VEICO AS

1423 SKI

Finances

Share Ownership

Return on Equity

11,82 %

Current Ratio

3,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 147 000	3 230 000	2 859 000	3 448 000
Net Income	246 000	118 000	307 000	326 000
Total Assets	3 062 000	2 915 000	2 858 000	2 389 000
Total Equity	2 081 000	2 184 000	2 066 000	1 759 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 147 000	3 230 000	2 859 000	3 448 000
Expenditure	2 870 000	3 195 000	2 455 000	3 130 000
Operating Profit	311 000	167 000	400 000	418 000
Financial Income	8 000	4 000	4 000	0
Financial Costs	0	0	0	0
Financial Balance	8 000	4 000	4 000	0
Earnings Before Tax	319 000	171 000	405 000	418 000
Tax	73 000	53 000	97 000	92 000
Net Income	246 000	118 000	307 000	326 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 000	105 000	236 000	370 000
Total Current Assets	3 016 000	2 810 000	2 623 000	2 019 000
Total Assets	3 062 000	2 915 000	2 858 000	2 389 000
Total Retained Equity	1 881 000	1 984 000	1 866 000	1 559 000
Total Equity	2 081 000	2 184 000	2 066 000	1 759 000
Total Long-Term Debt	0	0	0	4 000
Total Current Debt	981 000	730 000	792 000	626 000
Total Equity and Debt	3 062 000	2 915 000	2 858 000	2 389 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 147 000	3 230 000	2 851 000	3 448 000
Other Income	0	0	8 000	0
Revenue	3 147 000	3 230 000	2 859 000	3 448 000
Cost of Goods Sold	1 888 000	2 204 000	1 765 000	2 158 000
Salary Costs	556 000	480 000	236 000	487 000
Depreciation	59 000	131 000	134 000	131 000
Impairment	0	0	0	0
Expenditure	2 870 000	3 195 000	2 455 000	3 130 000
Operating Profit	311 000	167 000	400 000	418 000
Financial Income	8 000	4 000	4 000	0
Financial Costs	0	0	0	0
Financial Balance	8 000	4 000	4 000	0
Dividends	350 000	0	0	0
Net Income	246 000	118 000	307 000	326 000

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	43 000	84 000	127 000	174 000
Fixtures	3 000	21 000	108 000	196 000
Total Tangible Assets	46 000	105 000	236 000	370 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	46 000	105 000	236 000	370 000
Stock	825 000	793 000	661 000	664 000
Total Investments	0	0	0	0
Cash, Bank	1 378 000	1 652 000	1 289 000	571 000
Total Current Assets	3 016 000	2 810 000	2 623 000	2 019 000
Total Assets	3 062 000	2 915 000	2 858 000	2 389 000
Total Equity	2 081 000	2 184 000	2 066 000	1 759 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	4 000
Creditors	324 000	348 000	439 000	290 000
Unpaid Taxes	157 000	208 000	192 000	149 000
Dividends	350 000	0	0	0
Other Current Debt	77 000	120 000	60 000	84 000
Total Current Debt	981 000	730 000	792 000	626 000
Total Equity and Debt	3 062 000	2 915 000	2 858 000	2 389 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,82 %	5,4 %	14,86 %	18,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,88 %	5,17 %	13,99 %	12,12 %
Current Ratio	3,07	3,85	3,31	3,23
Quick Ratio	19,33	−44,6	20,02	−53,13
Equity Ratio	0,68	0,75	0,72	0,74
Gross Profit Margin	40,01 %	31,76 %	38,27 %	37,41 %