VESTVIKEN BORING AS

3941 PORSGRUNN

Finances

Return on Equity

55,35 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 849 000	11 561 000	7 829 000	8 190 000
Net Income	1 496 000	516 000	111 000	485 000
Total Assets	8 090 000	5 642 000	4 157 000	4 049 000
Total Equity	2 703 000	1 207 000	1 371 000	1 260 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 849 000	11 561 000	7 829 000	8 190 000
Expenditure	14 813 000	10 846 000	7 676 000	7 545 000
Operating Profit	2 035 000	715 000	154 000	646 000
Financial Income	0	−3 000	0	1 000
Financial Costs	107 000	49 000	49 000	38 000
Financial Balance	−107 000	−52 000	−49 000	−37 000
Earnings Before Tax	1 929 000	663 000	105 000	608 000
Tax	433 000	146 000	−6 000	124 000
Net Income	1 496 000	516 000	111 000	485 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 282 000	3 604 000	2 392 000	2 159 000
Total Current Assets	3 809 000	2 037 000	1 764 000	1 890 000
Total Assets	8 090 000	5 642 000	4 157 000	4 049 000
Total Retained Equity	2 673 000	1 177 000	1 341 000	1 230 000
Total Equity	2 703 000	1 207 000	1 371 000	1 260 000
Total Long-Term Debt	1 855 000	1 699 000	1 681 000	1 791 000
Total Current Debt	3 532 000	2 735 000	1 105 000	998 000
Total Equity and Debt	8 090 000	5 642 000	4 157 000	4 049 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 404 000	11 501 000	7 819 000	8 132 000
Other Income	445 000	60 000	10 000	58 000
Revenue	16 849 000	11 561 000	7 829 000	8 190 000
Cost of Goods Sold	4 748 000	3 072 000	1 534 000	2 168 000
Salary Costs	4 475 000	2 779 000	2 413 000	2 520 000
Depreciation	885 000	510 000	435 000	323 000
Impairment	0	0	0	0
Expenditure	14 813 000	10 846 000	7 676 000	7 545 000
Operating Profit	2 035 000	715 000	154 000	646 000
Financial Income	0	−3 000	0	1 000
Financial Costs	107 000	49 000	49 000	38 000
Financial Balance	−107 000	−52 000	−49 000	−37 000
Dividends	0	0	0	0
Net Income	1 496 000	516 000	111 000	485 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	22 000	0
Real Eastate	287 000	106 000	132 000	157 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 877 000	3 130 000	1 772 000	1 325 000
Total Tangible Assets	4 031 000	3 236 000	1 904 000	1 512 000
Total Fiancial Fixed Assets	251 000	368 000	466 000	647 000
Total Fixed Assets	4 282 000	3 604 000	2 392 000	2 159 000
Stock	356 000	209 000	135 000	293 000
Total Investments	0	0	0	0
Cash, Bank	1 987 000	558 000	683 000	552 000
Total Current Assets	3 809 000	2 037 000	1 764 000	1 890 000
Total Assets	8 090 000	5 642 000	4 157 000	4 049 000
Total Equity	2 703 000	1 207 000	1 371 000	1 260 000
Short-Term Group Debt	540 000	731 000	0	0
Total Long-Term Debt	1 855 000	1 699 000	1 681 000	1 791 000
Creditors	622 000	590 000	389 000	462 000
Unpaid Taxes	771 000	167 000	185 000	147 000
Dividends	0	0	0	0
Other Current Debt	1 222 000	1 248 000	515 000	265 000
Total Current Debt	3 532 000	2 735 000	1 105 000	998 000
Total Equity and Debt	8 090 000	5 642 000	4 157 000	4 049 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,35 %	42,75 %	8,1 %	38,49 %
Debt-to-Equity Ratio	0,69	1,41	1,23	1,42
Operating Profit Margin	12,08 %	6,18 %	1,97 %	7,89 %
Current Ratio	1,08	0,74	1,6	1,89
Quick Ratio	1,2	0,81	1,82	2,68
Equity Ratio	0,33	0,21	0,33	0,31
Gross Profit Margin	71,82 %	73,43 %	80,41 %	73,53 %