VEEC AS

5015 BERGEN

Finances

Share Ownership

Return on Equity

19,92 %

Current Ratio

2,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 162 000	7 672 000	7 877 000	8 705 000
Net Income	953 000	518 000	683 000	1 065 000
Total Assets	7 080 000	5 787 000	5 275 000	4 968 000
Total Equity	4 785 000	3 857 000	3 339 000	2 657 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 162 000	7 672 000	7 877 000	8 705 000
Expenditure	7 719 000	7 075 000	6 970 000	7 429 000
Operating Profit	1 442 000	597 000	907 000	1 277 000
Financial Income	−115 000	76 000	−5 000	89 000
Financial Costs	72 000	17 000	20 000	17 000
Financial Balance	−187 000	59 000	−25 000	72 000
Earnings Before Tax	1 256 000	656 000	883 000	1 349 000
Tax	303 000	138 000	199 000	284 000
Net Income	953 000	518 000	683 000	1 065 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	759 000	2 734 000	1 828 000	1 207 000
Total Current Assets	6 321 000	3 053 000	3 448 000	3 761 000
Total Assets	7 080 000	5 787 000	5 275 000	4 968 000
Total Retained Equity	4 755 000	3 827 000	3 309 000	2 627 000
Total Equity	4 785 000	3 857 000	3 339 000	2 657 000
Total Long-Term Debt	9 000	0	10 000	23 000
Total Current Debt	2 286 000	1 930 000	1 926 000	2 288 000
Total Equity and Debt	7 080 000	5 787 000	5 275 000	4 968 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 014 000	7 599 000	7 862 000	8 705 000
Other Income	148 000	73 000	15 000	0
Revenue	9 162 000	7 672 000	7 877 000	8 705 000
Cost of Goods Sold	0	0	3 000	6 000
Salary Costs	7 195 000	6 588 000	6 514 000	6 943 000
Depreciation	123 000	170 000	170 000	170 000
Impairment	0	0	0	0
Expenditure	7 719 000	7 075 000	6 970 000	7 429 000
Operating Profit	1 442 000	597 000	907 000	1 277 000
Financial Income	−115 000	76 000	−5 000	89 000
Financial Costs	72 000	17 000	20 000	17 000
Financial Balance	−187 000	59 000	−25 000	72 000
Dividends	24 000	0	1 000	3 000
Net Income	953 000	518 000	683 000	1 065 000

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	492 000	311 000	480 000	650 000
Total Tangible Assets	492 000	311 000	480 000	650 000
Total Fiancial Fixed Assets	267 000	2 423 000	1 347 000	557 000
Total Fixed Assets	759 000	2 734 000	1 828 000	1 207 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 794 000	2 939 000	3 114 000	3 698 000
Total Current Assets	6 321 000	3 053 000	3 448 000	3 761 000
Total Assets	7 080 000	5 787 000	5 275 000	4 968 000
Total Equity	4 785 000	3 857 000	3 339 000	2 657 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 000	0	10 000	23 000
Creditors	22 000	29 000	32 000	14 000
Unpaid Taxes	814 000	729 000	653 000	844 000
Dividends	24 000	0	1 000	3 000
Other Current Debt	1 131 000	1 024 000	1 027 000	1 136 000
Total Current Debt	2 286 000	1 930 000	1 926 000	2 288 000
Total Equity and Debt	7 080 000	5 787 000	5 275 000	4 968 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,92 %	13,43 %	20,46 %	40,08 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	15,74 %	7,78 %	11,51 %	14,67 %
Current Ratio	2,77	1,58	1,79	1,64
Quick Ratio	2,77	1,58	1,79	1,64
Equity Ratio	0,68	0,67	0,63	0,53
Gross Profit Margin	100 %	100 %	99,96 %	99,93 %