INSTANT VVS AS

2020 SKEDSMOKORSET

Finances

Return on Equity

36,82 %

Current Ratio

2,02

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 189 000	3 058 000	2 395 000	1 502 000
Net Income	183 000	34 000	86 000	−28 000
Total Assets	1 242 000	549 000	754 000	263 000
Total Equity	497 000	314 000	183 000	97 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 189 000	3 058 000	2 395 000	1 502 000
Expenditure	4 949 000	3 015 000	2 184 000	1 524 000
Operating Profit	240 000	42 000	211 000	−21 000
Financial Income	0	3 000	0	0
Financial Costs	5 000	1 000	4 000	7 000
Financial Balance	−5 000	2 000	−4 000	−7 000
Earnings Before Tax	235 000	43 000	207 000	−28 000
Tax	52 000	10 000	121 000	0
Net Income	183 000	34 000	86 000	−28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	518 000	19 000	16 000	20 000
Total Current Assets	724 000	530 000	738 000	243 000
Total Assets	1 242 000	549 000	754 000	263 000
Total Retained Equity	467 000	284 000	153 000	67 000
Total Equity	497 000	314 000	183 000	97 000
Total Long-Term Debt	387 000	0	0	0
Total Current Debt	358 000	235 000	571 000	166 000
Total Equity and Debt	1 242 000	549 000	754 000	263 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 857 000	2 890 000	2 274 000	1 502 000
Other Income	332 000	168 000	121 000	0
Revenue	5 189 000	3 058 000	2 395 000	1 502 000
Cost of Goods Sold	1 680 000	944 000	757 000	532 000
Salary Costs	2 092 000	1 546 000	1 015 000	733 000
Depreciation	206 000	0	0	23 000
Impairment	0	0	0	0
Expenditure	4 949 000	3 015 000	2 184 000	1 524 000
Operating Profit	240 000	42 000	211 000	−21 000
Financial Income	0	3 000	0	0
Financial Costs	5 000	1 000	4 000	7 000
Financial Balance	−5 000	2 000	−4 000	−7 000
Dividends	0	0	0	0
Net Income	183 000	34 000	86 000	−28 000

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	500 000	0	0	0
Total Tangible Assets	500 000	0	0	0
Total Fiancial Fixed Assets	18 000	19 000	16 000	20 000
Total Fixed Assets	518 000	19 000	16 000	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	527 000	527 000	659 000	122 000
Total Current Assets	724 000	530 000	738 000	243 000
Total Assets	1 242 000	549 000	754 000	263 000
Total Equity	497 000	314 000	183 000	97 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	387 000	0	0	0
Creditors	−280 000	−177 000	−15 000	31 000
Unpaid Taxes	390 000	258 000	309 000	76 000
Dividends	0	0	0	0
Other Current Debt	196 000	144 000	253 000	59 000
Total Current Debt	358 000	235 000	571 000	166 000
Total Equity and Debt	1 242 000	549 000	754 000	263 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,82 %	10,83 %	46,99 %	−28,87 %
Debt-to-Equity Ratio	0,78	0	0	0
Operating Profit Margin	4,63 %	1,37 %	8,81 %	−1,4 %
Current Ratio	2,02	2,26	1,29	1,46
Quick Ratio	2,02	2,26	1,29	1,46
Equity Ratio	0,4	0,57	0,24	0,37
Gross Profit Margin	67,62 %	69,13 %	68,39 %	64,58 %