VEØY MØRE AS

6020 ÅLESUND

Finances

Share Ownership

Return on Equity

26,52 %

Current Ratio

0,64

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	167 772 000	142 902 000	128 723 000	128 868 000
Net Income	2 461 000	5 721 000	5 313 000	1 582 000
Total Assets	51 098 000	44 647 000	30 195 000	22 251 000
Total Equity	9 279 000	6 818 000	7 596 000	2 284 000

Income (NOK)	2022	2021	2020	2019
Revenue	167 772 000	142 902 000	128 723 000	128 868 000
Expenditure	164 343 000	135 502 000	121 836 000	126 746 000
Operating Profit	3 429 000	7 401 000	6 887 000	2 121 000
Financial Income	50 000	43 000	60 000	39 000
Financial Costs	323 000	105 000	129 000	128 000
Financial Balance	−273 000	−62 000	−69 000	−89 000
Earnings Before Tax	3 155 000	7 339 000	6 818 000	2 032 000
Tax	695 000	1 618 000	1 505 000	450 000
Net Income	2 461 000	5 721 000	5 313 000	1 582 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 127 000	13 255 000	1 515 000	981 000
Total Current Assets	25 971 000	31 392 000	28 680 000	21 270 000
Total Assets	51 098 000	44 647 000	30 195 000	22 251 000
Total Retained Equity	8 279 000	5 818 000	6 596 000	1 284 000
Total Equity	9 279 000	6 818 000	7 596 000	2 284 000
Total Long-Term Debt	1 424 000	730 000	156 000	96 000
Total Current Debt	40 395 000	37 100 000	22 442 000	19 871 000
Total Equity and Debt	51 098 000	44 647 000	30 195 000	22 251 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	164 174 000	140 140 000	127 027 000	126 981 000
Other Income	3 598 000	2 763 000	1 696 000	1 887 000
Revenue	167 772 000	142 902 000	128 723 000	128 868 000
Cost of Goods Sold	0	0	0	0
Salary Costs	58 563 000	49 956 000	43 732 000	46 738 000
Depreciation	4 075 000	1 256 000	295 000	254 000
Impairment	0	0	0	0
Expenditure	164 343 000	135 502 000	121 836 000	126 746 000
Operating Profit	3 429 000	7 401 000	6 887 000	2 121 000
Financial Income	50 000	43 000	60 000	39 000
Financial Costs	323 000	105 000	129 000	128 000
Financial Balance	−273 000	−62 000	−69 000	−89 000
Dividends	0	0	0	0
Net Income	2 461 000	5 721 000	5 313 000	1 582 000

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	24 968 000	13 226 000	1 495 000	931 000
Fixtures	159 000	29 000	20 000	50 000
Total Tangible Assets	25 127 000	13 255 000	1 515 000	981 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	25 127 000	13 255 000	1 515 000	981 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 844 000	9 171 000	11 848 000	1 853 000
Total Current Assets	25 971 000	31 392 000	28 680 000	21 270 000
Total Assets	51 098 000	44 647 000	30 195 000	22 251 000
Total Equity	9 279 000	6 818 000	7 596 000	2 284 000
Short-Term Group Debt	11 705 000	0	0	0
Total Long-Term Debt	1 424 000	730 000	156 000	96 000
Creditors	11 472 000	16 182 000	8 665 000	7 889 000
Unpaid Taxes	5 046 000	4 762 000	4 871 000	4 784 000
Dividends	0	0	0	0
Other Current Debt	10 501 000	8 613 000	7 461 000	6 916 000
Total Current Debt	40 395 000	37 100 000	22 442 000	19 871 000
Total Equity and Debt	51 098 000	44 647 000	30 195 000	22 251 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,52 %	83,91 %	69,94 %	69,26 %
Debt-to-Equity Ratio	0,15	0,11	0,02	0,04
Operating Profit Margin	2,04 %	5,18 %	5,35 %	1,65 %
Current Ratio	0,64	0,85	1,28	1,07
Quick Ratio	0,64	0,85	1,28	1,07
Equity Ratio	0,18	0,15	0,25	0,1
Gross Profit Margin	100 %	100 %	100 %	100 %