STUDIO VESTNES AS

3215 SANDEFJORD

Finances

Share Ownership

Return on Equity

46,16 %

Current Ratio

7,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 598 000	2 165 000	1 135 000	2 050 000
Net Income	343 000	211 000	43 000	15 000
Total Assets	858 000	605 000	469 000	226 000
Total Equity	743 000	400 000	189 000	146 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 598 000	2 165 000	1 135 000	2 050 000
Expenditure	2 137 000	1 892 000	1 085 000	2 035 000
Operating Profit	461 000	274 000	50 000	14 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	−1 000	0
Financial Balance	0	0	1 000	1 000
Earnings Before Tax	462 000	274 000	51 000	15 000
Tax	119 000	62 000	9 000	0
Net Income	343 000	211 000	43 000	15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 000	65 000	2 000	202 000
Total Current Assets	810 000	539 000	467 000	24 000
Total Assets	858 000	605 000	469 000	226 000
Total Retained Equity	713 000	370 000	159 000	116 000
Total Equity	743 000	400 000	189 000	146 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	115 000	204 000	280 000	80 000
Total Equity and Debt	858 000	605 000	469 000	226 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 598 000	2 165 000	1 135 000	2 050 000
Other Income	0	0	0	0
Revenue	2 598 000	2 165 000	1 135 000	2 050 000
Cost of Goods Sold	1 114 000	169 000	21 000	1 069 000
Salary Costs	677 000	1 127 000	727 000	667 000
Depreciation	20 000	16 000	0	34 000
Impairment	0	0	0	0
Expenditure	2 137 000	1 892 000	1 085 000	2 035 000
Operating Profit	461 000	274 000	50 000	14 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	−1 000	0
Financial Balance	0	0	1 000	1 000
Dividends	250 000	0	0	0
Net Income	343 000	211 000	43 000	15 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	31 000	42 000	0	0
Fixtures	15 000	22 000	0	0
Total Tangible Assets	46 000	64 000	0	0
Total Fiancial Fixed Assets	2 000	2 000	2 000	202 000
Total Fixed Assets	48 000	65 000	2 000	202 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	352 000	98 000	325 000	−159 000
Total Current Assets	810 000	539 000	467 000	24 000
Total Assets	858 000	605 000	469 000	226 000
Total Equity	743 000	400 000	189 000	146 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	−3 000	37 000	20 000
Unpaid Taxes	58 000	55 000	157 000	29 000
Dividends	250 000	0	0	0
Other Current Debt	84 000	91 000	77 000	31 000
Total Current Debt	115 000	204 000	280 000	80 000
Total Equity and Debt	858 000	605 000	469 000	226 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,16 %	52,75 %	22,75 %	10,27 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,74 %	12,66 %	4,41 %	0,68 %
Current Ratio	7,04	2,64	1,67	0,3
Quick Ratio	7,04	2,64	1,67	0,3
Equity Ratio	0,87	0,66	0,4	0,65
Gross Profit Margin	57,12 %	92,19 %	98,15 %	47,85 %