VETLESYSTER AS

5743 FLÅM

Finances

Return on Equity

30,27 %

Current Ratio

2,02

Debt-to-Equity Ratio

2,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	91 910 000	59 490 000	53 677 000	88 754 000
Net Income	6 819 000	1 740 000	1 015 000	6 014 000
Total Assets	104 716 000	101 179 000	102 445 000	104 465 000
Total Equity	22 529 000	15 711 000	20 970 000	19 956 000

Income (NOK)	2022	2021	2020	2019
Revenue	91 910 000	59 490 000	53 677 000	88 754 000
Expenditure	79 922 000	55 086 000	50 167 000	77 801 000
Operating Profit	11 945 000	4 544 000	3 564 000	10 942 000
Financial Income	151 000	76 000	116 000	136 000
Financial Costs	3 345 000	2 328 000	2 315 000	3 142 000
Financial Balance	−3 194 000	−2 252 000	−2 199 000	−3 006 000
Earnings Before Tax	8 750 000	2 292 000	1 365 000	7 936 000
Tax	1 932 000	552 000	351 000	1 922 000
Net Income	6 819 000	1 740 000	1 015 000	6 014 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	72 628 000	73 389 000	77 224 000	77 253 000
Total Current Assets	32 088 000	27 790 000	25 221 000	27 212 000
Total Assets	104 716 000	101 179 000	102 445 000	104 465 000
Total Retained Equity	22 300 000	13 376 000	20 741 000	19 726 000
Total Equity	22 529 000	15 711 000	20 970 000	19 956 000
Total Long-Term Debt	66 283 000	73 052 000	74 195 000	72 447 000
Total Current Debt	15 904 000	12 416 000	7 279 000	12 062 000
Total Equity and Debt	104 716 000	101 179 000	102 445 000	104 465 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	91 711 000	56 674 000	51 561 000	88 754 000
Other Income	198 000	2 816 000	2 116 000	0
Revenue	91 910 000	59 490 000	53 677 000	88 754 000
Cost of Goods Sold	17 519 000	12 399 000	10 926 000	17 131 000
Salary Costs	38 931 000	25 892 000	22 230 000	38 997 000
Depreciation	4 448 000	4 581 000	4 581 000	4 246 000
Impairment	0	0	0	0
Expenditure	79 922 000	55 086 000	50 167 000	77 801 000
Operating Profit	11 945 000	4 544 000	3 564 000	10 942 000
Financial Income	151 000	76 000	116 000	136 000
Financial Costs	3 345 000	2 328 000	2 315 000	3 142 000
Financial Balance	−3 194 000	−2 252 000	−2 199 000	−3 006 000
Dividends	0	0	0	0
Net Income	6 819 000	1 740 000	1 015 000	6 014 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	57 603 000	55 687 000	56 388 000	56 758 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 958 000	16 473 000	19 245 000	18 753 000
Total Tangible Assets	71 561 000	72 160 000	75 632 000	75 511 000
Total Fiancial Fixed Assets	1 067 000	1 229 000	1 592 000	1 742 000
Total Fixed Assets	72 628 000	73 389 000	77 224 000	77 253 000
Stock	6 366 000	4 848 000	4 652 000	5 183 000
Total Investments	0	0	0	0
Cash, Bank	20 616 000	20 075 000	18 297 000	20 174 000
Total Current Assets	32 088 000	27 790 000	25 221 000	27 212 000
Total Assets	104 716 000	101 179 000	102 445 000	104 465 000
Total Equity	22 529 000	15 711 000	20 970 000	19 956 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	66 283 000	73 052 000	74 195 000	72 447 000
Creditors	3 202 000	1 192 000	965 000	1 857 000
Unpaid Taxes	2 291 000	1 734 000	853 000	2 961 000
Dividends	0	0	0	0
Other Current Debt	8 217 000	3 889 000	3 266 000	4 513 000
Total Current Debt	15 904 000	12 416 000	7 279 000	12 062 000
Total Equity and Debt	104 716 000	101 179 000	102 445 000	104 465 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,27 %	11,08 %	4,84 %	30,14 %
Debt-to-Equity Ratio	2,94	4,65	3,54	3,63
Operating Profit Margin	13 %	7,64 %	6,64 %	12,33 %
Current Ratio	2,02	2,24	3,46	2,26
Quick Ratio	3,36	3,67	9,6	3,96
Equity Ratio	0,22	0,16	0,2	0,19
Gross Profit Margin	80,94 %	79,16 %	79,64 %	80,7 %