VETCO GRAY AS

1338 SANDVIKA

Finances

Share Ownership

Return on Equity

7,3 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	10 553 000
Net Income	1 079 000	2 379 000	−14 287 000	1 165 000
Total Assets	30 100 000	29 664 000	133 942 000	135 971 000
Total Equity	14 786 000	14 035 000	117 990 000	125 825 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	10 553 000
Expenditure	331 000	442 000	774 000	6 101 000
Operating Profit	−331 000	−442 000	−774 000	4 452 000
Financial Income	1 425 000	4 173 000	671 000	0
Financial Costs	−205 000	1 504 000	8 504 000	1 669 000
Financial Balance	1 630 000	2 669 000	−7 833 000	−1 669 000
Earnings Before Tax	1 299 000	2 227 000	−8 607 000	2 783 000
Tax	220 000	−152 000	5 680 000	829 000
Net Income	1 079 000	2 379 000	−14 287 000	1 165 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 095 000	333 000	572 000	98 000
Total Current Assets	5 000	29 331 000	133 370 000	135 873 000
Total Assets	30 100 000	29 664 000	133 942 000	135 971 000
Total Retained Equity	−8 621 000	−8 584 000	96 757 000	104 592 000
Total Equity	14 786 000	14 035 000	117 990 000	125 825 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	15 314 000	15 629 000	15 952 000	10 146 000
Total Equity and Debt	30 100 000	29 664 000	133 942 000	135 971 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	3 821 000
Other Income	0	0	0	6 732 000
Revenue	0	0	0	10 553 000
Cost of Goods Sold	0	352 000	0	−7 000
Salary Costs	0	−12 000	298 000	3 560 000
Depreciation	0	0	0	304 000
Impairment	0	0	0	0
Expenditure	331 000	442 000	774 000	6 101 000
Operating Profit	−331 000	−442 000	−774 000	4 452 000
Financial Income	1 425 000	4 173 000	671 000	0
Financial Costs	−205 000	1 504 000	8 504 000	1 669 000
Financial Balance	1 630 000	2 669 000	−7 833 000	−1 669 000
Dividends	0	0	0	0
Net Income	1 079 000	2 379 000	−14 287 000	1 165 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	114 000	333 000	572 000	98 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	29 981 000	0	0	0
Total Fixed Assets	30 095 000	333 000	572 000	98 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	7 512 000	7 176 000
Total Current Assets	5 000	29 331 000	133 370 000	135 873 000
Total Assets	30 100 000	29 664 000	133 942 000	135 971 000
Total Equity	14 786 000	14 035 000	117 990 000	125 825 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	42 000	10 000	−14 000	331 000
Unpaid Taxes	62 000	0	0	6 000
Dividends	0	0	0	0
Other Current Debt	15 210 000	15 619 000	15 966 000	9 809 000
Total Current Debt	15 314 000	15 629 000	15 952 000	10 146 000
Total Equity and Debt	30 100 000	29 664 000	133 942 000	135 971 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,3 %	16,95 %	−12,11 %	0,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	42,19 %
Current Ratio	0	1,88	8,36	13,39
Quick Ratio	0	1,88	8,36	13,39
Equity Ratio	0,49	0,47	0,88	0,93
Gross Profit Margin	-	-	-	100,07 %