VEST-TELEMARK FORSIKRING AS

3850 KVITESEID

Finances

Share Ownership

Return on Equity

28,82 %

Current Ratio

1,71

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 741 000	2 107 000	763 000	958 000
Net Income	130 000	151 000	27 000	60 000
Total Assets	793 000	800 000	281 000	382 000
Total Equity	451 000	321 000	170 000	143 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 741 000	2 107 000	763 000	958 000
Expenditure	1 560 000	1 901 000	726 000	879 000
Operating Profit	180 000	205 000	38 000	80 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	2 000	0
Financial Balance	−6 000	−3 000	−2 000	0
Earnings Before Tax	175 000	202 000	36 000	80 000
Tax	44 000	50 000	9 000	20 000
Net Income	130 000	151 000	27 000	60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	332 000	352 000	107 000	11 000
Total Current Assets	461 000	448 000	174 000	370 000
Total Assets	793 000	800 000	281 000	382 000
Total Retained Equity	421 000	291 000	140 000	113 000
Total Equity	451 000	321 000	170 000	143 000
Total Long-Term Debt	71 000	145 000	2 000	3 000
Total Current Debt	270 000	334 000	109 000	236 000
Total Equity and Debt	793 000	800 000	281 000	382 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 000	0	0	0
Other Income	1 735 000	2 107 000	763 000	958 000
Revenue	1 741 000	2 107 000	763 000	958 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 216 000	1 526 000	395 000	735 000
Depreciation	20 000	115 000	205 000	5 000
Impairment	0	0	0	0
Expenditure	1 560 000	1 901 000	726 000	879 000
Operating Profit	180 000	205 000	38 000	80 000
Financial Income	0	0	0	0
Financial Costs	6 000	3 000	2 000	0
Financial Balance	−6 000	−3 000	−2 000	0
Dividends	0	0	0	0
Net Income	130 000	151 000	27 000	60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	100 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	332 000	352 000	7 000	11 000
Total Tangible Assets	332 000	352 000	7 000	11 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	332 000	352 000	107 000	11 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	156 000	196 000	−14 000	261 000
Total Current Assets	461 000	448 000	174 000	370 000
Total Assets	793 000	800 000	281 000	382 000
Total Equity	451 000	321 000	170 000	143 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	71 000	145 000	2 000	3 000
Creditors	28 000	11 000	13 000	0
Unpaid Taxes	76 000	144 000	13 000	70 000
Dividends	0	0	0	0
Other Current Debt	131 000	142 000	74 000	148 000
Total Current Debt	270 000	334 000	109 000	236 000
Total Equity and Debt	793 000	800 000	281 000	382 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,82 %	47,04 %	15,88 %	41,96 %
Debt-to-Equity Ratio	0,16	0,45	0,01	0,02
Operating Profit Margin	10,34 %	9,73 %	4,98 %	8,35 %
Current Ratio	1,71	1,34	1,6	1,57
Quick Ratio	1,71	1,34	1,6	1,57
Equity Ratio	0,57	0,4	0,6	0,37
Gross Profit Margin	100 %	100 %	100 %	100 %