VESTFOLD ELEKTRO AS

3172 VEAR

Finances

Share Ownership

Return on Equity

55,14 %

Current Ratio

1,82

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 132 000	13 028 000	9 889 000	9 899 000
Net Income	1 438 000	717 000	496 000	286 000
Total Assets	5 822 000	4 151 000	4 067 000	3 447 000
Total Equity	2 608 000	1 569 000	1 218 000	722 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 132 000	13 028 000	9 889 000	9 899 000
Expenditure	16 282 000	12 229 000	9 313 000	9 446 000
Operating Profit	1 853 000	926 000	643 000	390 000
Financial Income	10 000	13 000	19 000	9 000
Financial Costs	16 000	18 000	25 000	31 000
Financial Balance	−6 000	−5 000	−6 000	−22 000
Earnings Before Tax	1 847 000	921 000	636 000	368 000
Tax	409 000	204 000	140 000	82 000
Net Income	1 438 000	717 000	496 000	286 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	183 000	119 000	171 000	233 000
Total Current Assets	5 639 000	4 032 000	3 896 000	3 214 000
Total Assets	5 822 000	4 151 000	4 067 000	3 447 000
Total Retained Equity	2 372 000	1 334 000	982 000	486 000
Total Equity	2 608 000	1 569 000	1 218 000	722 000
Total Long-Term Debt	123 000	245 000	365 000	483 000
Total Current Debt	3 091 000	2 336 000	2 483 000	2 243 000
Total Equity and Debt	5 822 000	4 151 000	4 067 000	3 447 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 094 000	13 028 000	9 889 000	9 899 000
Other Income	38 000	0	0	0
Revenue	18 132 000	13 028 000	9 889 000	9 899 000
Cost of Goods Sold	5 377 000	3 748 000	3 207 000	2 843 000
Salary Costs	8 525 000	6 500 000	4 560 000	5 157 000
Depreciation	41 000	91 000	108 000	149 000
Impairment	0	0	0	0
Expenditure	16 282 000	12 229 000	9 313 000	9 446 000
Operating Profit	1 853 000	926 000	643 000	390 000
Financial Income	10 000	13 000	19 000	9 000
Financial Costs	16 000	18 000	25 000	31 000
Financial Balance	−6 000	−5 000	−6 000	−22 000
Dividends	400 000	366 000	0	100 000
Net Income	1 438 000	717 000	496 000	286 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	69 000	57 000	33 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	95 000	200 000
Fixtures	132 000	50 000	19 000	0
Total Tangible Assets	132 000	50 000	114 000	200 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	183 000	119 000	171 000	233 000
Stock	457 000	455 000	327 000	260 000
Total Investments	0	0	0	0
Cash, Bank	1 711 000	1 664 000	1 603 000	1 081 000
Total Current Assets	5 639 000	4 032 000	3 896 000	3 214 000
Total Assets	5 822 000	4 151 000	4 067 000	3 447 000
Total Equity	2 608 000	1 569 000	1 218 000	722 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	123 000	245 000	365 000	483 000
Creditors	192 000	117 000	109 000	37 000
Unpaid Taxes	996 000	818 000	804 000	599 000
Dividends	400 000	366 000	0	100 000
Other Current Debt	1 513 000	1 185 000	1 405 000	1 398 000
Total Current Debt	3 091 000	2 336 000	2 483 000	2 243 000
Total Equity and Debt	5 822 000	4 151 000	4 067 000	3 447 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,14 %	45,7 %	40,72 %	39,61 %
Debt-to-Equity Ratio	0,05	0,16	0,3	0,67
Operating Profit Margin	10,22 %	7,11 %	6,5 %	3,94 %
Current Ratio	1,82	1,73	1,57	1,43
Quick Ratio	2,14	2,14	1,81	1,62
Equity Ratio	0,45	0,38	0,3	0,21
Gross Profit Margin	70,35 %	71,23 %	67,57 %	71,28 %