VEST INDUSTRIVASK AS

6700 MÅLØY

Finances

Return on Equity

−1,33 %

Current Ratio

0,93

Debt-to-Equity Ratio

1,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	58 572 000	51 984 000	44 782 000	38 451 000
Net Income	−216 000	546 000	450 000	413 000
Total Assets	51 035 000	41 358 000	34 251 000	21 458 000
Total Equity	16 194 000	9 161 000	8 511 000	7 624 000

Income (NOK)	2022	2021	2020	2019
Revenue	58 572 000	51 984 000	44 782 000	38 451 000
Expenditure	57 947 000	50 963 000	43 677 000	38 171 000
Operating Profit	833 000	1 536 000	1 052 000	761 000
Financial Income	75 000	55 000	25 000	0
Financial Costs	1 183 000	890 000	502 000	262 000
Financial Balance	−1 108 000	−835 000	−477 000	−262 000
Earnings Before Tax	−274 000	701 000	576 000	500 000
Tax	−58 000	155 000	125 000	86 000
Net Income	−216 000	546 000	450 000	413 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	39 301 000	29 809 000	23 528 000	11 679 000
Total Current Assets	11 734 000	11 549 000	10 723 000	9 779 000
Total Assets	51 035 000	41 358 000	34 251 000	21 458 000
Total Retained Equity	2 551 000	2 766 000	2 244 000	1 794 000
Total Equity	16 194 000	9 161 000	8 511 000	7 624 000
Total Long-Term Debt	22 221 000	15 825 000	14 151 000	4 388 000
Total Current Debt	12 620 000	16 372 000	11 589 000	9 446 000
Total Equity and Debt	51 035 000	41 358 000	34 251 000	21 458 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 363 000	48 987 000	42 311 000	36 572 000
Other Income	2 209 000	2 997 000	2 471 000	1 879 000
Revenue	58 572 000	51 984 000	44 782 000	38 451 000
Cost of Goods Sold	11 282 000	8 789 000	11 609 000	7 426 000
Salary Costs	31 016 000	27 153 000	20 347 000	22 013 000
Depreciation	3 234 000	2 925 000	1 982 000	842 000
Impairment	0	0	0	0
Expenditure	57 947 000	50 963 000	43 677 000	38 171 000
Operating Profit	833 000	1 536 000	1 052 000	761 000
Financial Income	75 000	55 000	25 000	0
Financial Costs	1 183 000	890 000	502 000	262 000
Financial Balance	−1 108 000	−835 000	−477 000	−262 000
Dividends	0	0	0	0
Net Income	−216 000	546 000	450 000	413 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	45 000	161 000	72 000	149 000
Real Eastate	2 194 000	2 561 000	2 834 000	2 230 000
Machinery and Plant Facilities	7 061 000	6 978 000	6 781 000	1 177 000
Fixtures	6 322 000	7 234 000	6 228 000	3 261 000
Total Tangible Assets	15 576 000	16 773 000	15 843 000	6 668 000
Total Fiancial Fixed Assets	23 680 000	12 875 000	7 613 000	4 862 000
Total Fixed Assets	39 301 000	29 809 000	23 528 000	11 679 000
Stock	3 885 000	3 676 000	3 160 000	3 214 000
Total Investments	0	0	62 000	62 000
Cash, Bank	676 000	57 000	262 000	778 000
Total Current Assets	11 734 000	11 549 000	10 723 000	9 779 000
Total Assets	51 035 000	41 358 000	34 251 000	21 458 000
Total Equity	16 194 000	9 161 000	8 511 000	7 624 000
Short-Term Group Debt	0	2 030 000	0	0
Total Long-Term Debt	22 221 000	15 825 000	14 151 000	4 388 000
Creditors	2 161 000	2 892 000	3 043 000	1 969 000
Unpaid Taxes	4 059 000	4 034 000	1 915 000	2 134 000
Dividends	0	0	0	0
Other Current Debt	6 400 000	4 693 000	4 007 000	4 004 000
Total Current Debt	12 620 000	16 372 000	11 589 000	9 446 000
Total Equity and Debt	51 035 000	41 358 000	34 251 000	21 458 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,33 %	5,96 %	5,29 %	5,42 %
Debt-to-Equity Ratio	1,37	1,73	1,66	0,58
Operating Profit Margin	1,42 %	2,95 %	2,35 %	1,98 %
Current Ratio	0,93	0,71	0,93	1,04
Quick Ratio	1,34	0,91	1,27	1,57
Equity Ratio	0,32	0,22	0,25	0,36
Gross Profit Margin	80,74 %	83,09 %	74,08 %	80,69 %