VEMEK AS

5131 NYBORG

Finances

Share Ownership

Return on Equity

9,9 %

Current Ratio

0,42

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 474 000	5 428 000	4 080 000	3 103 000
Net Income	104 000	1 528 000	614 000	197 000
Total Assets	2 782 000	3 877 000	3 414 000	1 354 000
Total Equity	1 051 000	946 000	918 000	304 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 474 000	5 428 000	4 080 000	3 103 000
Expenditure	3 330 000	3 469 000	3 139 000	2 831 000
Operating Profit	144 000	1 959 000	883 000	261 000
Financial Income	0	0	0	0
Financial Costs	10 000	0	90 000	9 000
Financial Balance	−10 000	0	−90 000	−9 000
Earnings Before Tax	134 000	1 959 000	793 000	253 000
Tax	30 000	431 000	179 000	55 000
Net Income	104 000	1 528 000	614 000	197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 089 000	2 123 000	1 026 000	647 000
Total Current Assets	694 000	1 754 000	2 389 000	706 000
Total Assets	2 782 000	3 877 000	3 414 000	1 354 000
Total Retained Equity	1 021 000	916 000	888 000	274 000
Total Equity	1 051 000	946 000	918 000	304 000
Total Long-Term Debt	91 000	76 000	265 000	0
Total Current Debt	1 641 000	2 855 000	2 231 000	1 050 000
Total Equity and Debt	2 782 000	3 877 000	3 414 000	1 354 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 254 000	5 428 000	4 080 000	3 103 000
Other Income	220 000	0	0	0
Revenue	3 474 000	5 428 000	4 080 000	3 103 000
Cost of Goods Sold	416 000	746 000	369 000	232 000
Salary Costs	1 219 000	1 301 000	1 118 000	1 423 000
Depreciation	588 000	402 000	249 000	157 000
Impairment	0	0	0	0
Expenditure	3 330 000	3 469 000	3 139 000	2 831 000
Operating Profit	144 000	1 959 000	883 000	261 000
Financial Income	0	0	0	0
Financial Costs	10 000	0	90 000	9 000
Financial Balance	−10 000	0	−90 000	−9 000
Dividends	0	1 500 000	0	0
Net Income	104 000	1 528 000	614 000	197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	10 000	70 000	130 000	190 000
Total Intangible Assets	10 000	70 000	130 000	190 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 670 000	246 000	331 000	390 000
Fixtures	409 000	1 807 000	564 000	67 000
Total Tangible Assets	2 079 000	2 053 000	896 000	457 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 089 000	2 123 000	1 026 000	647 000
Stock	200 000	0	60 000	59 000
Total Investments	0	0	0	0
Cash, Bank	102 000	1 488 000	696 000	257 000
Total Current Assets	694 000	1 754 000	2 389 000	706 000
Total Assets	2 782 000	3 877 000	3 414 000	1 354 000
Total Equity	1 051 000	946 000	918 000	304 000
Short-Term Group Debt	250 000	0	0	0
Total Long-Term Debt	91 000	76 000	265 000	0
Creditors	31 000	28 000	185 000	292 000
Unpaid Taxes	80 000	234 000	371 000	286 000
Dividends	0	1 500 000	0	0
Other Current Debt	665 000	673 000	1 467 000	416 000
Total Current Debt	1 641 000	2 855 000	2 231 000	1 050 000
Total Equity and Debt	2 782 000	3 877 000	3 414 000	1 354 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,9 %	161,52 %	66,88 %	64,8 %
Debt-to-Equity Ratio	0,09	0,08	0,29	0
Operating Profit Margin	4,15 %	36,09 %	21,64 %	8,41 %
Current Ratio	0,42	0,61	1,07	0,67
Quick Ratio	0,48	0,61	1,1	0,71
Equity Ratio	0,38	0,24	0,27	0,22
Gross Profit Margin	88,03 %	86,26 %	90,96 %	92,52 %