VEPAK AS

1404 SIGGERUD

Finances

Share Ownership

Return on Equity

45,04 %

Current Ratio

2,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 392 000	12 822 000	7 074 000	5 277 000
Net Income	2 232 000	1 568 000	1 314 000	−586 000
Total Assets	8 828 000	8 003 000	6 446 000	4 526 000
Total Equity	4 956 000	3 741 000	2 173 000	858 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 392 000	12 822 000	7 074 000	5 277 000
Expenditure	17 154 000	10 846 000	5 194 000	5 777 000
Operating Profit	3 237 000	1 976 000	1 882 000	−500 000
Financial Income	80 000	146 000	156 000	54 000
Financial Costs	450 000	106 000	352 000	305 000
Financial Balance	−370 000	40 000	−196 000	−251 000
Earnings Before Tax	2 867 000	2 016 000	1 686 000	−751 000
Tax	635 000	448 000	372 000	−165 000
Net Income	2 232 000	1 568 000	1 314 000	−586 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	896 000	1 274 000	1 710 000	2 046 000
Total Current Assets	7 932 000	6 729 000	4 736 000	2 480 000
Total Assets	8 828 000	8 003 000	6 446 000	4 526 000
Total Retained Equity	1 259 000	44 000	−1 524 000	−2 839 000
Total Equity	4 956 000	3 741 000	2 173 000	858 000
Total Long-Term Debt	0	300 000	1 226 000	2 493 000
Total Current Debt	3 873 000	3 963 000	3 047 000	1 174 000
Total Equity and Debt	8 828 000	8 003 000	6 446 000	4 526 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 392 000	12 822 000	7 010 000	5 277 000
Other Income	0	0	64 000	0
Revenue	20 392 000	12 822 000	7 074 000	5 277 000
Cost of Goods Sold	12 883 000	6 157 000	3 533 000	2 928 000
Salary Costs	2 603 000	3 206 000	555 000	1 334 000
Depreciation	42 000	42 000	14 000	25 000
Impairment	0	0	0	0
Expenditure	17 154 000	10 846 000	5 194 000	5 777 000
Operating Profit	3 237 000	1 976 000	1 882 000	−500 000
Financial Income	80 000	146 000	156 000	54 000
Financial Costs	450 000	106 000	352 000	305 000
Financial Balance	−370 000	40 000	−196 000	−251 000
Dividends	1 017 000	0	0	0
Net Income	2 232 000	1 568 000	1 314 000	−586 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	553 000	1 188 000	1 636 000	2 008 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	323 000	39 000	0	0
Fixtures	20 000	47 000	74 000	34 000
Total Tangible Assets	343 000	86 000	74 000	34 000
Total Fiancial Fixed Assets	0	0	0	4 000
Total Fixed Assets	896 000	1 274 000	1 710 000	2 046 000
Stock	276 000	1 317 000	490 000	464 000
Total Investments	0	0	0	0
Cash, Bank	2 325 000	1 316 000	1 453 000	1 655 000
Total Current Assets	7 932 000	6 729 000	4 736 000	2 480 000
Total Assets	8 828 000	8 003 000	6 446 000	4 526 000
Total Equity	4 956 000	3 741 000	2 173 000	858 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	300 000	1 226 000	2 493 000
Creditors	1 430 000	156 000	382 000	435 000
Unpaid Taxes	440 000	187 000	86 000	7 000
Dividends	1 017 000	0	0	0
Other Current Debt	2 002 000	3 620 000	2 579 000	733 000
Total Current Debt	3 873 000	3 963 000	3 047 000	1 174 000
Total Equity and Debt	8 828 000	8 003 000	6 446 000	4 526 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,04 %	41,91 %	60,47 %	−68,3 %
Debt-to-Equity Ratio	0	0,08	0,56	2,91
Operating Profit Margin	15,87 %	15,41 %	26,6 %	−9,48 %
Current Ratio	2,05	1,7	1,55	2,11
Quick Ratio	2,21	2,54	1,85	3,49
Equity Ratio	0,56	0,47	0,34	0,19
Gross Profit Margin	36,82 %	51,98 %	50,06 %	44,51 %