VF NORWAY AS

1392 VETTRE

Finances

Share Ownership

Return on Equity

16,45 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2023	2022	2021	2020
Revenue	173 984 000	138 722 000	92 881 000	111 580 000
Net Income	2 729 000	2 250 000	1 446 000	1 712 000
Total Assets	60 036 000	49 416 000	40 642 000	36 821 000
Total Equity	16 588 000	13 859 000	11 610 000	10 164 000

Income (NOK)	2023	2022	2021	2020
Revenue	173 984 000	138 722 000	92 881 000	111 580 000
Expenditure	170 454 000	136 057 000	91 043 000	109 371 000
Operating Profit	3 531 000	2 666 000	1 839 000	2 209 000
Financial Income	267 000	328 000	234 000	190 000
Financial Costs	295 000	107 000	181 000	176 000
Financial Balance	−28 000	221 000	53 000	14 000
Earnings Before Tax	3 504 000	2 887 000	1 892 000	2 224 000
Tax	775 000	637 000	446 000	511 000
Net Income	2 729 000	2 250 000	1 446 000	1 712 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	1 617 000	568 000	1 139 000	1 386 000
Total Current Assets	58 419 000	48 848 000	39 503 000	35 435 000
Total Assets	60 036 000	49 416 000	40 642 000	36 821 000
Total Retained Equity	16 088 000	13 359 000	11 110 000	9 664 000
Total Equity	16 588 000	13 859 000	11 610 000	10 164 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	43 448 000	35 557 000	29 032 000	26 657 000
Total Equity and Debt	60 036 000	49 416 000	40 642 000	36 821 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	173 926 000	138 688 000	92 861 000	111 566 000
Other Income	58 000	34 000	20 000	14 000
Revenue	173 984 000	138 722 000	92 881 000	111 580 000
Cost of Goods Sold	146 309 000	109 716 000	65 672 000	81 766 000
Salary Costs	6 077 000	7 624 000	9 740 000	8 517 000
Depreciation	124 000	170 000	132 000	199 000
Impairment	0	0	0	0
Expenditure	170 454 000	136 057 000	91 043 000	109 371 000
Operating Profit	3 531 000	2 666 000	1 839 000	2 209 000
Financial Income	267 000	328 000	234 000	190 000
Financial Costs	295 000	107 000	181 000	176 000
Financial Balance	−28 000	221 000	53 000	14 000
Dividends	0	0	0	0
Net Income	2 729 000	2 250 000	1 446 000	1 712 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	1 280 000	202 000	622 000	1 068 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	322 000	365 000	517 000	205 000
Total Tangible Assets	322 000	365 000	517 000	205 000
Total Fiancial Fixed Assets	15 000	0	0	113 000
Total Fixed Assets	1 617 000	568 000	1 139 000	1 386 000
Stock	0	0	3 004 000	5 100 000
Total Investments	0	0	0	0
Cash, Bank	2 436 000	2 891 000	2 484 000	5 626 000
Total Current Assets	58 419 000	48 848 000	39 503 000	35 435 000
Total Assets	60 036 000	49 416 000	40 642 000	36 821 000
Total Equity	16 588 000	13 859 000	11 610 000	10 164 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	18 292 000	16 171 000	13 539 000	10 692 000
Unpaid Taxes	11 527 000	9 472 000	6 589 000	5 288 000
Dividends	0	0	0	0
Other Current Debt	11 776 000	9 914 000	8 904 000	9 300 000
Total Current Debt	43 448 000	35 557 000	29 032 000	26 657 000
Total Equity and Debt	60 036 000	49 416 000	40 642 000	36 821 000

Financial indicators	2023	2022	2021	2020
Return on Equity	16,45 %	16,23 %	12,45 %	16,84 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,03 %	1,92 %	1,98 %	1,98 %
Current Ratio	1,34	1,37	1,36	1,33
Quick Ratio	1,34	1,37	1,52	1,64
Equity Ratio	0,28	0,28	0,29	0,28
Gross Profit Margin	15,91 %	20,91 %	29,29 %	26,72 %