VESTFJORD ELEKTRO AS

8410 LØDINGEN

Finances

Return on Equity

53,39 %

Current Ratio

1,52

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 949 000	5 077 000	1 875 000	1 258 000
Net Income	425 000	606 000	157 000	46 000
Total Assets	2 182 000	1 920 000	782 000	426 000
Total Equity	796 000	900 000	293 000	136 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 949 000	5 077 000	1 875 000	1 258 000
Expenditure	4 395 000	4 289 000	1 668 000	1 183 000
Operating Profit	554 000	788 000	207 000	75 000
Financial Income	2 000	1 000	0	0
Financial Costs	10 000	9 000	5 000	7 000
Financial Balance	−8 000	−8 000	−5 000	−7 000
Earnings Before Tax	545 000	780 000	202 000	68 000
Tax	120 000	173 000	44 000	22 000
Net Income	425 000	606 000	157 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	321 000	283 000	88 000	120 000
Total Current Assets	1 861 000	1 636 000	694 000	307 000
Total Assets	2 182 000	1 920 000	782 000	426 000
Total Retained Equity	764 000	875 000	268 000	111 000
Total Equity	796 000	900 000	293 000	136 000
Total Long-Term Debt	165 000	235 000	93 000	124 000
Total Current Debt	1 221 000	785 000	396 000	167 000
Total Equity and Debt	2 182 000	1 920 000	782 000	426 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 956 000	5 069 000	1 875 000	1 258 000
Other Income	−8 000	8 000	0	0
Revenue	4 949 000	5 077 000	1 875 000	1 258 000
Cost of Goods Sold	2 061 000	2 401 000	816 000	529 000
Salary Costs	1 632 000	1 222 000	481 000	367 000
Depreciation	105 000	65 000	31 000	31 000
Impairment	0	0	0	0
Expenditure	4 395 000	4 289 000	1 668 000	1 183 000
Operating Profit	554 000	788 000	207 000	75 000
Financial Income	2 000	1 000	0	0
Financial Costs	10 000	9 000	5 000	7 000
Financial Balance	−8 000	−8 000	−5 000	−7 000
Dividends	0	0	0	0
Net Income	425 000	606 000	157 000	46 000

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	64 000	0	0	0
Fixtures	257 000	283 000	88 000	120 000
Total Tangible Assets	321 000	283 000	88 000	120 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	321 000	283 000	88 000	120 000
Stock	492 000	424 000	334 000	140 000
Total Investments	0	0	0	0
Cash, Bank	1 088 000	717 000	210 000	155 000
Total Current Assets	1 861 000	1 636 000	694 000	307 000
Total Assets	2 182 000	1 920 000	782 000	426 000
Total Equity	796 000	900 000	293 000	136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	165 000	235 000	93 000	124 000
Creditors	128 000	94 000	138 000	29 000
Unpaid Taxes	258 000	389 000	161 000	91 000
Dividends	0	0	0	0
Other Current Debt	711 000	131 000	51 000	30 000
Total Current Debt	1 221 000	785 000	396 000	167 000
Total Equity and Debt	2 182 000	1 920 000	782 000	426 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,39 %	67,33 %	53,58 %	33,82 %
Debt-to-Equity Ratio	0,21	0,26	0,32	0,91
Operating Profit Margin	11,19 %	15,52 %	11,04 %	5,96 %
Current Ratio	1,52	2,08	1,75	1,84
Quick Ratio	2,55	4,53	11,19	11,37
Equity Ratio	0,36	0,47	0,37	0,32
Gross Profit Margin	58,36 %	52,71 %	56,48 %	57,95 %