VEENRØNNING AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

−3,54 %

Current Ratio

2,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 538 000	1 203 000	1 293 000	2 833 000
Net Income	−22 000	408 000	399 000	937 000
Total Assets	969 000	1 392 000	1 360 000	1 640 000
Total Equity	622 000	644 000	1 036 000	237 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 538 000	1 203 000	1 293 000	2 833 000
Expenditure	1 560 000	674 000	781 000	1 630 000
Operating Profit	−22 000	529 000	512 000	1 203 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	0
Earnings Before Tax	−22 000	529 000	512 000	1 202 000
Tax	0	120 000	113 000	265 000
Net Income	−22 000	408 000	399 000	937 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	969 000	1 392 000	1 360 000	1 640 000
Total Assets	969 000	1 392 000	1 360 000	1 640 000
Total Retained Equity	522 000	544 000	936 000	137 000
Total Equity	622 000	644 000	1 036 000	237 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	347 000	748 000	324 000	1 403 000
Total Equity and Debt	969 000	1 392 000	1 360 000	1 640 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 538 000	1 203 000	1 293 000	2 832 000
Other Income	0	0	0	1 000
Revenue	1 538 000	1 203 000	1 293 000	2 833 000
Cost of Goods Sold	70 000	68 000	94 000	8 000
Salary Costs	1 411 000	541 000	620 000	1 516 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 560 000	674 000	781 000	1 630 000
Operating Profit	−22 000	529 000	512 000	1 203 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	0
Dividends	0	800 000	0	1 500 000
Net Income	−22 000	408 000	399 000	937 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	969 000	1 130 000	981 000	1 522 000
Total Current Assets	969 000	1 392 000	1 360 000	1 640 000
Total Assets	969 000	1 392 000	1 360 000	1 640 000
Total Equity	622 000	644 000	1 036 000	237 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	4 000	4 000	2 000
Unpaid Taxes	198 000	176 000	152 000	196 000
Dividends	0	800 000	0	1 500 000
Other Current Debt	146 000	448 000	55 000	140 000
Total Current Debt	347 000	748 000	324 000	1 403 000
Total Equity and Debt	969 000	1 392 000	1 360 000	1 640 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,54 %	63,35 %	38,51 %	395,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,43 %	43,97 %	39,6 %	42,46 %
Current Ratio	2,79	1,86	4,2	1,17
Quick Ratio	2,79	1,86	4,2	1,17
Equity Ratio	0,64	0,46	0,76	0,14
Gross Profit Margin	95,45 %	94,35 %	92,73 %	99,72 %