VALVETECH AS

4325 SANDNES

Finances

Return on Equity

−5,32 %

Current Ratio

18,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	−17 000	1 491 000	1 641 000	1 781 000
Net Income	−138 000	529 000	530 000	575 000
Total Assets	2 739 000	3 075 000	2 593 000	2 056 000
Total Equity	2 593 000	2 731 000	2 202 000	1 671 000

Income (NOK)	2022	2021	2020	2019
Revenue	−17 000	1 491 000	1 641 000	1 781 000
Expenditure	60 000	826 000	979 000	1 085 000
Operating Profit	−77 000	664 000	663 000	696 000
Financial Income	9 000	58 000	33 000	35 000
Financial Costs	85 000	46 000	19 000	0
Financial Balance	−76 000	12 000	14 000	35 000
Earnings Before Tax	−154 000	676 000	676 000	730 000
Tax	−16 000	147 000	146 000	156 000
Net Income	−138 000	529 000	530 000	575 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 000	63 000	0	14 000
Total Current Assets	2 664 000	3 012 000	2 593 000	2 042 000
Total Assets	2 739 000	3 075 000	2 593 000	2 056 000
Total Retained Equity	2 570 000	2 708 000	2 178 000	1 648 000
Total Equity	2 593 000	2 731 000	2 202 000	1 671 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	145 000	344 000	391 000	385 000
Total Equity and Debt	2 739 000	3 075 000	2 593 000	2 056 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−17 000	1 491 000	1 641 000	1 781 000
Other Income	0	0	0	0
Revenue	−17 000	1 491 000	1 641 000	1 781 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	742 000	822 000	825 000
Depreciation	0	0	14 000	6 000
Impairment	0	0	0	0
Expenditure	60 000	826 000	979 000	1 085 000
Operating Profit	−77 000	664 000	663 000	696 000
Financial Income	9 000	58 000	33 000	35 000
Financial Costs	85 000	46 000	19 000	0
Financial Balance	−76 000	12 000	14 000	35 000
Dividends	0	0	0	0
Net Income	−138 000	529 000	530 000	575 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	14 000
Total Tangible Assets	0	0	0	14 000
Total Fiancial Fixed Assets	59 000	63 000	0	0
Total Fixed Assets	75 000	63 000	0	14 000
Stock	0	0	0	0
Total Investments	510 000	276 000	559 000	328 000
Cash, Bank	2 153 000	2 532 000	1 864 000	1 534 000
Total Current Assets	2 664 000	3 012 000	2 593 000	2 042 000
Total Assets	2 739 000	3 075 000	2 593 000	2 056 000
Total Equity	2 593 000	2 731 000	2 202 000	1 671 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−5 000	3 000	0	0
Unpaid Taxes	77 000	120 000	143 000	136 000
Dividends	0	0	0	0
Other Current Debt	74 000	74 000	103 000	93 000
Total Current Debt	145 000	344 000	391 000	385 000
Total Equity and Debt	2 739 000	3 075 000	2 593 000	2 056 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,32 %	19,37 %	24,07 %	34,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	452,94 %	44,53 %	40,4 %	39,08 %
Current Ratio	18,37	8,76	6,63	5,3
Quick Ratio	18,37	8,76	6,63	5,3
Equity Ratio	0,95	0,89	0,85	0,81
Gross Profit Margin	100 %	100 %	100 %	100 %