VETLABS AS

5221 NESTTUN

Finances

Share Ownership

Return on Equity

67,9 %

Current Ratio

0,65

Debt-to-Equity Ratio

1,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 529 000	3 186 000	351 000	1 618 000
Net Income	165 000	145 000	−330 000	656 000
Total Assets	1 397 000	1 504 000	451 000	1 268 000
Total Equity	243 000	78 000	−67 000	116 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 529 000	3 186 000	351 000	1 618 000
Expenditure	3 342 000	3 026 000	723 000	779 000
Operating Profit	186 000	159 000	−372 000	839 000
Financial Income	3 000	0	1 000	3 000
Financial Costs	24 000	15 000	1 000	0
Financial Balance	−21 000	−15 000	0	3 000
Earnings Before Tax	165 000	145 000	−372 000	842 000
Tax	0	0	−42 000	185 000
Net Income	165 000	145 000	−330 000	656 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	871 000	1 109 000	9 000	9 000
Total Current Assets	525 000	394 000	443 000	1 259 000
Total Assets	1 397 000	1 504 000	451 000	1 268 000
Total Retained Equity	213 000	48 000	−97 000	86 000
Total Equity	243 000	78 000	−67 000	116 000
Total Long-Term Debt	345 000	441 000	0	0
Total Current Debt	808 000	985 000	518 000	1 151 000
Total Equity and Debt	1 397 000	1 504 000	451 000	1 268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 529 000	3 186 000	351 000	1 618 000
Other Income	0	0	0	0
Revenue	3 529 000	3 186 000	351 000	1 618 000
Cost of Goods Sold	1 996 000	1 428 000	68 000	590 000
Salary Costs	629 000	1 061 000	352 000	8 000
Depreciation	254 000	169 000	0	0
Impairment	0	0	0	0
Expenditure	3 342 000	3 026 000	723 000	779 000
Operating Profit	186 000	159 000	−372 000	839 000
Financial Income	3 000	0	1 000	3 000
Financial Costs	24 000	15 000	1 000	0
Financial Balance	−21 000	−15 000	0	3 000
Dividends	0	0	0	0
Net Income	165 000	145 000	−330 000	656 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	9 000	9 000	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	863 000	1 101 000	0	0
Total Tangible Assets	863 000	1 101 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	871 000	1 109 000	9 000	9 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	191 000	289 000	184 000	1 083 000
Total Current Assets	525 000	394 000	443 000	1 259 000
Total Assets	1 397 000	1 504 000	451 000	1 268 000
Total Equity	243 000	78 000	−67 000	116 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	345 000	441 000	0	0
Creditors	258 000	211 000	9 000	67 000
Unpaid Taxes	149 000	181 000	7 000	96 000
Dividends	0	0	0	0
Other Current Debt	401 000	593 000	503 000	988 000
Total Current Debt	808 000	985 000	518 000	1 151 000
Total Equity and Debt	1 397 000	1 504 000	451 000	1 268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	67,9 %	185,9 %	492,54 %	565,52 %
Debt-to-Equity Ratio	1,42	5,65	−0	0
Operating Profit Margin	5,27 %	4,99 %	−105,98 %	51,85 %
Current Ratio	0,65	0,4	0,86	1,09
Quick Ratio	0,65	0,4	0,86	1,09
Equity Ratio	0,17	0,05	−0,15	0,09
Gross Profit Margin	43,44 %	55,18 %	80,63 %	63,54 %