VESTFOLD RØR & GASS AS

3292 STAVERN

Finances

Share Ownership

Return on Equity

−66,84 %

Current Ratio

1,57

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 999 000	2 952 000	3 050 000	2 071 000
Net Income	−260 000	−61 000	214 000	54 000
Total Assets	1 074 000	1 042 000	1 378 000	906 000
Total Equity	389 000	649 000	710 000	496 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 999 000	2 952 000	3 050 000	2 071 000
Expenditure	3 220 000	2 999 000	2 749 000	1 983 000
Operating Profit	−221 000	−46 000	301 000	88 000
Financial Income	0	0	0	0
Financial Costs	38 000	21 000	25 000	18 000
Financial Balance	−38 000	−21 000	−25 000	−18 000
Earnings Before Tax	−260 000	−67 000	276 000	70 000
Tax	0	−6 000	61 000	16 000
Net Income	−260 000	−61 000	214 000	54 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	21 000	71 000	121 000
Total Current Assets	1 074 000	1 021 000	1 307 000	785 000
Total Assets	1 074 000	1 042 000	1 378 000	906 000
Total Retained Equity	359 000	619 000	680 000	466 000
Total Equity	389 000	649 000	710 000	496 000
Total Long-Term Debt	0	19 000	82 000	90 000
Total Current Debt	684 000	374 000	587 000	320 000
Total Equity and Debt	1 074 000	1 042 000	1 378 000	906 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 926 000	2 918 000	3 034 000	2 070 000
Other Income	72 000	34 000	15 000	1 000
Revenue	2 999 000	2 952 000	3 050 000	2 071 000
Cost of Goods Sold	1 411 000	1 475 000	1 520 000	983 000
Salary Costs	1 373 000	1 154 000	678 000	585 000
Depreciation	21 000	50 000	50 000	50 000
Impairment	0	0	0	0
Expenditure	3 220 000	2 999 000	2 749 000	1 983 000
Operating Profit	−221 000	−46 000	301 000	88 000
Financial Income	0	0	0	0
Financial Costs	38 000	21 000	25 000	18 000
Financial Balance	−38 000	−21 000	−25 000	−18 000
Dividends	0	0	0	0
Net Income	−260 000	−61 000	214 000	54 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	21 000	71 000	121 000
Total Tangible Assets	0	21 000	71 000	121 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	21 000	71 000	121 000
Stock	146 000	148 000	154 000	193 000
Total Investments	0	0	0	0
Cash, Bank	331 000	165 000	379 000	196 000
Total Current Assets	1 074 000	1 021 000	1 307 000	785 000
Total Assets	1 074 000	1 042 000	1 378 000	906 000
Total Equity	389 000	649 000	710 000	496 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	19 000	82 000	90 000
Creditors	231 000	88 000	301 000	170 000
Unpaid Taxes	198 000	148 000	209 000	89 000
Dividends	0	0	0	0
Other Current Debt	256 000	113 000	37 000	45 000
Total Current Debt	684 000	374 000	587 000	320 000
Total Equity and Debt	1 074 000	1 042 000	1 378 000	906 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−66,84 %	−9,4 %	30,14 %	10,89 %
Debt-to-Equity Ratio	0	0,03	0,12	0,18
Operating Profit Margin	−7,37 %	−1,56 %	9,87 %	4,25 %
Current Ratio	1,57	2,73	2,23	2,45
Quick Ratio	2	4,52	3,02	6,18
Equity Ratio	0,36	0,62	0,52	0,55
Gross Profit Margin	52,95 %	50,03 %	50,16 %	52,54 %