VENKES STRIKKEGLEDE AS

6013 ÅLESUND

Finances

Share Ownership

Return on Equity

32,47 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 372 000	6 430 000	6 777 000	5 215 000
Net Income	502 000	491 000	694 000	344 000
Total Assets	2 692 000	2 289 000	2 157 000	1 517 000
Total Equity	1 546 000	1 294 000	1 003 000	610 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 372 000	6 430 000	6 777 000	5 215 000
Expenditure	5 731 000	5 804 000	5 885 000	4 749 000
Operating Profit	641 000	627 000	891 000	465 000
Financial Income	5 000	4 000	2 000	1 000
Financial Costs	2 000	2 000	3 000	25 000
Financial Balance	3 000	2 000	−1 000	−24 000
Earnings Before Tax	644 000	629 000	890 000	441 000
Tax	142 000	138 000	196 000	98 000
Net Income	502 000	491 000	694 000	344 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	6 000
Total Current Assets	2 692 000	2 289 000	2 157 000	1 511 000
Total Assets	2 692 000	2 289 000	2 157 000	1 517 000
Total Retained Equity	1 471 000	1 219 000	928 000	535 000
Total Equity	1 546 000	1 294 000	1 003 000	610 000
Total Long-Term Debt	0	0	0	222 000
Total Current Debt	1 146 000	995 000	1 153 000	686 000
Total Equity and Debt	2 692 000	2 289 000	2 157 000	1 517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 359 000	6 417 000	6 768 000	5 214 000
Other Income	13 000	13 000	8 000	1 000
Revenue	6 372 000	6 430 000	6 777 000	5 215 000
Cost of Goods Sold	2 836 000	3 008 000	3 057 000	2 452 000
Salary Costs	1 237 000	1 170 000	1 121 000	1 023 000
Depreciation	0	0	6 000	6 000
Impairment	0	0	0	0
Expenditure	5 731 000	5 804 000	5 885 000	4 749 000
Operating Profit	641 000	627 000	891 000	465 000
Financial Income	5 000	4 000	2 000	1 000
Financial Costs	2 000	2 000	3 000	25 000
Financial Balance	3 000	2 000	−1 000	−24 000
Dividends	250 000	200 000	300 000	0
Net Income	502 000	491 000	694 000	344 000

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	6 000
Total Tangible Assets	0	0	0	6 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	6 000
Stock	1 402 000	1 334 000	1 268 000	796 000
Total Investments	0	0	0	0
Cash, Bank	1 191 000	879 000	812 000	670 000
Total Current Assets	2 692 000	2 289 000	2 157 000	1 511 000
Total Assets	2 692 000	2 289 000	2 157 000	1 517 000
Total Equity	1 546 000	1 294 000	1 003 000	610 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	222 000
Creditors	377 000	308 000	305 000	259 000
Unpaid Taxes	191 000	174 000	177 000	172 000
Dividends	250 000	200 000	300 000	0
Other Current Debt	185 000	175 000	174 000	159 000
Total Current Debt	1 146 000	995 000	1 153 000	686 000
Total Equity and Debt	2 692 000	2 289 000	2 157 000	1 517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,47 %	37,94 %	69,19 %	56,39 %
Debt-to-Equity Ratio	0	0	0	0,36
Operating Profit Margin	10,06 %	9,75 %	13,15 %	8,92 %
Current Ratio	2,35	2,3	1,87	2,2
Quick Ratio	−10,52	−6,75	−18,76	−13,74
Equity Ratio	0,57	0,57	0,46	0,4
Gross Profit Margin	55,49 %	53,22 %	54,89 %	52,98 %