VEKSTHUSET OFFSHORE AS

0166 OSLO

Finances

Share Ownership

Return on Equity

93,86 %

Current Ratio

1,14

Debt-to-Equity Ratio

5,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	115 691 000	87 835 000	39 867 000	15 000
Net Income	1 895 000	1 110 000	17 000	10 000
Total Assets	46 430 000	35 023 000	26 014 000	17 000
Total Equity	2 019 000	1 541 000	432 000	15 000

Income (NOK)	2022	2021	2020	2019
Revenue	115 691 000	87 835 000	39 867 000	15 000
Expenditure	112 222 000	84 993 000	39 528 000	3 000
Operating Profit	3 469 000	2 842 000	339 000	12 000
Financial Income	21 000	14 000	4 000	0
Financial Costs	1 033 000	1 428 000	312 000	0
Financial Balance	−1 012 000	−1 414 000	−308 000	0
Earnings Before Tax	2 456 000	1 428 000	31 000	12 000
Tax	561 000	318 000	14 000	3 000
Net Income	1 895 000	1 110 000	17 000	10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 251 000	7 677 000	9 605 000	0
Total Current Assets	39 179 000	27 347 000	16 409 000	17 000
Total Assets	46 430 000	35 023 000	26 014 000	17 000
Total Retained Equity	1 589 000	1 111 000	2 000	−15 000
Total Equity	2 019 000	1 541 000	432 000	15 000
Total Long-Term Debt	10 156 000	8 388 000	8 784 000	0
Total Current Debt	34 255 000	25 094 000	16 798 000	3 000
Total Equity and Debt	46 430 000	35 023 000	26 014 000	17 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	115 691 000	87 835 000	39 810 000	15 000
Other Income	0	0	57 000	0
Revenue	115 691 000	87 835 000	39 867 000	15 000
Cost of Goods Sold	9 154 000	5 032 000	2 511 000	0
Salary Costs	96 126 000	73 965 000	33 410 000	0
Depreciation	2 190 000	2 116 000	934 000	0
Impairment	0	0	0	0
Expenditure	112 222 000	84 993 000	39 528 000	3 000
Operating Profit	3 469 000	2 842 000	339 000	12 000
Financial Income	21 000	14 000	4 000	0
Financial Costs	1 033 000	1 428 000	312 000	0
Financial Balance	−1 012 000	−1 414 000	−308 000	0
Dividends	1 417 000	0	0	0
Net Income	1 895 000	1 110 000	17 000	10 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	5 150 000	7 170 000	9 189 000	0
Total Intangible Assets	5 152 000	7 170 000	9 189 000	0
Real Eastate	111 000	87 000	112 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	913 000	116 000	153 000	0
Total Tangible Assets	1 024 000	203 000	265 000	0
Total Fiancial Fixed Assets	1 075 000	304 000	150 000	0
Total Fixed Assets	7 251 000	7 677 000	9 605 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 770 000	8 280 000	3 846 000	2 000
Total Current Assets	39 179 000	27 347 000	16 409 000	17 000
Total Assets	46 430 000	35 023 000	26 014 000	17 000
Total Equity	2 019 000	1 541 000	432 000	15 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 156 000	8 388 000	8 784 000	0
Creditors	2 192 000	1 362 000	607 000	0
Unpaid Taxes	10 798 000	6 726 000	4 971 000	0
Dividends	1 417 000	0	0	0
Other Current Debt	18 527 000	11 333 000	6 137 000	0
Total Current Debt	34 255 000	25 094 000	16 798 000	3 000
Total Equity and Debt	46 430 000	35 023 000	26 014 000	17 000

Financial indicators	2022	2021	2020	2019
Return on Equity	93,86 %	72,03 %	3,94 %	66,67 %
Debt-to-Equity Ratio	5,03	5,44	20,33	0
Operating Profit Margin	3 %	3,24 %	0,85 %	80 %
Current Ratio	1,14	1,09	0,98	5,67
Quick Ratio	1,14	1,09	0,98	5,67
Equity Ratio	0,04	0,04	0,02	0,88
Gross Profit Margin	92,09 %	94,27 %	93,7 %	100 %