VULKAN ENGINEERING AS

0484 OSLO

Finances

Return on Equity

20,15 %

Current Ratio

2,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 918 000	3 677 000	2 670 000	3 761 000
Net Income	244 000	325 000	286 000	448 000
Total Assets	2 194 000	1 925 000	1 642 000	1 596 000
Total Equity	1 211 000	968 000	643 000	556 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 918 000	3 677 000	2 670 000	3 761 000
Expenditure	3 606 000	3 263 000	2 324 000	3 189 000
Operating Profit	312 000	414 000	345 000	573 000
Financial Income	3 000	4 000	23 000	2 000
Financial Costs	2 000	1 000	1 000	0
Financial Balance	1 000	3 000	22 000	2 000
Earnings Before Tax	313 000	416 000	367 000	575 000
Tax	69 000	92 000	81 000	127 000
Net Income	244 000	325 000	286 000	448 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	118 000	65 000	121 000	23 000
Total Current Assets	2 076 000	1 860 000	1 520 000	1 573 000
Total Assets	2 194 000	1 925 000	1 642 000	1 596 000
Total Retained Equity	1 181 000	938 000	613 000	526 000
Total Equity	1 211 000	968 000	643 000	556 000
Total Long-Term Debt	0	0	5 000	0
Total Current Debt	983 000	957 000	994 000	1 040 000
Total Equity and Debt	2 194 000	1 925 000	1 642 000	1 596 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 918 000	3 677 000	2 670 000	3 761 000
Other Income	0	0	0	0
Revenue	3 918 000	3 677 000	2 670 000	3 761 000
Cost of Goods Sold	100 000	254 000	2 000	153 000
Salary Costs	2 957 000	2 622 000	1 815 000	2 578 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 606 000	3 263 000	2 324 000	3 189 000
Operating Profit	312 000	414 000	345 000	573 000
Financial Income	3 000	4 000	23 000	2 000
Financial Costs	2 000	1 000	1 000	0
Financial Balance	1 000	3 000	22 000	2 000
Dividends	0	0	0	0
Net Income	244 000	325 000	286 000	448 000

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	75 000	0
Total Tangible Assets	0	0	75 000	0
Total Fiancial Fixed Assets	118 000	65 000	46 000	23 000
Total Fixed Assets	118 000	65 000	121 000	23 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	559 000	1 136 000	981 000	927 000
Total Current Assets	2 076 000	1 860 000	1 520 000	1 573 000
Total Assets	2 194 000	1 925 000	1 642 000	1 596 000
Total Equity	1 211 000	968 000	643 000	556 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	5 000	0
Creditors	36 000	10 000	223 000	25 000
Unpaid Taxes	449 000	444 000	245 000	385 000
Dividends	0	0	0	0
Other Current Debt	429 000	407 000	449 000	503 000
Total Current Debt	983 000	957 000	994 000	1 040 000
Total Equity and Debt	2 194 000	1 925 000	1 642 000	1 596 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,15 %	33,57 %	44,48 %	80,58 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	7,96 %	11,26 %	12,92 %	15,24 %
Current Ratio	2,11	1,94	1,53	1,51
Quick Ratio	2,11	1,94	1,53	1,51
Equity Ratio	0,55	0,5	0,39	0,35
Gross Profit Margin	97,45 %	93,09 %	99,93 %	95,93 %