NORSK VVS EKSPERT AS

2020 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

20,74 %

Current Ratio

0,38

Debt-to-Equity Ratio

−0,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 204 000	2 089 000	2 681 000	1 456 000
Net Income	−257 000	−1 005 000	−238 000	160 000
Total Assets	969 000	913 000	1 439 000	483 000
Total Equity	−1 239 000	−982 000	23 000	198 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 204 000	2 089 000	2 681 000	1 456 000
Expenditure	2 461 000	3 094 000	2 919 000	1 243 000
Operating Profit	−257 000	−1 005 000	−238 000	213 000
Financial Income	3 000	0	0	0
Financial Costs	3 000	0	0	4 000
Financial Balance	0	0	0	−4 000
Earnings Before Tax	−257 000	−1 005 000	−238 000	209 000
Tax	0	0	0	49 000
Net Income	−257 000	−1 005 000	−238 000	160 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	271 000	359 000	482 000	50 000
Total Current Assets	697 000	555 000	957 000	432 000
Total Assets	969 000	913 000	1 439 000	483 000
Total Retained Equity	−1 269 000	−1 012 000	−7 000	168 000
Total Equity	−1 239 000	−982 000	23 000	198 000
Total Long-Term Debt	379 000	379 000	403 000	0
Total Current Debt	1 828 000	1 517 000	1 012 000	285 000
Total Equity and Debt	969 000	913 000	1 439 000	483 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 204 000	2 089 000	2 681 000	1 456 000
Other Income	0	0	0	0
Revenue	2 204 000	2 089 000	2 681 000	1 456 000
Cost of Goods Sold	827 000	1 938 000	2 072 000	443 000
Salary Costs	1 227 000	768 000	588 000	633 000
Depreciation	93 000	123 000	54 000	17 000
Impairment	0	0	0	0
Expenditure	2 461 000	3 094 000	2 919 000	1 243 000
Operating Profit	−257 000	−1 005 000	−238 000	213 000
Financial Income	3 000	0	0	0
Financial Costs	3 000	0	0	4 000
Financial Balance	0	0	0	−4 000
Dividends	0	0	0	0
Net Income	−257 000	−1 005 000	−238 000	160 000

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	0	0	0	0
Fixtures	261 000	349 000	472 000	50 000
Total Tangible Assets	261 000	349 000	472 000	50 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	0
Total Fixed Assets	271 000	359 000	482 000	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	484 000	276 000	711 000	294 000
Total Current Assets	697 000	555 000	957 000	432 000
Total Assets	969 000	913 000	1 439 000	483 000
Total Equity	−1 239 000	−982 000	23 000	198 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	379 000	379 000	403 000	0
Creditors	1 048 000	1 074 000	773 000	84 000
Unpaid Taxes	404 000	252 000	166 000	74 000
Dividends	0	0	0	0
Other Current Debt	377 000	191 000	73 000	77 000
Total Current Debt	1 828 000	1 517 000	1 012 000	285 000
Total Equity and Debt	969 000	913 000	1 439 000	483 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,74 %	102,34 %	−1 034,78 %	80,81 %
Debt-to-Equity Ratio	−0,31	−0,39	17,52	0
Operating Profit Margin	−11,66 %	−48,11 %	−8,88 %	14,63 %
Current Ratio	0,38	0,37	0,95	1,52
Quick Ratio	0,38	0,37	0,95	1,52
Equity Ratio	−1,28	−1,08	0,02	0,41
Gross Profit Margin	62,48 %	7,23 %	22,72 %	69,57 %