VORMVIK AS

4985 VEGÅRSHEI

Finances

Share Ownership

Return on Equity

65,82 %

Current Ratio

2,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	521 000	405 000	426 000	341 000
Net Income	104 000	35 000	132 000	42 000
Total Assets	241 000	181 000	268 000	121 000
Total Equity	158 000	114 000	199 000	67 000

Income (NOK)	2022	2021	2020	2019
Revenue	521 000	405 000	426 000	341 000
Expenditure	387 000	360 000	256 000	286 000
Operating Profit	134 000	46 000	171 000	55 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	1 000	2 000
Financial Balance	0	−1 000	−1 000	−2 000
Earnings Before Tax	134 000	45 000	169 000	52 000
Tax	29 000	10 000	37 000	10 000
Net Income	104 000	35 000	132 000	42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	6 000
Total Current Assets	241 000	181 000	268 000	115 000
Total Assets	241 000	181 000	268 000	121 000
Total Retained Equity	134 000	89 000	174 000	42 000
Total Equity	158 000	114 000	199 000	67 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	83 000	67 000	70 000	55 000
Total Equity and Debt	241 000	181 000	268 000	121 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	521 000	405 000	426 000	341 000
Other Income	0	0	0	0
Revenue	521 000	405 000	426 000	341 000
Cost of Goods Sold	0	0	0	0
Salary Costs	184 000	179 000	114 000	64 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	387 000	360 000	256 000	286 000
Operating Profit	134 000	46 000	171 000	55 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	1 000	2 000
Financial Balance	0	−1 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	104 000	35 000	132 000	42 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	6 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	213 000	142 000	243 000	86 000
Total Current Assets	241 000	181 000	268 000	115 000
Total Assets	241 000	181 000	268 000	121 000
Total Equity	158 000	114 000	199 000	67 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	3 000	8 000	2 000
Unpaid Taxes	29 000	34 000	16 000	29 000
Dividends	0	0	0	0
Other Current Debt	20 000	20 000	14 000	7 000
Total Current Debt	83 000	67 000	70 000	55 000
Total Equity and Debt	241 000	181 000	268 000	121 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,82 %	30,7 %	66,33 %	62,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	25,72 %	11,36 %	40,14 %	16,13 %
Current Ratio	2,9	2,7	3,83	2,09
Quick Ratio	2,9	2,7	3,83	2,09
Equity Ratio	0,66	0,63	0,74	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %