VF ELEKTRO AS

1903 GAN

Finances

Share Ownership

Return on Equity

40,37 %

Current Ratio

1,35

Debt-to-Equity Ratio

0,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 248 000	7 663 000	6 040 000	5 809 000
Net Income	243 000	266 000	57 000	10 000
Total Assets	2 570 000	2 649 000	1 592 000	1 379 000
Total Equity	602 000	360 000	93 000	37 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 248 000	7 663 000	6 040 000	5 809 000
Expenditure	7 903 000	7 316 000	5 962 000	5 924 000
Operating Profit	344 000	347 000	78 000	11 000
Financial Income	0	0	0	1 000
Financial Costs	30 000	7 000	4 000	0
Financial Balance	−30 000	−7 000	−4 000	1 000
Earnings Before Tax	314 000	340 000	75 000	12 000
Tax	72 000	74 000	18 000	2 000
Net Income	243 000	266 000	57 000	10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	550 000	644 000	90 000	130 000
Total Current Assets	2 020 000	2 005 000	1 502 000	1 249 000
Total Assets	2 570 000	2 649 000	1 592 000	1 379 000
Total Retained Equity	578 000	335 000	69 000	12 000
Total Equity	602 000	360 000	93 000	37 000
Total Long-Term Debt	477 000	595 000	0	0
Total Current Debt	1 491 000	1 695 000	1 499 000	1 342 000
Total Equity and Debt	2 570 000	2 649 000	1 592 000	1 379 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 248 000	7 663 000	5 969 000	5 809 000
Other Income	0	0	71 000	0
Revenue	8 248 000	7 663 000	6 040 000	5 809 000
Cost of Goods Sold	3 272 000	2 697 000	2 238 000	2 172 000
Salary Costs	3 017 000	3 137 000	2 576 000	2 781 000
Depreciation	109 000	98 000	40 000	38 000
Impairment	0	0	0	0
Expenditure	7 903 000	7 316 000	5 962 000	5 924 000
Operating Profit	344 000	347 000	78 000	11 000
Financial Income	0	0	0	1 000
Financial Costs	30 000	7 000	4 000	0
Financial Balance	−30 000	−7 000	−4 000	1 000
Dividends	0	0	0	0
Net Income	243 000	266 000	57 000	10 000

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	550 000	644 000	90 000	130 000
Total Tangible Assets	550 000	644 000	90 000	130 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	550 000	644 000	90 000	130 000
Stock	286 000	331 000	320 000	238 000
Total Investments	0	0	0	0
Cash, Bank	518 000	496 000	520 000	415 000
Total Current Assets	2 020 000	2 005 000	1 502 000	1 249 000
Total Assets	2 570 000	2 649 000	1 592 000	1 379 000
Total Equity	602 000	360 000	93 000	37 000
Short-Term Group Debt	0	0	0	50 000
Total Long-Term Debt	477 000	595 000	0	0
Creditors	585 000	697 000	851 000	235 000
Unpaid Taxes	497 000	586 000	362 000	665 000
Dividends	0	0	0	0
Other Current Debt	344 000	354 000	267 000	390 000
Total Current Debt	1 491 000	1 695 000	1 499 000	1 342 000
Total Equity and Debt	2 570 000	2 649 000	1 592 000	1 379 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,37 %	73,89 %	61,29 %	27,03 %
Debt-to-Equity Ratio	0,79	1,65	0	0
Operating Profit Margin	4,17 %	4,53 %	1,29 %	0,19 %
Current Ratio	1,35	1,18	1	0,93
Quick Ratio	1,68	1,47	1,27	1,13
Equity Ratio	0,23	0,14	0,06	0,03
Gross Profit Margin	60,33 %	64,8 %	62,95 %	62,61 %