	2 009 000	2 036 000	784 000	1 104 000
Total Investments	0	0	0	0
Cash, Bank	16 272 000	20 618 000	19 114 000	6 145 000
Total Current Assets	38 390 000	35 182 000	48 682 000	18 469 000
Total Assets	72 724 000	71 115 000	63 236 000	27 970 000
Total Equity	26 312 000	27 374 000	23 411 000	13 337 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 203 000	8 057 000	10 641 000	7 577 000
Creditors	10 229 000	8 520 000	25 593 000	3 136 000
Unpaid Taxes	2 120 000	2 338 000	909 000	1 671 000
Dividends	5 000 000	500 000	1 657 000	500 000
Other Current Debt	1 342 000	2 612 000	2 146 000	1 352 000
Total Current Debt	20 209 000	35 685 000	29 184 000	7 056 000
Total Equity and Debt	72 724 000	71 115 000	63 236 000	27 970 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,97 %	16,3 %	50,11 %	28,36 %
Debt-to-Equity Ratio	1	0,29	0,45	0,57
Operating Profit Margin	11,13 %	10,57 %	15,55 %	14,37 %
Current Ratio	1,9	0,99	1,67	2,62
Quick Ratio	2,11	1,05	1,71	3,1
Equity Ratio	0,36	0,38	0,37	0,48
Gross Profit Margin	45,49 %	40,64 %	31,83 %	53,32 %